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Global Smart Thermostat Market Size study, By Products (Connected Smart thermostat, Learning Smart Thermostat, Standalone Smart Thermostat), By Connectivity Technology (Wireless Network, Wired Network), By Installation Type (New Installation, Retrofit Installation), By End User (Residential, Commercial, Industrial), and Regional Forecasts 2022-2028

May 2022 | 200 pages | ID: GA7919595011EN
Bizwit Research & Consulting LLP

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Global Smart Thermostat Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028.
Smart thermostats are Wi-Fi thermostats that are used with home automation. This device is accountable for controlling the home's ventilation, heating, and air conditioning (HVAC). The rising inclination towards smart homes, growing adoption of IoT-enabled HVAC systems, an increasing number of government regulations pertaining to increasing the energy efficiency of buildings are the primary factors that are fostering market growth across the globe. For instance, as per Statista, in the United States, the revenue of the building efficiency market was recorded at USD 82.84 billion in 2018, and the market exhibits substantial growth and reached USD 94.47 billion in 2020. Accordingly, the development of the building efficiency market is likely to surge the demand for a smart thermostat, thus, in turn, accelerating the market growth worldwide. However, the high manufacturing and installation costs of smart thermostats and high concerns regarding data security impede the growth of the market over the forecast period of 2022-2028. Also, increasing demand for self-learning devices and rising demand for cloud computing in the HVAC industry are anticipated to act as a catalyzing factor for the market demand during the forecast period.

The key regions considered for the global Smart Thermostat Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing spending on technological developments and the presence of well-established market players in the region. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as rising awareness for environmental protection, escalating population, as well as, increasing adoption of green building, would create lucrative growth prospects for the Smart Thermostat Market across the Asia-Pacific region.
Major market players included in this report are:
Alphabet Inc. (Google Nest)
Emerson Electric Co.
Honeywell International Inc.
Lennox International Inc.
Ecobee
Carrier Corporation
Resideo Technologies Inc.
Siemens AG
Trane Technologies PLC
Bosch Thermotechnik GmbH

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Products:
Connected Smart thermostat
Learning Smart Thermostat
Standalone Smart Thermostat
By Connectivity Technology:
Wireless Network
Wired Network
By Installation Type:
New Installation
Retrofit Installation
By End User:
Residential
Commercial
Industrial
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Smart Thermostat Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
  1.2.1. Global Smart Thermostat Market, by Region, 2020-2028 (USD Billion)
  1.2.2. Global Smart Thermostat Market, by Products, 2020-2028 (USD Billion)
  1.2.3. Global Smart Thermostat Market, by Connectivity Technology, 2020-2028 (USD Billion)
  1.2.4. Global Smart Thermostat Market, by Installation Type, 2020-2028 (USD Billion)
  1.2.5. Global Smart Thermostat Market, by End User, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL SMART THERMOSTAT MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL SMART THERMOSTAT MARKET DYNAMICS

3.1. Smart Thermostat Market Impact Analysis (2020-2028)
  3.1.1. Market Drivers
    3.1.1.1. Rising inclination towards smart homes
    3.1.1.2. Government regulations pertaining to increase energy efficiency of buildings
  3.1.2. Market Challenges
    3.1.2.1. High manufacturing and installation costs of smart thermostats
    3.1.2.2. High concerns regarding data security
  3.1.3. Market Opportunities
    3.1.3.1. Growing demand for self-learning devices
    3.1.3.2. Rising demand for cloud computing in HVAC industry

CHAPTER 4. GLOBAL SMART THERMOSTAT MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies

CHAPTER 5. RISK ASSESSMENT: COVID-19 IMPACT

  5.1.1. Assessment of the overall impact of COVID-19 on the industry
  5.1.2. Pre COVID-19 and post COVID-19 market scenario

CHAPTER 6. GLOBAL SMART THERMOSTAT MARKET, BY PRODUCTS

6.1. Market Snapshot
6.2. Global Smart Thermostat Market by Products, Performance - Potential Analysis
6.3. Global Smart Thermostat Market Estimates & Forecasts by Products 2019-2028 (USD Billion)
6.4. Smart Thermostat Market, Sub Segment Analysis
  6.4.1. Connected Smart thermostat
  6.4.2. Learning Smart Thermostat
  6.4.3. Standalone Smart Thermostat

CHAPTER 7. GLOBAL SMART THERMOSTAT MARKET, BY CONNECTIVITY TECHNOLOGY

7.1. Market Snapshot
7.2. Global Smart Thermostat Market by Connectivity Technology, Performance - Potential Analysis
7.3. Global Smart Thermostat Market Estimates & Forecasts by Connectivity Technology 2019-2028 (USD Billion)
7.4. Smart Thermostat Market, Sub Segment Analysis
  7.4.1. Wireless Network
  7.4.2. Wired Network

CHAPTER 8. GLOBAL SMART THERMOSTAT MARKET, BY INSTALLATION TYPE

8.1. Market Snapshot
8.2. Global Smart Thermostat Market by Installation Type, Performance - Potential Analysis
8.3. Global Smart Thermostat Market Estimates & Forecasts by Installation Type 2019-2028 (USD Billion)
8.4. Smart Thermostat Market, Sub Segment Analysis
  8.4.1. New Installation
  8.4.2. Retrofit Installation

CHAPTER 9. GLOBAL SMART THERMOSTAT MARKET, BY END USER

9.1. Market Snapshot
9.2. Global Smart Thermostat Market by End User, Performance - Potential Analysis
9.3. Global Smart Thermostat Market Estimates & Forecasts by End User 2019-2028 (USD Billion)
9.4. Smart Thermostat Market, Sub Segment Analysis
  9.4.1. Residential
  9.4.2. Commercial
  9.4.3. Industrial

CHAPTER 10. GLOBAL SMART THERMOSTAT MARKET, REGIONAL ANALYSIS

10.1. Smart Thermostat Market, Regional Market Snapshot
10.2. North America Smart Thermostat Market
  10.2.1. U.S. Smart Thermostat Market
    10.2.1.1. Products estimates & forecasts, 2019-2028
    10.2.1.2. Connectivity Technology estimates & forecasts, 2019-2028
    10.2.1.3. Installation Type estimates & forecasts, 2019-2028
    10.2.1.4. End User estimates & forecasts, 2019-2028
  10.2.2. Canada Smart Thermostat Market
10.3. Europe Smart Thermostat Market Snapshot
  10.3.1. U.K. Smart Thermostat Market
  10.3.2. Germany Smart Thermostat Market
  10.3.3. France Smart Thermostat Market
  10.3.4. Spain Smart Thermostat Market
  10.3.5. Italy Smart Thermostat Market
  10.3.6. Rest of Europe Smart Thermostat Market
10.4. Asia-Pacific Smart Thermostat Market Snapshot
  10.4.1. China Smart Thermostat Market
  10.4.2. India Smart Thermostat Market
  10.4.3. Japan Smart Thermostat Market
  10.4.4. Australia Smart Thermostat Market
  10.4.5. South Korea Smart Thermostat Market
  10.4.6. Rest of Asia Pacific Smart Thermostat Market
10.5. Latin America Smart Thermostat Market Snapshot
  10.5.1. Brazil Smart Thermostat Market
  10.5.2. Mexico Smart Thermostat Market
10.6. Rest of The World Smart Thermostat Market

CHAPTER 11. COMPETITIVE INTELLIGENCE

11.1. Top Market Strategies
11.2. Company Profiles
  11.2.1. Alphabet Inc. (Google Nest)
    11.2.1.1. Key Information
    11.2.1.2. Overview
    11.2.1.3. Financial (Subject to Data Availability)
    11.2.1.4. Product Summary
    11.2.1.5. Recent Developments
  11.2.2. Emerson Electric Co.
  11.2.3. Honeywell International Inc.
  11.2.4. Lennox International Inc.
  11.2.5. Ecobee
  11.2.6. Carrier Corporation
  11.2.7. Resideo Technologies Inc.
  11.2.8. Siemens AG
  11.2.9. Trane Technologies PLC
  11.2.10. Bosch Thermotechnik GmbH

CHAPTER 12. RESEARCH PROCESS

12.1. Research Process
  12.1.1. Data Mining
  12.1.2. Analysis
  12.1.3. Market Estimation
  12.1.4. Validation
  12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption
LIST OF TABLES

TABLE 1. Global Smart Thermostat market, report scope
TABLE 2. Global Smart Thermostat market estimates & forecasts by Region 2019-2028 (USD Billion)
TABLE 3. Global Smart Thermostat market estimates & forecasts by Products 2019-2028 (USD Billion)
TABLE 4. Global Smart Thermostat market estimates & forecasts by Connectivity Technology 2019-2028 (USD Billion)
TABLE 5. Global Smart Thermostat market estimates & forecasts by Installation Type 2019-2028 (USD Billion)
TABLE 6. Global Smart Thermostat market estimates & forecasts by End User 2019-2028 (USD Billion)
TABLE 7. Global Smart Thermostat market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 8. Global Smart Thermostat market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 9. Global Smart Thermostat market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 10. Global Smart Thermostat market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 11. Global Smart Thermostat market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 12. Global Smart Thermostat market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 13. Global Smart Thermostat market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 14. Global Smart Thermostat market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 15. Global Smart Thermostat market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 16. Global Smart Thermostat market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 17. U.S. Smart Thermostat market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 18. U.S. Smart Thermostat market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 19. U.S. Smart Thermostat market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 20. Canada Smart Thermostat market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 21. Canada Smart Thermostat market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 22. Canada Smart Thermostat market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 23. UK Smart Thermostat market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 24. UK Smart Thermostat market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 25. UK Smart Thermostat market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 26. Germany Smart Thermostat market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 27. Germany Smart Thermostat market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 28. Germany Smart Thermostat market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 29. RoE Smart Thermostat market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 30. RoE Smart Thermostat market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 31. RoE Smart Thermostat market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 32. China Smart Thermostat market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 33. China Smart Thermostat market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 34. China Smart Thermostat market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 35. India Smart Thermostat market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 36. India Smart Thermostat market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 37. India Smart Thermostat market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 38. Japan Smart Thermostat market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 39. Japan Smart Thermostat market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 40. Japan Smart Thermostat market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 41. RoAPAC Smart Thermostat market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 42. RoAPAC Smart Thermostat market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 43. RoAPAC Smart Thermostat market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 44. Brazil Smart Thermostat market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 45. Brazil Smart Thermostat market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 46. Brazil Smart Thermostat market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 47. Mexico Smart Thermostat market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 48. Mexico Smart Thermostat market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 49. Mexico Smart Thermostat market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 50. RoLA Smart Thermostat market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 51. RoLA Smart Thermostat market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 52. RoLA Smart Thermostat market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 53. Row Smart Thermostat market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 54. Row Smart Thermostat market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 55. Row Smart Thermostat market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 56. List of secondary sources, used in the study of global Smart Thermostat market
TABLE 57. List of primary sources, used in the study of global Smart Thermostat market
TABLE 58. Years considered for the study
TABLE 59. Exchange rates considered
LIST OF FIGURES

FIG 1. Global Smart Thermostat market, research methodology
FIG 2. Global Smart Thermostat market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Smart Thermostat market, key trends 2021
FIG 5. Global Smart Thermostat market, growth prospects 2022-2028
FIG 6. Global Smart Thermostat market, porters 5 force model
FIG 7. Global Smart Thermostat market, pest analysis
FIG 8. Global Smart Thermostat market, value chain analysis
FIG 9. Global Smart Thermostat market by segment, 2019 & 2028 (USD Billion)
FIG 10. Global Smart Thermostat market by segment, 2019 & 2028 (USD Billion)
FIG 11. Global Smart Thermostat market by segment, 2019 & 2028 (USD Billion)
FIG 12. Global Smart Thermostat market by segment, 2019 & 2028 (USD Billion)
FIG 13. Global Smart Thermostat market by segment, 2019 & 2028 (USD Billion)
FIG 14. Global Smart Thermostat market, regional snapshot 2019 & 2028
FIG 15. North America Smart Thermostat market 2019 & 2028 (USD Billion)
FIG 16. Europe Smart Thermostat market 2019 & 2028 (USD Billion)
FIG 17. Asia pacific market 2019 & 2028 (USD Billion)
FIG 18. Latin America Smart Thermostat market 2019 & 2028 (USD Billion)
FIG 19. Global Smart Thermostat market, company market share analysis (2021)


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