Business Magazine on Market Research - Research Nester IT & Telecom, Electronics & Smart Devices | Page 12

SMART AC CONTRTOLLER MARKET

Global smart AC controllers market is anticipated to witness a robust growth over the forecast period 2017-2024. Rising growth of global air conditioning market is expected to propel the demand for smart AC controllers globally over the forecast period. In terms of region, global smart AC controllers market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, Asia-Pacific emerges as leading region in global smart AC device market due to the rising population density and increasing disposable income of the consumers. Further, heavy adoption of air conditioner in Asia Pacific region is expected to escalate the demand for smart AC controllers in this region over the forecast period.

Growth Drivers

Global smart AC controllers market is driven by various factors such as rising disposable income of consumers and their inclination towards luxurious life style. Smart AC device offers various features such as smartphone control and remote-free operation. Such factors are driving the growth of global smart AC controllers market.