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$3.4 Bn Smart Thermostat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023 - ResearchAndMarkets.com

September 10, 2018

DUBLIN--(BUSINESS WIRE)--Sep 10, 2018--The “Smart Thermostat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s offering.

The global smart thermostat market reached a value of US$ 1.1 Billion in 2017. A smart thermostat is a part of a control system which senses and maintains the temperature of an area.

It is an automatic device which is capable of remotely switching on and off the heating of a room through the internet. Smart thermostats can be programmed and used via various mobile devices such as remote controls, smartphones and computers. They can also display the amount of heating being used and control their activity by tracking or learning the daily routine of the user.

Over the years, there has been a significant rise in the installation of smart home systems and technologies in households. This is one of the primary factors driving the growth of the global smart thermostat market. Moreover, there has been a surge in the sales of various smart home voice assistants such as Amazon Echo and Google Home which is further driving the growth of the market. In addition, as smart thermostats help in saving electricity, their sales have been influenced by the augmented demand for energy efficient solutions.

This represents another factor which is positively influencing the market growth. Looking forward, the market is projected to reach a value of US$ 3.4 Billion by 2023, registering a CAGR of 20% during 2018-2023.

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

5 Global Smart Thermostat Market

6 Market Breakup by Product

7 Market Breakup by Component

8 Market Breakup by Technology

9 Market Breakup by Application

10 Market Breakup by Region

11 Smart Thermostat Manufacturing Process

12 Competitive Landscape

Nest Labs Inc. Honeywell International Inc. Ecobee Inc. Emerson Electric Co. Schneider Electric SE Tado GmbH Control4 Corporation Carrier Corporation Nortek Inc.

For more information about this report visit https://www.researchandmarkets.com/research/njmsbl/smart_thermostat?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180910005395/en/

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Related Topics:HVAC (Heating, Ventilation, and Air Conditioning)

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/10/2018 06:01 AM/DISC: 09/10/2018 06:02 AM

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