Market Share of Smart Climate Control Industry
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.
Smart Climate Control Market Leaders
Daikin Industries Ltd
Honeywell International Inc.
Dyson Ltd
Unilever PLC (Blueair AB)
Koninklijke Philips NV
*Disclaimer: Major Players sorted in no particular order
