Smart air conditioning market size in China 2014-2023
In 2018, the smart air conditioning market size in China reached more than 62 billion yuan. By 2023, the market size was forecasted to grow to over 156 billion yuan. The increasing number of smart household appliances was part of a digitalization process within the Chinese electronics market. Building a smart home environment and offering the convenience that came along with it, was a core strategy of Chinese companies to create new value for their customers based on digital technology.