Frost Radar™: Global Smart Thermostats Market, 2020

Frost Radar™: Global Smart Thermostats Market, 2020

A Benchmarking System to Spark Companies to Action—Innovation that Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
08-Sep-2020
REGION
North America
Research Code: K460-01-00-00-00
SKU: EN01203-GL-MR_24652
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$4,950.00
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Description

Smart thermostats have changed the way home appliances are controlled for better living conditions. They learn about the heating and cooling preferences in a household and adjust settings automatically, and allow for access of real-time and historical data to optimize performance when a space is unoccupied.

The global smart thermostat market is on a growth trajectory. Revenue reached $2.03 billion in 2019; by 2025, Frost & Sullivan expects it to reach $4.81 billion, triggered by the penetration of smart home solutions and rising demand for energy- and cost-saving technologies. North America and Europe have been and will continue to be the top growth markets. Sales in the Asia-Pacific region and the Middle East will be concentrated in a few countries, including China, Japan, and the United Arab Emirates.

Manufacturers are developing home monitoring platforms (with smart thermostats as a central component) that can communicate with room sensors, security cameras, and door/window sensors to ensure occupant security. Market drivers include smart thermostats’ role in demand response and smart home automation devices, though cybersecurity and compatibility with legacy systems are persistent concerns.

The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.

RESEARCH: INFOGRAPHIC

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Table of Contents

Strategic Imperative

Growth Environment

Frost Radar™: Global Smart Thermostats Market

Frost Radar™: Competitive Environment

Cosa

Danfoss

Ecobee

Emerson

eQ-3

Geo

Hive

Honeywell

iDevices

Johnson Controls

Lux

Nest Labs

Netatmo

tado°

Zen Ecosystems

Strategic Insights

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’s Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

Legal Disclaimer

Smart thermostats have changed the way home appliances are controlled for better living conditions. They learn about the heating and cooling preferences in a household and adjust settings automatically, and allow for access of real-time and historical data to optimize performance when a space is unoccupied. The global smart thermostat market is on a growth trajectory. Revenue reached $2.03 billion in 2019; by 2025, Frost & Sullivan expects it to reach $4.81 billion, triggered by the penetration of smart home solutions and rising demand for energy- and cost-saving technologies. North America and Europe have been and will continue to be the top growth markets. Sales in the Asia-Pacific region and the Middle East will be concentrated in a few countries, including China, Japan, and the United Arab Emirates. Manufacturers are developing home monitoring platforms (with smart thermostats as a central component) that can communicate with room sensors, security cameras, and door/window sensors to ensure occupant security. Market drivers include smart thermostats role in demand response and smart home automation devices, though cybersecurity and compatibility with legacy systems are persistent concerns. The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.
More Information
No Index No
Podcast No
Author Dennis Marcell Victor
Industries Environment
WIP Number K460-01-00-00-00
Is Prebook No
GPS Codes 9343-A4,GETE