Summary

India and Middle East Smart Air Conditioning Market Research Report by Component (Hardware, Software and Services), by Technology (NFC (Near Field Communication), IoT (Internet of Things), Artificial Intelligence (AI), Machine Learning (ML), Voice Control/Integration, Geofencing and Others), by Application (Residential, Commercial, Industrial and Government Buildings. Residential) Forecast to 2032

An Overview of the Market
Over the past few years, the India smart air conditioning market has grown dramatically, according to MRFR. It is anticipated to grow at a compound annual growth rate (CAGR) of 16.8% from 2024 to 2032 to reach USD 2,628.46 million by 2032, and the Middle East smart air conditioning market is anticipated to grow at a CAGR of 21.5% from 2024 to 2032 to reach USD 3,357.44 million.
One major advancement in climate control technology that offers improved comfort, energy efficiency, and consumer choice is the smart air conditioner. Unlike traditional AC units, smart AC systems' sensors and internet connectivity allow them to be monitored and controlled via smartphones and other smart devices. After learning about the environment and its users, these systems use machine learning algorithms to set up the right cooling cycles that consume the least amount of energy. This reduces the adverse environmental effects of energy waste while also resulting in cheap utility costs.
Additionally, smart AC systems can communicate with other smart home appliances, such as window sensors and thermostats, through integration with home automation systems, creating an integrated home climate management system. For example, geo-fencing enables the system to change the settings according to the homeowner's location, saving energy when the house is secured. The research on the smart air conditioning market offers comprehensive details on market size, competitive environment, growth prospects, and industry trends and dynamics.
Market Segment Insights
Components, technology, and application area have been used to segment the smart air conditioning market. The market is divided into hardware, software, and services based on the component. During the projected period, software is anticipated to expand at the highest compound annual growth rate (CAGR), while the hardware sector held the largest market share. NFC (Near Field Communication), IoT (Internet of Things), AI, ML, Voice Control/Integration, Geofencing, and other technologies have been separated out of the market based on technology. Throughout the forecast period, machine learning is anticipated to expand at the greatest CAGR, while the Internet of Things (IoT) accounted for the largest. The market is divided into government, commercial, residential, and industrial buildings based on the application area. During the projected period, the commercial segment is expected to develop at the highest CAGR, while the residential segment had the largest market share.
Principal Players
MRFR conducted an analysis of the key companies who made a substantial contribution to the expansion of the smart air conditioning market during the study. Among these are Johnson-Hitachi, Lloyd, Mitsubishi Corporation, LG, Haier, Panasonic Corporation, Bluestar, Daikin, and Voltas.

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Table of Contents

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 18
2 MARKET INTRODUCTION 20
2.1 DEFINITION 20
2.2 SCOPE OF THE STUDY 20
2.3 RESEARCH OBJECTIVE 20
2.4 MARKET STRUCTURE 21
3 RESEARCH METHODOLOGY 22
3.1 OVERVIEW 22
3.2 DATA FLOW 24
3.2.1 DATA MINING PROCESS 24
3.3 PURCHASED DATABASE: 25
3.4 SECONDARY SOURCES: 26
3.4.1 SECONDARY RESEARCH DATA FLOW: 27
3.5 PRIMARY RESEARCH: 28
3.5.1 PRIMARY RESEARCH DATA FLOW: 29
3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED 30
3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE 30
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: 31
3.6.1 REVENUE ANALYSIS APPROACH 31
3.7 DATA FORECASTING 32
3.7.1 DATA FORECASTING TECHNIQUE 32
3.8 DATA MODELING 33
3.8.1 MICROECONOMIC FACTOR ANALYSIS: 33
3.8.2 DATA MODELING: 34
3.9 TEAMS AND ANALYST CONTRIBUTION 36
4 MARKET DYNAMICS 38
4.1 INTRODUCTION 38
4.2 DRIVERS 38
4.2.1 RISING CONSUMER DEMAND FOR ENERGY EFFICIENCY AND COMFORT 38
4.2.2 INTEGRATION OF SMART TECHNOLOGY 39
4.2.3 GROWING DISPOSABLE INCOME 39
4.3 RESTRAINTS 40
4.3.1 HIGH INSTALLATION AND MAINTENANCE COSTS 40
4.3.2 LIMITED CONNECTIVITY AND INTEROPERABILITY 40
4.3.3 DATA SECURITY AND PRIVACY CONCERNS 41
4.4 OPPORTUNITY 42
4.4.1 ARTIFICIAL INTELLIGENCE (AI) AND MACHINE LEARNING 42
4.4.2 ENVIRONMENTAL REGULATIONS AND INCENTIVES FOR ENERGY EFFICIENCY 42
4.4.3 SMART HOME AUTOMATION FUELS DEMAND FOR SMART AC 42
4.5 COVID-19 IMPACT ANALYSIS 43
4.5.1 IMPACT ON SMART AIR CONDITIONING INDUSTRY 43
4.5.2 IMPACT ON SMART AIR CONDITIONING MARKET 43
4.5.3 IMPACT ON SUPPLY CHAIN OF SMART AIR CONDITIONING MARKET 44
4.5.4 IMPACT ON MARKET DEMAND OF SMART AIR CONDITIONING MARKET 44
4.5.5 IMPACT ON PRICING OF SMART AIR CONDITIONING MARKET 44
4.6 TECHNOLOGY AND INNOVATION TRENDS IN MARKET 45
4.6.1 ENERGY EFFICIENT AND ECO-FRIENDLY REFRIGERANTS 45
4.6.2 INVERTER AND DUAL INVERTER COMPRESSORS 45
4.6.3 IMPROVED FILTERS FOR BETTER INDOOR AIR QUALITY 45
4.6.4 SMART AND CONNECTED ACS 45
4.6.5 MULTI-SPLIT AND ZONED COOLING SYSTEMS 45
4.6.6 MODEL PREDICTIVE CONTROL AND AI 46
4.6.7 FOCUS ON HEALTH AND INDOOR AIR QUALITY 46
4.7 TECHNOLOGY AND INNOVATION TRENDS FROM PLAYERS (RECENT DEVELOPMENTS IN SMART AIR CONDITIONING) 46
4.7.1 IOT INTEGRATION AND SMART CONTROLS 46
4.7.2 ENERGY EFFICIENCY AND SUSTAINABILITY 46
4.7.3 ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING 47
4.7.4 INTEGRATION WITH SMART HOME ECOSYSTEMS 47
4.7.5 ENHANCED AIR QUALITY MANAGEMENT 47
4.7.6 SUSTAINABILITY AND ECO-FRIENDLY DESIGNS 48
4.7.7 CUSTOMIZATION AND USER-CENTRIC DESIGNS 48
5 MARKET FACTOR ANALYSIS 49
5.1 VALUE CHAIN ANALYSIS 49
5.1.1 R&D AND INNOVATION 49
5.1.2 RAW MATERIAL SOURCING 49
5.1.3 TECHNOLOGY DEVELOPMENT. 49
5.1.4 MANUFACTURING & ASSEMBLY 49
5.1.5 LOGISTICS AND DISTRIBUTION 50
5.1.6 END USERS 50
5.2 PORTER’S FIVE FORCES MODEL 51
5.2.1 THREAT OF NEW ENTRANTS 52
5.2.2 BARGAINING POWER OF SUPPLIERS 52
5.2.3 THREAT OF SUBSTITUTES 52
5.2.4 BARGAINING POWER OF BUYERS 52
5.2.5 INTENSITY OF RIVALRY 52
5.3 DO YOU EVER KNOWN ABOUT THE AUTO CLEAN TECHNOLOGY? 53
5.4 IN NOWADAYS, WHY DO THE AIR CONDITIONER TECHNOLOGY NOT HAVE THE AUTO CLEAN SYSTEM? (BECAUSE I NOTICED THAT HITACHI HAD IN A 2016 MODEL) 54
5.5 TRENDS FOR CITIES 55
5.5.1 MUMBAI 55
5.5.2 DELHI 55
5.5.3 BENGALURU 55
5.5.4 CHENNAI 55
5.5.5 HYDERABAD 56
5.5.6 PUNE 56
5.5.7 AHMEDABAD 56
5.5.8 KOLKATA 56
5.5.9 NOIDA 56
5.5.10 GURGAON (GURUGRAM) 57
5.6 TOP 10 CITIES IN INDIA SMART AIR CONDITIONING MARKET 57
6 INDIA SMART AIR CONDITIONING MARKET, BY COMPONENT 59
6.1 OVERVIEW 59
6.2 HARDWARE 60
6.3 SOFTWARE 60
6.4 SERVICES 60
7 INDIA SMART AIR CONDITIONING MARKET, BY TECHNOLOGY 61
7.1 INTRODUCTION 61
7.2 NFC (NEAR FIELD COMMUNICATION) 62
7.3 IOT (INTERNET OF THINGS) 62
7.4 ARTIFICIAL INTELLIGENCE (AI) 62
7.5 MACHINE LEARNING (ML) 63
7.6 VOICE CONTROL/INTEGRATION 63
7.7 GEOFENCING 63
7.8 OTHERS 63
8 INDIA SMART AIR CONDITIONING MARKET, BY APPLICATION AREA 64
8.1 INTRODUCTION 64
8.2 RESIDENTIAL 65
8.3 COMMERCIAL 65
8.4 INDUSTRIAL 65
8.5 GOVERNMENT BUILDINGS 65
9 INDIA SMART AIR CONDITIONING MARKET, BY REGION 66
9.1 OVERVIEW 66
9.2 INDIA 66
9.2.1 SOUTH INDIA 69
9.2.2 WEST INDIA 70
9.2.3 NORTH INDIA 71
9.2.4 EAST INDIA 73
10 MIDDLE EAST SMART AIR CONDITIONING MARKET, BY COMPONENT 75
10.1 OVERVIEW 75
11 MIDDLE EAST SMART AIR CONDITIONING MARKET, BY TECHNOLOGY 77
11.1 INTRODUCTION 77
12 MIDDLE EAST SMART AIR CONDITIONING MARKET, BY APPLICATION AREA 79
12.1 INTRODUCTION 79
13 MIDDLE EAST SMART AIR CONDITIONING MARKET, BY REGION 81
13.1 OVERVIEW 81
13.2 MIDDLE EAST 81
13.2.1 UAE 83
13.2.2 SAUDI ARABIA 84
13.2.3 QATAR 85
13.2.4 KUWAIT 87
13.2.5 REST OF MIDDLE EAST 88
14 COMPETITIVE LANDSCAPE 91
14.1 INTRODUCTION 91
14.2 COMPETITOR DASHBOARD 92
14.3 COMPANY MARKET SHARE ANALYSIS, 2023(%) 93
14.4 KEY DEVELOPMENTS & GROWTH STRATEGIES 94
14.4.1 NEW PRODUCT LAUNCH/ DEVELOPMENT 94
14.4.2 BUSINESS EXPANSION 97
15 COMPANY PROFILES 99
15.1 DAIKIN INDUSTRIES, LTD. 99
15.1.1 COMPANY OVERVIEW 99
15.1.2 FINANCIAL OVERVIEW 99
15.1.3 PRODUCTS OFFERED 100
15.1.4 KEY DEVELOPMENTS 101
15.1.5 SWOT ANALYSIS 101
15.1.6 KEY STRATEGIES: 102
15.2 PANASONIC CORPORATION 103
15.2.1 COMPANY OVERVIEW 103
15.2.2 FINANCIAL OVERVIEW 103
15.2.3 PRODUCTS OFFERED 104
15.2.4 KEY DEVELOPMENTS 105
15.2.5 SWOT ANALYSIS 105
15.2.6 KEY STRATEGIES: 106
15.3 MITSUBISHI ELECTRIC CORPORATION 107
15.3.1 COMPANY OVERVIEW 107
15.3.2 FINANCIAL OVERVIEW 107
15.3.3 PRODUCTS OFFERED 108
15.3.4 KEY DEVELOPMENTS 108
15.3.5 SWOT ANALYSIS 109
15.3.6 KEY STRATEGIES: 109
15.4 BLUE STAR LIMITED 110
15.4.1 COMPANY OVERVIEW 110
15.4.2 FINANCIAL OVERVIEW 111
15.4.3 PRODUCTS OFFERED 111
15.4.4 KEY DEVELOPMENTS 112
15.4.5 SWOT ANALYSIS 112
15.4.6 KEY STRATEGIES: 113
15.5 VOLTAS 114
15.5.1 COMPANY OVERVIEW 114
15.5.2 FINANCIAL OVERVIEW 114
15.5.3 PRODUCTS OFFERED 115
15.5.4 KEY DEVELOPMENTS 117
15.5.5 SWOT ANALYSIS 117
15.5.6 KEY STRATEGIES: 118
15.6 SAMSUNG ELECTRONICS CO LTD 119
15.6.1 COMPANY OVERVIEW 119
15.6.2 FINANCIAL OVERVIEW 119
15.6.3 PRODUCTS OFFERED 120
15.6.4 KEY DEVELOPMENTS 121
15.6.5 SWOT ANALYSIS 122
15.6.6 KEY STRATEGIES: 122
15.7 JOHNSON CONTROLS - HITACHI AIR CONDITIONING COMPANY 123
15.7.1 COMPANY OVERVIEW 123
15.7.2 FINANCIAL OVERVIEW 123
15.7.3 PRODUCTS/SOLUTIONS/SERVICES/SOLUTIONS/SERVICES OFFERED 124
15.7.4 KEY DEVELOPMENTS 125
15.7.5 SWOT ANALYSIS 125
15.7.6 KEY STRATEGIES 126
15.8 HAIER 127
15.8.1 COMPANY OVERVIEW 127
15.8.2 FINANCIAL OVERVIEW 128
15.8.3 PRODUCTS OFFERED 129
15.8.4 KEY DEVELOPMENTS 130
15.8.5 SWOT ANALYSIS 131
15.8.6 KEY STRATEGIES: 131
15.9 LLOYD (HAVELLS) 132
15.9.1 COMPANY OVERVIEW 132
15.9.2 FINANCIAL OVERVIEW 133
15.9.3 PRODUCTS OFFERED 133
15.9.4 KEY DEVELOPMENTS 134
15.9.5 SWOT ANALYSIS 135
15.9.6 KEY STRATEGIES: 135
15.10 LG ELECTRONICS 136
15.10.1 COMPANY OVERVIEW 136
15.10.2 FINANCIAL OVERVIEW 137
15.10.3 PRODUCTS OFFERED 138
15.10.4 KEY DEVELOPMENTS 139
15.10.5 SWOT ANALYSIS 140
15.10.6 KEY STRATEGIES: 140