Smart Cooling Systems Market Demand to Reduce Energy Consumption

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Opportunity Analysis and Industry Forecast,
2016-2023
Smart Cooling Systems Market
Smart Cooling Systems Market Demand to Reduce
Energy Consumption
Global Opportunity Analysis and Industry
Forecast, 2014-2022
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Smart cooling system comprises smart
air-conditioners and smart refrigerators. These
cooling systems are autonomous and can be easily
monitored, controlled, and optimized from remote
location via any connected devices such as
tablets and smartphones. These systems find
applications in residential, commercial, and
industrial sector. Changing lifestyle and
consumer shift towards smart or connected
products have encouraged prominent players to
bring innovation in the wireless communication
and connectivity technology. In addition, the
demand for smart cooling systems is gaining
traction especially from residential and
commercial sectors owing to increase in need for
effective and efficient cooling systems in smart
cities and data centers, respectively. This
trend is projected to continue in the future and
drive the market growth.
INTRODUCTION
Smart Cooling System Market
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TOP IMPACTING FACTORS
Smart Cooling System Market
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Technological advancement and increased
awareness. Changing Lifestyle and consumer shift
towards smart cooling systems. Increase in
adoption of smart cooling systems. Rise in
demand for efficient smart cooling systems. High
initial investment. Lack of supportive programs
especially in emerging markets. 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
Smart Cooling System Market
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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. Porters 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 Benefits
Smart Cooling System Market
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The smart split AC segment dominated the smart
cooling systems industry in 2014, and is expected
to grow at the highest CAGR. Among system types,
the smart chiller segment is projected to create
significant growth opportunities for prominent
players operating in the global market. Europe
dominated the global market in 2014, however by
2022, Asia-Pacific is projected to surpass Europe
in terms of adoption of smart cooling
systems. U.S. was leading in terms of spending
on smart cooling systems in 2014, followed by
Germany. In addition, India, China, and other
emerging markets are projected to provide
significant opportunities for major players
operating in the market.
Key Findings
Smart Cooling System Market
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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. Some of the
key players operating in the smart cooling
systems market 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.
Opportunities and Key Players
Smart Cooling System Market
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Smart Cooling System Market
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