Smart thermostats are devices that can be used with home automation and are responsible for controlling a home's heating and/or air conditioning. They perform the same functions as a Programmable thermostat as they allow the user to control the temperature of their home throughout the day using a schedule, such as setting a different temperature at night.
Like a connected thermostat, they are connected to the Internet. They allow users to adjust heating settings from other internet-connected devices, such as smartphones. This allows users to easily adjust the temperature remotely. This ease of use is essential for ensuring energy savings: studies have shown that households with programmable thermostats actually have higher energy consumption than those with simple thermostats, because residents program them incorrectly or disable them completely.
The smart thermostat regulates heating and cooling operation in the residential and commercial building. The increasing popularity of smart homes and advantages offered by these like ease of use by cloud-based services and improved energy management by self-learning capabilities serves as some of the key factors augmenting the demand for smart thermostats.
Advanced sensor support like occupancy sensor, temperature sensor, and the need to control and manage these devices remotely using smartphones or other internet connected devices also provides ample growth opportunity for vendors of these thermostats over the forecast period. The North Americas is expected to hold a major share of this market, whereas Europe is expected to witness the highest growth during the forecast period.
According to this study, over the next five years the Smart Thermostats market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Smart Thermostats business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Smart Thermostats market by product type, application, key manufacturers and key regions and countries.
This study considers the Smart Thermostats value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
99$
100$-200$
Over 200$
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Residential
Office Building
Educational Institution
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Nest
Honeywell
Ecobee
Tado
Lux Products
Netatmo
Hive Home
Siemens
Emerson Electric
Vivint
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Smart Thermostats consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Smart Thermostats market by identifying its various subsegments.
Focuses on the key global Smart Thermostats manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Smart Thermostats with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Smart Thermostats submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Smart Thermostats . Industry analysis & Market Report on Smart Thermostats is a syndicated market report, published as Global Smart Thermostats Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Smart Thermostats market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.