Smart Thermostat Market: Global Share, Size, Trends, Growth, Demand By Region and Forecast Till 2023

1. Global Smart Thermostat Market Research Report and Forecast Till 2023 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

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3. Report Description and Highlights Report Description Smart Thermostat Market Report By Product (Standalone Smart Thermostats, Connected Smart Thermostats and Learning Smart Thermostats), Component (Display, Temperature Sensor, Humidity Sensor, Motion Sensor and Others), Technology, Application, Region The global smart thermostat market has witnessed a robust growth over the past few years. This can be attributed to the increasing adoption of connected devices along with the various advantages offered by smart thermostats. Market Overview: The latest report by IMARC Group, titled “Smart Thermostat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, finds that the global smart thermostat market reached a value of US$ 1.1 Billion in 2017. Smart thermostats allow users to control the heating and air conditioning of their homes or offices via the internet. These devices collect data related to the behavior and specific needs of the user and adjust themselves accordingly. Smart thermostats can also be used with home automation systems to offer customized settings which minimize energy use while maximizing comfort. Some of the other advantages offered by smart thermostats include recording the runtime of HVAC systems, monitoring internal/external temperatures as well as improving indoor air quality. Owing to the convenience provided by smart thermostats, the demand for these devices is being accelerated worldwide.

4. Report Description and Highlights Report Description • Global Smart Thermostat Market Trends: • Smart thermostats are highly efficient and help homeowners in reducing the overall electricity consumption and related operating costs. Moreover, they enable the users to monitor energy utilization as well as adjust temperatures from remote locations. In addition, the growing base of tech-savvy consumers has led to a rise in the adoption of smart homes and connected devices, which is projected to create a positive outlook for the smart thermostat industry. This is supported by the growing sales of smart home assistants, such as Google Home and Amazon Echo, coupled with the increasing number of consumers opting for home automation solutions. Owing to the above-mentioned factors, the market is projected to reach a value of US$ 3.4 Billion by 2023, registering a CAGR of 20% during 2018-2023. • Smart Thermostat Market Segmentation: • Market Segmentation by Product • Standalone Smart Thermostats • Connected Smart Thermostats • Learning Smart Thermostats • For more information, click here: https://www.imarcgroup.com/smart-thermostat-market

5. Market Forecast Sample Figure: Global: Smart Thermostat Market Forecast: Sales Value (in Billion US$), 2018-2023

6. Market Segmentation Report Description • Based on product, the market has been segmented as standalone smart thermostats, connected smart thermostats and learning smart thermostats. Amongst these, standalone smart thermostats are the most widely used products owing to their cost-efficiency. • Market Segmentation by Component • Display • Temperature Sensor • Humidity Sensor • Motion Sensor • Others • On the basis of component, temperature sensor represents the leading segment, accounting for the majority of the global share. Other components include display, humidity sensor and motion sensor. • Market Segmentation by Technology • Wired • Wireless • Request for a sample report: https://www.imarcgroup.com/request?type=report&id=993&flag=B

7. Market Segmentation Report Description • WiFi • Zig Bee • Others • The market has been segregated based on technology into wired and wireless smart thermostats. Currently, wireless smart thermostat dominates the market, holding the biggest market share. The wireless smart thermostat segment is further divided into Wi-Fi, Zig Bee and others. • Market Segmentation by Application • Residential • Commercial • Industrial • On the basis of application, the report finds that the residential sector is the largest segment, followed by the commercial and industrial sectors. • Market Segmentation by Region • North America

8. Regional Segmentation North America Europe Asia- Pacific Middle East and Africa Latin America

9. Market Segmentation Report Description • Europe • Asia Pacific • Latin America • Middle East and Africa • Region-wise, the market has been segregated as Europe, North America, Asia Pacific, Latin America, and Middle East and Africa. Amongst these, Europe is the leading market with the majority of the global share on account of high-income levels, easy product accessibility and strict regulations against synthetic food ingredients. • Competitive Landscape: • The competitive landscape of the market has also been examined with some of the key players. • Nest Labs, Inc. • Honeywell International Inc. • Ecobee, Inc. • Emerson Electric Co. • Schneider Electric SE

10. Market Segmentation Report Description • Tado GmbH • Control4 Corporation • Carrier Corporation • Nortek, Inc. • In case you have a very specific customized or specific niche needs, we can work around the scope of work and assist you with the tailor made solution. The topics covered could be technology, markets, competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be supplementing you with the weekly or fortnight reports.

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13. Partial List of Clients • We are the trusted business partners to the world's leading corporates, governments, and institutions A partial List of our Clients

14. Report Description and Highlights Report Description © 2018 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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