“Smart AC Controllers Market: Global Demand Analysis &
Opportunity Outlook 2024”
The global smart AC controller market is segmented into distribution channel
and region. Further, distribution channel segment is sub-segmented into direct
sales, distributors and E-business. Likely, E-business segment is predicted to
witness considerable growth during the forecast period due to increasing
penetration of smart phones and growing consumer’s preference for online
shopping.
Global smart AC controller market is expected to expand at a significant
compound annual growth rate over the forecast period. Moreover, the global
smart AC controller market is likely to reach at astonishing valuation by the end
of 2024. The market is expected to expand on the back of rising number of air
conditioning devices all across the globe. Growing disposable income of the
consumers and changing life style of middle class families are major factors
which are likely to bolster the growth of global smart AC controller market.
Regionally, the market is segmented into North America, Europe, Asia Pacific,
Latin America and Middle East & Africa region. Among these regions, Asia
Pacific is leading market for smart AC controls due to increasing disposable
income of the consumers coupled with increasing number of air conditioning
system users in this region. China is anticipated to contribute significantly in the
growth of smart AC controller market in Asia Pacific region owing to
presence of largest air conditioning system market in this country.
Rising energy saving concerns
The electronic devices such AC and refrigerators consume comparatively high
amount of electricity. Growing demand for energy efficient appliances and energy
saving solutions are key factors which are envisioned to drive the growth global
smart AC controller market in near future. Smart AC controllers also reduce over
consumption of electricity due to air conditioners. Further, this feature of smart
AC controllers is likely to augment the demand for smart AC controllers in near
future.
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