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Global Smart Connected Air Conditioner Market 2016-2020

Global Smart Connected Air Conditioner Market 2016-2020

About Smart Homes

The evolution of smart homes resulted in the installation of integrated and centralized control systems in homes that include:

  • Environmental control systems (air conditioning, heating, and ventilation)
  • Household appliances (washing machines, refrigerators, freezers, and microwaves)
  • Consumer electronics (TV, gaming consoles, and audio-video equipment)
  • Building components (windows and doors)
In a connected home, these systems are connected to a computer, tablet, or a smartphone through a wired or a wireless network to enhance remote accessibility. Ubiquitous homes understand the requirements of occupants based on their lifestyle and behavior, and, hence, respond in a particular manner.

Technavio’s analysts forecast the global smart connected air conditioner market to grow at a CAGR of 60.42% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global smart connected air conditioner market for 2016-2020. To calculate the market size, the report considers the revenue generated in the residential consumer segment from the sale of inbuilt smart connected air conditioners.

The market is divided into the following segments based on geography:
  • APAC
  • EMEA
  • North America
Technavio's report, global smart connected air conditioner market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Daikin Industries
  • Haier
  • LG Electronics
  • Mitsubishi Electric
  • Samsung Electronics
Other prominent vendors
  • Videocon
  • Voltas
  • FUJITSU GENERAL
  • Blue Star
  • Friedrich
  • Electrolux
Market driver
  • Use of connectivity as a differentiating feature by manufacturers
  • For a full, detailed list, view our report
Market challenge
  • Lack of technological exposure and awareness hindering mass adoption of smart connected air conditioners
  • For a full, detailed list, view our report
Market trend
  • Custom cooling schedules in smart controlled air conditioners
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Smart Connected Air Conditioner Market 2016-2020

Technavio recognizes the following companies as the key players in the global smart connected air conditioner market: Daikin Industries, Haier, LG Electronics, Mitsubishi Electric, and Samsung Electronics.

Other Prominent Vendors in the market are: Videocon, Voltas, FUJITSU GENERAL, Blue Star, Friedrich, and Electrolux.

Commenting on the report, an analyst from Technavio’s team said: “One of the key trends for market growth will be the emergence of portable smart air conditioners. Compared to traditional air conditioners, portable air conditioners have the advantage of mobility due to the wheels attached to their base. The products can be installed easily, and are cost effective due to their smaller size. Portable air conditioners are helpful for consumers who shift very often. Only established players like LG are introducing smart portable air conditioners with other features like the dehumidifier function.”

According to the report, remote prognostics and easy fault detection features of smart connected air conditioners will be a key driver for market growth. Smart air conditioners facilitate remote prognostics and alert both the manufacturers and consumers even if there is a small chance of a fault developing in them. When a fault develops in a machine, the manufacturer can contact the consumer; advise how it can be fixed or even arrange a site visit to replace a part. The operating system of the machine can notify service engineers of the concerned brand about which part needs replacing, so that they can bring it with them. Thus, consumers do not need to be concerned about the servicing and functioning of smart connected air conditioners. Manufacturers are leveraging on the remote prognostics feature of these air conditioners to entice consumers.

Further, the report states that problems in standardization of communication protocol will be a major challenge for the market. Manufacturers of different smart appliances have their own data standards and wireless protocols, which often make it difficult for these high-tech devices to communicate with each other. For instance, some manufacturers of smart meters have established proprietary protocols for connecting and communicating with devices used in residences. These protocols create hindrances for smart appliance manufacturers. Customization of product offerings as per the protocol set by meter manufacturers is infeasible and impractical. Thus, a standardized communication protocol for inter-operability between controllers, gateways, appliances, devices and the internet is essential.

Companies Mentioned

Daikin Industries, Haier, LG Electronics, Mitsubishi Electric, Samsung Electronics, Videocon, Voltas, FUJITSU GENERAL, Blue Star, Friedrich, Electrolux.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Key countries in each region
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Timeline of Global Smart Homes
    • Market overview
    • Global smart appliance market
      • Table Classification of smart consumer appliance market
      • Table Product life cycle of smart appliances
      • Table Global smart appliance market value 2015-2020 ($ million)
      • Table Smart appliance market share by geographical segmentation in 2020 (forecasted)
    • Global smart air conditioners
      • Table Household penetration of conventional air conditioners in different regions worldwide in 2015
      • Table Global residential air conditioner market 2015-2020 ($ billions)
      • Table Factors enabling growth of IoT trend
      • Table Requirements for IoT and smart appliances
      • Table Percentage of energy consumed by different home appliances globally
    • Market size and forecast
      • Table Global smart connected air conditioner market 2015-2020 ($ billions)
      • Table Comparison of revenue generated by smart and non-smart featured air conditioner in 2015 and 2020
    • Five forces analysis
      • Table Five forces analysis
  • Segmentation by product type
    • Smart split air conditioners
    • Other smart air conditioners
      • Table Global residential smart connected air conditioner market 2015
      • Table Global residential smart connected air conditioner market 2020
  • Market segmentation by distribution channel
    • Table Segmentation by distribution channel in 2015
  • Geographical segmentation
    • Smart connected air conditioner market in APAC
    • Smart connected air conditioner market in Americas
    • Smart connected air conditioner market in EMEA
      • Table Segmentation of smart air conditioner based on geography in 2015 (%)
      • Table Segmentation of smart air conditioner based on geography in 2020 (%)
  • Key leading countries
    • China
      • Table Market value of smart appliances in China in 2015 ($ millions)
    • Japan
    • US
      • Table Market value of smart appliances in the US ($ millions)
  • Market drivers
    • Demand for increased comfort and convenience levels
    • Use of connectivity as a differentiating feature by manufacturers
    • Easier to convince customers to buy smart air conditioners than to buy other smart home appliances
    • Remote prognostics and easy fault detection features of smart connected air conditioners
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Security concerns associated with smart air conditioners and IoT concept
    • Lack of technological exposure and awareness hindering mass adoption of smart connected air conditioners
    • Problems in standardization of communication protocol
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Popularity of smart gadgets that can convert remote-controlled air conditioners into smart devices
    • Custom cooling schedules in smart controlled air conditioners
    • Connectivity feature with sleek design in smart controlled air conditioners
    • Players coming up with portable smart air conditioners
  • Vendor landscape
    • Competitive scenario
    • Competitive assessment of key vendors
      • Table Connected devices from consumer versus manufacturer perspective
    • Other prominent vendors
  • Key vendor analysis
    • Daikin Industries
      • Table Daikin Industries: Business segmentation by revenue 2015
      • Table Daikin Industries: Geographical segmentation by revenue 2015
    • Haier
      • Table Haier: Business segmentation by revenue 2015
      • Table Haier: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Haier: Geographical segmentation by revenue 2015
    • LG Electronics
      • Table LG Electronics: Business segmentation by revenue 2015
      • Table LG Electronics: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table LG Electronics: Geographical segmentation by revenue 2015
    • Mitsubishi Electric
      • Table Mitsubishi Electric: Business segmentation by revenue 2015
      • Table Mitsubishi Electric: Geographical segmentation by revenue 2015
    • Samsung Electronics
      • Table Samsung Electronics: Business segmentation by revenue 2015
      • Table Samsung Electronics: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Samsung Electronics: Geographical segmentation by revenue 2015
  • Appendix
    • List of abbreviations
  • Explore Technavio

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