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Global ZigBee-enabled Smart Thermostat Market 2016-2020

Global ZigBee-enabled Smart Thermostat Market 2016-2020

About ZigBee-enabled Smart Thermostat

Smart thermostats are used to adjust indoor ambient temperatures and humidity levels. It is an enhanced version of conventional thermostats: smart thermostats combine software, sensors, online connectivity, algorithms, and consumer-friendly interfaces to save on energy and promote electricity conservation. Several wireless technologies such as ZigBee and Wi-Fi are used to connect smart thermostats with mobile computing devices such as smartphones and tablets. Wireless technologies enable consumers to control and manage their smart thermostats from anywhere in the home.

The ZigBee standard is a wireless technology that enables device-to-device communication in any market. ZigBee operates on Institute of Electrical and Electronics Engineers (IEEE) 802.15.4 physical radio specification in unauthorized bands that include 2.4 GHz, 900 MHz, and 868 MHz. ZigBee is an open global standard with added benefits such as low-cost and low-power wireless machine-to-machine (M2M) networks.

Technavio’s analysts forecast the global ZigBee-enabled smart thermostat market to grow at a CAGR of 67.45% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global ZigBee-enabled smart thermostat market during 2016-2020. It includes a brief description of various ZigBee standards and an overview of other wireless industry standards. The report provides a detailed comparison of various competing wireless technologies.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global ZigBee-enabled Smart Thermostat Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Carrier
  • Centralite Systems
  • Control4
  • ecobee
  • Energate
  • Fidure
  • Honeywell
  • Leviton
Market driver
  • Rise in ZigBee Alliance membership
  • For a full, detailed list, view our report
Market challenge
  • Threat from competing technologies
  • For a full, detailed list, view our report
Market trend
  • Increased popularity of smart homes
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global ZigBee-enabled Smart Thermostat Market 2016-2020

Technavio recognizes the following companies as the key players in the Global ZigBee-enabled Smart Thermostat Market: Carrier, Centralite Systems, Control4, ecobee, Energate, Fidure, Honeywell, and Leviton.

Commenting on the report, an analyst from Technavio’s team said: “Smart homes are major driving forces for ZigBee, which is an open standard and accepted worldwide. With the advantages of low power consumption, enhanced security, and interoperability, ZigBee is being recognized as one of the most reliable and cost-effective technologies for connecting the world of smart-home sentrollers by industry participants. Therefore, Technavio expects that the growing number of smart homes will lead to a rise in the adoption ZigBee technology for smart thermostats.”

According to the report, the rapidly emerging IoT market worldwide is prompting different industries to join ZigBee Alliance. The alliance offers global wireless standards. It aids member companies in developing products that are compatible with ZigBee-certified products. Currently, the alliance has more than 400 members, working collaboratively to develop simple and easy-to-use ZigBee standards and products that define the IoT for use in consumer, commercial, and industrial applications.

Further, the report states that the high cost of smart thermostats is proving to be a major hurdle for market growth."

Companies Mentioned

Carrier, Centralite Systems, Control4, ecobee, Energate, Fidure, Honeywell, Leviton.

  • Executive summary
    • Highlights
  • Scope of the report
    • Base year
    • Market coverage
    • Market size calculation
    • Geographical segmentation
    • Vendor segmentation
      • Table Major vendors
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table ZigBee communication process
      • Table ZigBee protocol stack
      • Table ZigBee mesh network
    • Attributes of ZigBee mesh
      • Table Attributes of ZigBee mesh
    • Potential benefits of ZigBee
    • ZigBee applications
      • Table Applications of ZigBee
  • Overview of ZigBee standard
    • ZigBee
    • ZigBee RF4CE
    • ZigBee PRO
    • ZigBee IP
    • ZigBee remote control 2.0
    • ZigBee 3.0
  • Overview of wireless industry alliance
    • 6LoWPAN
    • Consortium for Smart Energy Profile 2 Interoperability
    • HomePlug Powerline Alliance
    • Wi-Fi Alliance
    • ZigBee Alliance
    • Z-Wave Alliance
  • Market landscape
    • Market overview
      • Table Comparison of preferred wireless technologies among IoT solution providers
    • Market size and forecast
      • Table Global ZigBee-enabled smart thermostat market (millions of units)
      • Table Global smart thermostat market ($ millions)
    • Market analysis
      • Table Bandwidth comparison of 1G to 5G technologies
    • Five forces analysis
      • Table Five forces analysis
  • Geographical segmentation
    • Table Global ZigBee-enabled smart thermostat market by geography
    • Americas
    • EMEA
    • APAC
  • Market drivers
    • Rise in ZigBee Alliance membership
    • Emergence of various ZigBee standards to support IoT devices
    • Need for low-energy wireless technology
    • Increase in demand for energy-efficient HVAC equipment
    • Rise in power prices
      • Table Electricity tariffs in selected countries 2015 (KW/hr)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Threat from competing technologies
    • High initial cost of smart thermostats
    • Cluttered ZigBee profiles
    • Lack of support from government authorities
    • Lack of awareness regarding ZigBee technology
    • Limited throughput
    • Multicasting
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increase in inclination for smart homes
      • Table Number of smart homes worldwide 2015-2020 (millions of units)
      • Table Smart homes penetration rate 2015-2020 (% share)
    • Rise in diversity of IoT standards
    • Promotion of smart thermostats by government authorities
    • Emergence of DIY systems
  • Vendor landscape
    • Competitive scenario
      • Table Competitive scenario for global ZigBee-enabled smart thermostat market
  • Appendix
    • List of abbreviations
  • Explore Technavio

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