Definition:
Smart AC & Heater Controls market covers devices that upgrade traditional heating and cooling systems by enabling automation and remote control for units that do not have built-in smart features. These devices act as a bridge between conventional HVAC systems and smart technology, providing a simple, cost-effective solution to modernize older units. Smart AC & Heater Controls can be connected via Wi-Fi, Bluetooth, or infrared, allowing users to manage climate settings through apps or smart home systems.Additional Information:
The market includes revenue, average revenue per smart home, number of smart homes, and household penetration rates. Sales are generated through both online and offline channels, with exclusive focus on consumer (B2C) spending. Key players in this market include Tado, Schneider, Sensibo, Bosch, and Honeywell, recognized for their innovative product designs and expansive global distribution networks. For more information on the data displayed, use the info button next to the boxes.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Oct 2024
Source: Statista Market Insights
Data coverage:
The data encompasses B2C enterprises. Figures are based on the sales of smart home products, excluding taxes.Modeling approach:
Market sizes are determined through a bottom-up approach, building on a specific rationale for each market category. As a basis for evaluating markets, we use the Statista Global Consumer Survey, market data from independent databases and third-party sources, and Statista interviews with market experts. In addition, we use relevant key market indicators and data from country-specific associations, such as household internet penetration and consumer spending for households. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting innovative products due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward smart home integration.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated once a year, in case market dynamics change we do more frequent updates.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights