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Europe Smart Air Conditioning Market Size, Share & Trends Analysis Report By Application (Residential Buildings, Commercial Buildings, and Industrial Buildings), By Product, By Country and Growth Forecast, 2024 - 2031

  • PDF Icon

    Report

  • 125 Pages
  • February 2025
  • Region: Europe
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6056202
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.

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
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Smart Air Conditioning Market, by Application
1.4.2 Europe Smart Air Conditioning Market, by Product
1.4.3 Europe Smart Air Conditioning Market, by Country
1.5 Methodology for the Research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 The Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.2.4 Geographical Expansion
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2023, Jan - 2024, Dec) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. Europe Smart Air Conditioning Market by Application
5.1 Europe Residential Buildings Market by Country
5.2 Europe Commercial Buildings Market by Country
5.3 Europe Industrial Buildings Market by Country
Chapter 6. Europe Smart Air Conditioning Market by Product
6.1 Europe Temperature Control Market by Country
6.2 Europe Humidity Control Market by Country
6.3 Europe Ventilation Control Market by Country
6.4 Europe Integrated Control Market by Country
Chapter 7. Europe Smart Air Conditioning Market by Country
7.1 Germany Smart Air Conditioning Market
7.1.1 Germany Smart Air Conditioning Market by Application
7.1.2 Germany Smart Air Conditioning Market by Product
7.2 UK Smart Air Conditioning Market
7.2.1 UK Smart Air Conditioning Market by Application
7.2.2 UK Smart Air Conditioning Market by Product
7.3 France Smart Air Conditioning Market
7.3.1 France Smart Air Conditioning Market by Application
7.3.2 France Smart Air Conditioning Market by Product
7.4 Russia Smart Air Conditioning Market
7.4.1 Russia Smart Air Conditioning Market by Application
7.4.2 Russia Smart Air Conditioning Market by Product
7.5 Spain Smart Air Conditioning Market
7.5.1 Spain Smart Air Conditioning Market by Application
7.5.2 Spain Smart Air Conditioning Market by Product
7.6 Italy Smart Air Conditioning Market
7.6.1 Italy Smart Air Conditioning Market by Application
7.6.2 Italy Smart Air Conditioning Market by Product
7.7 Rest of Europe Smart Air Conditioning Market
7.7.1 Rest of Europe Smart Air Conditioning Market by Application
7.7.2 Rest of Europe Smart Air Conditioning Market by Product
Chapter 8. Company Profiles
8.1 Daikin Industries Ltd.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent Strategies and Developments
8.1.5.1 Partnerships, Collaborations, and Agreements
8.1.5.2 Product Launches and Product Expansions
8.1.5.3 Acquisition and Mergers
8.1.6 SWOT Analysis
8.2 AB Electrolux
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 SWOT Analysis
8.3 Carrier Global Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent Strategies and Developments
8.3.5.1 Product Launches and Product Expansions
8.3.5.2 Geographical Expansions
8.3.6 SWOT Analysis
8.4 Johnson Controls International PLC
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental & Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent Strategies and Developments
8.4.5.1 Product Launches and Product Expansions
8.4.6 SWOT Analysis
8.5 Mitsubishi Electric Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 SWOT Analysis
8.6 Panasonic Holdings Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent Strategies and Developments
8.6.5.1 Partnerships, Collaborations, and Agreements
8.6.5.2 Product Launches and Product Expansions
8.6.6 SWOT Analysis
8.7 Whirlpool Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent Strategies and Developments
8.7.5.1 Product Launches and Product Expansions
8.7.6 SWOT Analysis
8.8 Blue Star Limited
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental Analysis
8.9 Haier Smart Home Co., Ltd. (Haier Group Corporation)
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 SWOT Analysis
8.10. LG Electronics, Inc. (LG Corporation)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional & Segmental Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent Strategies and Developments
8.10.5.1 Product Launches and Product Expansions
8.10.6 SWOT Analysis

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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