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Global Smart Connected Air Conditioner Market 2016-2020

  • Published: Sep 2016
  • Pages: 64
  • SKU: IRTNTR10492
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This market research report presents a detailed analysis of key vendors like Daikin Industries, Haier, LG Electronics, Mitsubishi Electric, and Samsung Electric in the global smart connected air conditioner market. It also presents an analysis of the global market by product type (smart split air conditioner and others), distribution channel (specialty retailers, departmental stores, and others), and geography (the Americas, APAC, and EMEA).

Global overview of the global smart connected air conditioner market

According to Technavio’s market research analysts, the global market for smart connected air conditioners will grow at a profound CAGR of over 60% by 2020. The rising popularity of smart gadgets that can convert conventional remote-controlled air conditioners into smart devices will aid in the strong growth of this market during the forecast period. Many consumers do not wish to buy a smart connected air conditioner just to upgrade their conventional air conditioners. To overcome this issue, many key players and start-ups have started developing smart accessories that can transform the user’s existing window, wall-mounted, and mobile air conditioners into devices that offer more convenience and comfort.  For instance, a start-up recently launched a smart device called Sensibo, which can connect to the user’s smartphone and remotely control the settings of the unit and automates the home climate control with intelligent features, including location-based activation and timer settings.

In terms of geography, our analysts estimate the APAC region to be the largest region in terms of overall air conditioner sales. As a result, this region is anticipated to be a hot spot for large smart connected air conditioner players like LG and Samsung. During the forecast period, regions like Japan, Singapore, and Hong Kong are expected to witness a stark increase in the sales of smart appliances like smart connected air conditioners due to the hot climate in these countries and the growing awareness of smart integrated appliances.

Competitive landscape and key vendors

This market is estimated to grow at a steady pace during the forecast period. Since many large and small players are investing significantly in smart appliances, the level of competition among them is expected to intensify over the next five years. This increase in the level of competition is leading to the introduction of new innovative machines, which will, in turn, affect the market’s landscape during the forecast period.

Key players in this market are -

  • Daikin Industries
  • Haier
  • LG Electronics
  • Mitsubishi Electric
  • Samsung Electric

Other prominent vendors in this market are Videocon, Voltas, FUJITSU GENERAL, Blue Star, Friedrich, and Electrolux.

Segmentation by product type and analysis of the smart connected air conditioner market

  • Smart split air conditioners
  • Other (smart portable air conditioner and smart window air conditioners)

At present, split air conditioners are probably the best and most preferred option for people living in urban areas. This product segment commands a high market share because of factors like its ease of use in areas where access to an outside window is restricted. During the predicted period, the demand for smart connected split air conditioners will increase as most consumers are already aware of the benefits of split air conditioners.

Segmentation by distribution channel and analysis of the smart connected air conditioner market

  • Specialty retailers
  • Departmental stores

According to this market study, most consumers will prefer purchasing smart connected air conditioners from speciality retailers as they offer a large variety of brands, many product portfolios (brand specific or, multi-branded), and sell similar types of products across all outlets.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the smart connected air conditioner market?
  • What are the key market trends impacting the growth of the global smart connected air conditioner market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global smart connected air conditioner market?
  • What are the market opportunities and threats faced by the vendors in the global smart connected air conditioner market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global smart connected air conditioner market?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of  the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights
  • Market overview
  • Global smart appliance market
  • Global smart air conditioners
  • Market size and forecast
  • Five forces analysis

PART 05: Segmentation by product type

  • Smart split air conditioners
  • Other smart air conditioners

PART 06: Market segmentation by distribution channel

PART 07: Geographical segmentation

  • Smart connected air conditioner market in APAC
  • Smart connected air conditioner market in Americas
  • Smart connected air conditioner market in EMEA

PART 08: Key leading countries

  • China
  • Japan
  • US

PART 09: 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

PART 10: Impact of drivers

PART 11: 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

PART 12: Impact of drivers and challenges

PART 13: 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

PART 14: Vendor landscape

  • Competitive scenario
  • Competitive assessment of key vendors
  • Other prominent vendors

PART 15: Key vendor analysis

  • Daikin Industries
  • Haier
  • LG Electronics
  • Mitsubishi Electric
  • Samsung Electronics

PART 16: Appendix

  • List of abbreviations

PART 17: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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