Worldwide Smart Thermostat Industry to 2026 - Cloud-connected hVAC Systems Present Opportunities - ResearchAndMarkets.com

The "Smart Thermostat Market Research Report by Deployment, by Region - Global Forecast to 2026 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Smart Thermostat Market size was estimated at USD 894.48 Million in 2020 and expected to reach USD 1,101.72 Million in 2021, at a Compound Annual Growth Rate (CAGR) 23.50% from 2020 to 2026 to reach USD 3,174.71 Million by 2026.

Market Segmentation & Coverage:

This research report categorizes the Smart Thermostat to forecast the revenues and analyze the trends in each of the following sub-markets:

• Based on Deployment, the Smart Thermostat Market was examined across Bluetooth, NFC, Wi-Fi, and Zigbee.
• Based on Application, the Smart Thermostat Market was examined across Commercial, Industrial, and Residential.
• Based on Geography, the Smart Thermostat Market was examined across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific is further studied across China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa is further studied across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Smart Thermostat Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Company Usability Profiles:

The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Smart Thermostat Market, including Control4 Corporation, Ecobee Company, Emerson Electric, Energate Inc., Honeywell International Inc., Lennox International Inc., Nest Labs, Inc., Schneider Electric, Siemens Corporation, and Texas Instruments Limited.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Smart Thermostat Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Smart Thermostat Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Smart Thermostat Market?

4. What is the competitive strategic window for opportunities in the Global Smart Thermostat Market?

5. What are the technology trends and regulatory frameworks in the Global Smart Thermostat Market?

6. What is the market share of the leading vendors in the Global Smart Thermostat Market?

7. What modes and strategic moves are considered suitable for entering the Global Smart Thermostat Market?

Market Dynamics

Drivers

• Increasing development of next generation home automation devices
• Demand for energy efficient systems/devices
• Growth in adoption of IoT-enabled HVAC systems

Restraints

• High cost for installations

Opportunities

• Rising consumer investment in smart homes
• Cloud-connected hVAC systems

Challenges

• Complex programing and compatibility issues with existing systems

Companies Mentioned

• Control4 Corporation
• Ecobee Company
• Emerson Electric
• Energate Inc.
• Honeywell International Inc.
• Lennox International Inc.
• Nest Labs, Inc.
• Schneider Electric
• Siemens Corporation
• Texas Instruments Limited

For more information about this report visit https://www.researchandmarkets.com/r/c8uske

View source version on businesswire.com: https://www.businesswire.com/news/home/20210609005807/en/