Global Smart Thermostats Market 2017-2021

  • ID: 4395245
  • Report
  • Region: Global
  • 72 pages
  • TechNavio
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FEATURED COMPANIES

  • Bosch Thermotechnology
  • Climate
  • EcoFactor
  • Honeywell International
  • Nest Labs
  • Robertshaw Climate
  • MORE
About Smart Thermostats

Smart thermostats are devices that are connected to home automation systems and are used to regulate the temperature within an enclosed area. Smart thermostats combine software, sensors, Wi-Fi connectivity, algorithms, and user-friendly interfaces to aid in conserving energy and energy costs. These thermostats are used in both commercial and residential settings. Users use mobile apps to regulate the settings on the smart thermostats remotely. Smart thermostats are also programmed to self-learn the pattern of activities of the end-user.

The analysts forecast the global smart thermostats market to grow at a CAGR of 19.00% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global smart thermostats market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
  • North America
  • APAC
  • Europe
  • ROW
The report, Global Smart 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
  • ecobee
  • Emerson
  • Honeywell International
  • Nest Labs
Other prominent vendors
  • Bosch Thermotechnology
  • Centrica
  • climote
  • Computime
  • EcoFactor
  • GridPoint
  • Ingersoll-Rand
  • LUXPRO
  • Netatmo
  • Quby
  • Radio Thermostat Company of America
  • Robertshaw Climate
  • Schneider Electric
  • tado°
  • Venstar
Market drivers
  • Growth in number of HVAC equipment users
  • 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
  • Limited penetration of smart thermostats in APAC
  • 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?
You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bosch Thermotechnology
  • Climate
  • EcoFactor
  • Honeywell International
  • Nest Labs
  • Robertshaw Climate
  • 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 technology
  • Market overview
  • Wi-Fi
  • ZigBee
PART 07: Geographical segmentation
  • Market overview
  • North America
  • Europe
  • APAC
PART 08: Decision framework

PART 09: Drivers and challenges

PART 10: Market drivers

PART 11: Market challenges

PART 12: Market trends
  • Limited penetration of smart thermostats in APAC
  • Voice-controlled thermostats
  • Growth in commercial construction
PART 13: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
PART 14: Key vendor analysis
  • Carrier
  • Emerson
  • Honeywell International
  • Nest Labs
  • ecobee
PART 15: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Constituents of a smart home
Exhibit 02: Global smart thermostats market by technology 2016-2021 ($ millions)
Exhibit 03: Market overview
Exhibit 04: Global smart thermostats market 2016-2021 ($ millions)
Exhibit 05: Five forces analysis
Exhibit 06: Global smart thermostats market-segmentation by technology 2016 and 2021 (%)
Exhibit 07: Global smart thermostats market by Wi-Fi technology 2016-2021 ($ millions)
Exhibit 08: Global smart thermostats market by ZigBee technology 2016-2021 ($ millions)
Exhibit 09: Global smart thermostats market by geography 2016-2021 (%)
Exhibit 10: Smart thermostats market in North America 2016-2021 ($ millions)
Exhibit 11: Under-construction units in US 2010-2016 (thousands of units)
Exhibit 12: Housing starts in Canada 2013-2016 (thousands of units)
Exhibit 13: Index of production in construction in Mexico January 2016 to March 2017 (number of units)
Exhibit 14: Smart thermostats market in Europe 2016-2021 ($ millions)
Exhibit 15: Production of construction index in EU-28 2016 (number of units)
Exhibit 16: Smart thermostats market in APAC 2016-2021 ($ millions)
Exhibit 17: Presence of air conditioning in new single-family houses completed in US 2010-2016 (% share)
Exhibit 18: Major products in smart thermostats market
Exhibit 19: Building construction in EU: Volume index of production January 2016-February 2017
Exhibit 20: Other prominent vendors in the global smart thermostats market
Exhibit 21: Carrier: Products offered under residential systems
Exhibit 22: Carrier: Smart thermostat product portfolio
Exhibit 23: Emerson: Product portfolio
Exhibit 24: Emerson: Thermostat product portfolio
Exhibit 25: Emerson: Smart thermostat product portfolio
Exhibit 26: Honeywell International: Products offered
Exhibit 27: Honeywell International: Smart thermostat product portfolio
Exhibit 28: ecobee: Product portfolio
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FEATURED COMPANIES

  • Bosch Thermotechnology
  • Climate
  • EcoFactor
  • Honeywell International
  • Nest Labs
  • Robertshaw Climate
  • MORE
New Report Released: - Global Smart Thermostats Market 2017-2021

The author of the report recognizes the following companies as the key players in the global smart thermostats market: Carrier, ecobee, Emerson, Honeywell International, and Nest Labs.

Other Prominent Vendors in the market are: Bosch Thermotechnology, Centrica, Climate, Computime, EcoFactor, GridPoint, Ingersoll-Rand, LUXPRO, Netatmo, Quby, Radio Thermostat Company of America, Robertshaw Climate, Schneider Electric, tado°, and Venstar.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Limited penetration of smart thermostats in APAC. The penetration of smart home products and devices has been significantly lower in APAC countries like India and China when compared with the countries in the Americas and Europe. Smart home products like smart thermostats are specifically designed for the Americas and Europe. The products that are developed for those countries cannot be directly adopted in the Indian market. The lifestyles and environment in India and China are substantially different from that in other countries.”

According to the report, one of the major drivers for this market is Growth in number of HVAC equipment users. HVAC systems are being increasingly adopted globally for their energy efficiency. With the help of heating and air conditioning equipment, the temperature can be maintained within a household. Smart thermostats help in monitoring and controlling the temperature from remote locations also. Therefore, the growth in the construction of residential and commercial buildings is expected to drive the demand for HVAC equipment, thereby spurring the demand for smart thermostats.

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. The high initial cost of smart thermostats is one of the primary challenges faced by the consumers. Most of the thermostats offered by major vendors like Nest Labs, Honeywell International, and ecobee are the do-it-yourself (DIY) type, which poses a challenge to most consumers. Thus, it leads to the need to hire professionals to install the thermostats, thereby resulting in additional costs. Therefore, the high initial cost of smart thermostats, as well as the costs incurred in their installation discourages many consumers from opting for them.

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
  • ecobee
  • Emerson
  • Honeywell International
  • Nest Labs
  • Bosch Thermotechnology
  • Centrica
  • Climate
  • Computime
  • EcoFactor
  • GridPoint
  • Ingersoll-Rand
  • LUXPRO
  • Netatmo
  • Quby
  • Radio Thermostat Company of America
  • Robertshaw Climate
  • Schneider Electric
  • tado°
  • Venstar
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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