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Smart Thermostat Market in APAC 2015-2019

Smart Thermostat Market in APAC 2015-2019

About Smart Thermostat

A smart thermostat uses sensors to control and regulate temperature remotely or through smart devices such as smartphones, tablets, and desktops. The settings can be changed as per the time of the day. It even learns and adapts as per the daily usage of the house occupants.

Technavio’s analysts forecast the smart thermostat market in APAC to grow at a CAGR of 63.98% during the period 2015-2019.

Covered in this report

The report covers the present scenario and the growth prospects of the smart thermostat market in APAC for the period 2015-2019. To calculate the market size, the report considers:

  • Revenue generated exclusively from smart thermostats, which are Wi-Fi-enabled programmable thermostats.
  • Smart thermostat devices used in houses
Technavio's report, Smart Thermostat Market in APAC 2015-2019, 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
  • Ecobee
  • Honeywell
  • Nest
Other prominent vendors
  • Emerson
  • Energate
  • Ingersoll-Rand
Market driver
  • Increasing smart homes market
  • For a full, detailed list, view our report
Market challenge
  • Energy efficient remodelling homes
  • For a full, detailed list, view our report
Market trend
  • Pricing strategy
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 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 – Smart Thermostat Market in APAC 2015-2019

Technavio recognizes the following companies as the key players in the Smart Thermostat Market in APAC: Carrier, Ecobee, Emerson, Energate, Honeywell, Nest and Trane

Other Prominent Vendors in the market are: Ingersoll-Rand plc.

Commenting on the report, an analyst from Technavio’s team said: “The market in APAC is at a nascent stage. To drive the market, vendors are adopting different pricing strategies. Coupons are a quick way to entice customers by offering coupons as an incentive whether vendors are launching new products or trying to reduce excess inventory , . This trend is common in the US and the UK.”

According to the report, the global demand for electricity has been rising continuously in response to widespread industrialization, increasing populations, and growing energy consumption. Electricity charges account for a huge part of consumers’ monthly utility bills. Homeowners need to minimize energy consumption to reduce costs. Smart thermostats help users monitor their heating and cooling patterns and remotely monitor appliances so that they can conserve energy.

Further, the report states that ineffective marketing by vendors, the lack of awareness about the benefits of smart thermostats, and the inability to quantify the exact benefits are factors preventing the market from growing.

Companies Mentioned

Carrier, Ecobee, Emerson, Energate, Honeywell, Nest, Trane, Ingersoll-Rand plc.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global thermostat market overview
    • Thermostats
    • Smart thermostats
      • Table Schedules of normal and smart thermostats
    • Market size and forecast
      • Table Smart thermostat market in APAC 2014-2019 ($ millions)
      • Table Smart thermostat market in APAC 2014-2019 (units in thousands)
    • ASP trend
      • Table ASP of smart thermostat 2014-2019 (per unit)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by technology
    • Smart thermostat market segmentation by technology Market size and forecast
      • Table Smart thermostat market in APAC by technology 2014-2019
    • Smart thermostat market in APAC by Wi-Fi
      • Table Smart thermostat market in APAC by Wi-Fi 2014-2019 ($ millions)
    • Smart thermostat market in APAC by ZigBee
      • Table Smart thermostat market in APAC by ZigBee 2014-2019 ($ millions)
    • Smart thermostat market in APAC by others
      • Table Smart thermostat market in APAC by others 2014-2019 ($ millions)
  • Key leading countries
    • Table Key leading countries
    • China
      • Table Drivers, challenges, and trends in smart thermostats market in China
    • Japan
      • Table Drivers, challenges, and trends in smart thermostat market in Japan
    • South Korea
      • Table Drivers, challenges, and trends in smart thermostat market in South Korea
  • Market drivers
    • Growing smart homes market
      • Table Smart home market in APAC 2014-2019 ($ billions)
    • Increase in power prices
      • Table Electricity tariffs in selected countries 2014 (KW/hr)
    • Government regulations
    • Booming e-commerce in Asia
      • Table E-commerce retail sales 2014 ($ billions)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Energy-efficient remodeling homes
    • Lack of awareness of smart thermostats
    • High prices of smart thermostats
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Pricing strategy
    • Increasing energy consumption
      • Table Energy production and consumption trend (crude oil, shale oil, oil sands, and natural gas liquids) in APAC (billion barrels)
    • Increased channel partnering
    • Open source smart thermostats
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Carrier
      • Table Carrier: Product segmentation
    • ecobee
      • Table ecobee: Business segmentation
    • Honeywell International
      • Table Honeywell International: Business segmentation by revenue 2014
      • Table Honeywell International: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Honeywell International: Geographical segmentation by revenue 2014
    • Nest Labs
  • Appendix
    • List of abbreviation
  • Explore Technavio

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