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Smart Cooling Systems Market by Type ( Smart split ACs, Smart chillers, Smart AHU (air handling unit), Smart windows ACs) - Global Opportunity Analysis and Industry Forecast, 2014-2022

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IC_161825
Pages: 120
Dec 2016 | 2442 Views
 
Author's : Sumeet Pal
Tables: 25
Charts: 29
 
Smart cooling system consists of smart refrigerators and smart air-conditioners. End users can easily monitor, control and optimize these cooling systems from remote location via any connected devices. Smart cooling system is projected to huge growth potential for prominent players due to increase in number of internet and smart products users.

Among types, the smart split ACs segment was the highest segment in terms of smart cooling systems market share contribution in 2014. Furthermore, among regions, Asia-Pacific region is projected to surpass European market in terms of smart cooling systems market size.
 
The prominent players of the market across the globe include Mitsubishi Electric Corporation, LG Electronics Ltd., Samsung Electronics Co. Ltd., Videocon Industries Ltd., Daikin Industries Ltd., Voltas Ltd., Fujitsu General Ltd., Blue Star Ltd., Friedrich Air Conditioning Co., Ltd., and Electrolux AB.

Segment Overview

The global smart cooling systems market is segmented based on type and geography. Based on the type, the market is divided into smart split ACs, smart chillers, smart AHU (air handling unit), smart windows ACs, and others (portables ACs, fan coils, refrigerator, indoor packaged, and rooftops ACs). Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
 
TOP IMPACTING FACTORS

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Technological advancement and increased awareness

Key players manufacturing and offering smart cooling systems have identified considerable amount of growth opportunities in the market and tend to invest significant share of their annual revenue on the development of communication technologies to enhance the user experience and minimize the communication error from remote locations. In addition, they have invested considerable amount on product promotions which enabled them to spread awareness among end users regarding the product adoption.

Changing Lifestyle and consumer shift towards smart cooling systems

There has been a shift in consumer product preferences from conventional cooling systems to smart cooling systems. This is majorly attributed to benefits offered by smart cooling systems along with significant increase in per capita income, and purchasing power parity especially in emerging markets such as India. Furthermore, this trend is projected to continue throughout the forecast period and drive the market growth.

Increase in adoption of smart cooling systems

The adoption of smart or connected products have increased at a radical rate. This is attributed to the continuous advancement in communication technologies along with increased awareness among end users about key benefits of smart products such as smartphones, tablets, smart air-conditioners, and smart refrigerators. Furthermore, these smart products have enabled users to easily monitor, control, and optimize their devices from anywhere.

Rise in demand for efficient smart cooling systems

The demand for smart cooling systems is gaining traction especially from residential and commercial sectors owing to increase in need for efficient cooling systems in smart cities and data centers, respectively. This trend is projected to continue in the future and drive the market growth throughout the forecast period.

High initial investment

Installation of smart cooling systems requires high initial investment. In addition, replacement of conventional cooling also increases the cost. This limits small organizations and residential users to switch from older cooling system to smart cooling systems. Thus, it could hinder the market growth to some extent.

Lack of supportive programs especially in emerging markets

Developing countries such as Africa and Algeria lag behind in terms of adoption of smart cooling systems due to lack of government initiatives to encourage end users to invest into smart cooling systems. Further, low per capita income and lack of awareness about the benefits of smart cooling systems discourage the market growth.

Opportunities

Smart homes in emerging markets


Key players are projected to concentrate on introduction of smart cooling products for emerging markets. This is anticipated to increase the product penetration and enable key providers to establish themselves well in the emerging markets.

Tie-ups or long term contracts with government

Governments are focused towards introducing smart city plans and tend to spend huge amount for such initiatives. Further, prominent players offering smart cooling systems are projected to customize their smart cooling systems offering to win long-term contracts and gain competitive edge.

Key Benefits

  • The study provides an in-depth analysis of the global smart cooling systems market along with current trends and future estimations to elucidate the imminent investment pockets.
  • Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold in the smart cooling systems market.
  • The report provides information of key drivers, restraints, and opportunities along with their impact analysis.
  • Quantitative analysis of the current market and forecast for the period of 2014‐2022 is provided to highlight the financial appetency of the smart cooling systems market.
  • Porter’s Five Forces analysis illustrates the potency of buyers and suppliers that participate in the market.
  • Value chain analysis provides a clear understanding on the roles of stakeholders.

KEY MARKET SEGMENTS

The smart cooling systems market is segmented based on type and geography.

BY TYPE

  • Smart split ACs
  • Smart chillers
  • Smart AHU (air handling unit)
  • Smart windows ACs
  • Others (portables ACs, fan coils, refrigerator, indoor packaged, and rooftops ACs)

BY GEOGRAPHY

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Singapore
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

KEY MARKET PLAYERS PROFILED IN THE REPORT

  • Blue Star Ltd.
  • Daikin Industries Ltd.
  • Electrolux AB
  • Friedrich Air Conditioning Co., Ltd.
  • Fujitsu General Ltd.
  • LG Electronics Ltd.
  • Mitsubishi Electric Corporation
  • Samsung Electronics Co. Ltd.
  • Videocon Industries Ltd.
  • Voltas Ltd.
OTHER MARKET PLAYERS MENTIONED IN THE REPORT
Libelium Comunicaciones Distribuidas S.L, EpiSensor, Thingsee ‐ a Haltian Group company, and Wovyn, L.L.C.
 

Chapter: 1 INTRODUCTION

1.1. Report description
1.2. Key benefits
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO perspective

Chapter: 3 MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top impacting factors
3.2.2. Top investment pockets

3.3. Value-chain analysis

3.3.1. Raw material and components providers
3.3.2. Smart cooling system providers
3.3.3. Network providers
3.3.4. Platform providers
3.3.5. Distributors
3.3.6. End users

3.4. Porters five forces Analysis

3.4.1. Moderate bargaining power of suppliers
3.4.2. Moderate threat of new entrants
3.4.3. Low threat of substitutes
3.4.4. High competitive rivalry
3.4.5. Low bargaining power among buyers

3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Technological advancement and increased awareness
3.5.1.2. Changing Lifestyle and consumer shift towards smart cooling systems
3.5.1.3. Increase in adoption of smart cooling systems
3.5.1.4. Rise in demand for efficient smart cooling systems

3.5.2. Restraints

3.5.2.1. High initial investment
3.5.2.2. Lack of supportive programs especially in emerging markets

3.5.3. Opportunities

3.5.3.1. Smart homes in emerging markets
3.5.3.2. Tie-ups or long term contracts with government organizations

Chapter: 4 GLOBAL SMART COOLING SYSTEMS MARKET, BY TYPE

4.1. Overview
4.2. Smart split air-conditioners

4.2.1. Key market trends
4.2.2. Key growth factors & opportunities
4.2.3. Market size and forecast

4.3. Smart chillers

4.3.1. Key market trends
4.3.2. Key growth factors & opportunities
4.3.3. Market size and forecast

4.4. Smart air handling unit (AHU)

4.4.1. Key market trends
4.4.2. Key growth factors & opportunities
4.4.3. Market size and forecast

4.5. Smart windows air-conditioners (ACs)

4.5.1. Key market trends
4.5.2. Key growth factors & opportunities
4.5.3. Market size and forecast

4.6. Others (portables ACs, fan coils, refrigerator, indoor packaged, and rooftops ACs)

4.6.1. Key market trends
4.6.2. Key growth factors & opportunities
4.6.3. Market size and forecast

Chapter: 5 GLOBAL SMART COOLING SYSTEMS MARKET, BY GEOGRAPHY

5.1. Overview
5.2. North America

5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast

5.2.3.1. U.S.

5.2.3.1.1. Market size and forecast

5.2.3.2. Canada

5.2.3.2.1. Market size and forecast

5.2.3.3. Mexico

5.2.3.3.1. Market size and forecast

5.3. Europe

5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast

5.3.3.1. UK

5.3.3.1.1. Market size and forecast

5.3.3.2. Germany

5.3.3.2.1. Market size and forecast

5.3.3.3. France

5.3.3.3.1. Market size and forecast

5.3.3.4. Spain

5.3.3.4.1. Market size and forecast

5.3.3.5. Spain

5.3.3.5.1. Market size and forecast

5.3.3.6. Italy

5.3.3.6.1. Market size and forecast

5.3.3.7. Rest of Europe

5.3.3.7.1. Market size and forecast

5.4. Asia-Pacific

5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast

5.4.3.1. China

5.4.3.1.1. Market size and forecast

5.4.3.2. Japan

5.4.3.2.1. Market size and forecast

5.4.3.3. India

5.4.3.3.1. Market size and forecast

5.4.3.4. Singapore

5.4.3.4.1. Market size and forecast

5.4.3.5. South Korea

5.4.3.5.1. Market size and forecast

5.4.3.6. Rest of Asia-Pacific

5.4.3.6.1. Market size and forecast

5.5. LAMEA

5.5.1. Key market trends
5.5.2. Key growth factors and opportunities
5.5.3. Market size and forecast

5.5.3.1. Latin America

5.5.3.1.1. Market size and forecast

5.5.3.2. Middle East

5.5.3.2.1. Market size and forecast

5.5.3.3. Africa

5.5.3.3.1. Market size and forecast

Chapter: 6 COMPANY PROFILES

6.1. Blue Star Ltd.

6.1.1. Company overview
6.1.2. Company snapshot
6.1.3. Business performance
6.1.4. Key strategic moves and developments

6.2. Daikin Industries Ltd.

6.2.1. Company overview
6.2.2. Company snapshot
6.2.3. Business performance
6.2.4. Key strategic moves and developments

6.3. Electrolux AB

6.3.1. Company overview
6.3.2. Company snapshot
6.3.3. Business performance
6.3.4. Key strategic moves and developments

6.4. Friedrich Air Conditioning Co., Ltd.

6.4.1. Company overview
6.4.2. Company snapshot
6.4.3. Business performance
6.4.4. Key strategic moves and developments

6.5. Fujitsu General Ltd.

6.5.1. Company overview
6.5.2. Company snapshot
6.5.3. Business performance
6.5.4. Key strategic moves and developments

6.6. LG Electronics Ltd.

6.6.1. Company overview
6.6.2. Company snapshot
6.6.3. Business performance
6.6.4. Key strategic moves and developments

6.7. Mitsubishi Electric Corporation

6.7.1. Company overview
6.7.2. Company snapshot
6.7.3. Business performance
6.7.4. Key strategic moves and developments

6.8. Samsung Electronics Co. Ltd.

6.8.1. Company overview
6.8.2. Company snapshot
6.8.3. Business performance
6.8.4. Key strategic moves and developments

6.9. Videocon Industries Ltd.

6.9.1. Company overview
6.9.2. Company snapshot
6.9.3. Business performance
6.9.4. Key strategic moves and developments

6.10. Voltas Ltd.

6.10.1. Company overview
6.10.2. Company snapshot
6.10.3. Business performance
6.10.4. Key strategic moves and developments

LIST OF TABLES

TABLE 1. SMART COOLING SYSTEMS MARKET BY TYPE, 2014-2022 ($MILLION)
TABLE 2. SMART SPLIT ACS MARKET BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 3. SMART CHILLERS MARKET BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 4. SMART AHU MARKET BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 5. SMART WINDOWS ACS MARKET BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 6. OTHER SMART COOLING SYSTEMS MARKET BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 7. SMART COOLING SYSTEMS MARKET BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 8. NORTH AMERICA: SMART COOLING SYSTEMS MARKET BY TYPE, 2014-2022 ($MILLION)
TABLE 9. NORTH AMERICA: SMART COOLING SYSTEMS MARKET BY COUNTRY, 2014-2022 ($MILLION)
TABLE 10. EUROPE: SMART COOLING SYSTEMS MARKET BY TYPE, 2014-2022 ($MILLION)
TABLE 11. EUROPE: SMART COOLING SYSTEMS MARKET BY COUNTRY, 2014-2022 ($MILLION)
TABLE 12. ASIA-PACIFIC: SMART COOLING SYSTEMS MARKET TYPE, 2014-2022 ($MILLION)
TABLE 13. ASIA-PACIFIC: SMART COOLING SYSTEMS MARKET BY COUNTRY, 2014-2022 ($MILLION)
TABLE 14. LAMEA: SMART COOLING SYSTEMS MARKET TYPE, 2014-2022 ($MILLION)
TABLE 15. LAMEA: SMART COOLING SYSTEMS MARKET BY COUNTRY, 2014-2022 ($MILLION)
TABLE 16. COMPANY SNAPSHOT: BLUE STAR LTD.
TABLE 17. COMPANY SNAPSHOT: DAIKIN INDUSTRIES LTD.
TABLE 18. COMPANY SNAPSHOT: ELECTROLUX AB
TABLE 19. COMPANY SNAPSHOT: FRIEDRICH AIR CONDITIONING CO., LTD.
TABLE 20. COMPANY SNAPSHOT: FUJITSU GENERAL LTD.
TABLE 21. COMPANY SNAPSHOT: LG ELECTRONICS LTD.
TABLE 22. COMPANY SNAPSHOT: MITSUBISHI ELECTRIC CORPORATION
TABLE 23. COMPANY SNAPSHOT: SAMSUNG ELECTRONICS CO. LTD.
TABLE 24. COMPANY SNAPSHOT: VIDEOCON INDUSTRIES LTD.
TABLE 25. COMPANY SNAPSHOT: VOLTAS LTD.

LIST OF FIGURES

FIGURE 1. SMART COOLING SYSTEMS MARKET SEGMENTATION
FIGURE 2. TOP IMPACTING FACTORS
FIGURE 3. KEY INVESTMENT POCKETS
FIGURE 4. VALUE-CHAIN ANALYSIS OF SMART COOLING SYSTEMS MARKET
FIGURE 5. PORTERS FIVE FORCES ANALYSIS
FIGURE 6. GLOBAL SMART COOLING SYSTEMS MARKET BY TYPE, 2014-2022
FIGURE 7. GLOBAL SMART COOLING SYSTEMS MARKET BY GEOGRAPHY, 2014 (%)
FIGURE 8. NORTH AMERICA SMART COOLING SYSTEMS MARKET
FIGURE 9. U.S. SMART COOLING SYSTEMS MARKET, 2014-2022 ($MILLION)
FIGURE 10. CANADA SMART COOLING SYSTEMS MARKET, 2014-2022 ($MILLION)
FIGURE 11. MEXICO SMART COOLING SYSTEMS MARKET, 2014-2022 ($MILLION)
FIGURE 12. EUROPE SMART COOLING SYSTEMS MARKET
FIGURE 13. UK SMART COOLING SYSTEMS MARKET, 2014-2022
FIGURE 14. GERMANY SMART COOLING SYSTEMS MARKET, 2014-2022
FIGURE 15. FRANCE SMART COOLING SYSTEMS MARKET, 2014-2022
FIGURE 16. SPAIN SMART COOLING SYSTEMS MARKET, 2014-2022
FIGURE 17. ITALY SMART COOLING SYSTEMS MARKET, 2014-2022
FIGURE 18. REST OF EUROPE SMART COOLING SYSTEMS MARKET, 2014-2022
FIGURE 19. ASIA-PACIFIC SMART COOLING SYSTEMS MARKET, 2014
FIGURE 20. CHINA SMART COOLING SYSTEMS MARKET, 2014-2022
FIGURE 21. JAPAN SMART COOLING SYSTEMS MARKET, 2014-2022
FIGURE 22. INDIA SMART COOLING SYSTEMS MARKET, 2014-2022
FIGURE 23. SINGAPORE SMART COOLING SYSTEMS MARKET, 2014-2022
FIGURE 24. SOUTH KOREA SMART COOLING SYSTEMS MARKET, 2014-2022
FIGURE 25. REST OF ASIA-PACIFIC SMART COOLING SYSTEMS MARKET, 2014-2022
FIGURE 26. LAMEA SMART COOLING SYSTEMS MARKET
FIGURE 27. LATIN AMERICA SMART COOLING SYSTEMS MARKET, 2014-2022
FIGURE 28. MIDDLE EAST SMART COOLING SYSTEMS MARKET, 2014-2022
FIGURE 29. AFRICA SMART COOLING SYSTEMS MARKET, 2014-2022

 

The global smart cooling systems market is projected to witness healthy growth especially in Asia-Pacific and LAMEA, owing to the increased adoption of smart products, increase in number of internet users, and changing lifestyle. The market is projected to grow at a substantial CAGR of 52.4% during 2016–2022, owing to introduction of smart city projects in developed as well as developing regions.

Smart cooling systems have gained increased adoption in the residential, commercial, and industrial sector over the years. The growth in demand for remote monitoring, optimization & automation, and the need to reduce energy wastage & faults, has increased the demand for smart cooling systems in various sectors, as these systems enable power saving and control from any location. However, installation of smart cooling systems requires high initial investment. In addition, replacement of conventional cooling with a smart system further increases the cost. This limits small organizations and residential users to switch from older cooling system to smart cooling systems. Thus, it could hinder the market growth to some extent.

In North America, U.S. is the most attractive market and is projected to increase at a significant rate owing to the shift in consumer preferences and adoption of smart products over conventional products.

Key players are projected to concentrate on introduction of smart cooling products for emerging markets. This is anticipated to increase the product penetration and enable key providers to establish themselves in the emerging markets.

Governments are introducing smart city plans and spending huge amount towards it. Key players could sign long-terms contracts with these projects. Furthermore, prominent players offering smart cooling systems are projected to customize their smart cooling system offerings to win long-term contracts and gain competitive edge.

 

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