The global smart thermostats market is projected to grow at a CAGR of 31% during 2019 to 2024. The growth of smart thermostats market is driven by stringent government regulation towards energy saving, increasing demand for energy-efficient devices, and increasing adoption of smart home technology.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising potential, high-growth opportunities for the global smart
thermostats market by technology (wired networking, wireless network, Wi-Fi,
Zigbee, Z-wave, and bluetooth), component (display sensor, temperature sensor, humidity
sensor, motion sensor, and others), end use industry (residential, educational,
office and industrial building, retail, and hospitality & healthcare), and
region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the smart thermostats market?
Q.4 What are some
changing demands of customers in the smart thermostats market?
Q.5 What are the new
developments in the smart thermostats market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this smart thermostats area and how big
of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this smart thermostats market?
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Market Segmentation:
Based on technology, the
smart thermostats market is segmented into wired networking, wireless network,
Wi-Fi, Zigbee, Z-wave, and bluetooth. The Wi-Fi segment accounted for the
largest share of the market in 2020 and is expected to register the highest
CAGR during the forecast period, due to increasing adoption of smart
thermostats in residential and commercial building to minimize the energy
consumption.
APAC will remain the
largest region over the forecast period and it is also expected to witness the
highest growth due to the increasing adopting the smart assistant devices and
government policy of green home.
Key Players in the smart
thermostats market are Nest Labs, Honeywell International, Ecobee, Emerson
Electric, Schneider Electric, Tado, Control4, Ingersoll Rand, Carrier
Corporation, Nortek.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
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https://www.lucintel.com/smart-thermostats-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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