1. Market Research
  2. > Construction
  3. > Building Products Market Trends

Smart Thermostat Market by Component, Network Connectivity, Application, and Geography - Forecast to 2020

  • September 2015
  • 127 pages
  • MarketsandMarkets
Report ID: 3307423

Summary

Table of Contents

Search Inside

Smart thermostats are automation devices connected with HVAC systems to control the heating and cooling systems within an area. Thermostats have been in use since 1885, but with the introduction of programmable thermostats in 1906, their usage has increased. A typical smart thermostat includes a display unit, motion sensor, temperature sensor, humidity sensor, and other components which include ring and wiring of the smart thermostat.

Smart thermostats are costly as compared to conventional thermostats; therefore, at present, the market size of smart thermostats is not very large. However, in the coming years it is expected to grow at a high CAGR of 31.82% between 2015 and 2020. The high energy saving and decrease in energy wastage offered by these devices has led to increased awareness among consumers, which has boosted its adoption in recent times. North America held the major share in the smart thermostat market in 2014. However, the European market is expected to grow at the highest CAGR during the forecast period. The key players in this market include Nest Labs (U.S.), Honeywell international (U.S.), Ecobee (Canada), Schneider Electric SE (France), Emerson Electric Co. (U.S.), Tado (Germany), Control4 Corporation (U.S.), Ingersoll Rand (Ireland), Carrier Corporation (U.S.), and Nortek, Inc. (France).

This research study segments the smart thermostat market on the basis of components, network connectivity, applications, and geography. It also provides revenue forecast, and analyzes the trends in the market. The geographical analysis contains an in-depth classification for North America, Europe, APAC, and Rest of the World (RoW) and highlights the high-growth regions in these geographies. The report also analyzes the market dynamics such as drivers, restraints, opportunities, current market trends, and the technologies that are expected to revolutionize the smart thermostat market. It includes a competitive landscape of the key players in the smart thermostat market with detailed market ranking analysis and describes the growth strategies such as mergers and acquisitions, collaborations, partnerships, new product developments, and others adopted by the market players.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Flexible Insulation Market by Material, Insulation Type, and Region - Global Forecast to 2021

  • $ 5650
  • Industry report
  • May 2017
  • by MarketsandMarkets

“Presence of strict building codes to drive the flexible insulation market” The market size of flexible insulation is estimated to be valued at USD 8.27 billion in 2016 and is projected to reach USD ...

Global Thermostatic Radiator Valve Market 2017-2021

  • $ 3500
  • Industry report
  • April 2017
  • by Infiniti Research Limited

About Thermostatic Radiator Valve Thermostatic radiator valves (TRVs) regulate the flow of water through the radiator by sensing the air temperature around them. They are used to control air temperature ...

Global Energy Efficient Windows Market 2017-2021

  • $ 3500
  • Industry report
  • July 2017
  • by Infiniti Research Limited

About Energy Efficient Windows Energy-efficient windows are windows that reduce heat loss and provide energy savings by keeping the room temperature at an ambient level. Windows provide light, warmth, ...


Download Unlimited Documents from Trusted Public Sources

Heating Equipment Markets in the UK

  • July 2017
    11 pages
  • Heating Equipme...  

  • United Kingdom  

View report >

Ventilation System Industry in the US

  • July 2017
    104 pages
  • Ventilation Sys...  

    Heating Equipme...  

    Cooling System  

  • United States  

View report >

Energy Technology Markets in the US

  • July 2017
    10 pages
  • Energy Technolo...  

    Energy Efficien...  

    HVAC  

  • United States  

View report >

Related Market Segments :

Energy Efficiency
Thermostat

ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.