The global smart thermostat market is expected to
reach USD 2.99 billion by 2022. These thermostats enable users to remotely
control their air conditioning as well as heating systems through wireless
connectivity and mobile apps. Smart thermostats form an integral part of smart
homes and have gained high traction in developed regions such as Europe and
North America. The industry is anticipated to witness a high adoption of these
gadgets as they display the energy consumption level in real-time and are
capable of adjusting to ambient conditions automatically. These devices can be
connected to the internet and offer analytics and performance measurement tools
through web-based portals. They are usually an integral part of the home
automation ecosystem.
Access
Sample Report of this report @ https://www.radiantinsights.com/research/smart-thermostat-market/request-sample
Energy utility retailers play a vital role in
promoting the adoption of these devices in households. Many utilities offer
these products as a part of their home energy management schemes. The
involvement of energy retailers amplifies the potential for the smart
thermostat industry growth. Additionally, the proliferation of mobile phones
and their convergence with thermostats make these products much more attractive
for the end-users.
The growing penetration of smartphones, rising per
unit energy costs, the need for effective energy management solutions, and the
favorable regulatory scenario are expected to propel the market growth over the
coming years. The increased penetration of Near Field Communication (NFC) and
ZigBee home automation devices is further expected to augment the demand.
However, the high cost of devices and the associated data security concerns may
restrain the growth prospects of this industry.
Access
Full Report With TOC @ https://www.radiantinsights.com/research/smart-thermostat-market
Further
Key Findings From the Study Suggest:
·
The market primarily includes devices
based on connectivity technologies such as Wi-Fi, ZigBee, and other
technologies including NFC, Bluetooth, and Ethernet. ZigBee-enabled devices are
expected to gain a significant share with the increasing consumers' shift toward
home automation devices.
·
North America and Europe, together,
accounted for about 90% of the overall market share (in terms of revenue) in
2015 owing to the high demand for such devices in the region and favorable
government mandates. The surge in the constructional activities and growing popularity
of smart homes is expected to spur the demand.
·
Key players, including Honeywell
International, Inc., Nest Labs, Inc. (Google), and Ecobee, together, accounted
for over 40% of the overall market share (in terms of revenue) in 2015. OEMs
have been focusing on the development of new products as well as upgrading the
existing product portfolio. Strategic agreements and collaborations have been
practiced for gaining competitive advantage.
About
Radiant Insights
Radiant Insights is a platform for companies looking
to meet their market research and business intelligence requirements. We assist
and facilitate organizations and individuals procure market research reports,
helping them in the decision making process. We have a comprehensive collection
of reports, covering over 40 key industries and a host of micro markets. In
addition to over extensive database of reports, our experienced research
coordinators also offer a host of ancillary services such as, research
partnerships/ tie-ups and customized research solutions.
Media
Contact:
Michelle Thoras
201 Spear Street 1100,
Suite 3036, San Francisco,
CA 94105, United States
Tel: 1-415-349-0054
Toll Free: 1-888-928-9744
Mail: sales@radiantinsights.com
Web: http://www.radiantinsights.com/
Michelle Thoras
201 Spear Street 1100,
Suite 3036, San Francisco,
CA 94105, United States
Tel: 1-415-349-0054
Toll Free: 1-888-928-9744
Mail: sales@radiantinsights.com
No comments:
Post a Comment