Emergen Research latest document, titled ‘Global Smart Thermostats Market - Forecast to 2027,’ is one of the most sought-after market reports involving an in-depth analysis of the global Smart Thermostats market. The report’s authors have offered necessary details on the latest Smart Thermostats market trends and the crucial parameters impacting both short-term and long-term market growth.
The global smart thermostat market size was USD 2.99 Billion in 2022 and is expected to register a revenue CAGR of 20.8% during the forecast period, according to the latest analysis by Emergen Research. Rapid adoption of Internet of Things (IoT)-enabled Heating, Ventilation, and Air Conditioning (HVAC) systems and rising demand for voice-assisted home automation systems are major factors driving revenue growth of the market. Smart home devices such as Amazon Alexa and Google Home enable users to use voice commands to make inquiries and play music. Smart thermostats that are integrated and connected provide the feasibility of learning household patterns and adjusting heating and cooling according to when a home is occupied or is about to be occupied. This reduces the use of heating and cooling systems thereby significantly reducing energy bills.
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Market Scope:
One of the report’s central components is the broad Smart Thermostats market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production consumption rates, demand supply ratio, and revenue generation forecasts over the estimated period.
The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Smart Thermostats market players.
Leading Players Profiled in the Report:
Trane Technologies, Siemens, Legrand, Johnson Controls, Resideo Technologies Inc., Nortek, Bosch Thermotechnik GmbH, Zen Within Inc., Vine Connected Corporation, Mrcool
Segmental Analysis
The global Smart Thermostats market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Smart Thermostats sector in a strategic manner.
The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
Connectivity Technology Outlook (Revenue, USD Billion; 2019-2032)
- Wireless Network
- Wired Network
Product Outlook (Revenue, USD Billion; 2019-2032)
- Standalone Smart Thermostat
- Connected Smart Thermostat
- Learning Smart Thermostat
End-use Outlook (Revenue, USD Billion; 2019-2032)
- Industrial
- Hospital
- Educational Institutes
- Others
Key geographical areas:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
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Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Smart Thermostats market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Smart Thermostats market size
2.2 Latest Smart Thermostats market trends
2.3 Key growth trends - Competitive Landscape
3.1 Global Smart Thermostats market key players
3.2 Global Smart Thermostats size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Smart Thermostats market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
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