The Asia Pacific Smart Air Conditioning Market is expected to witness market growth of 13.7% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific 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 $4.11 billion by 2031. The Japan market is registering a CAGR of 13% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 14.4% during 2024-2031.
As smartphones, voice assistants (such as Amazon Alexa and Google Assistant), and smart home ecosystems continue to grow, consumers are increasingly adopting smart air conditioning systems that provide seamless control and automation. The ability to control the air conditioning remotely via a smartphone app or voice command offers unparalleled convenience and comfort.
Moreover, features such as geofencing, where the system automatically adjusts the temperature when users leave or return home, and scheduling, which allows users to set preferred temperatures for specific times of day, make these systems highly desirable. Several trends are shaping the market as consumer preferences evolve, and technological innovations continue to push the boundaries of what air conditioning systems can do.
The market is expanding rapidly, driven by increasing urbanization, technological advancements, and rising consumer demand for energy-efficient and connected cooling solutions. India and China, two of the largest markets in Asia, are key players in this growth. Government initiatives in India aimed at building smart cities and improving quality of life, along with China’s growing disposable income, are creating significant opportunities for smart air conditioning adoption.
The China market dominated the Asia Pacific 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 $4.11 billion by 2031. The Japan market is registering a CAGR of 13% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 14.4% during 2024-2031.
As smartphones, voice assistants (such as Amazon Alexa and Google Assistant), and smart home ecosystems continue to grow, consumers are increasingly adopting smart air conditioning systems that provide seamless control and automation. The ability to control the air conditioning remotely via a smartphone app or voice command offers unparalleled convenience and comfort.
Moreover, features such as geofencing, where the system automatically adjusts the temperature when users leave or return home, and scheduling, which allows users to set preferred temperatures for specific times of day, make these systems highly desirable. Several trends are shaping the market as consumer preferences evolve, and technological innovations continue to push the boundaries of what air conditioning systems can do.
The market is expanding rapidly, driven by increasing urbanization, technological advancements, and rising consumer demand for energy-efficient and connected cooling solutions. India and China, two of the largest markets in Asia, are key players in this growth. Government initiatives in India aimed at building smart cities and improving quality of life, along with China’s growing disposable income, are creating significant opportunities for smart air conditioning adoption.
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
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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. Asia Pacific Smart Air Conditioning Market by Application
Chapter 6. Asia Pacific Smart Air Conditioning Market by Product
Chapter 7. Asia Pacific 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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