Smart Cooling Systems Market Demand to Reduce Energy Consumption

1. Smart Cooling Systems Market Smart Cooling Systems Market Demand to Reduce Energy Consumption Opportunity Analysis and Industry Forecast, 2016-2023 Global Opportunity Analysis and Industry Forecast, 2014-2022

2. INTRODUCTION 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. Smart Cooling System Market

3. TOP IMPACTING FACTORS Get Sample PDF Brochure: https://www.alliedmarketresearch.com/request- sample/1825 Smart Cooling System Market

4. TOP IMPACTING FACTORS 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. Smart Cooling System Market

5. 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. Smart Cooling System Market

6. Key Findings 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. Smart Cooling System Market

7. Opportunities and Key Players 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. Smart Cooling System Market

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