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.
Smart Thermostats market size was US$ 11330 million and it is expected to reach US$ 29540 million by the end of 2025, with a CAGR of 14% during 2021-2027.
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The major companies include:
- Emerson
- LUX/GEO
- Carrier
- Energate Inc.
- Tado GmbH
- Control4
- Netatmo
- Hive Home
Segment by Type, the Smart Thermostats market is segmented into
- WiFi Thermostats
- ZigBee Thermostats
- Others
Segment by Application, the Smart Thermostats market is segmented into
- Residential
- Commercial
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Scope of the Report
The research study analyzes the global Smart Thermostats industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Smart Thermostats Market Report
1. What was the Smart Thermostats Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Smart Thermostats Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Smart Thermostats Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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