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Smart Thermostat Market in North America 2015-2019

Smart Thermostat Market in North America 2015-2019

About Smart Thermostat

A thermostat can be classified into two: smart thermostat and regular thermostat. A smart thermostat is a device that allows end-users to adjust room temperature settings remotely through cellphones and tablets. Smart thermostats help save on energy bills, and such devices find applications among commercial and domestic users.

Technavio's analysts forecast the smart thermostat market in North America to grow at a CAGR of 46.56% over the period 2015-2019.

Covered in this Report

Based on the operation, the smart thermostat market in North America can be segmented into three: Wi-Fi-enabled, ZigBee-enabled, and others.

Technavio's report, Smart Thermostat Market in North America 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America in detail; it also covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.Key Countries

  • Canada
  • Mexico
  • US
Key Vendors
  • Carrier
  • Ecobee
  • Honeywell International
  • Nest Labs
Other Prominent Vendors
  • Computime
  • Emerson
  • Energate
  • Ingersoll-Rand
  • Radio Thermostat Company of America
  • Tado
  • Trane
  • Venstar
Market Driver
  • Need for Energy Efficiency
  • For a full, detailed list, view our report
Market Challenge
  • Low Penetration of Smart Thermostats
  • For a full, detailed list, view our report
Market Trend
  • Growing Concern over Data Security
  • 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 North America 2015-2019

Technavio recognizes the following companies as the key players in the Smart Thermostat Market in North America: Carrier, Ecobee, Honeywell International and Nest Labs

Other Prominent Vendors in the market are: Computime, Emerson, Energate, Ingersoll-Rand, Radio Thermostat Company of America, Tado, Trane and Venstar

Commenting on the report, an analyst from Technavio’s team said: “Smart thermostats collect and store huge volumes of data to sense precise customer requirements, which vendors use to conduct R&D regarding the exact needs of their customers. The collection of data helps vendors design and develop smart thermostats with basic and add-on features that are most attractive to consumers. However, customers are concerned with the possibility that their information may be abused or stolen from the main server by hackers. Vendors must address such concerns and assure their customers of data security in order to sustain their business.”

According to the report, the concept of smart homes is gaining significance, as consumers prefer convenience in operating their home appliances. The use of artificial intelligence in home appliances leverages the products' ability to accurately predict consumer preferences based on past data. Advanced sensors offer the user complete operational control. Smart homes are gaining the most traction in the developed regions of Europe and North America, especially in the US, Germany, and the UK. Vendors in the smart thermostat market have identified this trend and are promoting smart thermostats as an alternate to ordinary thermostats in smart homes.

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 contributing to this lack of market traction.

Companies Mentioned

Carrier, Ecobee, Honeywell International, Nest Labs, Computime, Emerson, Energate, Ingersoll-Rand, Radio Thermostat Company of America, Tado, Trane, Venstar

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market Overview
    • Product Offerings
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Introduction
  • Market Landscape
    • Market Overview
    • Global Smart Thermostat Market by Product
      • Table Global Smart Thermostat Market by Product
    • Standalone Smart Thermostats
    • Networked Smart Thermostats
    • Smart Learning Thermostats
    • Market Size and Forecast
      • Table Global Smart Thermostat Market 2014-2019 ($ millions)
    • Five Forces Analysis
  • Market Segmentation by Technology
    • Smart Thermostat Market in North America by Technology
      • Table Smart Thermostat Market in North America by Technology 2014-2019
      • Table Smart Thermostat Market in North America by Technology 2014-2019 ($ millions)
    • Smart Thermostat Market in North America by Wi-Fi Technology
      • Market Size and Forecast
        • Table Smart Thermostat Market in North America by Wi-Fi Technology 2014-2019 ($ millions)
    • Smart Thermostat Market in North America by ZigBee Technology
      • Market Size and Forecast
        • Table Smart Thermostat Market in North America by ZigBee Technology 2014-2019 ($ millions)
  • Major Countries in North America
    • Segmentation of Smart Thermostat Market in North America by Country
      • Table Segmentation of Smart Thermostat Market in North America by Country 2014-2019
      • Table Segmentation of Smart Thermostat Market in North America by Country Growth Rates 2015-2019
    • Smart Thermostat Market in the US
      • Market Size and Forecast
        • Table Smart Thermostat Market in the US 2014-2019 ($ millions)
    • Smart Thermostat Market in Canada
      • Market Size and Forecast
        • Table Smart Thermostat Market in Canada 2014-2019 ($ millions)
    • Smart Thermostat Market in Mexico
      • Market Size and Forecast
        • Table Smart Thermostat Market in Mexico 2014-2019 ($ millions)
  • Buying Criteria
  • Market Growth Drivers
    • Table Smart Thermostat Market in North America
  • Drivers and their Impact
  • Market Challenges
    • Table Smart Thermostat Market in North America
  • Impact of Drivers and Challenges
  • Market Trends
    • Table Smart Thermostat Market in North America
  • Trends and their Impact
  • Vendor Landscape
    • Competitive Scenario
      • Mergers and Acquisitions
    • Other Prominent Vendors
  • Key Vendor Analysis
    • Carrier
      • Key Facts
      • Business Overview
      • Business Segmentation 2014
        • Table Global Military Electro-optical and Infrared Systems Market 2015-2019: Business Segmentation 2014
      • Recent Developments
      • SWOT Analysis
    • Ecobee
      • Key Facts
      • Business Overview
      • Business Offerings
        • Table Ecobee: Business Offerings
      • Business Segmentation
        • Table Ecobee: Business Segmentation
      • Recent Developments
      • SWOT Analysis
    • Honeywell International
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2014
        • Table Honeywell International: Business Segmentation by Revenue 2014
      • Business Segmentation by Revenue 2013 and 2014
        • Table Honeywell International: Business Segmentation by Revenue 2013 and 2014 ($ billions)
      • Geographical Segmentation by Revenue 2014
        • Table Honeywell International: Geographical Segmentation by Revenue 2014
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Nest Labs
      • Key Facts
      • Business Overview
      • Product Segmentation
        • Table Nest Labs: Product Segmentation 2013
      • Recent Developments
      • SWOT Analysis
  • Other Reports in this Series

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