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