The North America Smart Air Conditioning Market would witness market growth of 12.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America Smart Air Conditioning Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $11,379.3 million by 2031. The Canada market is exhibiting a CAGR of 15% during (2024 - 2031). Additionally, The Mexico market would experience a CAGR of 13.9% during (2024 - 2031).
Businesses and office buildings increasingly opt for smart air conditioning systems in the commercial sector to improve energy efficiency and reduce operating costs. These systems offer automated temperature control, real-time monitoring, and predictive maintenance, helping businesses optimize energy consumption and minimize downtime. Commercial spaces also benefit from advanced air quality control features, such as sensors that monitor humidity, carbon dioxide (CO2) levels, and particulate matter. These systems can adjust air quality in real-time, providing a healthier environment for employees and customers.
Moreover, smart air conditioning systems also enter industrial environments, particularly in factories and warehouses where temperature control is critical for operational efficiency and employee comfort. These systems help regulate temperatures in large spaces, ensuring that manufacturing processes and sensitive equipment remain within optimal operating conditions.
The rapid expansion of e-commerce is reshaping how Mexican consumers access and purchase smart home appliances, including smart air conditioners. Online platforms offer greater visibility and accessibility to smart cooling solutions, driving adoption among tech-savvy consumers. As e-commerce grows, manufacturers and retailers focus on online sales channels to reach a wider customer base, further boosting market growth. In summary, Canada’s rising construction investments and Mexico’s expanding e-commerce sector are driving the growth of the smart air conditioning market.
Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.
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)
North America 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
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Smart Air Conditioning Market, by Application
1.4.2 North America Smart Air Conditioning Market, by Product
1.4.3 North America 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. North America Smart Air Conditioning Market by Application
5.1 North America Residential Buildings Market by Country
5.2 North America Commercial Buildings Market by Country
5.3 North America Industrial Buildings Market by Country
Chapter 6. North America Smart Air Conditioning Market by Product
6.1 North America Temperature Control Market by Country
6.2 North America Humidity Control Market by Country
6.3 North America Ventilation Control Market by Country
6.4 North America Integrated Control Market by Country
Chapter 7. North America Smart Air Conditioning Market by Country
7.1 US Smart Air Conditioning Market
7.1.1 US Smart Air Conditioning Market by Application
7.1.2 US Smart Air Conditioning Market by Product
7.2 Canada Smart Air Conditioning Market
7.2.1 Canada Smart Air Conditioning Market by Application
7.2.2 Canada Smart Air Conditioning Market by Product
7.3 Mexico Smart Air Conditioning Market
7.3.1 Mexico Smart Air Conditioning Market by Application
7.3.2 Mexico Smart Air Conditioning Market by Product
7.4 Rest of North America Smart Air Conditioning Market
7.4.1 Rest of North America Smart Air Conditioning Market by Application
7.4.2 Rest of North America 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 North America Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 2 North America 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 North America Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 8 North America Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 9 North America Residential Buildings Market by Country, 2020 - 2023, USD Million
TABLE 10 North America Residential Buildings Market by Country, 2024 - 2031, USD Million
TABLE 11 North America Commercial Buildings Market by Country, 2020 - 2023, USD Million
TABLE 12 North America Commercial Buildings Market by Country, 2024 - 2031, USD Million
TABLE 13 North America Industrial Buildings Market by Country, 2020 - 2023, USD Million
TABLE 14 North America Industrial Buildings Market by Country, 2024 - 2031, USD Million
TABLE 15 North America Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 16 North America Smart Air Conditioning Market by Product, 2024 - 2031, USD Million
TABLE 17 North America Temperature Control Market by Country, 2020 - 2023, USD Million
TABLE 18 North America Temperature Control Market by Country, 2024 - 2031, USD Million
TABLE 19 North America Humidity Control Market by Country, 2020 - 2023, USD Million
TABLE 20 North America Humidity Control Market by Country, 2024 - 2031, USD Million
TABLE 21 North America Ventilation Control Market by Country, 2020 - 2023, USD Million
TABLE 22 North America Ventilation Control Market by Country, 2024 - 2031, USD Million
TABLE 23 North America Integrated Control Market by Country, 2020 - 2023, USD Million
TABLE 24 North America Integrated Control Market by Country, 2024 - 2031, USD Million
TABLE 25 North America Smart Air Conditioning Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Smart Air Conditioning Market by Country, 2024 - 2031, USD Million
TABLE 27 US Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 28 US Smart Air Conditioning Market, 2024 - 2031, USD Million
TABLE 29 US Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 30 US Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 31 US Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 32 US Smart Air Conditioning Market by Product, 2024 - 2031, USD Million
TABLE 33 Canada Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 34 Canada Smart Air Conditioning Market, 2024 - 2031, USD Million
TABLE 35 Canada Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 36 Canada Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 37 Canada Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 38 Canada Smart Air Conditioning Market by Product, 2024 - 2031, USD Million
TABLE 39 Mexico Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 40 Mexico Smart Air Conditioning Market, 2024 - 2031, USD Million
TABLE 41 Mexico Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 42 Mexico Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 43 Mexico Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 44 Mexico Smart Air Conditioning Market by Product, 2024 - 2031, USD Million
TABLE 45 Rest of North America Smart Air Conditioning Market, 2020 - 2023, USD Million
TABLE 46 Rest of North America Smart Air Conditioning Market, 2024 - 2031, USD Million
TABLE 47 Rest of North America Smart Air Conditioning Market by Application, 2020 - 2023, USD Million
TABLE 48 Rest of North America Smart Air Conditioning Market by Application, 2024 - 2031, USD Million
TABLE 49 Rest of North America Smart Air Conditioning Market by Product, 2020 - 2023, USD Million
TABLE 50 Rest of North America Smart Air Conditioning Market by Product, 2024 - 2031, USD Million
TABLE 51 Key Information – daikin industries ltd.
TABLE 52 Key Information – AB Electrolux
TABLE 53 Key Information – Carrier Global Corporation
TABLE 54 Key Information – Johnson Controls International PLC
TABLE 55 Key Information – Mitsubishi Electric Corporation
TABLE 56 Key Information – Panasonic Holdings Corporation
TABLE 57 Key information – Whirlpool Corporation
TABLE 58 Key Information – Blue Star Limited
TABLE 59 key information – Haier Smart Home Co., Ltd.
TABLE 60 Key Information – LG Electronics, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Smart Air Conditioning Market share by Application, 2023
FIG 10 North America Smart Air Conditioning Market share by Application, 2031
FIG 11 North America Smart Air Conditioning Market by Application, 2020 - 2031, USD Million
FIG 12 North America Smart Air Conditioning Market share by Product, 2023
FIG 13 North America Smart Air Conditioning Market share by Product, 2031
FIG 14 North America Smart Air Conditioning Market by Product, 2020 - 2031, USD Million
FIG 15 North America Smart Air Conditioning Market share by Country, 2023
FIG 16 North America Smart Air Conditioning Market share by Country, 2031
FIG 17 North America 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.
