Press release
Global Smart AC Controller Market - Tado, Airpatrol, Cielo Wigle Inc., Ambi Labs, Intesis Software, Thinkeco Inc., Nature Inc., AskStory, Sensibo, Melissa Climate
The global smart AC controller market has been segmented on the basis of connectivity, usages, and distribution channel. In the connectivity segment, the smart AC controller market is sub-segmented into Bluetooth + IR, IR, and others. In terms of value, the global smart AC controller market for IR segment was valued at USD 20,701.2 Thousand in 2018 and is anticipated to flourish at a CAGR of 12.4% over the forecast period. Further, the global smart AC controller market for IR segment is expected to achieve the absolute $ opportunity of USD 17,754.5 Thousand between 2019-2024.
In the usages segment, the smart AC controller market is sub-segmented into split ACs, mobile ACs, window AC, central AC, and portable ACs.
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Rising Sales of Air Conditioners
The 2017 world AC demand had reached reach 110.5 Thousand units with 8.1% increase compared to previous years. The demand for AC in Asian countries such as China, India, Japan and other is growing remarkable as incomes and living standards improve in many developing countries of this region. Since the ACs are getting more efficient and affordable, the growth in AC demand in hotter regions is set to soar which in turn expected to bolster the demand for smart AC controllers in upcoming years. In addition to this, rising electricity prices and environmental concerns are also predicted to escalate the growth of smart AC controller as these controllers with improved control algorithms can reduce electricity bills. Some manufacturers claim that their smart AC controllers can reduce your AC's electricity use by up to 40%. Such cost benefits of smart AC controllers are expected to foster the adoption rate of smart AC controllers in upcoming years.
Smart Home Trends
The smart home technologies are making significant penetration into various geographies across the globe. The smart tech lovers across the globe are installing multiple smart technologies into their homes. Further, factors such as growing awareness about the benefits of smart technologies coupled with increasing willingness of consumers to spend money on connected devices are paving the way for the growth of the market.
Regional Outlook:
In terms of geography, the smart AC controller market is segregated into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Asia Pacific smart AC controller market accounted for a market share of 55.0% in 2018 and is expected to account a notable market share by the end of 2024.
In terms of value, Asia Pacific smart AC controller market is expected to reach USD 26,082.1 Thousand by the end of 2024 from USD 13,703.0 Thousand in 2018. The market value of Asia Pacific smart AC controller market is expected to rise at a CAGR of 12.0% over the forecast period. Further, increasing acceptance of connected products among consumers in the region is creating an upsurge in demand for smart home appliances. This factor is anticipated to impel the growth of Asia Pacific smart AC controller market.
Competitive Landscape:
The report also covers detailed competitive analysis of major market players of the global smart AC controller market, such as Tado, Airpatrol, Cielo Wigle Inc., Ambi Labs, Intesis Software, Thinkeco Inc., Nature Inc., AskStory, Sensibo, Melissa Climate and other major and niche players. The smart AC controller market is witnessing a wide range of industry activities such as product launch, partnership, innovation, strategic development and expansion across the globe. For instance, on 29th November 2018, Intesis Software, a member of the HMS Group, entered into partnership with MPI Services, Smart Building Solutions, Building Systems & Services & Estevez. This strategic partnership helped the company to strengthen its position in the North American market.
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Table of Content
Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Issues in Global Smart AC Controller Market
3. Global Smart AC Controller Market Trends
4. Opportunities in Global Smart AC Controller Market
5. Recent Industry Activities, 2017
6. Porter's Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8. Global Smart AC Controller Market Size (USD Million), Growth Analysis and Forecast, (2017-2023)
9. Global Smart AC Controller Market Segmentation Analysis, By Connectivity
9.1. Introduction
9.2. Market Attractiveness, By Connectivity
9.3. BPS Analysis, By Connectivity
9.4. Bluetooth Smart AC Controller Market Size & Forecast (USD Million), 2017-2023
9.5. IR Smart AC Controller Market Size & Forecast (USD Million), 2017-2023
9.6. Others Smart AC Controller Market Size & Forecast (USD Million), 2017-2023
10. Global Smart AC Controller Market Segmentation Analysis, By Usages
10.1. Introduction
10.2. Market Attractiveness, By Usages
10.3. BPS Analysis, By Usages
10.4. Split ACs Market Size & Forecast (USD Million), 2017-2023
10.5. Mobile ACs Market Size & Forecast (USD Million), 2017-2023
10.6. Window ACs Market Size & Forecast (USD Million), 2017-2023
10.7. Central ACs Market Size & Forecast (USD Million), 2017-2023
10.8. Portable ACs Market Size & Forecast (USD Million), 2017-2023
11. Global Smart AC Controller Market Segmentation Analysis, By Distribution Channel
11.1. Introduction
11.2. Market Attractiveness, By Distribution Channel
11.3. BPS Analysis, By Distribution Channel
11.4. Online Store Market Size & Forecast (USD Million), 2017-2023
11.5. Offline Store Market Size & Forecast (USD Million), 2017-2023
12. Global Smart AC Controller Market Segmentation Analysis, By Price range
12.1. Introduction
12.2. Market Attractiveness, By Price range
12.3. BPS Analysis, By Price range
12.4. High Market Size & Forecast (USD Million), 2017-2023
12.5. Medium Market Size & Forecast (USD Million), 2017-2023
12.6. Low Market Size & Forecast (USD Million), 2017-2023
13. Geographical Analysis
13.1. Introduction
13.2. North America Market Size & Forecast (USD Million), 2017-2023
13.2.1. By Connectivity
13.2.1.1. Introduction
13.2.1.2. Market Attractiveness, By Connectivity
13.2.1.3. BPS Analysis, By Connectivity
13.2.1.4. Bluetooth Smart AC Controller Market Size & Forecast (USD Million), 2017-2023
13.2.1.5. IR Smart AC Controller Market Size & Forecast (USD Million), 2017-2023
13.2.1.6. Others Smart AC Controller Market Size & Forecast (USD Million), 2017-2023
13.2.2. By Usages
13.2.2.1. Introduction
13.2.2.2. Market Attractiveness, By Usages
13.2.2.3. BPS Analysis, By Usages
13.2.2.4. Split ACs Market Size & Forecast (USD Million), 2017-2023
13.2.2.5. Mobile ACs Market Size & Forecast (USD Million), 2017-2023
13.2.2.6. Window ACs Market Size & Forecast (USD Million), 2017-2023
13.2.2.7. Central ACs Market Size & Forecast (USD Million), 2017-2023
13.2.2.8. Portable ACs Market Size & Forecast (USD Million), 2017-2023
13.2.3. By Distribution Channel
13.2.3.1. Introduction
13.2.3.2. Market Attractiveness, By Distribution Channel
13.2.3.3. BPS Analysis, By Distribution Channel
13.2.3.4. Online Store Market Size & Forecast (USD Million), 2017-2023
13.2.3.5. Offline Store Market Size & Forecast (USD Million), 2017-2023
13.2.4. By Price range
13.2.4.1. Introduction
13.2.4.2. Market Attractiveness, By Price range
13.2.4.3. BPS Analysis, By Price range
13.2.4.4. High Market Size & Forecast (USD Million), 2017-2023
13.2.4.5. Medium Market Size & Forecast (USD Million), 2017-2023
13.2.4.6. Low Market Size & Forecast (USD Million), 2017-2023
13.2.5. By Country
13.2.5.1. Market Attractiveness, By Country
13.2.5.2. BPS Analysis, By End-User
13.2.5.3. U.S. Market Size & Forecast (USD Million), 2017-2023
13.2.5.4. Canada Market Size & Forecast (USD Million), 2017-2023
13.3. Europe Market Size & Forecast (USD Million), 2017-2023
13.3.1. By Connectivity
13.3.1.1. Introduction
13.3.1.2. Market Attractiveness, By Connectivity
13.3.1.3. BPS Analysis, By Connectivity
13.3.1.4. Bluetooth Smart AC Controller Market Size & Forecast (USD Million), 2017-2023
13.3.1.5. IR Smart AC Controller Market Size & Forecast (USD Million), 2017-2023
13.3.1.6. Others Smart AC Controller Market Size & Forecast (USD Million), 2017-2023
13.3.2. By Usages
13.3.2.1. Introduction
13.3.2.2. Market Attractiveness, By Usages
13.3.2.3. BPS Analysis, By Usages
13.3.2.4. Split ACs Market Size & Forecast (USD Million), 2017-2023
13.3.2.5. Mobile ACs Market Size & Forecast (USD Million), 2017-2023
13.3.2.6. Window ACs Market Size & Forecast (USD Million), 2017-2023
13.3.2.7. Central ACs Market Size & Forecast (USD Million), 2017-2023
13.3.2.8. Portable ACs Market Size & Forecast (USD Million), 2017-2023
13.3.3. By Distribution Channel
13.3.3.1. Introduction
13.3.3.2. Market Attractiveness, By Distribution Channel
13.3.3.3. BPS Analysis, By Distribution Channel
13.3.3.4. Online Store Market Size & Forecast (USD Million), 2017-2023
13.3.3.5. Offline Store Market Size & Forecast (USD Million), 2017-2023
13.3.4. By Price range
13.3.4.1. Introduction
13.3.4.2. Market Attractiveness, By Price range
13.3.4.3. BPS Analysis, By Price range
13.3.4.4. High Market Size & Forecast (USD Million), 2017-2023
13.3.4.5. Medium Market Size & Forecast (USD Million), 2017-2023
13.3.4.6. Low Market Size & Forecast (USD Million), 2017-2023
13.3.5. By Country
13.3.5.1. Market Attractiveness, By Country
13.3.5.2. BPS Analysis, By Country
13.3.5.3. Germany Market Size & Forecast (USD Million), 2017-2023
13.3.5.4. United Kingdom Market Size & Forecast (USD Million), 2017-2023
13.3.5.5. France Market Size & Forecast (USD Million), 2017-2023
13.3.5.6. Italy Market Size & Forecast (USD Million), 2017-2023
13.3.5.7. Spain Market Size & Forecast (USD Million), 2017-2023
13.3.5.8. Russia Market Size & Forecast (USD Million), 2017-2023
13.3.5.9. Rest of Europe Market Size & Forecast (USD Million), 2017-2023
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