The Smart Thermostat Market is expected to be around US$ 6.78 Billion by 2027 at a CAGR of 22.05% in the given forecast period

Smart thermostats are devices planned to automatically control air conditioning and environment temperature. These smart devices deliver users the benefit to control temperature throughout the day using a schedule. Smart thermostat is used in smart organization to control smart appliances such as portables ACs, heaters, radiators, window ACs, split ACs, and boilers. Smart thermostat is popular for use in autonomous infrastructure. Moreover, smart thermostat is integrated with smart-net technology and sensors such as Wi-Fi, which delivers remote access to internet connected devices. These devices can be scheduled or programmed as per user preferences, especially with set daily routines. These devices can be easily installed by consumers and are compatible with a wide range of smart electronic applications. The combination of the smart-thermostat is quick with wireless connectivity. The growth of IoT services is driving the smart thermostat market. The number of individuals monitoring appliances such as heater, air-conditioning and other devices is high. It is a crucial market driver that escalates the development rate of the smart thermostat industry. The surging urbanization rate is growing the requirement for automation devices.

The global Smart Thermostat market is segregated on the basis of Technology as Wi-Fi, Bluetooth, Zigbee, and Others. Based on Application the global Smart Thermostat market is segmented in Air Conditioning, Split AC, Window AC, Portable AC, Heating, and Ventilation. Based on End User the global Smart Thermostat market is segmented in Residential, Commercial, Industrial, and Others.

The global Smart Thermostat market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Smart Thermostat market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Rivalry

Emerson Electric Co., Ecobee, Inc., Honeywell International Inc., Johnson Controls, Nest Labs, Inc., Control4 Corporation, Schnieder Electric SE, Tado GmbH, Nortek, Inc., Ingersoll Rand plc, and others are among the major players in the global Smart Thermostat market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

The Smart Thermostat Market has been segmented as below:

Smart Thermostat Market, By Technology

• Wi-Fi
• Bluetooth
• Zigbee
• Others

Smart Thermostat Market, By Application

• Air Conditioning
• Split AC
• Window AC
• Portable AC
• Heating
• Ventilation

Smart Thermostat Market, By End User

• Residential
• Commercial
• Industrial
• Others

Smart Thermostat Market, By Region

• North America
• Europe
• Asia-Pacific
• Rest of the World

Smart Thermostat Market, By Company

• Emerson Electric Co.
• Ecobee, Inc.
• Honeywell International Inc.
• Johnson Controls
• Nest Labs, Inc.
• Control4 Corporation
• Schnieder Electric SE
• Tado GmbH
• Nortek, Inc.
• Ingersoll Rand plc

The report covers:

• Global Smart Thermostat market sizes from 2018 to 2027, along with CAGR for 2022-2027
• Market size comparison for 2020 vs 2027, with actual data for 2021, estimates for 2022 and forecast from 2022 to 2027
• Global Smart Thermostat market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Smart Thermostat market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

Report Scope:

The global Smart Thermostat market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Smart Thermostat market share. Major industry players with significant revenue share include Emerson Electric Co., Ecobee, Inc., Honeywell International Inc., Johnson Controls, Nest Labs, Inc., Control4 Corporation, Schnieder Electric SE, Tado GmbH, Nortek, Inc., Ingersoll Rand plc, and others.

Reasons to Buy this Report:

• Gain detailed insights on the Smart Thermostat industry trends
• Find complete analysis on the market status
• Identify the Smart Thermostat market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Customization

Customized report as per the requirement can be offered with appropriate recommendations.

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