The Europe Smart Air Conditioning Market is expected to witness market growth of 12.9% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Smart Air Conditioning Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $3.03 billion by 2031. The UK market is experiencing a CAGR of 12% during 2024-2031. Additionally, the France market is expected to exhibit a CAGR of 13.8% during 2024-2031.
Incorporating AI and machine learning technologies into smart air conditioners enables systems to become more intelligent over time. These systems can learn user preferences and behaviours, predict future cooling needs, and adjust accordingly. For example, the system can adjust the cooling intensity based on occupancy patterns or outside temperature fluctuations.
Additionally, as climate change concerns continue to rise, energy efficiency has become a major focus in the market. Manufacturers are increasingly prioritizing the development of energy-efficient systems that consume less power while maintaining optimal performance. Some systems are designed to work with renewable energy sources, such as solar panels, to reduce environmental impact.
According to the International Data Corporation (IDC), the number of installed IoT-connected devices is projected to grow from 40 billion in 2023 to 49 billion by 2026, representing an annual growth rate of 7%. Europe’s strong focus on smart cities and green building initiatives makes it a key market for IoT-based solutions. Smart air conditioners, integrated with IoT technology, allow users to control and monitor cooling systems remotely, optimize energy consumption, and receive predictive maintenance alerts - all of which align with the European Union’s energy efficiency goals and sustainability standards.
The Germany market dominated the Europe Smart Air Conditioning Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $3.03 billion by 2031. The UK market is experiencing a CAGR of 12% during 2024-2031. Additionally, the France market is expected to exhibit a CAGR of 13.8% during 2024-2031.
Incorporating AI and machine learning technologies into smart air conditioners enables systems to become more intelligent over time. These systems can learn user preferences and behaviours, predict future cooling needs, and adjust accordingly. For example, the system can adjust the cooling intensity based on occupancy patterns or outside temperature fluctuations.
Additionally, as climate change concerns continue to rise, energy efficiency has become a major focus in the market. Manufacturers are increasingly prioritizing the development of energy-efficient systems that consume less power while maintaining optimal performance. Some systems are designed to work with renewable energy sources, such as solar panels, to reduce environmental impact.
According to the International Data Corporation (IDC), the number of installed IoT-connected devices is projected to grow from 40 billion in 2023 to 49 billion by 2026, representing an annual growth rate of 7%. Europe’s strong focus on smart cities and green building initiatives makes it a key market for IoT-based solutions. Smart air conditioners, integrated with IoT technology, allow users to control and monitor cooling systems remotely, optimize energy consumption, and receive predictive maintenance alerts - all of which align with the European Union’s energy efficiency goals and sustainability standards.
List of Key Companies Profiled
- Daikin Industries Ltd.
- AB Electrolux
- Carrier Global Corporation
- Johnson Controls International PLC
- Mitsubishi Electric Corporation
- Panasonic Holdings Corporation
- Whirlpool Corporation
- Blue Star Limited
- Haier Smart Home Co., Ltd. (Haier Group Corporation)
- LG Electronics, Inc. (LG Corporation)
Market Report Segmentation
By Application
- Residential Buildings
- Commercial Buildings
- Industrial Buildings
By Product
- Temperature Control
- Humidity Control
- Ventilation Control
- Integrated Control
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe Smart Air Conditioning Market by Application
Chapter 6. Europe Smart Air Conditioning Market by Product
Chapter 7. Europe Smart Air Conditioning Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Daikin Industries Ltd.
- AB Electrolux
- Carrier Global Corporation
- Johnson Controls International PLC
- Mitsubishi Electric Corporation
- Panasonic Holdings Corporation
- Whirlpool Corporation
- Blue Star Limited
- Haier Smart Home Co., Ltd. (Haier Group Corporation)
- LG Electronics, Inc. (LG Corporation)
Methodology
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