Until a few years ago, when Xiaomi was mentioned, everyone thought of phones, but today it has turned into a brand that meets users in dozens of different areas, from electric cars to robot vacuum cleaners.
Xiaomi is Growing Rapidly in the Air Conditioning Industry
We shared with you that Xiaomi’s first electric vehicle was in high demand. Another area where the Chinese technology giant achieved success was air conditioners. Xiaomi sold 690 thousand air conditioners in the first quarter of 2024, an increase of 63 percent. Xiaomi entered the air conditioning market in 2021.
The company managed to sell more than 2 million air conditioners in its first year, increasing this number to 3 million in 2022. This means consistent annual growth of 50 percent. This consistency carried over to 2023, when air conditioner shipments reached 4.4 million units, an increase of 49% compared to the previous year.
Especially the second quarter of 2023 was very productive and there was an increase of over 90 percent in product shipments. In this context, Xiaomi is expected to sell more than 7 million air conditioners in 2024.
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Forecasts for Xiaomi air conditioners are so positive that they predict air conditioner shipments will surpass Xiaomi TVs by 2026. This shift will make air conditioners the biggest source of revenue for Xiaomi’s IoT business.
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