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Global Smart Thermostats Market 2015-2019
Market outlook of the global smart thermostat
The market for smart thermostats is still at its nascent stage, but the market research analysts expect the market to grow exponentially, as consumers become more aware of the advantages and features of smart thermostats. It is projected that the global smart thermostat market will generate a significant revenue of more than USD 1,314 million by 2019.
The concept of smart homes, which connects domestic appliances such as lighting systems, heating modules, air conditioning units, television sets, computers, entertainment systems, security devices and camera systems using electronic communication units, is rapidly gaining popularity among consumers around the world. The increase in demand for smart homes is expected to drive the demand for smart thermostat market in the forecast period.
Competitive landscape and key vendors
Key vendors of this market are:
- Carrier Corporation
- Nest Labs
Other prominent vendors included in this report are Computime, Emerson, Energate, Radio Thermostat Company of America, and Venstar.
Market segmentation of the global smart thermostat by product
- Standalone smart thermostats
- Networked smart thermostats
- Learning smart thermostats
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