Global Smart Thermostats Technology Innovation and Growth Opportunities

Global Smart Thermostats Technology Innovation and Growth Opportunities

New Product Development and Strategic Partnering to Push Seamless Interoperability with Smart Home Devices

RELEASE DATE
14-Mar-2023
REGION
Global
Research Code: PE2F-01-00-00-00
SKU: EN01375-GL-MT_27498
AvailableYesPDF Download
$3,500.00
In stock
SKU
EN01375-GL-MT_27498
$3,500.00
DownloadLink
ENQUIRE NOW

Description

Rising energy costs and growing environmental concerns are leading to an increase in the demand for energy-efficient solutions for buildings. Smart thermostats provide a convenient and effective way to reduce energy consumption and save money on heating and cooling bills. Consumer demand to automate and control home environments is making smart thermostats increasingly popular.

North America, followed by Europe, leads the smart thermostats market. Growth in the Asia-Pacific and the Middle East is expected to be concentrated in China, Japan, Australia, and the United Arab Emirates. The growing role of smart thermostats in demand-response programs, the rise in the adoption of smart home automation devices, and favorable government regulations and incentives are the key drivers for this market. Privacy concerns, the vulnerability of smart home devices to cyberattacks, and the lack of interoperability between different smart home systems are the current barriers to smart thermostat adoption.

This study focuses on the revenue manufacturers earn from selling thermostat products. It includes profiles of the key companies to watch and identifies the growth opportunities emerging from this space for market players and stakeholders to leverage. The base year for the study is 2022, and the forecast period is 2023 to 2028.

Author: Dennis Marcell Victor

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Global Smart Thermostats Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Market Highlights—Global Smart Thermostats Market

Internet and Broadband Adoption Driving Smart Devices Uptake

Smart Home Market Trends

Smart Home Ecosystem

Smart Home Ecosystem Explained

Home Ecosystems—Key Benefits

Evolution of Smart Home Ecosystems

Role of Technology Companies in the Smart Home Ecosystem

The Role of Smart Thermostats in Energy Efficiency of Buildings

Connected Devices Forecast

Trend Opportunity—Regional Exposure

Growth Metrics

Growth Drivers

Growth Restraints

Revenue Forecast

Unit Shipment and Pricing Forecast

Forecast Analysis

Revenue and Unit Shipment Forecast—North America

Revenue and Unit Shipment Forecast—Europe

Revenue and Unit Shipment Forecast—Asia-Pacific

Revenue and Unit Shipment Forecast—Rest of the World

Competitive Landscape

Competitive Analysis—Porter’s Five Forces

Smart Thermostat Partnerships 2020–2022

Product Launches—Smart Thermostats and Sensors

Companies to Watch—ecobee

Companies to Watch—Emerson

Companies to Watch—Google Nest

Companies to Watch—Resideo (Honeywell Home)

Companies to Watch—tado°

Growth Opportunity 1—Addressing the Energy Crisis

Growth Opportunity 1—Addressing the Energy Crisis (continued)

Growth Opportunity 2—Improving Smart Building User Experience

Growth Opportunity 2—Improving Smart Building User Experience (continued)

Growth Opportunity 3—Digitization and Decarbonization through DR Programs

Growth Opportunity 3—Digitization and Decarbonization through DR Programs (continued)

List of Exhibits

Legal Disclaimer

Rising energy costs and growing environmental concerns are leading to an increase in the demand for energy-efficient solutions for buildings. Smart thermostats provide a convenient and effective way to reduce energy consumption and save money on heating and cooling bills. Consumer demand to automate and control home environments is making smart thermostats increasingly popular. North America, followed by Europe, leads the smart thermostats market. Growth in the Asia-Pacific and the Middle East is expected to be concentrated in China, Japan, Australia, and the United Arab Emirates. The growing role of smart thermostats in demand-response programs, the rise in the adoption of smart home automation devices, and favorable government regulations and incentives are the key drivers for this market. Privacy concerns, the vulnerability of smart home devices to cyberattacks, and the lack of interoperability between different smart home systems are the current barriers to smart thermostat adoption. This study focuses on the revenue manufacturers earn from selling thermostat products. It includes profiles of the key companies to watch and identifies the growth opportunities emerging from this space for market players and stakeholders to leverage. The base year for the study is 2022, and the forecast period is 2023 to 2028. Author: Dennis Marcell Victor
More Information
Author Dennis Marcell Victor
Industries Environment
No Index No
Is Prebook No
Keyword 1 Smart Thermostat Market Trend
Keyword 2 Global Smart Thermostat Market
Keyword 3 Thermostat Market Forecast
Podcast No
WIP Number PE2F-01-00-00-00