The Latin America, Middle East and Africa Smart Air Conditioning Market would witness market growth of 14.9% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Smart Air Conditioning Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $941.5 million by 2031. The Argentina market is registering a CAGR of 15.7% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 13.8% during (2024 - 2031).
The evolution of air conditioning systems has significantly progressed in recent years. Smart air conditioning systems, integrated with advanced technologies such as the Internet of Things (IoT), machine learning (ML), artificial intelligence (AI), and sensor technology, offer highly energy-efficient, user-friendly, and responsive climate control solutions. These systems represent a crucial shift from traditional HVAC (heating, ventilation, and air conditioning) technologies, providing automation and precision that enhances user experience and energy conservation.
Moreover, smart air conditioning systems are designed to optimize energy consumption, improve environmental conditions, and provide remote accessibility. By incorporating intelligent features, these systems can learn user preferences, adjust settings automatically, and integrate with other smart home devices for a seamless and efficient living environment.
The market is witnessing significant growth, driven by the increasing adoption of connected devices and expanding infrastructure. Countries like Nigeria and Saudi Arabia are emerging as key contributors to this market due to booming construction activities and large-scale infrastructure projects. According to the International Trade Administration (ITA), Nigeria’s construction industry grew by 5.7% in 2022, with an expected average growth rate of 3.2% from 2022 to 2026. This robust growth is attributed to increased government investment in housing, commercial infrastructure, and urban development. As modern buildings in Nigeria increasingly incorporate smart technologies for better energy efficiency and climate control, the demand for smart air conditioning systems is expected to rise.
Free Valuable Insights: The Worldwide Smart Air Conditioning Market is Projected 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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)
LAMEA 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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Smart Air Conditioning Market, by Application
1.4.2 LAMEA Smart Air Conditioning Market, by Product
1.4.3 LAMEA 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. LAMEA Smart Air Conditioning Market by Application
5.1 LAMEA Residential Buildings Market by Country
5.2 LAMEA Commercial Buildings Market by Country
5.3 LAMEA Industrial Buildings Market by Country
Chapter 6. LAMEA Smart Air Conditioning Market by Product
6.1 LAMEA Temperature Control Market by Country
6.2 LAMEA Humidity Control Market by Country
6.3 LAMEA Ventilation Control Market by Country
6.4 LAMEA Integrated Control Market by Country
Chapter 7. LAMEA Smart Air Conditioning Market by Country
7.1 Brazil Smart Air Conditioning Market
7.1.1 Brazil Smart Air Conditioning Market by Application
7.1.2 Brazil Smart Air Conditioning Market by Product
7.2 Argentina Smart Air Conditioning Market
7.2.1 Argentina Smart Air Conditioning Market by Application
7.2.2 Argentina Smart Air Conditioning Market by Product
7.3 UAE Smart Air Conditioning Market
7.3.1 UAE Smart Air Conditioning Market by Application
7.3.2 UAE Smart Air Conditioning Market by Product
7.4 Saudi Arabia Smart Air Conditioning Market
7.4.1 Saudi Arabia Smart Air Conditioning Market by Application
7.4.2 Saudi Arabia Smart Air Conditioning Market by Product
7.5 South Africa Smart Air Conditioning Market
7.5.1 South Africa Smart Air Conditioning Market by Application
7.5.2 South Africa Smart Air Conditioning Market by Product
7.6 Nigeria Smart Air Conditioning Market
7.6.1 Nigeria Smart Air Conditioning Market by Application
7.6.2 Nigeria Smart Air Conditioning Market by Product
7.7 Rest of LAMEA Smart Air Conditioning Market
7.7.1 Rest of LAMEA Smart Air Conditioning Market by Application
7.7.2 Rest of LAMEA 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 LAMEA Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 2 LAMEA 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 LAMEA Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 8 LAMEA Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 9 LAMEA Residential Buildings Market by Country, 2020 - 2023, USD Million
TABLE 10 LAMEA Residential Buildings Market by Country, 2024 - 2031, USD Million
TABLE 11 LAMEA Commercial Buildings Market by Country, 2020 - 2023, USD Million
TABLE 12 LAMEA Commercial Buildings Market by Country, 2024 - 2031, USD Million
TABLE 13 LAMEA Industrial Buildings Market by Country, 2020 - 2023, USD Million
TABLE 14 LAMEA Industrial Buildings Market by Country, 2024 - 2031, USD Million
TABLE 15 LAMEA Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 16 LAMEA Smart Air Conditioning Market by Product, 2024 - 2031, USD Million
TABLE 17 LAMEA Temperature Control Market by Country, 2020 - 2023, USD Million
TABLE 18 LAMEA Temperature Control Market by Country, 2024 - 2031, USD Million
TABLE 19 LAMEA Humidity Control Market by Country, 2020 - 2023, USD Million
TABLE 20 LAMEA Humidity Control Market by Country, 2024 - 2031, USD Million
TABLE 21 LAMEA Ventilation Control Market by Country, 2020 - 2023, USD Million
TABLE 22 LAMEA Ventilation Control Market by Country, 2024 - 2031, USD Million
TABLE 23 LAMEA Integrated Control Market by Country, 2020 - 2023, USD Million
TABLE 24 LAMEA Integrated Control Market by Country, 2024 - 2031, USD Million
TABLE 25 LAMEA Smart Air Conditioning Market by Country, 2020 - 2023, USD Million
TABLE 26 LAMEA Smart Air Conditioning Market by Country, 2024 - 2031, USD Million
TABLE 27 Brazil Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 28 Brazil Smart Air Conditioning Market, 2024 - 2031, USD Million
TABLE 29 Brazil Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 30 Brazil Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 31 Brazil Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 32 Brazil Smart Air Conditioning Market by Product, 2024 - 2031, USD Million
TABLE 33 Argentina Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 34 Argentina Smart Air Conditioning Market, 2024 - 2031, USD Million
TABLE 35 Argentina Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 36 Argentina Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 37 Argentina Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 38 Argentina Smart Air Conditioning Market by Product, 2024 - 2031, USD Million
TABLE 39 UAE Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 40 UAE Smart Air Conditioning Market, 2024 - 2031, USD Million
TABLE 41 UAE Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 42 UAE Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 43 UAE Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 44 UAE Smart Air Conditioning Market by Product, 2024 - 2031, USD Million
TABLE 45 Saudi Arabia Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 46 Saudi Arabia Smart Air Conditioning Market, 2024 - 2031, USD Million
TABLE 47 Saudi Arabia Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 48 Saudi Arabia Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 49 Saudi Arabia Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 50 Saudi Arabia Smart Air Conditioning Market by Product, 2024 - 2031, USD Million
TABLE 51 South Africa Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 52 South Africa Smart Air Conditioning Market, 2024 - 2031, USD Million
TABLE 53 South Africa Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 54 South Africa Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 55 South Africa Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 56 South Africa Smart Air Conditioning Market by Product, 2024 - 2031, USD Million
TABLE 57 Nigeria Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 58 Nigeria Smart Air Conditioning Market, 2024 - 2031, USD Million
TABLE 59 Nigeria Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 60 Nigeria Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 61 Nigeria Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 62 Nigeria Smart Air Conditioning Market by Product, 2024 - 2031, USD Million
TABLE 63 Rest of LAMEA Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 64 Rest of LAMEA Smart Air Conditioning Market, 2024 - 2031, USD Million
TABLE 65 Rest of LAMEA Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 66 Rest of LAMEA Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 67 Rest of LAMEA Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 68 Rest of LAMEA 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 LAMEA 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 LAMEA Smart Air Conditioning Market share by Application, 2023
FIG 10 LAMEA Smart Air Conditioning Market share by Application, 2031
FIG 11 LAMEA Smart Air Conditioning Market by Application, 2020 - 2031, USD Million
FIG 12 LAMEA Smart Air Conditioning Market share by Product, 2023
FIG 13 LAMEA Smart Air Conditioning Market share by Product, 2031
FIG 14 LAMEA Smart Air Conditioning Market by Product, 2020 - 2031, USD Million
FIG 15 LAMEA Smart Air Conditioning Market share by Country, 2023
FIG 16 LAMEA Smart Air Conditioning Market share by Country, 2031
FIG 17 LAMEA 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.
