Europe Smart Air Conditioning Market Size, Share & Trends Analysis Report By Application (Residential Buildings, Commercial Buildings, and Industrial Buildings), By Product, By Country and Growth Forecast, 2024 - 2031

The Europe Smart Air Conditioning Market would witness market growth of 12.9% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Smart Air Conditioning Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,030.4 million by 2031. The UK market is experiencing a CAGR of 12% during (2024 - 2031). Additionally, The France market would exhibit a CAGR of 13.8% during (2024 - 2031).

Incorporating AI and machine learning technologies into smart air conditioners enables systems to become more intelligent over time. These systems can learn user preferences and behaviours, predict future cooling needs, and adjust accordingly. For example, the system can adjust the cooling intensity based on occupancy patterns or outside temperature fluctuations.

Additionally, as climate change concerns continue to rise, energy efficiency has become a major focus in the market. Manufacturers are increasingly prioritizing the development of energy-efficient systems that consume less power while maintaining optimal performance. Some systems are designed to work with renewable energy sources, such as solar panels, to reduce environmental impact.

According to the International Data Corporation (IDC), the number of installed IoT-connected devices is projected to grow from 40 billion in 2023 to 49 billion by 2026, representing an annual growth rate of 7%. Europe’s strong focus on smart cities and green building initiatives makes it a key market for IoT-based solutions. Smart air conditioners, integrated with IoT technology, allow users to control and monitor cooling systems remotely, optimize energy consumption, and receive predictive maintenance alerts—all of which align with the European Union’s energy efficiency goals and sustainability standards.

Free Valuable Insights: The Global Smart Air Conditioning Market will Hit 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

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)

Europe 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

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Smart Air Conditioning Market, by Application
1.4.2 Europe Smart Air Conditioning Market, by Product
1.4.3 Europe 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. Europe Smart Air Conditioning Market by Application
5.1 Europe Residential Buildings Market by Country
5.2 Europe Commercial Buildings Market by Country
5.3 Europe Industrial Buildings Market by Country

Chapter 6. Europe Smart Air Conditioning Market by Product
6.1 Europe Temperature Control Market by Country
6.2 Europe Humidity Control Market by Country
6.3 Europe Ventilation Control Market by Country
6.4 Europe Integrated Control Market by Country

Chapter 7. Europe Smart Air Conditioning Market by Country
7.1 Germany Smart Air Conditioning Market
7.1.1 Germany Smart Air Conditioning Market by Application
7.1.2 Germany Smart Air Conditioning Market by Product
7.2 UK Smart Air Conditioning Market
7.2.1 UK Smart Air Conditioning Market by Application
7.2.2 UK Smart Air Conditioning Market by Product
7.3 France Smart Air Conditioning Market
7.3.1 France Smart Air Conditioning Market by Application
7.3.2 France Smart Air Conditioning Market by Product
7.4 Russia Smart Air Conditioning Market
7.4.1 Russia Smart Air Conditioning Market by Application
7.4.2 Russia Smart Air Conditioning Market by Product
7.5 Spain Smart Air Conditioning Market
7.5.1 Spain Smart Air Conditioning Market by Application
7.5.2 Spain Smart Air Conditioning Market by Product
7.6 Italy Smart Air Conditioning Market
7.6.1 Italy Smart Air Conditioning Market by Application
7.6.2 Italy Smart Air Conditioning Market by Product
7.7 Rest of Europe Smart Air Conditioning Market
7.7.1 Rest of Europe Smart Air Conditioning Market by Application
7.7.2 Rest of Europe 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 Europe Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 2 Europe 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 Europe Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 8 Europe Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 9 Europe Residential Buildings Market by Country, 2020 - 2023, USD Million
TABLE 10 Europe Residential Buildings Market by Country, 2024 - 2031, USD Million
TABLE 11 Europe Commercial Buildings Market by Country, 2020 - 2023, USD Million
TABLE 12 Europe Commercial Buildings Market by Country, 2024 - 2031, USD Million
TABLE 13 Europe Industrial Buildings Market by Country, 2020 - 2023, USD Million
TABLE 14 Europe Industrial Buildings Market by Country, 2024 - 2031, USD Million
TABLE 15 Europe Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 16 Europe Smart Air Conditioning Market by Product, 2024 - 2031, USD Million
TABLE 17 Europe Temperature Control Market by Country, 2020 - 2023, USD Million
TABLE 18 Europe Temperature Control Market by Country, 2024 - 2031, USD Million
TABLE 19 Europe Humidity Control Market by Country, 2020 - 2023, USD Million
TABLE 20 Europe Humidity Control Market by Country, 2024 - 2031, USD Million
TABLE 21 Europe Ventilation Control Market by Country, 2020 - 2023, USD Million
TABLE 22 Europe Ventilation Control Market by Country, 2024 - 2031, USD Million
TABLE 23 Europe Integrated Control Market by Country, 2020 - 2023, USD Million
TABLE 24 Europe Integrated Control Market by Country, 2024 - 2031, USD Million
TABLE 25 Europe Smart Air Conditioning Market by Country, 2020 - 2023, USD Million
TABLE 26 Europe Smart Air Conditioning Market by Country, 2024 - 2031, USD Million
TABLE 27 Germany Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 28 Germany Smart Air Conditioning Market, 2024 - 2031, USD Million
TABLE 29 Germany Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 30 Germany Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 31 Germany Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 32 Germany Smart Air Conditioning Market by Product, 2024 - 2031, USD Million
TABLE 33 UK Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 34 UK Smart Air Conditioning Market, 2024 - 2031, USD Million
TABLE 35 UK Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 36 UK Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 37 UK Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 38 UK Smart Air Conditioning Market by Product, 2024 - 2031, USD Million
TABLE 39 France Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 40 France Smart Air Conditioning Market, 2024 - 2031, USD Million
TABLE 41 France Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 42 France Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 43 France Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 44 France Smart Air Conditioning Market by Product, 2024 - 2031, USD Million
TABLE 45 Russia Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 46 Russia Smart Air Conditioning Market, 2024 - 2031, USD Million
TABLE 47 Russia Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 48 Russia Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 49 Russia Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 50 Russia Smart Air Conditioning Market by Product, 2024 - 2031, USD Million
TABLE 51 Spain Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 52 Spain Smart Air Conditioning Market, 2024 - 2031, USD Million
TABLE 53 Spain Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 54 Spain Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 55 Spain Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 56 Spain Smart Air Conditioning Market by Product, 2024 - 2031, USD Million
TABLE 57 Italy Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 58 Italy Smart Air Conditioning Market, 2024 - 2031, USD Million
TABLE 59 Italy Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 60 Italy Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 61 Italy Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 62 Italy Smart Air Conditioning Market by Product, 2024 - 2031, USD Million
TABLE 63 Rest of Europe Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 64 Rest of Europe Smart Air Conditioning Market, 2024 - 2031, USD Million
TABLE 65 Rest of Europe Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 66 Rest of Europe Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 67 Rest of Europe Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 68 Rest of Europe 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 Europe 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 Europe Smart Air Conditioning Market share by Application, 2023
FIG 10 Europe Smart Air Conditioning Market share by Application, 2031
FIG 11 Europe Smart Air Conditioning Market by Application, 2020 - 2031, USD Million
FIG 12 Europe Smart Air Conditioning Market share by Product, 2023
FIG 13 Europe Smart Air Conditioning Market share by Product, 2031
FIG 14 Europe Smart Air Conditioning Market by Product, 2020 - 2031, USD Million
FIG 15 Europe Smart Air Conditioning Market share by Country, 2023
FIG 16 Europe Smart Air Conditioning Market share by Country, 2031
FIG 17 Europe 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.