The evolving lifestyle of consumers, especially in growing middle class population with their higher disposable incomes has driven them to adopt comfortable and luxurious consumer goods. Further, the rapid technology advancement coupled with the increasing acceptance of the consumers due to the useful features of smart AC controllers that are designed to make household life easier is anticipated to accelerate the growth of the smart ac controller market in near future.
The smart AC controller market accounted for USD 1,361.7 Million during 2017 and is predicted to reach noteworthy market valuation of USD 8,770.1 Million by the end of 2025, expanding at a CAGR of 26.0% during the forecast period 2018-2025.
In terms of market segmentation, the smart AC controller market is segmented by distribution channel into online and offline stores, out of which, the offline segment held the largest market share of around 68% during 2017 and is predicted to hold its dominant stance over the forecast period. In U.S., the offline segment is anticipated to achieve absolute $ opportunity of USD 447.1 Million between 2018 and 2025, whereas the online segment is expected to grow at a highest CAGR of 30.6%, in terms of market value over the forecast period.
The smart AC controller market is further divided by application into split AC, window AC, portable AC and others. Among these segments, the split AC segment in smart AC controller market accounted for dominant share of around 63% during 2017 and is projected to reach significant market valuation by the end of 2025 by expanding at a CAGR of 25.9% over the forecast period.
The Report titled “North America, Europe and Middle East & Africa Smart AC Controller Market Outlook: Industry Demand Analysis & Opportunity Assessment 2017–2025” also includes some prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
This report also studies existing competitive scenario of some of the key players of the smart AC controller market which includes profiling of tado° GmbH, Sensibo, Thinkeco Inc., Flair Smart Vent, Ambi Labs, Honeywell International Inc., Nest Labs, LG Electronics, Ecobee, Carrier Corporation and Intesis Software S.L.U.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “North America, Europe and Middle East & Africa Smart AC Controller Market Outlook 2025”, analyses the overall smart AC controller industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the smart AC controller market in the near future.