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