Smart AC’s Statistics 2024 By Revenue and Users

Introduction

Smart AC’s Statistics: Are you thinking of investing in Smart ACs? Then you are on the right track because this article includes insights from various aspects that will shed light on how fast the market of Smart ACs is growing in today’s world. We all know smart technology provides lots of benefits in our daily lives. Similarly, some important advancements of smart ACs are effective connectivity systems that allow for improving energy management, and occupancy-based temperature adjustments, and also help in reducing operational costs.

A report published by Market Research Future has observed that the size of Smart Air Conditioning is expected to reach up to $46.39 billion by the end of 2032. Hope this paper will help in understanding the market well and a clear idea of Smart AC of your preference.

Editor’s Choice

• In 2023, the world’s smart air conditioning (AC) market was worth about $17.02 billion.
• It is expected to grow by 13.20% every year from 2023 to 2032.
• By 2027, the smart AC market will likely reach $23.5 billion, growing at a rate of 11.8% from 2021 to 2027.
• Smart ACs are popular because they save energy, are convenient, and have features that are good for health.
• The biggest market for smart ACs is in the Asia Pacific area, followed by North America and Europe in 2023.
• Big companies in the smart AC market include DAIKIN, Electrolux, Carrier, Hitachi, Mitsubishi Electric, Panasonic, and Voltas.
• As of March 2023, 20% of people in India liked LG smart ACs the best, and 14% preferred Samsung.
• Most users are between 25 to 34 years old, making up 27.27% of the market.
• The part of the market for split inverter smart ACs is expected to grow by 7.7% by 2028.
• The home use of smart ACs might grow by 8.5% each year for the next 7 years from 2023.
• The demand for smart AC controllers is predicted to increase by 13.2% from 2022 to 2027.

What are Smart ACs?

Smart ACs are termed smart air conditioners which can be integrated via advanced technology and enable effective connectivity features such as advanced cooling and heating systems. The advanced features also include remote control by using voice commands through smart assistants, Smartphones, computers, and other apps for monitoring heating, ventilation, and air conditioning systems.

Facts of Smart ACs

• The segmentation of global Smart ACs by product type includes Temperature control, Integrated control, humidity control, and ventilation control.
• The uses of Smart ACs are done in residential buildings, industrial buildings, and commercial buildings.
• According to Data Bridge Market Research analysis, the market size around the world is expected to be $40.59 billion by the end of 2023, at a CAGR of 12.5% from 2022 to 2030.
• As of 2023, in China Xiaomi has launched a new Smart AC termed as Mijia Air Conditioner Natural Wind 1.5hp.
• The top reasons for the smart ACs market growth are due to the availability of advanced technology like AC Controllers and Thermostats, which enable easy Access, improved comfort, energy saving, smart home integration, and maintenance alerts.
• The technological innovations in smart ACs are inverter technology and smart thermostats.
• The features of smart air conditioners are geofencing, smart weekly scheduling, smart home compatibility, smart AC modes, and usage details.

By Market Share

• According to analysis, the Smart Air conditioning market size is expected to grow up to $17.02 billion in 2023, which has increased from last year.
• In the coming year, the market size is predicted to grow spontaneously and by the end of 2032, the market size will be $46.39 billion.
• As of 2022, the segment of Smart ACs captured a share of 25% within the global market of smart home appliances.
• As of March 2023, the LG has launched an innovative Super Convertible 6-in-1 Ai+ Air Conditioners range.

By Type

• In a report published by News Net Media, the smart ACs market is segmented into types Split Air Conditioner, Window Inverter Air Conditioner, Chillers, Packaged Air Conditioner, and Central Air Conditioning Systems.
• By the end of 2031, the global market size is expected to reach around $ 210.4 billion with a CAGR of 4.4% from 2023 to 2031.
• The Market of the Smart Window Inverter Air Conditioner is predicted to grow by 11.8% of CAGR from 2023 to 2030.
• As of 2023, the global market size is accounted to be $ 11.57 billion and $17.21 billion with a CAGR of 4.51% during the forecasted period.
• Whereas, the packaged Air conditioner market size by 2028 is going to reach above $767.23 million at a growth rate of 12.76% of CAGR from 2023 to 2028.

By Application

(Source: marketresearchfuture.com)

• Based on the application segmentation, the market of Smart ACs includes commercial, industrial, and residential buildings.
• In which the commercial building is dominating over others with a market size of $10 billion in 2022 but is expected to reach above $40 billion by the end of 2032.

By Region

(Source: marketresearchfuture.com)

• The graph represents that in the year 2022, the market share of Smart ACs remained highest in the Asia-Pacific region with around $7 billion.
• It is expected that by the end of 2032, the market share of the region is going to be approximately $15 billion.
• The 2nd largest market share was covered by North America and the fastest-growing region is Europe.

By Web Traffic

By Country

(Source: similarweb.com)

• In the last 3 months from August to October 2023, the United States had 64.67% of total traffic on smartacsolutions.com, but it also recorded a decrease of 77.06% in total website visitors.
• Other countries have accounted for a part of all traffic to websites. This is followed by Canada = 6.3 percent (decreased by 3.06 percent), Bangladesh = 3.7 percent (increased by 81.98 percent), France =2.5%, India = 2.48% (80.99 percentage) as well and other countries contributed to the total number of websites visits of 20.34 percent.

By Age Distribution

(Reference: similarweb.com)

• As of October 2023, the Smart ACs Statistics by the demographic state that, the highest number of users observed is between the age group of 25 years to 34 years with a share of 27.27%.
• There is an 18.98% share of Smart AC users aged between 45 years to 54 years.
• 18.44% and 15.95% belong respectively to 35 years to 44 years and 55 years to 64 years.
• 13.19% of users are aged between 18 years to 24 years.
• And there are 6.17% of Smart AC users contributing from the age group of 65 years and above.
• As of reports, there are 58.57% male and 41.43% female users.

By Brands

(Reference: statista.com)

• As per Statista analysis in March 2023, In India, 20% of the respondents preferred using the LG brand 14% preferred the Samsung brand.
• Furthermore, other most popular brands of Smart ACs are followed by Voltas (10%), Daikin (9%), Godrej (9%), Whirlpool (8%), Blue Star (7%), Llyod (7%), Xiaomi (6%), Panasonic (5%), and Motorola (5%).

Advantages of Smart ACs

• The ultimate goals of Smart ACs are to simplify life along with providing comfort during different weather conditions. This can be controlled by smartphones, as well as voice commands.
• They can detect room temperature automatically and thus adjust temperature as per customer’s preferences.
• Also allows for saving energy, as in the United States 6% of electricity is required for air conditioners. Thus, smart AC units are the best if compared because they allow viewing info about energy usage and users can also set limits to keep track of bills.
• Now, people don’t have to wait for 20-30 minutes after returning home to enjoy the perfect temperature. Energy efficiency is another advantage by which users before entering the home can turn on the mode from apps or Smartphones.
• Error diagnosis and preventive maintenance help in tracking usage consequently along with predicting the time whenever a clean-up is required.
• The most essential advantage of using smart ACs is to reduce carbon footprint. Around the world climatic change has turned out to be a huge concern and in the United States 87% of homes are using ACs and yearly around 117 million metric tons of CO2 is released. The device Cielo Breez uses in Smart ACs allows for saving energy by around 25%.

Top Smart ACs, 2024

(Source: bigcommerce.com)

• The best low-profile design (GE Profile Clearview PHNT10 Smart Air Conditioner) costs around $529.
• Full window view design can be easily fitted within windows 20”-40” wide, 13” window opening height, and 10” minimum height from the floor.
• Inverter technology has been used which maximizes energy efficiency, operates smoothly at in different levels, and along with reducing noise (Ultra Quiet)
• The SmartHQ app and voice control commands are used for controlling and monitoring this Wi-Fi-enabled Smart AC from a distance.

(Source: amazon.com)

• Midea Duo Smart Inverter Portable Air Conditioner available at Amazon which costs around $649.
• The features are a high-efficiency inverter, ultra-quiet portable air conditioner, and cooling up to 550 Sq. Ft.
• This AC can be controlled by connecting through Alexa / Google Assistant, remote control, and window kit.

(Source: amazon.com)

• Midea 8,000 BTU U-Shaped Air Conditioner, this is super easy to install and available at Amazon for costs around $379.
• This smart inverter air conditioner cools up to 350 sq. ft., ultra quiet with open window flexibility.
• This AC works with Alexa / Google Assistant, energy saving by 35%, and enabling a remote control facility.

(Source: amazon.com)

• Windmill Air Conditioner is known as the most stylish design and is available at Amazon for around $319.
• Effective features are easy to install, usually a quiet system, energy efficient, available with side insulation, and auto-dimming LED Display.
• These smart ACs are controllable via app and voice command, 8,000 BTU.

(Source: hisense-usa.com)

• Hisense 10000-BTU Window AC Inverter WiFi (AW1023TW1W) is available at Hisense and costs $449.
• These air conditioners are best suitable for smaller rooms less than 45 Sq. Ft. The Hisense technology helps save electricity, reducing energy consumption along maintaining effective temperature.
• To turn on / off and adjust the temperature of this smart AC is controlled by the ConectLife app if available on a Smartphone.

Sensors Used In Smart ACs

(Source: faststreamtech.com)

• Smart air conditioners are the fusion of lots of sensors such as temperature, IR Blastor, humidity, motion detector, energy meter, Wi-Fi module, and HVAC operators.
• This sensor helps in collecting all effective data from rooms and apps allow for developing algorithms for HVAC operation which are energy savings.
• These all sensors help in generating accurate, consistent, and more dependable estimates and stop cooling the room if there is no one inside the room.

Conclusion

As of today, after completing the article on Smart AC’s Statistics it can be said that the global market size in coming years is going to enhance as the demands and usage are increasing. If you haven’t used a smart air conditioner till now, then I am suggesting you implement this smart device at your home.

Smart air conditioners are not only energy efficient but also help in reducing carbon footprint and can control the AC unit from wherever you are. This article includes many important statistics described above, which I hope will help you in understanding the topic effectively.

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