DUBLIN, October 10, 2017 /PRNewswire/ --
The "Global Smart Thermostats Market 2017-2021" report has been added to Research and Markets' offering.
The global smart thermostats market to grow at a CAGR of 19.00% during the period 2017-2021.
Global Smart 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.
According to the report, one of the major drivers for this market is Growth in number of HVAC equipment users. HVAC systems are being increasingly adopted globally for their energy efficiency. With the help of heating and air conditioning equipment, the temperature can be maintained within a household. Smart thermostats help in monitoring and controlling the temperature from remote locations also. Therefore, the growth in the construction of residential and commercial buildings is expected to drive the demand for HVAC equipment, thereby spurring the demand for smart thermostats.
The latest trend gaining momentum in the market is Limited penetration of smart thermostats in APAC. The penetration of smart home products and devices has been significantly lower in APAC countries like India and China when compared with the countries in the Americas and Europe. Smart home products like smart thermostats are specifically designed for the Americas and Europe. The products that are developed for those countries cannot be directly adopted in the Indian market. The lifestyles and environment in India and China are substantially different from that in other countries.
Further, the report states that one of the major factors hindering the growth of this market is High initial prices affect the demand for smart thermostats. The high initial cost of smart thermostats is one of the primary challenges faced by the consumers. Most of the thermostats offered by major vendors like Nest Labs, Honeywell International, and ecobee are the do-it-yourself (DIY) type, which poses a challenge to most consumers.
- Honeywell International
- Nest Labs
Other prominent vendors
- Bosch Thermotechnology
- Radio Thermostat Company of America
- Robertshaw Climate
- Schneider Electric
Key Topics Covered:
- Executive Summary
- Scope Of The Report
- Research Methodology
- Market Landscape
- Market Segmentation By Technology
- Geographical Segmentation
- Decision Framework
- Drivers And Challenges
- Market Drivers
- Market Challenges
- Market Trends
- Vendor Landscape
- Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/ddtpwg/global_smart
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