DUBLIN, Oct. 01 2015 /PRNewswire/ --
Research and Markets(http://www.researchandmarkets.com/research/lg82tz/smart_thermostat) has announced the addition of the "Smart Thermostat Market by Component , Network Connectivity (Wired, Wireless), Application (Residential, Office Building, Industrial Building, Educational Institutional, Retail, Hospitality, and Healthcare), and Geography - Forecast to 2020" report to their offering.
The application of this technology in residential buildings held the largest share of the market and this market is expected to grow at the highest CAGR of 35.64% between 2015 and 2020.
Some of the major players in this market include Nest Labs (U.S.), Honeywell international (U.S.), Ecobee (Canada), Schneider Electric SE (France), Emerson Electric Co. (U.S.), Tado (Germany), Control4 Corporation (U.S.), Ingersoll Rand (Ireland), Carrier Corporation (U.S.), and Nortek, Inc. (France).
In this report, the drivers, restraints, opportunities, and challenges for the smart thermostat market have been covered. The major driving factors for this market are government initiatives and mandates, requirement for energy-saving devices and the growing smart home market. The restraints for this market include the risk of false triggering of switches by sensors leading to improper temperature adjustments.
Smart thermostats have proven beneficial in a wide range of applications and is gaining attention over the past decade owing to its advantages and the increasing awareness among customers. The growing urbanization, rise in population, and the requirement for connected devices in smart homes act as drivers for this market. The encouragement from the government for energy-saving devices further contributes to the growth of the smart thermostat market.
Smart thermostat is an emerging technology and this market has a potential for growth in various applications such as residential, industrial buildings, educational institutions, office buildings, retail, hospitality, and healthcare. The advanced features of smart thermostat, increasing demand for energy-saving devices, and the government initiative for energy saving provide an impetus for the adoption of smart thermostats all over the world.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Smart Thermostat Market, By Component
8 Smart Thermostat Market, By Network Technology
9 Smart Thermostat Market, By Application
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
- Carrier Corporation
- Control4 Corporation
- Ecobee, Inc.
- Emerson Electric Co.
- Honeywell International Inc.
- Ingersoll Rand PLC
- Nest Labs, Inc.
- Nortek, Inc.
- Schneider Electric SE
- Tado GmbH
For more information visit http://www.researchandmarkets.com/research/lg82tz/smart_thermostat
Media Contact: Laura Wood , +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets