Global Low Voltage Thermostats Market Report 2017-2021: Driven by Growing Number of Smart Homes

DUBLIN, September 6, 2017 /PRNewswire/ --

The "Global Low Voltage Thermostats Market 2017-2021" report has been added to Research and Markets' offering.

The global low voltage thermostats market is forecast to grow at a CAGR of 13.18% during the period 2017-2021.

The report, Global Low Voltage Thermostats Market 2017-2021, 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.

The latest trend gaining momentum in the market is the growing number of smart homes. Smart homes are gaining popularity globally as consumers give higher preference to comfort and convenience. Smart homes use electronic communication devices such as smartphones or tablets to connect domestic appliances like air conditioning units, lighting systems, television, computer, heating systems, security devices, and cameras. The global smart homes market is expected to grow exponentially during the forecast period due to the increase in the adoption of smart devices. These devices can be controlled remotely and can report their own maintenance needs, which makes it more convenient for the consumer.

According to the report, one of the major drivers for this market is the growth of commercial building sector. The commercial sector has witnessed significant growth with the increase in the construction of office buildings, data centers, and healthcare facilities.

Further, the report states that one of the major factors hindering the growth of this market is the high initial prices affect the demand for smart thermostats. One of the primary challenges faced by the consumers is the high initial cost of smart thermostats. These thermostats are more expensive than traditional thermostats. The lack of awareness about the benefits of smart thermostats can also hamper the demand for low voltage thermostats. Most smart thermostat manufacturers like Nest Labs, Honeywell International, and ecobee offer devices that are do-it-yourself (DIY) type; however, many consumers find it difficult to install the thermostats themselves, thereby needing to hire professionals, who charge heavily for their services.

Key vendors

• Carrier
• Emerson
• Honeywell International
• Schneider Electric

Other prominent vendors

• EcoFactor
• GridPoint
• Ingersoll Rand-Trane
• Others
  

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Type

Part 07: Geographical Segmentation

Part 08: Decision Framework

Part 09: Drivers And Challenges

Part 10: Market Trends

Part 11: Vendor Landscape

Part 12: Key Vendor Analysis

Part 13: Appendix
 
For more information about this report visit https://www.researchandmarkets.com/research/p48ggl/global_low

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