openPR Logo
Press release

Smart Thermostats Market: Demand for Smart Thermostats to Intensify on Back of Smart Homes Trend

11-11-2016 11:24 AM CET | IT, New Media & Software

Press release from: TMR-SemiConductor Research

Smart Thermostats Market: Demand for Smart Thermostats

The need to reduce electricity bills is anticipated to augment the growth of the global smart thermostats market, states Transparency Market Research (TMR) in a new research report. The report is titled, “Smart Thermostats Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2015 – 2023.”

The study offers an in-depth analysis of the historical growth trajectory, current market situation, and the future growth opportunities of the global smart thermostats market. It also assesses the predominant trends and the key elements at play in the market. The report further highlights the dynamics that are anticipated to drive or restrain the growth of the global smart thermostats market. The study also estimates the volume and revenue growth of the global smart thermostats market.

PDF Sample For Latest Innovation And Upcoming Advancements @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=4573

The report further explores the key strategies, product descriptions, and shares of leading players operating in the global smart thermostats market. To offer a clear understanding of the market, the study utilizes Porter’s five forces analysis and presents an outlook of the competitive landscape of the global smart thermostats market. The report also highlights the degree of entry and exit barriers in the market. According to the report, the primary factor behind the growth of the global smart thermostats market is the mounting prices of energy.

The study states that owing to the high cost of energy sources, consumers are being impelled towards optimization of power to reduce electricity bills. A smart thermostat is used as an automation device deployed in control systems for controlling the heating and air conditioning in houses. It enables the user to control the temperature of the house using thermostats. The user can adjust the temperature of the house using devices that can control the smart thermostats installed in the house through the internet. It allows the user to save electricity by easily controlling the heating and cooling of the house from various locations.

Other factors that are anticipated to boost the growth of the global smart thermostats market are the growing demand for devices that are energy efficient, the flourishing market for smart homes, and the benefits of thermostats such as easy programming and configuration. However, compatibility issues with wireless networks of smart thermostats are likely to act as a hindrance in the growth of the global smart thermostats market. Additionally, false triggering of switches by sensors is also likely to hamper the sales of smart thermostats over the forthcoming years.

Market Insight can be Viewed @ http://www.transparencymarketresearch.com/smart-thermostats-market.html

Based on geography, the global smart thermostats market is segmented into North America, Asia Pacific, Europe, and the Rest of the World. The deployment of smart thermostats is significantly high in North America and Europe due to the high demand for efficient ventilation, cooling, heating systems from smart business and house owners. As a result of this, manufacturers of smart thermostats are focusing on advancing the technology used in smart thermostats. The leading companies in the global smart thermostats market are CPS Energy and Venstar Inc., Energate Inc., Nest Labs, Blue Line Innovations, Honeywell International Inc., and Allure Energy Inc. among others.

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Transparency Market Research
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Smart Thermostats Market: Demand for Smart Thermostats to Intensify on Back of Smart Homes Trend here

News-ID: 381606 • Views: 426

More Releases from TMR-SemiConductor Research

Home Automation Market Growing At A CAGR Of 26.3% From 2014 To 2020.
Global home automation market was valued at USD 4.41 billion in 2014, growing at a CAGR of 26.3% from 2014 to 2020. Home automation systems refer to all such systems, whether used as a single application or as integrated solutions that are used to automate processes. They are electricity powered and are manually controlled (such as turning on the AC, dimming lights, managing entrance gate and cameras, operating smart appliances
Photonics Market - Amplifier Is One Of The Fastest Growing Product Segments For …
Global market for photonics has been covered under the scope of this report. The emission, generation, modulation, switching and detection of light are included within photonics. All the applications of light ranging from visible spectrum to ultraviolet rays are covered within photonics. The various applications of photonics include consumer electronics, displays, safety and defense technology, communication, metrology and sensing among others. By product type, the photonics market has been segmented
Laser Cutting Machines Market Growing At A CAGR Of 10.3% From 2014 To 2020.
Global laser cutting machines market was valued at USD 2.43 billion in 2014, growing at a CAGR of 10.3% from 2014 to 2020. The laser cutting machine is a machine which uses laser beam to cut materials such as acrylic, plastic, wood, fabric, and many other non-metallic materials. The laser cutting machines initially casts laser beam on the surface of work piece, melts it and finally evaporates the particular area
Precision Electric Motors (brushless) Market Growing At A CAGR Of 12.7% From 201 …
Global precision electric motors (brushless) market was valued at USD 25.45 billion in 2014, growing at a CAGR of 12.7% from 2014 to 2020. Precision electric motors (brushless) are basically the electric motors without any brushes to wear out. Precision electric motors are mainly used in speed control applications and are customized form of electric motors to offer precise output. Increasing demand for high performance motors, growing vehicle production globally

All 890 Releases


More Releases for Smart

Smart Solutions
Heidelberg, May 28, 2019 – The dental group Young Innovations presents new products that increase efficiency and safety in the practice: The high-quality Galaxie Cassettes simplify the cleaning, sterilization and classification of hand instruments. A stable case made of electropolished stainless steel protects the equipment, the unique design reduces the contact points. A laser-cut pattern maximizes water through flow and increases efficiency in the RDG / thermal disinfector. Smooth rounded corners
Survey Report on Smart Kitchen Appliances Market 2018: Smart Refrigerator, Smart …
The report analyzes and presents an overview on "Global Smart Kitchen Appliances Market Professional Survey Report 2018" worldwide. This report studies Smart Kitchen Appliances in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. The study objectives of this report are: To study and forecast the market size of Smart
Smart Mirrors
A smart mirror is an ordinary mirror with additional features and functionalities, incorporating capabilities that are otherwise done manually or in some computing system other than the mirror. For instance, a mirror that can connect to a smartphone or the internet and offer some measure of user comfort. The computing features in smart mirrors enable them to connect to the Internet and smartphones, categorizing them as connected devices. Connected devices
Powered Smart Cards
In terms of consumption, the global powered smart card market stood at 2,049.1 Mn units in 2015 and is expected to register a volume CAGR of 59.2% to reach 5,640.6 Mn units by 2024 end. In a new report titled “Powered Smart Card Market: Global Industry Analysis & Forecast, 2016–2024”, Persistence Market Research studies the performance of the global powered smart card market over an eight-year forecast period (2016 –
SMART SHIPS NEED SMART REGISTRIES
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry. “The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency