Global Low Voltage Thermostats Market 2017-2021 - Product Image

Global Low Voltage Thermostats Market 2017-2021

  • ID: 4380324
  • Report
  • Region: Global
  • 73 pages
  • TechNavio
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FEATURED COMPANIES

  • Carrier
  • Computime
  • Emerson
  • Honeywell International
  • LUX PRODUCTS
  • Quby
  • MORE
About Low Voltage Thermostats

Low voltage thermostats are used in HVAC systems, which use electricity, gas, or oil and are more efficient in controlling the flow of electric current. These thermostats operate at 24 V and are mainly used in water heating systems and electric unitary systems. The increase in the demand for HVAC equipment for residential and commercial purposes is expected to boost the market for low voltage thermostats. There are a wide range of products offered by vendors as per the consumers' requirements.

The analysts forecast the global low voltage thermostats market to grow at a CAGR of 13.18% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global low voltage thermostats market for 2017-2021. To calculate the market size, the report considers the demand for low voltage thermostats.

The market is divided into the following segments based on geography:
  • APAC
  • Europe
  • North America
  • ROW
The report, Global Low Voltage Thermostats Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Carrier
  • Emerson
  • Honeywell International
  • Schneider Electric
Other prominent vendors
  • climote
  • Computime
  • EcoFactor
  • GridPoint
  • Ingersoll Rand-Trane
  • LUX PRODUCTS
  • Nest Labs
  • Quby
  • Radio Thermostat Company of America
  • Robertshaw Climate
  • Smart Wi-Fi Thermostats by ecobee
  • tado
Market drivers
  • Growth of commercial building sector
  • For a full, detailed list, view the full report
Market challenges
  • High initial prices affect the demand for smart thermostats
  • For a full, detailed list, view the full report
Market trends
  • Growing number of smart homes
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Carrier
  • Computime
  • Emerson
  • Honeywell International
  • LUX PRODUCTS
  • Quby
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by type
  • Market overview
  • Global traditional thermostats market
  • Global smart thermostats market
PART 07: Geographical segmentation
  • Market overview
  • Low voltage thermostats market in North America
  • Low voltage thermostats market in Europe
  • Low voltage thermostats market in APAC
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Market challenges
PART 10: Market trends
  • Growing number of smart homes
  • Integration of mobile devices with smart thermostats
  • Intense market competition
PART 11: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
PART 12: Key vendor analysis
  • Carrier
  • Emerson
  • Honeywell International
  • Schneider Electric
PART 13: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Global low voltage thermostats market by geography 2016-2021 ($ millions)
Exhibit 02: Global low voltage thermostats market overview
Exhibit 03: Global low voltage thermostats market 2016-2021 ($ millions)
Exhibit 04: Five forces analysis
Exhibit 05: Global low voltage thermostats market by type 2016 and 2021 (%)
Exhibit 06: Global traditional thermostats market 2016-2021 ($ millions)
Exhibit 07: Global smart thermostats market 2016-2021 ($ millions)
Exhibit 08: Global low voltage thermostats market by geography 2016 and 2021 (%)
Exhibit 09: Low voltage thermostats market in North America 2016-2021 ($ millions)
Exhibit 10: Residential under-construction units in US 2010-2016 (thousands of units)
Exhibit 11: New single-family houses with/without air conditioning in US 2010-2015 (% share)
Exhibit 12: Housing starts in Canada 2013-2016 (thousands of units)
Exhibit 13: Low voltage thermostats market in Europe 2016-2021 ($ millions)
Exhibit 14: Construction activities in Europe by market segments YoY 2014-2017 (%)
Exhibit 15: Low voltage thermostats market in APAC 2016-2021 ($ millions)
Exhibit 16: New single-family houses built for sale with/without AC in US 2010-2015 (% share)
Exhibit 17: Major products in smart thermostats market
Exhibit 18: Annual GDP growth in China 2008-2015 (%)
Exhibit 19: Other prominent vendors
Exhibit 20: Carrier: Products offered under residential systems
Exhibit 21: Emerson: Products offerings
Exhibit 22: Emerson: Thermostats portfolio
Exhibit 23: Honeywell International: Product offerings
Exhibit 24: Honeywell International: Thermostats portfolio
Exhibit 25: Schneider Electric: Product offerings
Exhibit 26: Schneider Electric: Thermostats portfolio
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FEATURED COMPANIES

  • Carrier
  • Computime
  • Emerson
  • Honeywell International
  • LUX PRODUCTS
  • Quby
  • MORE
New Report Released: - Global Low Voltage Thermostats Market 2017-2021

The author of the report recognizes the following companies as the key players in the global low voltage thermostats market: Carrier, Emerson, Honeywell International, and Schneider Electric

Other Prominent Vendors in the market are: climote, Computime, EcoFactor, GridPoint, Ingersoll Rand-Trane, LUX PRODUCTS, Nest Labs, Quby, Radio Thermostat Company of America, Robertshaw Climate, Smart Wi-Fi Thermostats by ecobee, and Tado.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Growing number of smart homes. Smart homes are gaining popularity globally as consumers give higher preference to comfort and convenience. Smart homes use electronic communication devices such as smartphones or tablets to connect domestic appliances like air conditioning units, lighting systems, television, computer, heating systems, security devices, and cameras. The global smart homes market is expected to grow exponentially during the forecast period due to the increase in the adoption of smart devices. These devices can be controlled remotely and can report their own maintenance needs, which makes it more convenient for the consumer.”

According to the report, one of the major drivers for this market is Growth of commercial building sector. The commercial sector has witnessed significant growth with the increase in the construction of office buildings, data centers, and healthcare facilities.

Further, the report states that one of the major factors hindering the growth of this market is High initial prices affect the demand for smart thermostats. One of the primary challenges faced by the consumers is the high initial cost of smart thermostats. These thermostats are more expensive than traditional thermostats. The lack of awareness about the benefits of smart thermostats can also hamper the demand for low voltage thermostats. Most smart thermostat manufacturers like Nest Labs, Honeywell International, and ecobee offer devices that are do-it-yourself (DIY) type; however, many consumers find it difficult to install the thermostats themselves, thereby needing to hire professionals, who charge heavily for their services.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Carrier
  • Emerson
  • Honeywell International
  • Schneider Electric
  • climote
  • Computime
  • EcoFactor
  • GridPoint
  • Ingersoll Rand-Trane
  • LUX PRODUCTS
  • Nest Labs
  • Quby
  • Radio Thermostat Company of America
  • Robertshaw Climate
  • Smart Wi-Fi Thermostats by ecobee
  • Tado
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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