Smart Thermostats Market By Materials, By Product, By Preparation Method, By Application and By Geography Analysis - Forecast 2019 - 2024 www.industryarc.com
Smart Thermostats Market 2019-2024
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Press Release Mushrooming energy prices, growing need to optimize power to reduce energy bills, and stringent government rules for using energy saving devices are fueling the smart thermostats market. The global smart thermostats market was valued at $4.16 billion in 2018 and is estimated to grow at an outstanding compound annual growth rate (CAGR) of 21.64% during the forecast period 2019- 2025. IndustryARC’s recent market research report titled “Smart Thermostats Market: By New Technology (Wired Network, & Wireless Network) By Component (Display, Temperature Sensor, Humidity Sensor, Motion Sensor, & Others) By End-User, & Geography - Forecast(2019 - 2025)” states that the major companies are focusing on integrating smart thermostats with IoT that can be operated from remote locations. Furthermore, scientists have started to focus more on research in smart thermostats in the electronics industry. This is expected to boost the smart thermostats market in the upcoming years. Global Smart Thermostats Market: Leading Segments North America dominated the smart thermostat market with a regional share of 31.61% in 2018. The adoption of recent technologies and R&D for developing these further are driving market growth. For instance, Nest Labs, an American smart homes manufacturer, has recently announced that it would provide one million smart thermostats to low-income homes as a part of a new power project. IndustryARC analysts have identified the residential building as the key application segment. The governments of various countries have mandated the use of smart thermostats in residential buildings. The residential building application segment is reported to grow at a CAGR of 19.65% during the forecast period. Global Smart Thermostats Market: Market Trends and Growth Drivers ·
Nest Labs merged with Google Home Division to co-develop products for future smart homes with artificial intelligence and machine learning.
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Bring your own Technology (BYOD) is an upcoming trend in the market. The consumers have started to purchase independent smart Wi-Fi enabled thermostats that receive demand response signals. Moreover, the market demand for Amazon Alexa and Google Assistant has increased as these are used to monitor and control the home temperature and program schedules.
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Another trend in the market that has given a push to the smart thermostats market is IoT Wi-Fi Thermostats. These understand the users’ preference and set the room temperatures based on the previous uses. These can be remotely controlled, show energy reports, and adjust their properties based on outdoor conditions.
Global Smart Thermostats Market: Competitive Landscape Some of the key companies identified in the report that are currently holding majority shares in the global smart thermostats market are Honeywell international, Ecobee, Schneider Electric SE,
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Emerson Electric Co, Ingersoll Rand, Carrier Corporation, Nortek, Inc., and Nest Labs. Talk to one of our sales representatives about the full report by providing your details in the link below: https://industryarc.com/support.php?id=15440 Related Reports: Smart Homes Market https://industryarc.com/Report/1250/smart-homes-market.html Smart Energy Devices Market https://industryarc.com/Report/15256/smart-energy-devices-market.html Internet of Things Technology Market https://industryarc.com/Research/Internet-Of-Things-Technology-Market-Research-505373 What can you expect from the report? The smart thermostats market is prepared with the main agenda to cover the following 20 points: 1. Market Size by Product Categories & Application
11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data
12. Country level Analysis
3. Manufacturer Landscape
13. Competitor Analysis
4. Distributor Landscape
14. Market Shares Analysis
5. Pricing Analysis
15. Value Chain Analysis
6. Top 10 End user Analysis
16. Supply Chain Analysis
7. Product Benchmarking
17. Strategic Analysis
8.
Product
Developments
18.
Current
Landscape 9. Mergers & Acquisition Analysis 10. Patent Analysis
&
Future
Market
Analysis 19. Opportunity Analysis 20. Revenue and Volume Analysis
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Table of Contents 1. Smart Thermostats– Market Overview 2. Executive Summary 3. Smart Thermostats Market Landscape 3.1. Market Share Analysis 3.2. Comparative Analysis 3.3. Product Benchmarking 3.4. End User Profiling 3.5. Top 5 Financials Analysis 4. Smart Thermostats– Market Forces 4.1. Drivers 4.1.1. Rising demand of energy-efficient devices 4.1.2. Increasing preference for connected homes or smart homes 4.2. Restraints 4.2.1. Sensor’s false trigging of switches 4.2.2. Issues of incompatibility in wireless network 4.3. Opportunities 4.3.1. Growing urbanization in developing regions 4.4. Challenges 4.5. Porter’s Five Forces Analysis 4.5.1. Bargaining Power of Suppliers 4.5.2. Bargaining Power of Buyers 4.5.3. Threat of New Entrants 4.5.4. Threat of Substitutes 4.5.5. Degree of Competition 5. Smart Thermostats Market – Strategic Analysis 5.1. Value Chain Analysis 5.2. Pricing Analysis 5.3. Opportunities Analysis 5.4. Product/Market Life Cycle Analysis 5.5. Suppliers and Distributors 6. Global Smart Thermostats Market, By New Technology 6.1. Wired Network 6.2. Wireless Network 7. Global Smart Thermostats Market, By Component 7.1. Display 7.2. Temperature Sensor 7.3. Humidity Sensor 7.4. Motion Sensor 7.5. Others 8. Global Smart Thermostats Market, By End-User 8.1. Residential 8.2. Office Building 8.3. Educational Buildings 8.4. Industrial Building 8.5. Retail 8.6. Hospitality 8.7. Healthcare 8.8. Others 9. Global Smart Thermostats Market, By Geography
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9.1. Europe 9.1.1. Germany 9.1.2. France 9.1.3. Italy 9.1.4. Spain 9.1.5. Russia 9.1.6. U.K. 9.1.7. Rest of Europe 9.2. Asia Pacific 9.2.1. China 9.2.2. India 9.2.3. Japan 9.2.4. South Korea 9.2.5. Rest of Asia-Pacific 9.3. North America 9.3.1. U.S. 9.3.2. Canada 9.3.3. Mexico 9.4. Rest of the World (RoW) 9.4.1. Brazil 9.4.2. Rest of RoW 10. Smart Thermostats– Market Entropy 10.1. Expansion 10.2. Technological Developments 10.3. Merger & Acquisitions, and Joint Ventures 10.4. Supply- Contract 11. Company Profiles (Top 10 Companies) 11.1. Company 1 11.2. Company 2 11.3. Company 3 11.4. Company 4 11.5. Company 5 11.6. Company 6 11.7. Company 7 11.8. Company 8 11.9. Company 9 11.10. Company 10 *More than 10 Companies are profiled in this Research Report* "*Financials would be provided on a best efforts basis for private companies" 12. Appendix 12.1. Abbreviations 12.2. Sources 12.3. Research Methodology 12.4. Expert Insights
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