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The Global Smart AC Controller Market is Likely to Thrive at 11.7% CAGR During 2019 & 2024.

Global smart AC controller market witnessed a market value of USD 24,892.4 thousand in 2018 and is estimated to reach USD 46,617.2 thousand in 2024, registering a compound annual growth rate (CAGR) of 11.7% between 2019 and 2024. Energy savings and convenience are key to the adoption of a smart AC controller among consumers.

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 2017 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 very low and consumers in cold countries prefer thermostat over smart AC controllers. For instance, the sales of air conditioners in Europe was 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.

Global smart AC controller market is expected to reach USD 46,617.2 Thousand by the end of 2024 from USD 24,892.4 Thousand in 2018. Furthermore, the market of global smart AC controller will be receiving an opportunity of USD 19,832.9 Thousand between 2019 & 2024. In addition to this, the global smart AC controller market value is projected to witness a Y-O-Y growth of 14.7% in 2024 as compared to previous years. Growing interest from Chinese manufacturers to invest in connected appliances for value gains, rising disposable income of Chinese households and support from internet retailers and the government will drive adoption rates of smart AC controller in China.

With respect to usage, the market is segmented into the split ACs, mobile ACs, window ACs, central ACs and portable ACs, out of which, smart split AC controller segment shared approximately 73.4% of the global market in 2018.  Further, in the type segment, the standard melting Smart AC Controller segment is expected to be the most attractive market in the global smart AC controller market over the forecast period. Further, this segment is projected to open new avenues for the market players and to be the most lucrative market over the forecast period.

With respect to connectivity, the market is segmented into Bluetooth + IR, IR and others, out of which, IR smart AC controller shared approximately 83.2% of the global market in 2018. Bluetooth + IR connected smart AC controller captured 13.7% market shares in 2018. In the connectivity segment, IR smart AC controller is expected to maintain healthy growth, with a CAGR of 12.4% during 2019-2024. Growth in value terms is expected to be higher than the growth in volume terms.

Global smart AC controller market is also segmented by usage and distribution channel. Online store sales channel contributed 70.4% of share in 2018. In order to open global growth, internet retailers should prepare a robust catering strategy to connected appliance consumers. Smart AC controller manufacturers should expand internet retailing options for competitive differentiation to drive sales growth. According to KDMI, internet retailing is the most significant channel amongst all distribution channels for smart AC controller. Apart from computers, several Internet-connected devices, including smartphones and tablets are also driving the growth of hyper-connected consumers, As a result, it is not surprising to see shopping habits for home appliances moving away from traditional channels to online channels and especially in the emerging countries where there is fluid infrastructure development and sharp consumer price sensitivity.

In terms of geography, the smart AC controller market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific smart AC controller market was held at USD 13,703.0 thousand in 2018 and is anticipated to reach USD 26,082.1 thousand by the end of 2024. Asia Pacific smart AC controller market accounted for a market share of 55.0% in 2018 and further, is expected to stand at a market share of XX% by the end of 2024.

The key players profiled in the report include Tado, Airpatrol, Ambi Labs, and other major key players. These market players have adopted different business strategies, such as acquisition, product launch, merger, and partnership to stay competitive in the global market. Smart AC controller manufacturers are expanding their business into new markets in order to capture maximum possible consumers. The consumers across the globe are not fully aware of smart AC controllers, and to aware them, companies are launching their products in new markets. For instance, a U.S. based Europe based Tado GmbH announced the official market launch of its Smart AC Control in Singapore. This product launch helped the company to expand its business in Singapore and other nearby countries.

Market Segmentation:

By Connectivity
- Bluetooth + IR Smart AC Controller
- IR Smart AC Controller
- Others Smart AC Controller

By Usages
- Split ACs
- Mobile ACs
- Window ACs
- Central ACs
- Portable ACs

By Distribution Channel
- Online Store
- Offline Store

Regional Markets
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of the Middle East & Africa

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, 2017
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, (2017-2024)

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), 2017-2024
9.5. IR Smart AC Controller Market Size & Forecast (USD Million), 2017-2024
9.6. Others Smart AC Controller Market Size & Forecast (USD Million), 2017-2024

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), 2017-2024
10.5. Mobile ACs Market Size & Forecast (USD Million), 2017-2024
10.6. Window ACs Market Size & Forecast (USD Million), 2017-2024
10.7. Central ACs Market Size & Forecast (USD Million), 2017-2024
10.8. Portable ACs Market Size & Forecast (USD Million), 2017-2024

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), 2017-2024
11.5. Offline Store Market Size & Forecast (USD Million), 2017-2024

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), 2017-2024
12.5. Medium Market Size & Forecast (USD Million), 2017-2024
12.6. Low Market Size & Forecast (USD Million), 2017-2024

13. Geographical Analysis
13.1. Introduction
13.2. North America Market Size & Forecast (USD Million), 2017-2024
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), 2017-2024
13.2.1.5. IR Smart AC Controller Market Size & Forecast (USD Million), 2017-2024
13.2.1.6. Others Smart AC Controller Market Size & Forecast (USD Million), 2017-2024
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), 2017-2024
13.2.2.5. Mobile ACs Market Size & Forecast (USD Million), 2017-2024
13.2.2.6. Window ACs Market Size & Forecast (USD Million), 2017-2024
13.2.2.7. Central ACs Market Size & Forecast (USD Million), 2017-2024
13.2.2.8. Portable ACs Market Size & Forecast (USD Million), 2017-2024
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), 2017-2024
13.2.3.5. Offline Store Market Size & Forecast (USD Million), 2017-2024
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), 2017-2024
13.2.4.5. Medium Market Size & Forecast (USD Million), 2017-2024
13.2.4.6. Low Market Size & Forecast (USD Million), 2017-2024
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), 2017-2024
13.2.5.4. Canada Market Size & Forecast (USD Million), 2017-2024

13.3. Europe Market Size & Forecast (USD Million), 2017-2024
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), 2017-2024
13.3.1.5. IR Smart AC Controller Market Size & Forecast (USD Million), 2017-2024
13.3.1.6. Others Smart AC Controller Market Size & Forecast (USD Million), 2017-2024
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), 2017-2024
13.3.2.5. Mobile ACs Market Size & Forecast (USD Million), 2017-2024
13.3.2.6. Window ACs Market Size & Forecast (USD Million), 2017-2024
13.3.2.7. Central ACs Market Size & Forecast (USD Million), 2017-2024
13.3.2.8. Portable ACs Market Size & Forecast (USD Million), 2017-2024
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), 2017-2024
13.3.3.5. Offline Store Market Size & Forecast (USD Million), 2017-2024
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), 2017-2024
13.3.4.5. Medium Market Size & Forecast (USD Million), 2017-2024
13.3.4.6. Low Market Size & Forecast (USD Million), 2017-2024
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), 2017-2024
13.3.5.4. United Kingdom Market Size & Forecast (USD Million), 2017-2024
13.3.5.5. France Market Size & Forecast (USD Million), 2017-2024
13.3.5.6. Italy Market Size & Forecast (USD Million), 2017-2024
13.3.5.7. Spain Market Size & Forecast (USD Million), 2017-2024
13.3.5.8. Russia Market Size & Forecast (USD Million), 2017-2024
13.3.5.9. Rest of Europe Market Size & Forecast (USD Million), 2017-2024

13.4. Asia Pacific Market Size & Forecast (USD Million), 2017-2024
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), 2017-2024
13.4.1.5. IR Smart AC Controller Market Size & Forecast (USD Million), 2017-2024
13.4.1.6. Others Smart AC Controller Market Size & Forecast (USD Million), 2017-2024
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), 2017-2024
13.4.2.5. Mobile ACs Market Size & Forecast (USD Million), 2017-2024
13.4.2.6. Window ACs Market Size & Forecast (USD Million), 2017-2024
13.4.2.7. Central ACs Market Size & Forecast (USD Million), 2017-2024
13.4.2.8. Portable ACs Market Size & Forecast (USD Million), 2017-2024
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), 2017-2024
13.4.3.5. Offline Store Market Size & Forecast (USD Million), 2017-2024
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), 2017-2024
13.4.4.5. Medium Market Size & Forecast (USD Million), 2017-2024
13.4.4.6. Low Market Size & Forecast (USD Million), 2017-2024
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), 2017-2024
13.4.5.4. India Market Size & Forecast (USD Million), 2017-2024
13.4.5.5. Japan Market Size & Forecast (USD Million), 2017-2024
13.4.5.6. South Korea Market Size & Forecast (USD Million), 2017-2024
13.4.5.7. Indonesia Market Size & Forecast (USD Million), 2017-2024
13.4.5.8. Taiwan Market Size & Forecast (USD Million), 2017-2024
13.4.5.9. Australia Market Size & Forecast (USD Million), 2017-2024
13.4.5.10. New Zealand Market Size & Forecast (USD Million), 2017-2024
13.4.5.11. Rest of Asia Pacific Market Size & Forecast (USD Million), 2017-2024

13.5. Latin America Market Size & Forecast (USD Million), 2017-2024
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), 2017-2024
13.5.1.5. IR Smart AC Controller Market Size & Forecast (USD Million), 2017-2024
13.5.1.6. Others Smart AC Controller Market Size & Forecast (USD Million), 2017-2024
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), 2017-2024
13.5.2.5. Mobile ACs Market Size & Forecast (USD Million), 2017-2024
13.5.2.6. Window ACs Market Size & Forecast (USD Million), 2017-2024
13.5.2.7. Central ACs Market Size & Forecast (USD Million), 2017-2024
13.5.2.8. Portable ACs Market Size & Forecast (USD Million), 2017-2024
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), 2017-2024
13.5.3.5. Offline Store Market Size & Forecast (USD Million), 2017-2024
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), 2017-2024
13.5.4.5. Medium Market Size & Forecast (USD Million), 2017-2024
13.5.4.6. Low Market Size & Forecast (USD Million), 2017-2024
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), 2017-2024
13.5.5.4. Mexico Market Size & Forecast (USD Million), 2017-2024
13.5.5.5. Rest of Latin America Market Size & Forecast (USD Million), 2017-2024

13.6. Middle East & Africa Market Size & Forecast (USD Million), 2017-2024
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), 2017-2024
13.6.1.5. IR Smart AC Controller Market Size & Forecast (USD Million), 2017-2024
13.6.1.6. Others Smart AC Controller Market Size & Forecast (USD Million), 2017-2024
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), 2017-2024
13.6.2.5. Mobile ACs Market Size & Forecast (USD Million), 2017-2024
13.6.2.6. Window ACs Market Size & Forecast (USD Million), 2017-2024
13.6.2.7. Central ACs Market Size & Forecast (USD Million), 2017-2024
13.6.2.8. Portable ACs Market Size & Forecast (USD Million), 2017-2024
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), 2017-2024
13.6.3.5. Offline Store Market Size & Forecast (USD Million), 2017-2024
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), 2017-2024
13.6.4.5. Medium Market Size & Forecast (USD Million), 2017-2024
13.6.4.6. Low Market Size & Forecast (USD Million), 2017-2024
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), 2017-2024
13.6.5.4. North Africa Market Size & Forecast (USD Million), 2017-2024
13.6.5.5. South Africa Market Size & Forecast (USD Million), 2017-2024
13.6.5.6. Rest of Middle East & Africa Market Size & Forecast (USD Million), 2017-2024

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

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