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Smart Thermostat - Global Market Trajectory & Analytics

  • ID: 5140156
  • Report
  • September 2020
  • Region: Global
  • 151 pages
  • Global Industry Analysts, Inc
Global Smart Thermostat Market to Reach $6.3 Billion by 2027

Amid the COVID-19 crisis, the global market for Smart Thermostat estimated at US$1.7 Billion in the year 2020, is projected to reach a revised size of US$6.3 Billion by 2027, growing at a CAGR of 20.5% over the analysis period 2020-2027. Display, one of the segments analyzed in the report, is projected to record a 18% CAGR and reach US$1.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Temperature Sensor segment is readjusted to a revised 23.4% CAGR for the next 7-year period.

The U. S. Market is Estimated at $508 Million, While China is Forecast to Grow at 20.2% CAGR

The Smart Thermostat market in the U. S. is estimated at US$508 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2027 trailing a CAGR of 20.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.2% and 17.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.4% CAGR.

Humidity Sensor Segment to Record 19.5% CAGR

In the global Humidity Sensor segment, USA, Canada, Japan, China and Europe will drive the 19.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$220.5 Million in the year 2020 will reach a projected size of US$766.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$743.1 Million by the year 2027. We bring years of research experience to this 7th edition of our report. The 151-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • Control4 Corporation
  • Ecobee, Inc.
  • Emerson Electric Co.
  • Energate, Inc.
  • Honeywell International, Inc.
  • Lennox International, Inc.
  • Nest Labs, Inc.
  • Schneider Electric SA
  • Siemens Corporation
  • Texas Instruments, Inc.
Note: Product cover images may vary from those shown
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Global Competitor Market Shares
  • Smart Thermostat Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: Smart Thermostat Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
  • TABLE 2: Smart Thermostat Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
  • TABLE 3: Display (Component) World Market by Region/Country in US$ Thousand: 2020 to 2027
  • TABLE 4: Display (Component) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
  • TABLE 5: Temperature Sensor (Component) Potential Growth Markets Worldwide in US$ Thousand: 2020 to 2027
  • TABLE 6: Temperature Sensor (Component) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
  • TABLE 7: Humidity Sensor (Component) Geographic Market Spread Worldwide in US$ Thousand: 2020 to 2027
  • TABLE 8: Humidity Sensor (Component) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
  • TABLE 9: Motion Sensor (Component) World Market Estimates and Forecasts by Region/Country in US$ Thousand: 2020 to 2027
  • TABLE 10: Motion Sensor (Component) Market Share Breakdown by Region/Country: 2020 VS 2027
  • TABLE 11: Other Components (Component) World Market by Region/Country in US$ Thousand: 2020 to 2027
  • TABLE 12: Other Components (Component) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
  • TABLE 13: Residential (End-Use) Sales Estimates and Forecasts in US$ Thousand by Region/Country for the Years 2020 through 2027
  • TABLE 14: Residential (End-Use) Global Market Share Distribution by Region/Country for 2020 and 2027
  • TABLE 15: Commercial (End-Use) Global Opportunity Assessment in US$ Thousand by Region/Country: 2020-2027
  • TABLE 16: Commercial (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2020 VS 2027
  • TABLE 17: Industrial (End-Use) Worldwide Sales in US$ Thousand by Region/Country: 2020-2027
  • TABLE 18: Industrial (End-Use) Market Share Shift across Key Geographies: 2020 VS 2027
III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • Market Facts & Figures
  • US Smart Thermostat Market Share (in %) by Company: 2019 & 2025
  • Market Analytics
  • TABLE 19: United States Smart Thermostat Market Estimates and Projections in US$ Thousand by Component: 2020 to 2027
  • TABLE 20: United States Smart Thermostat Market Share Breakdown by Component: 2020 VS 2027
  • TABLE 21: United States Smart Thermostat Latent Demand Forecasts in US$ Thousand by End-Use: 2020 to 2027
  • TABLE 22: Smart Thermostat Market Share Breakdown in the United States by End-Use: 2020 VS 2027
CANADA
  • TABLE 23: Canadian Smart Thermostat Market Estimates and Forecasts in US$ Thousand by Component: 2020 to 2027
  • TABLE 24: Smart Thermostat Market in Canada: Percentage Share Breakdown of Sales by Component for 2020 and 2027
  • TABLE 25: Canadian Smart Thermostat Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2020 to 2027
  • TABLE 26: Canadian Smart Thermostat Market Share Analysis by End-Use: 2020 VS 2027
JAPAN
  • TABLE 27: Japanese Market for Smart Thermostat: Annual Sales Estimates and Projections in US$ Thousand by Component for the Period 2020-2027
  • TABLE 28: Japanese Smart Thermostat Market Share Analysis by Component: 2020 VS 2027
  • TABLE 29: Japanese Demand Estimates and Forecasts for Smart Thermostat in US$ Thousand by End-Use: 2020 to 2027
  • TABLE 30: Smart Thermostat Market Share Shift in Japan by End-Use: 2020 VS 2027
CHINA
  • TABLE 31: Chinese Smart Thermostat Market Growth Prospects in US$ Thousand by Component for the Period 2020-2027
  • TABLE 32: Chinese Smart Thermostat Market by Component: Percentage Breakdown of Sales for 2020 and 2027
  • TABLE 33: Chinese Demand for Smart Thermostat in US$ Thousand by End-Use: 2020 to 2027
  • TABLE 34: Chinese Smart Thermostat Market Share Breakdown by End-Use: 2020 VS 2027
EUROPE
  • Market Facts & Figures
  • European Smart Thermostat Market: Competitor Market Share Scenario (in %) for 2019 & 2025
  • Market Analytics
  • TABLE 35: European Smart Thermostat Market Demand Scenario in US$ Thousand by Region/Country: 2018-2025
  • TABLE 36: European Smart Thermostat Market Share Shift by Region/Country: 2020 VS 2027
  • TABLE 37: European Smart Thermostat Market Estimates and Forecasts in US$ Thousand by Component: 2020-2027
  • TABLE 38: European Smart Thermostat Market Share Breakdown by Component: 2020 VS 2027
  • TABLE 39: European Smart Thermostat Addressable Market Opportunity in US$ Thousand by End-Use: 2020-2027
  • TABLE 40: European Smart Thermostat Market Share Analysis by End-Use: 2020 VS 2027
FRANCE
  • TABLE 41: Smart Thermostat Market in France by Component: Estimates and Projections in US$ Thousand for the Period 2020-2027
  • TABLE 42: French Smart Thermostat Market Share Analysis by Component: 2020 VS 2027
  • TABLE 43: Smart Thermostat Quantitative Demand Analysis in France in US$ Thousand by End-Use: 2020-2027
  • TABLE 44: French Smart Thermostat Market Share Analysis: A 7-Year Perspective by End-Use for 2020 and 2027
GERMANY
  • TABLE 45: Smart Thermostat Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Component for the Period 2020-2027
  • TABLE 46: German Smart Thermostat Market Share Breakdown by Component: 2020 VS 2027
  • TABLE 47: Smart Thermostat Market in Germany: Annual Sales Estimates and Forecasts in US$ Thousand by End-Use for the Period 2020-2027
  • TABLE 48: Smart Thermostat Market Share Distribution in Germany by End-Use: 2020 VS 2027
ITALY
  • TABLE 49: Italian Smart Thermostat Market Growth Prospects in US$ Thousand by Component for the Period 2020-2027
  • TABLE 50: Italian Smart Thermostat Market by Component: Percentage Breakdown of Sales for 2020 and 2027
  • TABLE 51: Italian Demand for Smart Thermostat in US$ Thousand by End-Use: 2020 to 2027
  • TABLE 52: Italian Smart Thermostat Market Share Breakdown by End-Use: 2020 VS 2027
UNITED KINGDOM
  • TABLE 53: United Kingdom Market for Smart Thermostat: Annual Sales Estimates and Projections in US$ Thousand by Component for the Period 2020-2027
  • TABLE 54: United Kingdom Smart Thermostat Market Share Analysis by Component: 2020 VS 2027
  • TABLE 55: United Kingdom Demand Estimates and Forecasts for Smart Thermostat in US$ Thousand by End-Use: 2020 to 2027
  • TABLE 56: Smart Thermostat Market Share Shift in the United Kingdom by End-Use: 2020 VS 2027
REST OF EUROPE
  • TABLE 57: Rest of Europe Smart Thermostat Market Estimates and Forecasts in US$ Thousand by Component: 2020-2027
  • TABLE 58: Rest of Europe Smart Thermostat Market Share Breakdown by Component: 2020 VS 2027
  • TABLE 59: Rest of Europe Smart Thermostat Addressable Market Opportunity in US$ Thousand by End-Use: 2020-2027
  • TABLE 60: Rest of Europe Smart Thermostat Market Share Analysis by End-Use: 2020 VS 2027
ASIA-PACIFIC
  • TABLE 61: Smart Thermostat Market in Asia-Pacific by Component: Estimates and Projections in US$ Thousand for the Period 2020-2027
  • TABLE 62: Asia-Pacific Smart Thermostat Market Share Analysis by Component: 2020 VS 2027
  • TABLE 63: Smart Thermostat Quantitative Demand Analysis in Asia-Pacific in US$ Thousand by End-Use: 2020-2027
  • TABLE 64: Asia-Pacific Smart Thermostat Market Share Analysis: A 7-Year Perspective by End-Use for 2020 and 2027
REST OF WORLD
  • TABLE 65: Rest of World Smart Thermostat Market Estimates and Forecasts in US$ Thousand by Component: 2020 to 2027
  • TABLE 66: Smart Thermostat Market in Rest of World: Percentage Share Breakdown of Sales by Component for 2020 and 2027
  • TABLE 67: Rest of World Smart Thermostat Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2020 to 2027
  • TABLE 68: Rest of World Smart Thermostat Market Share Analysis by End-Use: 2020 VS 2027
IV. COMPETITION
  • Total Companies Profiled: 47
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