Smart Thermostat Market Analysis and Value Forecast by End-use Industry 2015 - 2025: FMI Estimate

Global Smart
Thermostat Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015 – 2025
Future Market Insights
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Report
Description
Report Description
Smart thermostat is the type of device used for controlling the heating and air conditioning in
residential as well as commercial buildings. Smart thermostat allows user to control the
temperature of the room throughout the day using a schedule, for example setting different
temperature during the day time and night time. Smart thermostats are connected to with
internet which enables its user to control the heating setting using different internet connected
devices, like smartphones, tablets etc. It also allows user to easily switch on/off the heating or
air conditioning of room even when they are not inside home or office.
Smart Thermostat Market: Drivers and Restraint
The smart thermostat market is expected to grow rapidly over the period of forecast. Factors
which are responsible for the growth of global smart thermostat market are increasing
awareness among consumers about the various advantages of smart thermostats, technological
developments, growing urbanization, rising demand of connected homes or smart homes,
growing demand of energy efficient devices and availability of configurable and reconfigurable
thermostats.
On the other hand, factors which are restraining the growth of global smart thermostat market
are incorrect triggering of switches by sensors and incongruity issues in wireless networks.
However, demand for self-learning automated devices are expected to create great growth
opportunity for the growth of smart thermostat market over the forecast period.
Report
Description
Report Description
Smart Thermostat Market: Segmentation
The global smart thermostat market can be segmented on the basis of component, network
technology and application. On the basis of component, the global smart thermostat market can
be segmented into display, motion sensor, humidity sensor, temperature sensor and others.
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On the basis of network technology, the global smart thermostat market can be segmented into
wired technology and wireless technology. Wireless technology is expected to create great
growth opportunity for the growth of global smart thermostat sensor market. Wireless network
technology can be further sub segmented into Wi-Fi, Z-Wave, Zigbee and Bluetooth.
On the basis of application, the global smart thermostat market can be segmented into
residential, commercial, Industrial and others. Commercial application segment includes office
building, healthcare and retail etc. Other Segment includes educational buildings such as school
and colleges. Among all these application, residential applications are expected to grow
significantly over forecast period because of advancement in home automation technology,
growing demand of connected homes or smart homes and increasing awareness about energy
saving devices among consumers.
Report
Description
Report Description
Smart Thermostat Market: Region wise outlook
On the basis of region, the global smart thermostat market can be segmented into seven regions
which includes, North America, Latin America, Western Europe, Asia-Pacific (excluding Japan),
Eastern Europe, Japan and Middle East & Africa region. Further the market is sub-segmented as
per the major countries of each region in order to provide better regional analysis of the smart
thermostat market. Developed regions such as North America and Western Europe are expected
to dominate the market as demand of home and office automation is high in these regions.
However, Asia-Pacific region is expected to grow rapidly over forecast period.
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Smart Thermostat Market: Key Players
The major players in the global smart thermostat market are Nest Labs, Inc., Emerson Electric
Co., ecobee inc., tado° GmbH, Schneider Electric, Honeywell International Inc. and Carrier
Corporation. Key players are focusing on product innovations to provide advanced solutions to
consumers. For example, In September 2015, Nest Labs, Inc., announced the third generation of
Next Learning Thermostat which is slimmer in size, has a larger & high resolution screen and
updated user interface which makes it easy to read temperatures, messages and alerts.
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Smart thermostat is the type of device used for controlling the heating and air conditioning in residential as well as commercial buildings. Smart thermostat allows user to control the temperature of the room throughout the day using a schedule, for example setting different temperature during the day time and night time. Smart thermostats are connected to with internet which enables its user to control the heating setting using different internet connected devices, like smartphones, tablets etc. It also allows user to easily switch on/off the heating or air conditioning of room even when they are not inside home or office.