Global Smart Thermostats Market Insights, Forecast to 2025
Table of Contents
1 Study Coverage
- 1.1 Smart Thermostats Product
- 1.2 Key Market Segments in This Study
- 1.3 Key Manufacturers Covered
- 1.4 Market by Type
- 1.4.1 Global Smart Thermostats Market Size Growth Rate by Type
- 1.4.2 99$
- 1.4.3 100$-200$
- 1.4.4 Over 200$
- 1.5 Market by Application
- 1.5.1 Global Smart Thermostats Market Size Growth Rate by Application
- 1.5.2 Residential
- 1.5.3 Office Building
- 1.5.4 Educational Institution
- 1.5.5 Others
- 1.6 Study Objectives
- 1.7 Years Considered
2 Executive Summary
- 2.1 Global Smart Thermostats Market Size
- 2.1.1 Global Smart Thermostats Revenue 2014-2025
- 2.1.2 Global Smart Thermostats Production 2014-2025
- 2.2 Smart Thermostats Growth Rate (CAGR) 2019-2025
- 2.3 Analysis of Competitive Landscape
- 2.3.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
- 2.3.2 Key Smart Thermostats Manufacturers
- 2.3.2.1 Smart Thermostats Manufacturing Base Distribution, Headquarters
- 2.3.2.2 Manufacturers Smart Thermostats Product Offered
- 2.3.2.3 Date of Manufacturers Enter into Smart Thermostats Market
- 2.4 Key Trends for Smart Thermostats Markets & Products
3 Market Size by Manufacturers
- 3.1 Smart Thermostats Production by Manufacturers
- 3.1.1 Smart Thermostats Production by Manufacturers
- 3.1.2 Smart Thermostats Production Market Share by Manufacturers
- 3.2 Smart Thermostats Revenue by Manufacturers
- 3.2.1 Smart Thermostats Revenue by Manufacturers (2014-2019)
- 3.2.2 Smart Thermostats Revenue Share by Manufacturers (2014-2019)
- 3.3 Smart Thermostats Price by Manufacturers
- 3.4 Mergers & Acquisitions, Expansion Plans
4 Smart Thermostats Production by Regions
- 4.1 Global Smart Thermostats Production by Regions
- 4.1.1 Global Smart Thermostats Production Market Share by Regions
- 4.1.2 Global Smart Thermostats Revenue Market Share by Regions
- 4.2 United States
- 4.2.1 United States Smart Thermostats Production
- 4.2.2 United States Smart Thermostats Revenue
- 4.2.3 Key Players in United States
- 4.2.4 United States Smart Thermostats Import & Export
- 4.3 Europe
- 4.3.1 Europe Smart Thermostats Production
- 4.3.2 Europe Smart Thermostats Revenue
- 4.3.3 Key Players in Europe
- 4.3.4 Europe Smart Thermostats Import & Export
- 4.4 China
- 4.4.1 China Smart Thermostats Production
- 4.4.2 China Smart Thermostats Revenue
- 4.4.3 Key Players in China
- 4.4.4 China Smart Thermostats Import & Export
- 4.5 Japan
- 4.5.1 Japan Smart Thermostats Production
- 4.5.2 Japan Smart Thermostats Revenue
- 4.5.3 Key Players in Japan
- 4.5.4 Japan Smart Thermostats Import & Export
- 4.6 South Korea
- 4.6.1 South Korea Smart Thermostats Production
- 4.6.2 South Korea Smart Thermostats Revenue
- 4.6.3 Key Players in South Korea
- 4.6.4 South Korea Smart Thermostats Import & Export
- 4.7 Other Regions
- 4.7.1 Taiwan
- 4.7.2 India
- 4.7.3 Southeast Asia
5 Smart Thermostats Consumption by Regions
- 5.1 Global Smart Thermostats Consumption by Regions
- 5.1.1 Global Smart Thermostats Consumption by Regions
- 5.1.2 Global Smart Thermostats Consumption Market Share by Regions
- 5.2 North America
- 5.2.1 North America Smart Thermostats Consumption by Application
- 5.2.2 North America Smart Thermostats Consumption by Countries
- 5.2.3 United States
- 5.2.4 Canada
- 5.2.5 Mexico
- 5.3 Europe
- 5.3.1 Europe Smart Thermostats Consumption by Application
- 5.3.2 Europe Smart Thermostats Consumption by Countries
- 5.3.3 Germany
- 5.3.4 France
- 5.3.5 UK
- 5.3.6 Italy
- 5.3.7 Russia
- 5.4 Asia Pacific
- 5.4.1 Asia Pacific Smart Thermostats Consumption by Application
- 5.4.2 Asia Pacific Smart Thermostats Consumption by Countries
- 5.4.3 China
- 5.4.4 Japan
- 5.4.5 South Korea
- 5.4.6 India
- 5.4.7 Australia
- 5.4.8 Indonesia
- 5.4.9 Thailand
- 5.4.10 Malaysia
- 5.4.11 Philippines
- 5.4.12 Vietnam
- 5.5 Central & South America
- 5.5.1 Central & South America Smart Thermostats Consumption by Application
- 5.5.2 Central & South America Smart Thermostats Consumption by Country
- 5.5.3 Brazil
- 5.6 Middle East and Africa
- 5.6.1 Middle East and Africa Smart Thermostats Consumption by Application
- 5.6.2 Middle East and Africa Smart Thermostats Consumption by Countries
- 5.6.3 GCC Countries
- 5.6.4 Egypt
- 5.6.5 South Africa
6 Market Size by Type
- 6.1 Global Smart Thermostats Production by Type
- 6.2 Global Smart Thermostats Revenue by Type
- 6.3 Smart Thermostats Price by Type
7 Market Size by Application
- 7.1 Overview
- 7.2 Global Smart Thermostats Breakdown Dada by Application
- 7.2.1 Global Smart Thermostats Consumption by Application
- 7.2.2 Global Smart Thermostats Consumption Market Share by Application (2014-2019)
8 Manufacturers Profiles
- 8.1 Nest
- 8.1.1 Nest Company Details
- 8.1.2 Company Overview
- 8.1.3 Nest Smart Thermostats Production Revenue and Gross Margin (2014-2019)
- 8.1.4 Nest Smart Thermostats Product Description
- 8.1.5 Nest Recent Development
- 8.2 Honeywell
- 8.2.1 Honeywell Company Details
- 8.2.2 Company Overview
- 8.2.3 Honeywell Smart Thermostats Production Revenue and Gross Margin (2014-2019)
- 8.2.4 Honeywell Smart Thermostats Product Description
- 8.2.5 Honeywell Recent Development
- 8.3 Ecobee
- 8.3.1 Ecobee Company Details
- 8.3.2 Company Overview
- 8.3.3 Ecobee Smart Thermostats Production Revenue and Gross Margin (2014-2019)
- 8.3.4 Ecobee Smart Thermostats Product Description
- 8.3.5 Ecobee Recent Development
- 8.4 Tado
- 8.4.1 Tado Company Details
- 8.4.2 Company Overview
- 8.4.3 Tado Smart Thermostats Production Revenue and Gross Margin (2014-2019)
- 8.4.4 Tado Smart Thermostats Product Description
- 8.4.5 Tado Recent Development
- 8.5 Lux Products
- 8.5.1 Lux Products Company Details
- 8.5.2 Company Overview
- 8.5.3 Lux Products Smart Thermostats Production Revenue and Gross Margin (2014-2019)
- 8.5.4 Lux Products Smart Thermostats Product Description
- 8.5.5 Lux Products Recent Development
- 8.6 Netatmo
- 8.6.1 Netatmo Company Details
- 8.6.2 Company Overview
- 8.6.3 Netatmo Smart Thermostats Production Revenue and Gross Margin (2014-2019)
- 8.6.4 Netatmo Smart Thermostats Product Description
- 8.6.5 Netatmo Recent Development
- 8.7 Hive Home
- 8.7.1 Hive Home Company Details
- 8.7.2 Company Overview
- 8.7.3 Hive Home Smart Thermostats Production Revenue and Gross Margin (2014-2019)
- 8.7.4 Hive Home Smart Thermostats Product Description
- 8.7.5 Hive Home Recent Development
- 8.8 Siemens
- 8.8.1 Siemens Company Details
- 8.8.2 Company Overview
- 8.8.3 Siemens Smart Thermostats Production Revenue and Gross Margin (2014-2019)
- 8.8.4 Siemens Smart Thermostats Product Description
- 8.8.5 Siemens Recent Development
- 8.9 Emerson Electric
- 8.9.1 Emerson Electric Company Details
- 8.9.2 Company Overview
- 8.9.3 Emerson Electric Smart Thermostats Production Revenue and Gross Margin (2014-2019)
- 8.9.4 Emerson Electric Smart Thermostats Product Description
- 8.9.5 Emerson Electric Recent Development
- 8.10 Vivint
- 8.10.1 Vivint Company Details
- 8.10.2 Company Overview
- 8.10.3 Vivint Smart Thermostats Production Revenue and Gross Margin (2014-2019)
- 8.10.4 Vivint Smart Thermostats Product Description
- 8.10.5 Vivint Recent Development
9 Production Forecasts
- 9.1 Smart Thermostats Production and Revenue Forecast
- 9.1.1 Global Smart Thermostats Production Forecast 2019-2025
- 9.1.2 Global Smart Thermostats Revenue Forecast 2019-2025
- 9.2 Smart Thermostats Production and Revenue Forecast by Regions
- 9.2.1 Global Smart Thermostats Revenue Forecast by Regions
- 9.2.2 Global Smart Thermostats Production Forecast by Regions
- 9.3 Smart Thermostats Key Producers Forecast
- 9.3.1 United States
- 9.3.2 Europe
- 9.3.3 China
- 9.3.4 Japan
- 9.3.5 South Korea
- 9.4 Forecast by Type
- 9.4.1 Global Smart Thermostats Production Forecast by Type
- 9.4.2 Global Smart Thermostats Revenue Forecast by Type
10 Consumption Forecast
- 10.1 Smart Thermostats Consumption Forecast by Application
- 10.2 Smart Thermostats Consumption Forecast by Regions
- 10.3 North America Market Consumption Forecast
- 10.3.1 North America Smart Thermostats Consumption Forecast by Regions 2019-2025
- 10.3.2 United States
- 10.3.3 Canada
- 10.3.4 Mexico
- 10.4 Europe Market Consumption Forecast
- 10.4.1 Europe Smart Thermostats Consumption Forecast by Regions 2019-2025
- 10.4.2 Germany
- 10.4.3 France
- 10.4.4 UK
- 10.4.5 Italy
- 10.4.6 Russia
- 10.5 Asia Pacific Market Consumption Forecast
- 10.5.1 Asia Pacific Smart Thermostats Consumption Forecast by Regions 2019-2025
- 10.5.2 China
- 10.5.3 Japan
- 10.5.4 South Korea
- 10.5.5 India
- 10.5.6 Australia
- 10.5.7 Indonesia
- 10.5.8 Thailand
- 10.5.9 Malaysia
- 10.5.10 Philippines
- 10.5.11 Vietnam
- 10.6 Central & South America Market Consumption Forecast
- 10.6.1 Central & South America Smart Thermostats Consumption Forecast by Regions 2019-2025
- 10.6.2 Brazil
- 10.7 Middle East and Africa Market Consumption Forecast
- 10.7.1 Middle East and Africa Smart Thermostats Consumption Forecast by Regions 2019-2025
- 10.7.2 GCC Countries
- 10.7.3 Egypt
- 10.7.4 South Africa
11 Value Chain and Sales Channels Analysis
- 11.1 Value Chain Analysis
- 11.2 Sales Channels Analysis
- 11.2.1 Smart Thermostats Sales Channels
- 11.2.2 Smart Thermostats Distributors
- 11.3 Smart Thermostats Customers
12 Market Opportunities & Challenges, Risks and Influences Factors Analysis
- 12.1 Market Opportunities and Drivers
- 12.2 Market Challenges
- 12.3 Market Risks/Restraints
13 Key Findings in the Global Smart Thermostats Study
14 Appendix
- 14.1 Research Methodology
- 14.1.1 Methodology/Research Approach
- 14.1.1.1 Research Programs/Design
- 14.1.1.2 Market Size Estimation
- 14.1.1.3 Market Breakdown and Data Triangulation
- 14.1.2 Data Source
- 14.1.2.1 Secondary Sources
- 14.1.2.2 Primary Sources
- 14.1.1 Methodology/Research Approach
- 14.2 Author Details
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.
The Smart Thermostats market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Smart Thermostats.
This report presents the worldwide Smart Thermostats market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Nest
Honeywell
Ecobee
Tado
Lux Products
Netatmo
Hive Home
Siemens
Emerson Electric
Vivint
Smart Thermostats Breakdown Data by Type
99$
100$-200$
Over 200$
Smart Thermostats Breakdown Data by Application
Residential
Office Building
Educational Institution
Others
Smart Thermostats Production by Region
United States
Europe
China
Japan
South Korea
Other Regions
Smart Thermostats Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Smart Thermostats status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Smart Thermostats manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Smart Thermostats :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Smart Thermostats market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.