Smart AC Controller Market : Global Size, Share, Trends, Growth and Forecast Year ( 2022 – 2032 )

Global smart AC controller market witnessed market registering a compound annual growth rate (CAGR) of 12% between 2022 and 2032. Energy savings and convenience are key to the adoption of a smart AC controller among consumers.

smart AC controller market revenue will reach approximately USD 33.3 billion in 2022. Further, our Smart AC Controlle market insights show that the market is expected to grow at a CAGR of approximately 12% during the forecast period and reach a value of approximately USD 103.4 billion by 2032.

Smart Home Trends

The smart home technologies are making significant penetration into various geographies across the globe. The smart tech lovers across the globe are installing multiple smart technologies into their homes. Further, factors such as growing awareness about the benefits of smart technologies coupled with the increasing willingness of consumers to spend money on connected devices are paving the way for the growth of the market.

Rising Disposable Income

The levels of disposable income across the world are increasing and due to this, the number of consumers with plenty of spending power is growing. The rapid rise in disposable income of the population is allowing them to spend on improvement of their living standards. Furthermore, the consumers are spending more on potential technologies that can ease their life and this factor is expected to bolster the sales of smart AC controller in upcoming years.

Technological Advancements

The smart AC controller manufacturers are continuously advancing their controllers in order to capture a large pool of consumers across the globe. The manufacturers are improving their smart AC controller’s compatibility so that they can meet consumer’s requirements. Also, manufacturers are focusing to make their products more user-friendly and are adding new features. For instance, Ambi climate v2 have additional features such as temperature mode as compared to Ambi climate V1. Such advancements are expected to foster the market growth in upcoming years.

Increasing Sales of AC

The 2019 world AC demand had reached reach 110.5 million units with 8.1% increase compared to previous years. The demand for AC in Asian countries such as China, India, Japan and other is growing remarkable as incomes and living standards improve in many developing countries of this region. Since the ACs are getting more efficient and affordable, the growth in AC demand in hotter regions is set to soar which in turn expected to bolster the demand for smart AC controllers in upcoming years. In addition to this, rising electricity prices and environmental concerns are also predicted to escalate the growth of smart AC controller as these controllers with improved control algorithms can reduce electricity bills. Some manufacturers claim that their smart AC controllers can reduce your AC's electricity use by up to 40%. Such cost benefits of smart AC controllers are expected to foster the adoption rate of smart AC controllers in the upcoming year.

Barriers in Market

Advancements in thermostat technology have introduced connected and smart thermostats, which are one of the major barriers in the growth of global smart AC controller market. A major part of consumers is considering smart thermostat over smart AC controllers and this factor is expected to limit the market growth of smart AC controller in upcoming years. Price issues with smart AC controllers is another major concern which has been adversely affecting the demand for smart AC controllers. The population with limited spending power is hesitating to spend additional money on devices such as smart AC controllers. This reason is weakening the market of smart AC controller in low-income countries. The AC demand in cold countries is exceptionally low and consumers in cold countries prefer thermostat over smart AC controllers. For instance, the sales of air conditioners in Europe were 6.1 million units in 2016 as compared to 40.6 million units in China. Further, this weak AC sales and high preference of thermostats in cold regions are likely to emerge as major barriers in the growth of smart AC controller market.

Research Methodology

Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Issues in Global Smart AC Controller Market
3. Global Smart AC Controller Market Trends
4. Opportunities in Global Smart AC Controller Market
5. Recent Industry Activities, 2019
6. Porter's Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8. Global Smart AC Controller Market Size (USD Million), Growth Analysis and Forecast, (2019-2025)

9. Global Smart AC Controller Market Segmentation Analysis, By Connectivity
9.1. Introduction
9.2. Market Attractiveness, By Connectivity
9.3. BPS Analysis, By Connectivity
9.4. Bluetooth Smart AC Controller Market Size & Forecast (USD Million), 2019-2025
9.5. IR Smart AC Controller Market Size & Forecast (USD Million), 2019-2025
9.6. Others Smart AC Controller Market Size & Forecast (USD Million), 2019-2025

10. Global Smart AC Controller Market Segmentation Analysis, By Usages
10.1. Introduction
10.2. Market Attractiveness, By Usages
10.3. BPS Analysis, By Usages
10.4. Split ACs Market Size & Forecast (USD Million), 2019-2025
10.5. Mobile ACs Market Size & Forecast (USD Million), 2019-2025
10.6. Window ACs Market Size & Forecast (USD Million), 2019-2025
10.7. Central ACs Market Size & Forecast (USD Million), 2019-2025
10.8. Portable ACs Market Size & Forecast (USD Million), 2019-2025

11. Global Smart AC Controller Market Segmentation Analysis, By Distribution Channel
11.1. Introduction
11.2. Market Attractiveness, By Distribution Channel
11.3. BPS Analysis, By Distribution Channel
11.4. Online Store Market Size & Forecast (USD Million), 2019-2025
11.5. Offline Store Market Size & Forecast (USD Million), 2019-2025

12. Global Smart AC Controller Market Segmentation Analysis, By Price range
12.1. Introduction
12.2. Market Attractiveness, By Price range
12.3. BPS Analysis, By Price range
12.4. High Market Size & Forecast (USD Million), 2019-2025
12.5. Medium Market Size & Forecast (USD Million), 2019-2025
12.6. Low Market Size & Forecast (USD Million), 2019-2025

13. Geographical Analysis
13.1. Introduction
13.2. North America Market Size & Forecast (USD Million), 2019-2025
13.2.1. By Connectivity
13.2.1.1. Introduction
13.2.1.2. Market Attractiveness, By Connectivity
13.2.1.3. BPS Analysis, By Connectivity
13.2.1.4. Bluetooth Smart AC Controller Market Size & Forecast (USD Million), 2019-2025
13.2.1.5. IR Smart AC Controller Market Size & Forecast (USD Million), 2019-2025
13.2.1.6. Others Smart AC Controller Market Size & Forecast (USD Million), 2019-2025
13.2.2. By Usages
13.2.2.1. Introduction
13.2.2.2. Market Attractiveness, By Usages
13.2.2.3. BPS Analysis, By Usages
13.2.2.4. Split ACs Market Size & Forecast (USD Million), 2019-2025
13.2.2.5. Mobile ACs Market Size & Forecast (USD Million), 2019-2025
13.2.2.6. Window ACs Market Size & Forecast (USD Million), 2019-2025
13.2.2.7. Central ACs Market Size & Forecast (USD Million), 2019-2025
13.2.2.8. Portable ACs Market Size & Forecast (USD Million), 2019-2025
13.2.3. By Distribution Channel
13.2.3.1. Introduction
13.2.3.2. Market Attractiveness, By Distribution Channel
13.2.3.3. BPS Analysis, By Distribution Channel
13.2.3.4. Online Store Market Size & Forecast (USD Million), 2019-2025
13.2.3.5. Offline Store Market Size & Forecast (USD Million), 2019-2025
13.2.4. By Price range
13.2.4.1. Introduction
13.2.4.2. Market Attractiveness, By Price range
13.2.4.3. BPS Analysis, By Price range
13.2.4.4. High Market Size & Forecast (USD Million), 2019-2025
13.2.4.5. Medium Market Size & Forecast (USD Million), 2019-2025
13.2.4.6. Low Market Size & Forecast (USD Million), 2019-2025
13.2.5. By Country
13.2.5.1. Market Attractiveness, By Country
13.2.5.2. BPS Analysis, By End-User
13.2.5.3. U.S. Market Size & Forecast (USD Million), 2019-2025
13.2.5.4. Canada Market Size & Forecast (USD Million), 2019-2025

13.3. Europe Market Size & Forecast (USD Million), 2019-2025
13.3.1. By Connectivity
13.3.1.1. Introduction
13.3.1.2. Market Attractiveness, By Connectivity
13.3.1.3. BPS Analysis, By Connectivity
13.3.1.4. Bluetooth Smart AC Controller Market Size & Forecast (USD Million), 2019-2025
13.3.1.5. IR Smart AC Controller Market Size & Forecast (USD Million), 2019-2025
13.3.1.6. Others Smart AC Controller Market Size & Forecast (USD Million), 2019-2025
13.3.2. By Usages
13.3.2.1. Introduction
13.3.2.2. Market Attractiveness, By Usages
13.3.2.3. BPS Analysis, By Usages
13.3.2.4. Split ACs Market Size & Forecast (USD Million), 2019-2025
13.3.2.5. Mobile ACs Market Size & Forecast (USD Million), 2019-2025
13.3.2.6. Window ACs Market Size & Forecast (USD Million), 2019-2025
13.3.2.7. Central ACs Market Size & Forecast (USD Million), 2019-2025
13.3.2.8. Portable ACs Market Size & Forecast (USD Million), 2019-2025
13.3.3. By Distribution Channel
13.3.3.1. Introduction
13.3.3.2. Market Attractiveness, By Distribution Channel
13.3.3.3. BPS Analysis, By Distribution Channel
13.3.3.4. Online Store Market Size & Forecast (USD Million), 2019-2025
13.3.3.5. Offline Store Market Size & Forecast (USD Million), 2019-2025
13.3.4. By Price range
13.3.4.1. Introduction
13.3.4.2. Market Attractiveness, By Price range
13.3.4.3. BPS Analysis, By Price range
13.3.4.4. High Market Size & Forecast (USD Million), 2019-2025
13.3.4.5. Medium Market Size & Forecast (USD Million), 2019-2025
13.3.4.6. Low Market Size & Forecast (USD Million), 2019-2025
13.3.5. By Country
13.3.5.1. Market Attractiveness, By Country
13.3.5.2. BPS Analysis, By Country
13.3.5.3. Germany Market Size & Forecast (USD Million), 2019-2025
13.3.5.4. United Kingdom Market Size & Forecast (USD Million), 2019-2025
13.3.5.5. France Market Size & Forecast (USD Million), 2019-2025
13.3.5.6. Italy Market Size & Forecast (USD Million), 2019-2025
13.3.5.7. Spain Market Size & Forecast (USD Million), 2019-2025
13.3.5.8. Russia Market Size & Forecast (USD Million), 2019-2025
13.3.5.9. Rest of Europe Market Size & Forecast (USD Million), 2019-2025

13.4. Asia Pacific Market Size & Forecast (USD Million), 2019-2025
13.4.1. By Connectivity
13.4.1.1. Introduction
13.4.1.2. Market Attractiveness, By Connectivity
13.4.1.3. BPS Analysis, By Connectivity
13.4.1.4. Bluetooth Smart AC Controller Market Size & Forecast (USD Million), 2019-2025
13.4.1.5. IR Smart AC Controller Market Size & Forecast (USD Million), 2019-2025
13.4.1.6. Others Smart AC Controller Market Size & Forecast (USD Million), 2019-2025
13.4.2. By Usages
13.4.2.1. Introduction
13.4.2.2. Market Attractiveness, By Usages
13.4.2.3. BPS Analysis, By Usages
13.4.2.4. Split ACs Market Size & Forecast (USD Million), 2019-2025
13.4.2.5. Mobile ACs Market Size & Forecast (USD Million), 2019-2025
13.4.2.6. Window ACs Market Size & Forecast (USD Million), 2019-2025
13.4.2.7. Central ACs Market Size & Forecast (USD Million), 2019-2025
13.4.2.8. Portable ACs Market Size & Forecast (USD Million), 2019-2025
13.4.3. By Distribution Channel
13.4.3.1. Introduction
13.4.3.2. Market Attractiveness, By Distribution Channel
13.4.3.3. BPS Analysis, By Distribution Channel
13.4.3.4. Online Store Market Size & Forecast (USD Million), 2019-2025
13.4.3.5. Offline Store Market Size & Forecast (USD Million), 2019-2025
13.4.4. By Price range
13.4.4.1. Introduction
13.4.4.2. Market Attractiveness, By Price range
13.4.4.3. BPS Analysis, By Price range
13.4.4.4. High Market Size & Forecast (USD Million), 2019-2025
13.4.4.5. Medium Market Size & Forecast (USD Million), 2019-2025
13.4.4.6. Low Market Size & Forecast (USD Million), 2019-2025
13.4.5. By Country
13.4.5.1. Market Attractiveness, By Country
13.4.5.2. BPS Analysis, By Country
13.4.5.3. China Market Size & Forecast (USD Million), 2019-2025
13.4.5.4. India Market Size & Forecast (USD Million), 2019-2025
13.4.5.5. Japan Market Size & Forecast (USD Million), 2019-2025
13.4.5.6. South Korea Market Size & Forecast (USD Million), 2019-2025
13.4.5.7. Indonesia Market Size & Forecast (USD Million), 2019-2025
13.4.5.8. Taiwan Market Size & Forecast (USD Million), 2019-2025
13.4.5.9. Australia Market Size & Forecast (USD Million), 2019-2025
13.4.5.10. New Zealand Market Size & Forecast (USD Million), 2019-2025
13.4.5.11. Rest of Asia Pacific Market Size & Forecast (USD Million), 2019-2025

13.5. Latin America Market Size & Forecast (USD Million), 2019-2025
13.5.1. By Connectivity
13.5.1.1. Introduction
13.5.1.2. Market Attractiveness, By Connectivity
13.5.1.3. BPS Analysis, By Connectivity
13.5.1.4. Bluetooth Smart AC Controller Market Size & Forecast (USD Million), 2019-2025
13.5.1.5. IR Smart AC Controller Market Size & Forecast (USD Million), 2019-2025
13.5.1.6. Others Smart AC Controller Market Size & Forecast (USD Million), 2019-2025
13.5.2. By Usages
13.5.2.1. Introduction
13.5.2.2. Market Attractiveness, By Usages
13.5.2.3. BPS Analysis, By Usages
13.5.2.4. Split ACs Market Size & Forecast (USD Million), 2019-2025
13.5.2.5. Mobile ACs Market Size & Forecast (USD Million), 2019-2025
13.5.2.6. Window ACs Market Size & Forecast (USD Million), 2019-2025
13.5.2.7. Central ACs Market Size & Forecast (USD Million), 2019-2025
13.5.2.8. Portable ACs Market Size & Forecast (USD Million), 2019-2025
13.5.3. By Distribution Channel
13.5.3.1. Introduction
13.5.3.2. Market Attractiveness, By Distribution Channel
13.5.3.3. BPS Analysis, By Distribution Channel
13.5.3.4. Online Store Market Size & Forecast (USD Million), 2019-2025
13.5.3.5. Offline Store Market Size & Forecast (USD Million), 2019-2025
13.5.4. By Price range
13.5.4.1. Introduction
13.5.4.2. Market Attractiveness, By Price range
13.5.4.3. BPS Analysis, By Price range
13.5.4.4. High Market Size & Forecast (USD Million), 2019-2025
13.5.4.5. Medium Market Size & Forecast (USD Million), 2019-2025
13.5.4.6. Low Market Size & Forecast (USD Million), 2019-2025
13.5.5. By Country
13.5.5.1. Market Attractiveness, By Country
13.5.5.2. BPS Analysis, By Country
13.5.5.3. Brazil Market Size & Forecast (USD Million), 2019-2025
13.5.5.4. Mexico Market Size & Forecast (USD Million), 2019-2025
13.5.5.5. Rest of Latin America Market Size & Forecast (USD Million), 2019-2025

13.6. Middle East & Africa Market Size & Forecast (USD Million), 2019-2025
13.6.1. By Connectivity
13.6.1.1. Introduction
13.6.1.2. Market Attractiveness, By Connectivity
13.6.1.3. BPS Analysis, By Connectivity
13.6.1.4. Bluetooth Smart AC Controller Market Size & Forecast (USD Million), 2019-2025
13.6.1.5. IR Smart AC Controller Market Size & Forecast (USD Million), 2019-2025
13.6.1.6. Others Smart AC Controller Market Size & Forecast (USD Million), 2019-2025
13.6.2. By Usages
13.6.2.1. Introduction
13.6.2.2. Market Attractiveness, By Usages
13.6.2.3. BPS Analysis, By Usages
13.6.2.4. Split ACs Market Size & Forecast (USD Million), 2019-2025
13.6.2.5. Mobile ACs Market Size & Forecast (USD Million), 2019-2025
13.6.2.6. Window ACs Market Size & Forecast (USD Million), 2019-2025
13.6.2.7. Central ACs Market Size & Forecast (USD Million), 2019-2025
13.6.2.8. Portable ACs Market Size & Forecast (USD Million), 2019-2025
13.6.3. By Distribution Channel
13.6.3.1. Introduction
13.6.3.2. Market Attractiveness, By Distribution Channel
13.6.3.3. BPS Analysis, By Distribution Channel
13.6.3.4. Online Store Market Size & Forecast (USD Million), 2019-2025
13.6.3.5. Offline Store Market Size & Forecast (USD Million), 2019-2025
13.6.4. By Price range
13.6.4.1. Introduction
13.6.4.2. Market Attractiveness, By Price range
13.6.4.3. BPS Analysis, By Price range
13.6.4.4. High Market Size & Forecast (USD Million), 2019-2025
13.6.4.5. Medium Market Size & Forecast (USD Million), 2019-2025
13.6.4.6. Low Market Size & Forecast (USD Million), 2019-2025
13.6.5. By Geography
13.6.5.1. Market Attractiveness, By Geography
13.6.5.2. BPS Analysis, By Geography
13.6.5.3. GCC Market Size & Forecast (USD Million), 2019-2025
13.6.5.4. North Africa Market Size & Forecast (USD Million), 2019-2025
13.6.5.5. South Africa Market Size & Forecast (USD Million), 2019-2025
13.6.5.6. Rest of Middle East & Africa Market Size & Forecast (USD Million), 2019-2025

14. Competitive Landscape
14.1. Market Share of Key Players
14.2. Market Positioning of Major Players in Global Smart AC Controller Market
14.3. Company Profiles
14.3.1. Tado
14.3.2. Sensibo
14.3.3. LG Electronics Inc.
14.3.4. Honeywell Inc.
14.3.5. Airpatrol
14.3.6. Cielo
14.3.7. Thinkeco Inc.
14.3.8. Nest
14.3.9. Ecobee
14.3.10. Ambi Climate
14.3.11. Other Major & Niche Key Players