Lucintel's latest market report analyzed that smart air condition provides attractive opportunities in residential, commercial, and industrial applications. The smart air condition market is expected to reach $12.0 billion by 2028 with a CAGR of 11.0%. In this market, temperature control is the largest segment by system, whereas residential is largest by application.
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Based on system, the smart air condition market is segmented into temperature control, humidity control, ventilation control, and integrated control. The temperature control segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the evolution of monitoring systems and intelligent technology and adoption of natural refrigerants, like CO2.
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The Smart Air Condition Market is marked by the presence of several big and small players. Some of the prominent players offering smart air condition include Daikin Industries, LG Electronics, Haier, Mitsubishi Electric, Samsung Electronics, Hitachi, Voltas, FUJITSU GENERAL, Blue star, and Electrolux.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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