LONDON--(BUSINESS WIRE)--Technavio’s latest report on the global air conditioning market provides an analysis on the most important trends expected to impact the market outlook from 2016-2020. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
The top four emerging trends driving the global air conditioning market according to Technavio research analysts are:
- Increased popularity of smart thermostats
- Rapid adoption of inverter ACs
- Demand for integrated systems
- Introduction of air purifying technology
Increased popularity of smart thermostats
Smart thermostats such as Nest and Ecobee3 have witnessed increased popularity in both residential and commercial markets. These thermostats allow the monitoring of temperatures at home and in commercial spaces from mobile devices and PCs. The thermostats monitor humidity and temperature and alter cooling cycles, resulting in energy- and money-saving opportunities. These thermostats are further advancing in terms of technology.
“Tado launched the Smart AC Control in early 2015, a device that turns remote-controlled air conditioners into smart devices. This device works with over 85% of ACs globally, is connected through WIFI, and controls ACs using infrared technology. This is expected to maximize the efficiency of ACs and have a positive influence on the global air conditioning market,” says Abhay Sinha, a lead research analyst at Technavio for the home, kitchen, and large appliances industry.
Rapid adoption of inverter ACs
Inverter-type ACs reduce energy consumption by about 30% and are not as expensive to install compared to central air conditioning units, for which their adoption is increasing. They are incorporated with a variable speed compressor that switches off upon attaining the desired temperature and switches on when the temperature changes. In comparison to window air conditioners, they are cheaper to run by 30%-50% and occupy less space.
Japan has the highest ratio of inverter-type products, covering residential ACs. In Latin America and Europe, these products are gaining widespread popularity, and vendors such as Daikin are expanding their lineups to cater to this demand. Vendors have also introduced other features such as sleep-state technology, wherein a sensor detects when users fall asleep and controls the temperature settings for better comfort.
Demand for integrated systems
HVAC controls and building systems have become more integrated, driving demand among end-users who seek the benefits of streamlined systems such as lighting and access controls. This allows higher energy efficiency in managing building systems as it allows control from one interface. These systems facilitate the elimination of redundancy in systems and provide better occupant comfort, owing to better management. For instance, access controls integrated with HVAC controls allows the use of a single platform to monitor cooling and alter the cooling based on the number of people in the air conditioned environment. These systems have already gained popularity in commercial offices, and they are also gaining popularity in hotels, healthcare facilities, schools, and retail stores.
Introduction of air purifying technology
“Rising concerns related to the inhalation of polluted air have driven vendors to introduce separate air purifying technologies. Many vendors have integrated air purification systems in their air conditioners, eliminating the need to purchase a separate one. They contain multi-layered filtration and active technologies that rid the air of impurities,” says Abhay.
Panasonic has integrated Nanoe-G technology into its ACs, which makes air hygienic by neutralizing bacteria, viruses, and allergens through the release of small water molecules that have hydroxyl radicals. Daikin also introduced an air purifier that uses streamer discharge technology to remove unpleasant odors and allergens such as mites, mold, and pollen. This trend helps provide value-added benefits to consumers and differentiates vendors' products in the intensely competitive global air conditioning market.
Browse Related Reports:
- Heating Ventilation and Air Conditioning HVAC Systems in India 2015-2019
- Global Data Center Precision Air Conditioning Market 2015-2019
- Data Center Precision Air Conditioning Market in the Americas 2015-2019
Purchase these three reports for the price of one by becoming a Technavio subscriber. Subscribing to Technavio’s reports allows you to download any three reports per month for the price of one. Contact email@example.com with your requirements and a link to our subscription platform.
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.