GLOBAL SMART THERMOSTAT MARKET

 

INTRODUCTION

Smart Thermostat can be used to control home automation and Smart Thermostats are responsible for home’s ventilation, heating and Air Conditioning. Smart thermostats are Wi Fi dependent devices.

Programmable thermostats are not automatic but smart thermostats are beyond programmable thermostats . Smart Thermostats learn from user behavior, following the temperature changes the user makes and begin applying those changes on its own.

 

 

There are different types of smart thermostats based on the technology they use.

• Geofencing thermostats
• Learning Algorithm thermostats
• Motion Sensor thermostats

 

GLOBAL SMART THERMOSTAT MARKET SIZE AND FORECAST

The Global Smart Thermostat Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2027, registering a CAGR of XX% from 2022 to 2027.

 

RECENT DEVELOPMENTS IN GLOBAL SMART THERMOSTAT MARKET

 

Sl.No.	Company	Year	Developments
	Emerson Electric	March, 2022	Emerson Electric and Itron partnered to offer Smart Thermostats for Demand Response Programs
2.	Alphabet	Oct, 2020	Google introduced a new Nest Thermostat that uses Radar to detect when you are nearby.
3.	ecobee	Dec, 2021	Ecobee smart thermostat enabled with Apple’s Siri Voice control.
4.	Johnson Controls	June, 2020	Johnson Controls launched the latest addition to its suite LUX® Products , LUX CS1 Smart Thermostat.

 

COMPANY PROFILES

• Emerson Electric 
• Alphabet (Google Nest)
• Lennox International
• ecobee
• Honeywell International
• Johnson Controls
• Bosch Thermotechnology Corp

 

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average selling price in the Global Smart Thermostat Market right now and how will it change in the next 5-6 years? 
2. Market share of Global Smart Thermostat Market manufacturers and their upcoming products.
3. Cost advantage for OEMs who manufacturers Global Smart Thermostat Market  in-house
4. 5 key predictions for the next 5 years in the Global Smart Thermostat Market.
5. Latest trends in Global Smart Thermostat Market, by every market segment
6. The market size (both volume and value) of Global Smart Thermostat Market in 2022-2027 and every year in between
7. Global production breakup of Global Smart Thermostat Market, by suppliers and their OEM relationship.
8. What is happening overall in the Global Smart Thermostat Market.
9. Who are the major players in the Global Smart Thermostat Market?
10. What are the business opportunities in the Global Smart Thermostat Market?
11. What is the target group ?
12. What are the strategies for the Global Smart Thermostat Market in the next 5 years?