Smart Thermostat Market will Create Excellent Investment Opportunities | Major Players are Emerson Electric Co., Ecobee, Honeywell International Inc., Johnson Controls, Nest Labs, Netatmo

Rapid adoption of smart infrastructure in residential and commercial infrastructure, penetration of IoT and AI based technologies, and in analysis creased use of smart technology in medical monitoring influences the smart thermostat market growth.

According to a recent report published by Allied Market Research, titled, " Smart Thermostat Market by Technology, Application, and End Use: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global smart thermostat market size was valued at $1.36 billion in 2018, and is projected to reach $8.78 billion by 2026, to register a CAGR of 26.0% during the smart thermostat market forecast.

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According to smart thermostat market trends, smart thermostats are installed with remote access software and programmed with artificial intelligence. This enables smart thermostats to get programmed for future schedules to control temperature as per the need of users. It also operates in a self-learning mode by the data its software collects over the period.

According to the smart thermostat market analysis, latest smart thermostat is integrated with Wi-Fi technology which allows wireless connectivity from remote devices. For instance, Honeywell 7-DAY programmable thermostat provide the consumer with WiFi connectivity that enables the HVAC systems to be controlled through remote access.

The smart thermostat industry is segmented on the basis of technology, application, end use, and region. By technology, it is categorized into WiFi, Infrared, Bluetooth, and others. By application, it is classified into split AC, window AC, portable AC, and others. The end use segment is divided into residential, commercial, industrial, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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The key players operating in the global Smart Thermostat Market are Emerson Electric Co., Ecobee, Honeywell International Inc., Johnson Controls, Nest Labs, Netatmo, Schneider Electric, Siemens AG, Tado and Zen Thermostat.

These key players adopted several strategies such as new product launch & development, acquisition, partnership & collaboration, and business expansion to increase the smart thermostat market share during the forecast period. For instance, Honeywell 7-DAY programmable thermostat provide the consumer with WiFi connectivity that enables the HVAC systems to be controlled through remote access.

Key offerings of the report:

o Key drivers & Opportunities:

Rapid adoption of smart infrastructure in residential and commercial
The penetration of IoT and AI based technologies
Increased use of smart technology in medical monitoring

o Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.

o Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.

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o Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.

Key market trends, growth factors and opportunities
Market size and forecast, by technology
Market size and forecast, by application
Market size and forecast, by end use
Market analysis by country

o Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.

TOP WINNING STRATEGIES

Top winning strategies, by year
Top winning strategies, by development
Top winning strategies, by company

PRODUCT MAPPING OF TOP 10 PLAYER
COMPETITIVE DASHBOARD
COMPETITIVE HEATMAP
KEY DEVELOPMENTS

New product launches& Development
Other developments

Read More: https://www.prnewswire.com/news-releases/smart-thermostat-market-to-reach-8-78-billion-globally-by-2026-at-26-0-cagr-says-allied-market-research-300973002.html

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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