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Global Smart Thermostat Market Analysis By Technology (Wired, Wireless - Wi-Fi, ZigBee, Others), Application, Components, By Region, By Country: Opportunities and Forecast (2012-2022)

Global Smart Thermostat Market Analysis By Technology (Wired, Wireless - Wi-Fi, ZigBee, Others), Application, Components, By Region, By Country: Opportunities and Forecast (2012-2022)

Executive Summary

The report by Azoth Analytics titled “Global Smart Thermostat Market Analysis By Technology (Wired, Wireless - Wi-Fi, ZigBee, Others), Application, Components, By Region, By Country: Opportunities and Forecast (2012-2022)” estimates that the market of smart thermostats has witnessed tremendous growth of ~ 20% globally in the period 2012-2017 and amounted to USD 1.36 billion in the year 2017.

A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Smart Thermostat Market By Technology (Wired, Wireless - Wi-Fi, ZigBee, Others), Application (Residential, Commercial, Others), Components (Temperature sensor, Humidity sensor, Power management, Others), By Region (North America, Europe, APAC and ROW) and By Country (U.S., Canada, Germany, France, U.K., China, Japan and UAE).

Rising government regulation and IoT expansion has increased the demand of smart thermostat; however, there are certain challenges that will need to be addressed, including the high cost of smart thermostat and lack of communication networking. Further, advancement in technologies and new inbuilt sensors will going to boost the global market in the forecast period. In the recent years, many leading manufacturing companies are dedicated in developing the smart thermostat technologies, with the major focus on to reduce the cost and improving smart device integration. The Wireless ZigBee and Z-Wave standards has also been started to further simplify the failure in the network system due to increasing complexity. Apart from using the smart thermostats in residential buildings, many manufacturing, mining and chemical industries have also raised the demand for smart thermostats for the automated temperature control.

According to Azoth Analytics research report “Global Smart Thermostat Market Analysis By Technology (Wired, Wireless - Wi-Fi, ZigBee, Others), Application, Components, By Region, By Country: Opportunities and Forecast (2012-2022)”, the global market is projected to display even higher growth represented by a CAGR of 35.29% during 2017 – 2022. The market will chiefly driven by increase in urbanization and rising carbon emission, growing internet users and smartphone penetration, government regulations to use energy saving devices and growing advancements in the thermostat technology. The wireless segment is rising at a higher rate due its advanced control through apps from any location, thereby gradually taking over the entire wired network. Among the regions, North America accounts for the largest regional share in the total smart thermostat market in 2016 while Asia Pacific region is predicted to advance at the highest rate, mainly driven by the growing economies in China, India with the growth in urban population, emerging industries and new smart infrastructure built and technological improvement in Singapore, South Korea, Vietnam, etc.

The report has covered and analysed the potential of Global Smart Thermostat Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global smart thermostat market. Additionally, the report also highlights market entry strategies for various companies across the globe.

Scope of the Report

Global Market (Actual Period: 2012-2016, Forecast Period: 2017-2022)

  • Smart Thermostat Market
  • By Application - Residential, Commercial, Others
  • By Components - Temperature sensor, Humidity sensor, Power management, Others
Regional Markets – North America, Europe, APAC, and RoW (Actual Period: 2012-2016, Forecast Period: 2017-2022)
  • Smart Thermostat Market
  • By Application - Residential, Commercial, Others
  • By Components - Temperature sensor, Humidity sensor, Power management, Others
Country Analysis - US, Canada, Germany, France, U.K., China, Japan and U.A.E. (Actual Period: 2012-2016, Forecast Period: 2017-2022)
  • Smart Thermostat Market Smart Thermostat Market
  • By Application - Residential, Commercial, Others
  • By Components - Temperature sensor, Humidity sensor, Power management, Others
Other Report Highlights
  • Market Dynamics – Trends, Drivers, Challenges
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Competitive Landscape
  • Pricing Analysis
  • Product Benchmarking of Key Industry Players Manufacturing Smart Thermostat, By Technology
  • Product Benchmarking of Key Industry Players Manufacturing Smart Thermostat, By Application
  • Policy and Regulatory Landscape
  • Company Analysis - Honeywell Inc., Nest, Ecobee, Quby, Tado, Carrier, Emerson Inc., Schneider Electric, Ingersoll Land Plc


1. Research Methodology
2. Executive Summary
3. Strategic Recommendation
3.1. Expansion of market through regional energy utilities
3.2. Asia Pacific Region to witness the fastest growth of Smart Thermostat Market in the forecast period
4. Smart Thermostat Outlook
Table A: Best thermostats in the market & Specifications
5. Global Smart Thermostat Market: Growth and Forecast
5.1. By Value (2012-2016)
Table 1: Global Smart Thermostat Market Size, By Value, 2012-2016 (USD Million)
5.2. By Value (2017-2022)
Table 2: Global Smart Thermostat Market Size, By Value, Forecast, 2017-2022 (USD Million)
Table 3: Global Energy Consumption in Homes and Buildings, By End Use, 2016 (%)
Table 4: World Urban Population, 2012-2016 (Millions)
Table 5: Global GDP, 2012-2016 (USD Trillion)
Table 6: Global Internet Users & Penetration Rate, 2012-2016
Table 7: Global Smart Home Devices Shipment 2015-2020F (Millions Units)
Table 8: Global & Regional Smart Home Penetration, 2016 VS 2020 (%)
Table 9: Percentage Demand of Smart Home Devices, 2016
6. Global Smart Thermostat Market- Segment Breakdown
6.1. Global Smart Thermostat Market-By Technology
Table 10: Global Smart Thermostat Market Size, By Technology, 2016 (%)
Table 11: Global Smart Thermostat Market Size, By Technology, 2022 (%)
6.1.1. By Value (2012-2022)
Table 12: Global Wireless Smart Thermostat Market, By Value, 2012-2016 (USD Million)
Table 13: Global Wireless Smart Thermostat Market, By Value, Forecast, 2017-2022(USD Million)
Table 14: Global Wired Smart Thermostat Market, By Value, 2012-2016 (USD Million)
Table 15: Global Wired Smart Thermostat Market, By Value, Forecast, 2017-2022(USD Million)
6.2. Global Smart Thermostat Market-By Wireless Technology
Table 16: Global Smart Thermostat Market Size, By Wireless Technology, 2016 (%)
Table 17: Global Smart Thermostat Market Size, By Wireless Technology, 2022 (%)
6.2.1. By Value (2012-2022)
Table 18: Global Wi-Fi Smart Thermostat Market, By Value, 2012-2016 (USD Million)
Table 19: Global Wi-Fi Smart Thermostat Market, By Value, Forecast, 2017-2022 (USD Million)
Table 20: Global ZigBee Smart Thermostat Market, By Value, 2012-2016 (USD Million)
Table 21: Global ZigBee Smart Thermostat Market, By Value, Forecast, 2017-2022(USD Million)
6.3. Global Smart Thermostat Market- By Application
Table 22: Global Smart Thermostat Market Size, By Application, 2016 (%)
Table 23: Global Smart Thermostat Market Size, By Application, 2022 (%)
6.3.1. By Value (2012-2022)
Table 24: Global Residential Smart Thermostat Market, By Value, 2012-2016 (USD Million)
Table 25: Global Residential Smart Thermostat Market, By Value, Forecast, 2017-2022(USD Million)
Table 26: Global Commercial Smart Thermostat Market, By Value, 2012-2016 (USD Million)
Table 27: Global Commercial Smart Thermostat Market, By Value, Forecast, 2017-2022(USD Million)
6.4. Global Smart Thermostat Market- By Components
Table 28: Global Smart Thermostat Market Size, By Components, 2016 (%)
Table 29: Global Smart Thermostat Market Size, By Components, 2022 (%)
6.4.1. By Value (2012-2022)
Table 30: Global Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million)
7. Global Smart Thermostats Market: Regional Analysis
7.1. Global Smart Thermostat Market, By Region: Breakdown (%)
7.1.1. Global Smart Thermostat Market Size, By Region, 2016 (%)
Table 31: Global Smart Thermostat Market Size, By Region, 2016 (%)
7.1.2. Global Smart Thermostat Market Size, By Region, 2022 (%)
Table 32: Global Smart Thermostat Market Size, By Region, 2022 (%)
Table 33: Smart Home Revenue Contribution, By Region, 2016 (%)
Table 34: Estimated Number of Smart Homes, Five Largest Market (Million Households)
8. North America Smart Thermostat Market: An Analysis
8.1. North America Smart Thermostat Market Size
8.1.1. By Value (2012-2016)
Table 35: North America Smart Thermostat Market Size, By Value, 2012-2016 (USD Million)
8.1.2. By Value (2017-2022)
Table 36: North America Smart Thermostat Market Size, By Value, Forecast, 2017-2022 (USD Million)
Table 37: North America, Connected Home Installed Base, 2013-2019F (Million Units)
Table 38: United States Residential Energy Consumption, By End Use, 2016 (%)
Table 39: United States Prevalence of Smart Technology, 2016 (%)
8.2. North America Smart Thermostat Market-By Technology
8.2.1. By Value (2012-2022)
Table 40: North America Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million)
8.3. North America Smart Thermostat Market- By Application
8.3.1. By Value (2012-2022)
Table 41: North America Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million)
8.4. North America Smart Thermostat Market: Country Analysis (U.S. and Canada)
Table 42: North America Smart Thermostat Market, Country Share, 2012-2016(% of Total)
Table 43: North America Smart Thermostat Market, Country Share, 2017-2022 (% of Total)
8.4.1. U.S. Smart Thermostat Market Size, By Value (2012-2022)
Table 44: U.S. Smart Thermostat Market Size, By Value, 2012-2022 (USD Million)
8.4.2. U.S. Smart Thermostat Market, By Technology, By Value (2012-2022)
Table 45: United States Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million)
8.4.3. U.S. Smart Thermostat Market, By Application, By Value (2012-2022)
Table 46: United States Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million)
8.4.4. U.S. Smart Thermostat Market, By Components, By Value (2012-2022)
Table 47: United States Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million)
8.4.5. Canada Smart Thermostat Market Size, By Value (2012-2022)
Table 48: Canada Smart Thermostat Market Size, By Value, 2012-2022 (USD Million)
8.4.6. Canada Smart Thermostat Market, By Technology, By Value (2012-2022)
Table 49: Canada Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million)
8.4.7. Canada Smart Thermostat Market, By Application, By Value (2012-2022)
Table 50: Canada Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million)
8.4.8. Canada Smart Thermostat Market, By Components, By Value (2012-2022)
Table 51: Canada Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million)
9. Europe Smart Thermostat Market: An Analysis
9.1. Europe Smart Thermostat Market size
9.1.1. By Value (2012-2016)
Table 52: Europe Smart Thermostat Market Size, By Value, 2012-2016 (USD Million)
9.1.2. By Value (2017-2022)
Table 53: Europe Smart Thermostat Market Size, By Value, Forecast, 2017-2022(USD Million)
Table 54: Europe Connected Home Installed Base, 2013-2019F (Million Units)
Table 55: Europe Current & Projected Building Sector Carbon Emission (MtC)
Table 56: Energy Consumption in Europe, By End User, 2016 (%)
9.2. Europe Smart Thermostat Market-By Technology
9.2.1. By Value (2012-2022)
Table 57: Europe Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million)
9.3. Europe Smart Thermostat Market- By Application
9.3.1. By Value (2012-2022)
Table 58: Europe Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million)
9.4. Europe Smart Thermostat Market: Country Analysis (Germany, U.K., France)
Table 59: Europe Smart Thermostat Market, Country Share, 2012-2016(% of Total)
Table 60: Europe Smart Thermostat Market, Country Share, 2017-2022 (% of Total)
9.4.1. Germany Smart Thermostat Market Size, By Value (2012-2022)
Table 61: Germany Smart Thermostat Market Size, By Value, 2012-2022 (USD Million)
9.4.2. Germany Smart Thermostat Market, By Technology, By Value (2012-2022)
Table 62: Germany Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million)
9.4.3. Germany Smart Thermostat Market, By Application, By Value (2012-2022)
Table 63: Germany Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million)
9.4.4. Germany Smart Thermostat Market, By Components, By Value (2012-2022)
Table 64: Germany Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million)
9.4.5. France Smart Thermostat Market Size, By Value (2012-2022)
Table 65: France Smart Thermostat Market Size, By Value, 2012-2022 (USD Million)
9.4.6. France Smart Thermostat Market, By Technology, By Value (2012-2022)
Table 66: France Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million)
9.4.7. France Smart Thermostat Market Size, By Application, By Value (2012-2022)
Table 67: France Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million)
9.4.8. France Smart Thermostat Market Size, By Components, By Value (2012-2022)
Table 68: France Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million)
9.4.9. U.K. Smart Thermostat Market Size, By Value (2012-2022)
Table 69: United Kingdom Smart Thermostat Market Size, By Value, 2012-2022 (USD Million)
9.4.10.U.K. Smart Thermostat Market, By Technology, By Value (2012-2022)
Table 70: United Kingdom Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million)
9.4.11.U.K. Smart Thermostat Market Size, By Application, By Value (2012-2022)
Table 71: United Kingdom Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million)
9.4.12.U.K. Smart Thermostat Market Size, By Components, By Value (2012-2022)
Table 72: United Kingdom Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million)
10. APAC Smart Thermostat Market: An Analysis
10.1. APAC Smart Thermostat Market size
10.1.1. By Value (2012-2016)
Table 73: Asia Pacific Smart Thermostat Market Size, By Value, 2012-2016 (USD Million)
10.1.2. By Value (2017-2022)
Table 74: Asia Pacific Smart Thermostat Market Size, By Value, Forecast, 2017-2022 (USD Million)
Table 75: Asia Pacific Projected Urban Population, 2010 VS 2015, (Millions)
Table 76: Asia Pacific Estimated Number of Smart Homes, By Leading Countries (Million Units)
Table 77: Energy Consumption in Asia Pacific, By End User, 2016 (%)
10.2. APAC Smart Thermostat Market-By Technology
10.2.1. By Value (2012-2022)
Table 78: Asia Pacific Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million)
10.3. APAC Smart Thermostat Market- By Application
10.3.1. By Value (2012-2022)
Table 79: Asia Pacific Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million)
10.4. APAC Smart Thermostat Market: Country Analysis (China, Japan)
Table 80: Asia Pacific Smart Thermostat Market, Country Share, 2011-2015 (% of Total)
Table 81: Asia Pacific Smart Thermostat Market, Country Share, 2016-2021 (% of Total)
10.4.1. China Smart Thermostat Market Size, By Value (2012-2022)
Table 82: China Smart Thermostat Market Size, By Value, 2012-2022 (USD Million)
10.4.2. China Smart Thermostat Market, By Technology, By Value (2012-2022)
Table 83: China Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million)
10.4.3. China Smart Thermostat Market Size, By Application, By Value (2012-2022)
Table 84: China Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million)
10.4.4. China Smart Thermostat Market Size, By Components, By Value (2012-2022)
Table 85: China Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million)
10.4.5. Japan Smart Thermostat Market Size, By Value (2012-2022)
Table 86: Japan Smart Thermostat Market Size, By Value, 2012-2022 (USD Million)
10.4.6. Japan Smart Thermostat Market, By Technology, By Value (2012-2022)
Table 87: Japan Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million)
10.4.7. Japan Smart Thermostat Market Size, By Application, By Value (2012-2022)
Table 88: Japan Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million)
10.4.8. Japan Smart Thermostat Market Size, By Components, By Value (2012-2022)
Table 89: Japan Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million)
11. RoW Smart Thermostat Market: An Analysis
11.1. RoW Smart Thermostat Market size
11.1.1. By Value (2012-2016)
Table 90: RoW Smart Thermostat Market Size, By Value, 2012-2016 (USD Million)
11.1.2. By Value (2017-2022)
Table 91: RoW Smart Thermostat Market Size, By Value, Forecast, 2017-2022(USD Million)
Table 92: Energy Consumption in Middle East & Africa, By End User, 2016 (%)
Table 93: Energy Consumption in UAE, By End User, 2016 (%)
11.2. RoW Smart Thermostat Market-By Technology
11.2.1. By Value (2012-2022)
Table 94: RoW Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million)
11.3. RoW Smart Thermostat Market- By Application
11.3.1. By Value (2012-2022)
Table 95: RoW Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million)
11.4. RoW Smart Thermostat Market: Country Analysis (U.A.E.)
11.4.1.U.A.E. Smart Thermostat Market Size, By Value (2012-2022)
Table 96: UAE Smart Thermostat Market Size, By Value, 2012-2022 (USD Million)
11.4.2.U.A.E. Smart Thermostat Market, By Technology, By Value (2012-2022)
Table 97: UAE Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million)
11.4.3.U.A.E. Smart Thermostat Market Size, By Application, By Value (2012-2022)
Table 98: UAE Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million)
11.4.4. U.A.E. Smart Thermostat Market Size, By Components, By Value (2012-2022)
Table 99: UAE Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million)
12. Market Dynamics
12.1. Global Smart Thermostat Market Growth Drivers
12.2. Global Smart Thermostat Market Challenges
Table 100: Percentage of Smart Thermostat Owners, listing preference of Buying (%)
13. Market Trends
14. Porter’s Five Forces Analysis –Smart Thermostat Market
15. SWOT Analysis –Smart Thermostat Market
16. Competitive Landscape
16.1. Pricing Analysis
Table B: Pricing Analysis of Smart Thermostat By Leading Companies
16.2. Product Benchmarking of Key Industry Players in Smart Thermostat, By Technology
Table C: Product Benchmarking of Key Industry Players in Smart Thermostat, By Technology
16.3. Product Benchmarking of Key Industry Players in Smart Thermostat, By Application
Table D: Product Benchmarking of Key Industry Players in Smart Thermostats, By Application
17. Policy and Regulatory Landscape
18. Company Profiles
18.1. Honeywell
Table 101: Honeywell Inc., Net Sales, 2012-2016 (USD Million)
Table 102: Honeywell Net Sales, By Business Segment, 2016 (%)
Table 103: Honeywell Net Sales, By Region, 2016 (%)
18.2. Nest
18.3. Ecobee
18.4. Tado
18.5. Quby
18.6. Emerson Inc.
Table 104: Emerson Net Sales, 2012-2016 (USD Billion)
Table 105: Emerson Sales, By Business Segment, 2016 (%)
Table 106: Emerson Sales, By Region, 2016 (%)
18.7. Carrier
Table 107: UTC, Climate, Control & Security; Net Sales, 2012-2016 (USD Billion)
Table 108: UTC, Climate, Control & Security; Net Sales, By Region, 2016 (%)
18.8. Schneider Electric
Table 109: Schneider Electric, Net Revenue, 2012-2016 (USD Billion)
Table 110: Schneider Electric, Net Revenue, By Business Segment, 2016 (%)
Table 111: Schneider Electric, Net Revenue, By Region, 2016 (%)
18.9. Ingersoll Land Plc.
Table 112: Ingersoll-Rand, Net Revenue, 2012-2016 (USD Billion)
Table 113: Ingersoll-Rand, Net Revenue, By Business Segment, 2016 (%)
Table 114: Ingersoll-Rand, Net Revenue, By Region, 2016 (%)

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