Press release
Smart Thermostat Market: 2017 Global Industry Outlook, Demand, Supply and 2022 Forecasts
Smart Thermostat Market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Labs, Inc.(U.S.),
• Emerson Electric (U.S.),
• Schneider Electric (France),
• Honeywell International Inc.(U.S.),
• Carrier Corporation (U.S.),
• Tado (Germany),
• Ingersoll Rand (Ireland),
• Nortek, Inc. (France),
• Ecobee (Canada),
• Control4 Corporation (U.S.)
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Market Scenario:
Smart thermostat can be defined as an automation devices that are utilized for controlling air conditioning and heating of HVAC system in commercial and residential buildings. These devices enables the users to control the heating and cooling of the system through both the technology that includes wired and wireless. The growing internet penetration and raising demand of IoT based services acts as a major drivers for the growth of the smart thermostat market. Growing urbanization and raising demand of connected & smart homes has created an immense opportunity for the growth of the smart thermostat market.
The study indicates that decease in energy wastage and high energy saving features in these devices has led an awareness among consumer, has boosted the market of smart thermostat devices. By the use of these smart technology enabled devices, the consumer can remotely control its home’s temperature with the help of tablets, smartphones or desktop and among others. Moreover, the smart thermostats used for the residential applications helps to change the temperature with the help of a dial or a control panel.
The factors such as lack of infrastructure, high implementation cost and inconsistency among the wireless networks are some the restraining factors for the growth of smart thermostats market. The Global Thermostats Market is expected to grow at USD ~3.5 Billion by 2022, at a CAGR of ~23.4% between 2016-2022.
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Segments:
Global Smart Thermostat market is segmented on the basis of component, deployment type, and applications.
Global Smart Thermostat Market by Components:
• Display
• Humidity Sensor
• Motion Sensor
• Temperature Sensor
• Others
Global Smart Thermostat Market by Deployment Type:
• Wired
• Wireless
Global Smart Thermostat Market by Application:
• Residential
• Commercial
• Others
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Smart Thermostat Market Research Report- Global Forecast to 2022."
Regional Analysis:
The regional analysis of Global Smart Thermostat Market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. The study indicates that North America region is dominating the Smart Thermostat Market owing to factors such as increased internet penetration and technological advancements. The study also indicates that cloud deployment and raising demand of energy efficient devices is a driving factor for Asia-Pacific region to grow significantly in the smart thermostat market by the forecast period. Apart from it the rising adoption of IT services is also driving the smart thermostat market.
Intended Audience
• Government Organizations
• Enterprise users
• Commercial users
• Industrial users
• Technology investors
• System Integrators
• Electronic Industry
• Research/Consultancy firms
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Akash Anand,
Market Research Future
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com
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