The Asia Pacific Smart Air Conditioning Market would witness market growth of 13.7% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Smart Air Conditioning Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,114.4 million by 2031. The Japan market is registering a CAGR of 13% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 14.4% during (2024 - 2031).
As smartphones, voice assistants (such as Amazon Alexa and Google Assistant), and smart home ecosystems continue to grow, consumers are increasingly adopting smart air conditioning systems that provide seamless control and automation. The ability to control the air conditioning remotely via a smartphone app or voice command offers unparalleled convenience and comfort.
Moreover, features such as geofencing, where the system automatically adjusts the temperature when users leave or return home, and scheduling, which allows users to set preferred temperatures for specific times of day, make these systems highly desirable. Several trends are shaping the market as consumer preferences evolve, and technological innovations continue to push the boundaries of what air conditioning systems can do.
The market is expanding rapidly, driven by increasing urbanization, technological advancements, and rising consumer demand for energy-efficient and connected cooling solutions. India and China, two of the largest markets in Asia, are key players in this growth. Government initiatives in India aimed at building smart cities and improving quality of life, along with China’s growing disposable income, are creating significant opportunities for smart air conditioning adoption.
Free Valuable Insights: The Global Smart Air Conditioning Market is Predict to reach USD 47.11 Billion by 2031, at a CAGR of 13.1%
Based on Application, the market is segmented into Residential Buildings, Commercial Buildings, and Industrial Buildings. Based on Product, the market is segmented into Temperature Control, Humidity Control, Ventilation Control, and Integrated Control. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- Daikin Industries Ltd.
- AB Electrolux
- Carrier Global Corporation
- Johnson Controls International PLC
- Mitsubishi Electric Corporation
- Panasonic Holdings Corporation
- Whirlpool Corporation
- Blue Star Limited
- Haier Smart Home Co., Ltd. (Haier Group Corporation)
- LG Electronics, Inc. (LG Corporation)
Asia Pacific Smart Air Conditioning Market Report Segmentation
By Application
- Residential Buildings
- Commercial Buildings
- Industrial Buildings
By Product
- Temperature Control
- Humidity Control
- Ventilation Control
- Integrated Control
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Smart Air Conditioning Market, by Application
1.4.2 Asia Pacific Smart Air Conditioning Market, by Product
1.4.3 Asia Pacific Smart Air Conditioning Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.2.4 Geographical Expansion
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2023, Jan – 2024, Dec) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. Asia Pacific Smart Air Conditioning Market by Application
5.1 Asia Pacific Residential Buildings Market by Country
5.2 Asia Pacific Commercial Buildings Market by Country
5.3 Asia Pacific Industrial Buildings Market by Country
Chapter 6. Asia Pacific Smart Air Conditioning Market by Product
6.1 Asia Pacific Temperature Control Market by Country
6.2 Asia Pacific Humidity Control Market by Country
6.3 Asia Pacific Ventilation Control Market by Country
6.4 Asia Pacific Integrated Control Market by Country
Chapter 7. Asia Pacific Smart Air Conditioning Market by Country
7.1 China Smart Air Conditioning Market
7.1.1 China Smart Air Conditioning Market by Application
7.1.2 China Smart Air Conditioning Market by Product
7.2 Japan Smart Air Conditioning Market
7.2.1 Japan Smart Air Conditioning Market by Application
7.2.2 Japan Smart Air Conditioning Market by Product
7.3 India Smart Air Conditioning Market
7.3.1 India Smart Air Conditioning Market by Application
7.3.2 India Smart Air Conditioning Market by Product
7.4 South Korea Smart Air Conditioning Market
7.4.1 South Korea Smart Air Conditioning Market by Application
7.4.2 South Korea Smart Air Conditioning Market by Product
7.5 Singapore Smart Air Conditioning Market
7.5.1 Singapore Smart Air Conditioning Market by Application
7.5.2 Singapore Smart Air Conditioning Market by Product
7.6 Malaysia Smart Air Conditioning Market
7.6.1 Malaysia Smart Air Conditioning Market by Application
7.6.2 Malaysia Smart Air Conditioning Market by Product
7.7 Rest of Asia Pacific Smart Air Conditioning Market
7.7.1 Rest of Asia Pacific Smart Air Conditioning Market by Application
7.7.2 Rest of Asia Pacific Smart Air Conditioning Market by Product
Chapter 8. Company Profiles
8.1 Daikin Industries Ltd.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.5.3 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 AB Electrolux
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 SWOT Analysis
8.3 Carrier Global Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.5.2 Geographical Expansions:
8.3.6 SWOT Analysis
8.4 Johnson Controls International PLC
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental & Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Product Launches and Product Expansions:
8.4.6 SWOT Analysis
8.5 Mitsubishi Electric Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 SWOT Analysis
8.6 Panasonic Holdings Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Product Launches and Product Expansions:
8.6.6 SWOT Analysis
8.7 Whirlpool Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Product Launches and Product Expansions:
8.7.6 SWOT Analysis
8.8 Blue Star Limited
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental Analysis
8.9 Haier Smart Home Co., Ltd. (Haier Group Corporation)
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 SWOT Analysis
8.10. LG Electronics, Inc. (LG Corporation)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional & Segmental Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Product Launches and Product Expansions:
8.10.6 SWOT Analysis
TABLE 1 Asia Pacific Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 2 Asia Pacific Smart Air Conditioning Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Air Conditioning Market
TABLE 4 Product Launches And Product Expansions– Smart Air Conditioning Market
TABLE 5 Acquisition and Mergers– Smart Air Conditioning Market
TABLE 6 Geographical Expansion– Smart Air Conditioning Market
TABLE 7 Asia Pacific Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 8 Asia Pacific Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 9 Asia Pacific Residential Buildings Market by Country, 2020 - 2023, USD Million
TABLE 10 Asia Pacific Residential Buildings Market by Country, 2024 - 2031, USD Million
TABLE 11 Asia Pacific Commercial Buildings Market by Country, 2020 - 2023, USD Million
TABLE 12 Asia Pacific Commercial Buildings Market by Country, 2024 - 2031, USD Million
TABLE 13 Asia Pacific Industrial Buildings Market by Country, 2020 - 2023, USD Million
TABLE 14 Asia Pacific Industrial Buildings Market by Country, 2024 - 2031, USD Million
TABLE 15 Asia Pacific Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 16 Asia Pacific Smart Air Conditioning Market by Product, 2024 - 2031, USD Million
TABLE 17 Asia Pacific Temperature Control Market by Country, 2020 - 2023, USD Million
TABLE 18 Asia Pacific Temperature Control Market by Country, 2024 - 2031, USD Million
TABLE 19 Asia Pacific Humidity Control Market by Country, 2020 - 2023, USD Million
TABLE 20 Asia Pacific Humidity Control Market by Country, 2024 - 2031, USD Million
TABLE 21 Asia Pacific Ventilation Control Market by Country, 2020 - 2023, USD Million
TABLE 22 Asia Pacific Ventilation Control Market by Country, 2024 - 2031, USD Million
TABLE 23 Asia Pacific Integrated Control Market by Country, 2020 - 2023, USD Million
TABLE 24 Asia Pacific Integrated Control Market by Country, 2024 - 2031, USD Million
TABLE 25 Asia Pacific Smart Air Conditioning Market by Country, 2020 - 2023, USD Million
TABLE 26 Asia Pacific Smart Air Conditioning Market by Country, 2024 - 2031, USD Million
TABLE 27 China Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 28 China Smart Air Conditioning Market, 2024 - 2031, USD Million
TABLE 29 China Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 30 China Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 31 China Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 32 China Smart Air Conditioning Market by Product, 2024 - 2031, USD Million
TABLE 33 Japan Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 34 Japan Smart Air Conditioning Market, 2024 - 2031, USD Million
TABLE 35 Japan Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 36 Japan Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 37 Japan Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 38 Japan Smart Air Conditioning Market by Product, 2024 - 2031, USD Million
TABLE 39 India Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 40 India Smart Air Conditioning Market, 2024 - 2031, USD Million
TABLE 41 India Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 42 India Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 43 India Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 44 India Smart Air Conditioning Market by Product, 2024 - 2031, USD Million
TABLE 45 South Korea Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 46 South Korea Smart Air Conditioning Market, 2024 - 2031, USD Million
TABLE 47 South Korea Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 48 South Korea Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 49 South Korea Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 50 South Korea Smart Air Conditioning Market by Product, 2024 - 2031, USD Million
TABLE 51 Singapore Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 52 Singapore Smart Air Conditioning Market, 2024 - 2031, USD Million
TABLE 53 Singapore Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 54 Singapore Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 55 Singapore Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 56 Singapore Smart Air Conditioning Market by Product, 2024 - 2031, USD Million
TABLE 57 Malaysia Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 58 Malaysia Smart Air Conditioning Market, 2024 - 2031, USD Million
TABLE 59 Malaysia Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 60 Malaysia Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 61 Malaysia Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 62 Malaysia Smart Air Conditioning Market by Product, 2024 - 2031, USD Million
TABLE 63 Rest of Asia Pacific Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 64 Rest of Asia Pacific Smart Air Conditioning Market, 2024 - 2031, USD Million
TABLE 65 Rest of Asia Pacific Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 66 Rest of Asia Pacific Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 67 Rest of Asia Pacific Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 68 Rest of Asia Pacific Smart Air Conditioning Market by Product, 2024 - 2031, USD Million
TABLE 69 Key Information – daikin industries ltd.
TABLE 70 Key Information – AB Electrolux
TABLE 71 Key Information – Carrier Global Corporation
TABLE 72 Key Information – Johnson Controls International PLC
TABLE 73 Key Information – Mitsubishi Electric Corporation
TABLE 74 Key Information – Panasonic Holdings Corporation
TABLE 75 Key information – Whirlpool Corporation
TABLE 76 Key Information – Blue Star Limited
TABLE 77 key information – Haier Smart Home Co., Ltd.
TABLE 78 Key Information – LG Electronics, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Smart Air Conditioning Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Smart Air Conditioning Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Key Strategic Move: (Product Launches and Product Expansions : 2023, Jan – 2024, Dec) Leading Players
FIG 8 Porter’s Five Forces Analysis – Smart Air Conditioning Market
FIG 9 Asia Pacific Smart Air Conditioning Market share by Application, 2023
FIG 10 Asia Pacific Smart Air Conditioning Market share by Application, 2031
FIG 11 Asia Pacific Smart Air Conditioning Market by Application, 2020 - 2031, USD Million
FIG 12 Asia Pacific Smart Air Conditioning Market share by Product, 2023
FIG 13 Asia Pacific Smart Air Conditioning Market share by Product, 2031
FIG 14 Asia Pacific Smart Air Conditioning Market by Product, 2020 - 2031, USD Million
FIG 15 Asia Pacific Smart Air Conditioning Market share by Country, 2023
FIG 16 Asia Pacific Smart Air Conditioning Market share by Country, 2031
FIG 17 Asia Pacific Smart Air Conditioning Market by Country, 2020 - 2031, USD Million
FIG 18 Recent strategies and developments: Daikin Industries Ltd.
FIG 19 Swot Analysis: Daikin Industries Ltd.
FIG 20 SWOT Analysis: AB Electrolux
FIG 21 Recent strategies and developments: Carrier Global Corporation
FIG 22 Swot Analysis: Carrier Global Corporation
FIG 23 SWOT Analysis: Johnson Controls International PLC
FIG 24 SWOT Analysis: Mitsubishi Electric Corporation
FIG 25 Recent strategies and developments: Panasonic Holdings Corporation
FIG 26 SWOT Analysis: Panasonic Holdings Corporation
FIG 27 SWOT Analysis: Whirlpool Corporation
FIG 28 SWOT Analysis: Haier Smart Home Co., Ltd
FIG 29 SWOT Analysis: LG Electronics, Inc.
