Smart Thermostat Market Insights | Sales, Cost, and Capacity | Forecast To 2022
“Global Smart Thermostat Market report includes in-depth analysis of industry by recent technologies, trends, opportunities, challenges, key players and business strategies considering types, segment and future outlook.�
7 Dec 2018 – The global Smart Thermostat Market size is expected to value at USD 2.99 billion by 2022. The market is subject to witness a substantial growth due to the soaring demand for smart efficient solutions from number of household across the globe. In addition, increasing adoption of smart household appliances, majorly from North American and European region is expected to drive the market growth in upcoming years. Expansion of smartphones industry is acting as an enabler for smart energy management solutions. Introduction of open source developer APIs offer flexibility and higher performance for smart thermostat devices. These factors are anticipated to positively affect market growth over the forecast period. Globally, the smart thermostat industry is predicted to grow at CAGR of 18.7% in the forecast period, providing numerous opportunities for market players to invest in research and development of the market. Smart thermostats are increasing adopted to carry out operations such as heating and cooling devices for residential or commercial applications. Smart thermostats are considered as a vital part of smart or modular home. Request Sample Copy of this Market Research @ https://www.millioninsights.com/industryreports/smart-thermostat-market/request-sample