European Smart Thermostats Market, Forecast to 2022

European Smart Thermostats Market, Forecast to 2022

Partnerships with Energy Utilities will Drive the Next Wave of Growth

RELEASE DATE
19-Apr-2018
REGION
Europe
Research Code: 9AAF-00-4B-00-00
SKU: EN01062-EU-MR_21791

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Description

Smart thermostats are a key component of the fast-growing connected homes ecosystem. In the next 5 years, the broadening range of products on offer will attract customers wanting comfort, convenience, and energy savings offered with home automation. The improving quality of Wi-Fi in homes will boost the smart thermostat market; it will also benefit from the growth in other connected home solutions, such as home hubs that are compatible with smart thermostats.

In terms of sales channels, energy utilities, and retail sales channels (especially online sales) will witness the fastest growth in the years to 2022. Energy utilities will continue to use devices such as smart thermostats to drive customer engagement, loyalty, and data gathering.

In 2017, the market penetration rate of smart thermostats in European homes was just 2.5%; this shows that despite recent growth this is still a nascent market. However, with strong growth anticipated, market penetration will rise rapidly to approach 20% by 2022.

Voice-over technology, gesture control, machine learning and artificial intelligence are the key technologies driving the growth in smart thermostats and associated solutions in Europe.

This study examines the growth outlook for smart thermostats in Europe—both at a regional and country level—and explores the technology, competition, and market developments that will drive the transformation of the industry.

The market remains quite consolidated at the top end with the leading 5 suppliers accounting for 57.3% in 2017. However, this will decline in the next few years, as new participants come to the market and the supply base fragments as new countries experience growth.
Leading market participants include Nest Labs, Honeywell, British Gas (Hive), eQ-3, Climote, Danfoss, Netatmo, Heatapp, Genius Hub, tado°, Ngenic, and Eneco (Toon).

Key Issues Addressed

  • Is the market growing? How long will it continue to grow, and at what rate?
  • What is the actual and total addressable market for smart thermostats in 2017 and 2022?
  • What are the current technologies prevalent in the smart thermostats market? Will there be any technology transition over the next 5 years?
  • How will partnerships with energy utilities benefit market participants in the next 5 years?
  • What are the growth opportunities and critical success factors for participants to survive and compete in this market?

Table of Contents

Key Findings

Key Findings (continued)

CEO’s 360 Degree Perspective

3 Big Predictions

Market Definitions

Market Definitions (continued)

Influential HVAC Industry Trends

Distribution Channel Analysis

Market Segmentation by Country

Key Questions this Study will Answer

Key Market Drivers and Restraints

Market Drivers

Drivers Explained

Drivers Explained (continued)

Market Restraints

Restraints Explained

Unit Shipment and Revenue Forecast

Pricing Trends and Forecast

Revenue Forecast, Unit Shipment, and Pricing Trends Discussion

Revenue Forecast and Percent Revenue Forecast by Region

Unit Shipment Forecast by Country

Revenue Forecast by Country

European Smart Thermostats Market Hot Spots

Market Share

Market Share Analysis

Market Share Analysis (continued)

Competitive Environment

Smart HVAC Landscape & Ecosystem

Selection of Start-ups and Recent Entrants in the Smart Thermostat Ecosystem

Selection of Start-ups and Recent Entrants in the Smart Thermostat Ecosystem (continued)

The United Kingdom—Market Snapshot

Germany—Market Snapshot

France—Market Snapshot

Italy—Market Snapshot

Spain—Market Snapshot

Nordics Key Findings

Benelux Key Findings

RoE Key Findings

Legal Disclaimer

List of Exhibits

List of Exhibits (continued)

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
Smart thermostats are a key component of the fast-growing connected homes ecosystem. In the next 5 years, the broadening range of products on offer will attract customers wanting comfort, convenience, and energy savings offered with home automation. The improving quality of Wi-Fi in homes will boost the smart thermostat market; it will also benefit from the growth in other connected home solutions, such as home hubs that are compatible with smart thermostats. In terms of sales channels, energy utilities, and retail sales channels (especially online sales) will witness the fastest growth in the years to 2022. Energy utilities will continue to use devices such as smart thermostats to drive customer engagement, loyalty, and data gathering. In 2017, the market penetration rate of smart thermostats in European homes was just 2.5%; this shows that despite recent growth this is still a nascent market. However, with strong growth anticipated, market penetration will rise rapidly to approach 20% by 2022. Voice-over technology, gesture control, machine learning and artificial intelligence are the key technologies driving the growth in smart thermostats and associated solutions in Europe. This study examines the growth outlook for smart thermostats in Europe—both at a regional and country level—and explores the technology, competition, and market developments that will drive the transformation of the industry. The market remains quite consolidated at the top end with the leading 5 suppliers accounting for 57.3% in 2017. However, this will decline in the next few years, as new participants come to the market and the supply base fragments as new countries experience growth. Leading market participants include Nest Labs, Honeywell, British Gas (Hive), eQ-3, Climote, Danfoss, Netatmo, Heatapp, Genius Hub, tado°, Ngenic, and Eneco (Toon).--BEGIN PROMO--

Key Issues Addressed

  • Is the market growing? How long will it continue to grow, and at what
More Information
No Index No
Podcast No
Author Harini Shankar
Industries Environment
WIP Number 9AAF-00-4B-00-00
Is Prebook No
GPS Codes 9343-A4,9596,9835-A4,9B07-C1,GETE