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Leading Growth Driver in the Smart Air Conditioners Market in 2025: Construction Sector Driving Growth In The Smart Air Conditioner Market Driver's Influence
Smart Air Conditioners Market
The expansion of the construction industry is anticipated to boost the smart air conditioner market. The industry includes all operations involving the planning, design, building and maintenance of infrastructures and other tangible constructions. Factors such as urbanization trends, a surge in infrastructure investments and the need for sustainable construction solutions are contributing to the growth of the construction industry. There is a projected increase in the demand for HVAC systems, such as smart air conditioners, as the construction industry plays a bigger role in developments, especially in the residential, commercial and industrial projects. Newly built developments frequently integrate current amenities and technologies like smart home capabilities, which encourages the adoption of smart air conditioners. For example, a report from the Office for National Statistics in August 2023 showed that there was a 1.6% rise in the estimated monthly construction output in June 2023, which can be attributed to both new construction work and repair and maintenance activities. The quarter-on-quarter data from April to June 2023 and January to March 2023 displayed a 0.3% increase in construction. Notably, this rise was entirely due to the performance in June 2023 with repair and maintenance activities seeing a 0.9% boost. As such, the burgeoning construction industry is contributing to the growth of the smart air conditioner market.
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How will the growth rate of the smart air conditioners market shape industry trends by 2034?
The market size for intelligent air conditioners has expanded swiftly in the last few years. The growth is expected to rise from $18.74 billion in 2024 to $20.92 billion in 2025, marking a compound annual growth rate (CAGR) of 11.6%. Factors contributing to this growth during the historic period include heightened public consciousness about health and wellness, increased levels of urbanization, surging customer demand for comfort, improved living standards, and the introduction of energy-efficient and environmentally friendly air conditioning solutions.
In the coming years, it is projected that the smart air conditioners market will experience a speedy expansion. Its size is forecasted to reach $32.46 billion by 2029, accelerating at a compound annual growth rate (CAGR) of 11.6%. The anticipated progression throughout this period can be ascribed to factors such as an expanding construction industry, the rising trend of smart homes, increased consumer disposable income, heightened consumer demand, and growing needs from commercial sectors. Key trends during this prophesied period include the inclusion of AI-enabled features, improved IoT connectivity, technological progress, introduction of novel products, and user-friendly interfaces.
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What trends are poised to drive the future success of the smart air conditioners market?
Leading firms in the smart air conditioner market are forging new paths with groundbreaking technology that marries artificial intelligence (AI) and the Internet of Things (IoT) to boost energy saving and user comfort. These innovations enable predictive maintenance features, which facilitate systems predicting breakdowns and honing performance, consequently lowering energy use and operational expenses. As an illustration, in April 2024, Voltas, an enterprise based in India, unveiled its fresh HVAC range at ACREX 2024, boasting superior AI proficiency allowing users to remotely observe and manipulate their systems via a mobile application. This rollout serves as a testament to Voltas' dedication to sustainability and energy conservation and also augments the user experience thanks to real-time data and analytics on system operation and energy consumption.
Which primary segments of the smart air conditioners market are driving growth and industry transformations?
The smart air conditioners market covered in this report is segmented -
1) By Type: Split, Window, Portable, Other Types
2) By Connectivity: Wi-Fi, Bluetooth, Other Connectivities
3) By Application: Residential, Buildings, Industrial Buildings, Commercial Buildings
Subsegments:
1) By Split: Wall-Mounted Split Air Conditioners, Floor-Mounted Split Air Conditioners
2) By Window: Vertical Window Air Conditioners, Horizontal Window Air Conditioners
3) By Portable: Compact Portable Air Conditioners, Dual-Hose Portable Air Conditioners
4) By Other Types: Central Air Conditioning Systems, Smart Mini-Split Systems
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Asia-Pacific was the largest region in the smart air conditioner market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the smart air conditioners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the smart air conditioners market landscape?
Major companies operating in the smart air conditioners market are Samsung Electronics Co. Ltd., Robert Bosch GmbH, Hitachi Ltd., LG Electronics Inc., Panasonic Corporation, Haier Group Corporation, Midea Group Co. Ltd., Mitsubishi Electric Corporation, Toshiba Corporation, Gree Electric Appliances Inc., Daikin Industries Ltd., Johnson Controls International plc, Fujitsu General Ltd., Carrier Global Corporation, Whirlpool Corporation, Trane Technologies Plc, Electrolux AB, AUX Group Co. Ltd., Godrej Industries Limited, Lennox International Inc., Hisense Kelon Electrical Holdings Company Limited, Havells India Limited, Rheem Manufacturing Company, Blue Star Limited, Voltas Limited, Chigo Holding Ltd., Friedrich Air Conditioning Co. Ltd., Chunlan Group, Videocon Industries Limited, Bryant Ltd
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What Is Covered In The Smart Air Conditioners Global Market Report?
•Market Size Forecast: Examine the smart air conditioners market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the smart air conditioners market for a structured understanding.
•Key Players Overview: Analyze major players in the smart air conditioners market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the smart air conditioners market.
•Segment Contributions: Evaluate how different segments drive overall growth in the smart air conditioners market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the smart air conditioners market.
•Industry Challenges: Identify potential risks and obstacles affecting the smart air conditioners market.
•Competitive Landscape: Review strategic developments in the smart air conditioners market, including expansions, agreements, and new product launches.
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