How big is the Smart Climate Control Market?

The Smart Climate Control Market size is expected to reach USD 7.13 billion in 2024 and grow at a CAGR of 16.85% to reach USD 15.53 billion by 2029. Read More

What is the current Smart Climate Control Market size?

In 2024, the Smart Climate Control Market size is expected to reach USD 7.13 billion. Read More

Who are the key players in Smart Climate Control Market?

Daikin Industries Ltd, Honeywell International Inc., Dyson Ltd, Unilever PLC (Blueair AB) and Koninklijke Philips NV are the major companies operating in the Smart Climate Control Market. Read More

Which is the fastest growing region in Smart Climate Control Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Smart Climate Control Market?

In 2024, the North America accounts for the largest market share in Smart Climate Control Market. Read More

What years does this Smart Climate Control Market cover, and what was the market size in 2023?

In 2023, the Smart Climate Control Market size was estimated at USD 5.93 billion. The report covers the Smart Climate Control Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Smart Climate Control Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Smart Climate Control Market Size & Share Analysis - Industry Research Report

Smart Climate Control Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Smart Climate Control Market Can Be Segmented by Product Type (Air Purifier, Smart Thermostat, Smart Sensors) and Geography (North America, Europe, Asia Pacific, Rest of the World). The Air Purifiers Market Can Be Segmented by Filtration Technology (High-Efficiency Particulate Air and Other Technologies), by Type (Standalone and In-Duct), and by Feature (Smart and Non-Smart). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Smart Climate Control Industry Overview

The market for smart climate control is concentrated with major giants, such as Daikin Industries Ltd, Honeywell Internation Inc., Unilever PLC, and Dyson Ltd, providing a range of climate control solutions globally. The market poses a high entry barrier in terms of both capital expenditure and government regulations. New entrants are required to invest in setting up manufacturing facilities, along with technological advancements, to keep track of the changes to remain relevant in the market.

In April 2023, the Chinese tech giant Xiaomi launched a pair of new smart air purifiers, with the first model being the Smart Air Purifier 4. The company's CMO, Anuj Sharma, unveiled this model, and it comes with a pre-filter, a True HEPA Filter, a new Activated Carbon Filter, and a Negative Air Ionizer. Furthermore, the Smart Air Purifier 4 also arrives with Filtration + TUV allergy care certifications & formaldehyde absorption technology. The model is designed to cover up to 516 square feet of area and offers a CADR (clean air delivery rate) of 400 meters cubic per hour.

In April 2023, Resideo Technologies, Inc., a global provider of solutions for home comfort, security, and safety introduced Honeywell Home T10+ Smart Thermostat Kits. The company enhanced its ENERGY STAR certified Honeywell Home T10 Pro Smart Thermostat that launched in 2019. The new thermostat offer additional control over three types of indoor air quality (IAQ) equipment simultaneously.