Global Smart Thermostats Market 2022-2026

Global Smart Thermostats Market 2022-2026

Technavio has been monitoring the smart thermostats market and it is poised to grow by $ 4.11 bn during 2022-2026 progressing at a CAGR of 19.81% during the forecast period. Our report on the smart thermostats market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by growth in the number of HVAC equipment users, increasing popularity of smart homes, and government initiatives to promote the use of thermostats

The smart thermostats market analysis includes the technology segment and geographic landscape.

Technavio's smart thermostats market is segmented as below:

By Technology

• Wi-fi
• ZigBee
• Others

By Geographical Landscape

• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies the increasing focus on integrated building management systems as one of the prime reasons driving the smart thermostats market growth during the next few years. Also, voice-controlled thermostats and growth in net-zero buildings will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on smart thermostats market covers the following areas:

• Smart thermostats market sizing
• Smart thermostats market forecast
• Smart thermostats market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart thermostats market vendors that include Alphabet Inc., Carrier Global Corp., Centrica Plc, Computime Group Ltd., Control4 Corp., ecobee Inc., EcoFactor Inc., Emerson Electric Co., GridPoint Inc., Honeywell International Inc., Johnson Controls International Plc, Legrand SA, NETATMO SAS, Nortek Inc., Radio Thermostat Co. of America, Robert Bosch GmbH, Robertshaw Controls Co., Schneider Electric SE, tado GmbH, and Venstar Inc. Also, the smart thermostats market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

Alphabet Inc., Carrier Global Corp., Centrica Plc, Computime Group Ltd., Control4 Corp., ecobee Inc., EcoFactor Inc., Emerson Electric Co., GridPoint Inc., Honeywell International Inc., Johnson Controls International Plc, Legrand SA, NETATMO SAS, Nortek Inc., Radio Thermostat Co. of America, Robert Bosch GmbH, Robertshaw Controls Co., Schneider Electric SE, tado GmbH, Venstar Inc.