The global smart air conditioning market is growing at a considerable CAGR of 11.2% during the forecast period. Increasing population and urbanization is one of the prime factors affecting and driving the market. Increasing adoption associated with smart air conditioner compatible devices that include smartphones and smart speaker is also estimated to be the prime factors that are contributing significantly towards the growth of the market. However, high cost involvement as compared with standard air conditioners is major factors constraints that are hindering the growth of the global smart air conditioning market across the globe.
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The market is segmented based on type and end-user. Based on type, the market is segmented into split air conditioner, window air conditioner, packaged air conditioner and central air conditioning system. Further, by end-user, market is segmented into residential, commercial and other.
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The global smart air conditioning market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Based on the geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America held a considerable share in 2020 in the global smart air conditioning market. Some factors that are boosting the market growth in North America are growing adoption of smart devices such as smart speakers and smart phone, leading manufactures and players present in the region. Additionally, high disposable income is other factors that are promoting the growth of the market.
Global Smart Air Conditioning Market – Segmentation
by Type
Split Air Conditioner
Window Air Conditioner
Packaged Air Conditioner
Central Air Conditioning System
by End-User
Residential
Commercial
Other
Global Smart Air Conditioning Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
Ambi Labs.
Blue Star Ltd.
DAIKIN INDUSTRIES, Ltd.,
Danfoss
Eaton
Godrej & Boyce Manufacturing Co. Ltd.
GREE ELECTRIC APPLIANCES, INC.
Haier Inc.
Indiegogo, Inc.
Johnson Controls–Hitachi Air Conditioning
LG Electronics
Mitsubishi Electric Corp.
Panasonic Corp.
SAMSUNG
Toshiba Corp.
Voltas, Inc.
Whirlpool
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