Global Smart Thermostats Industry Size study, By Players (Nest Labs, Honeywell international, Ecobee, Schneider Electric SE, Emerson Electric Co.), By Technology (Zigbee, Wi-Fi, Others) - Analysis and Current Growth Analysis 2018 - 2025
17 Jul 2021
Impact Analysis on the Growth of Market
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The Research Report is Updated with 2020 Base Year, 2021 Estimated year and Forecast till 2030 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2020 as base year, 2021 as estimated year and forecast to 2030. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Global Smart Thermostats Industry valued approximately USD 944.99 million in 2016 is anticipated to grow with a healthy growth rate of more than 19.52% over the forecast period 2017-2025. Smart thermostats are devices that can be used with home automation and are responsible for controlling a home's heating and/or air conditioning. The major factors speculated to augment the Industry are worldwide growing requirement for energy- proficient devices, the escalation in the average energy spending and the demand for remote access solutions to check and regulate the energy consumption.
The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Major market players in Smart Thermostats Industry are Nest Labs, Honeywell international, Ecobee, Schneider Electric SE, Emerson Electric Co., Tado, Control4 Corp., Ingersoll Rand, Carrier Corp., and Nortek, Inc. Acquisitions & effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are also few of the key strategies adopted by the major players.
Smart Thermostats Industry Segmentation:
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook