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Global Smart Thermostat Market: Overview
This comprehensive report by Transparency Market Research analyzes and forecasts the smart thermostat market at the global and regional levels. The report provides analysis for the period from 2016 to 2026, wherein 2018–2026 is the forecast period and 2017 is the base year. An in-depth and unbiased market assessment has been made to provide readers with in-depth and accurate analysis. The report highlights all major trends expected to be witnessed in the smart thermostat market from 2018 to 2026. It also focuses on market drivers, restraining factors, and opportunities in the smart thermostat market during the forecast period. The study provides a complete perspective on growth of the smart thermostat market, in terms of both value and volume (in US$ Mn and million units), across various geographies including North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.
The report includes detailed value chain analysis, which is focused on providing an extensive view of the global smart thermostat market. Porter’s Five Forces analysis has also been provided to help understand the competition scenario in the global smart thermostat market. The study incorporates market attractiveness analysis, wherein component, connectivity, and application segments of the market have been benchmarked based on their size, growth rate, and attractiveness. In order to offer complete analysis of the overall competition scenario in the global smart thermostat market, every region mentioned in the report has been provided with attractiveness analysis.
A market overview chapter in the report explains market trends and dynamics including drivers, restrains, and the current and future opportunities for the smart thermostat market. Outlook analysis of the global market has been provided in the report. Additionally, the report provides analysis of different business strategies being adopted by leading players in the smart thermostat market. The market introduction chapter helps in getting idea of different trends in the global smart thermostat market.
Global Smart Thermostat Market: Scope of Report
The study provides a decisive view of the global smart thermostat market, by segmenting the market based on component into display, temperature sensor, humidity sensor, motion sensor, and others. Based on connectivity, the market has been divided into wired and wireless. In terms of application, the market has been segregated into residential, commercial, and industrial. The report provides detailed, region-wise segmentation of the smart thermostat market and categorizes it at various levels, thereby providing valuable insights at micro and macro levels.
The report highlights competition scenario in the smart thermostat market, thereby ranking all major players according to key recent developments and their geographic presence. Insights for the smart thermostat market is a result of extensive primary interviews, secondary research, and in-house expert panel reviews conducted by TMR. The market estimates have been analyzed by considering the impact of different economic, political, social, legal, and technological factors.
Based on country/sub-region, the market in North America has been divided into the U.S., Canada, and Rest of North America. The Europe market comprises France, Germany, the U.K., and Rest of Europe. The APAC smart thermostat market includes China, Japan, India, South Korea, and Rest of Asia Pacific. The market in Middle East & Africa has been segmented into GCC, South Africa, and Rest of Middle East & Africa. South America includes Brazil and Rest of South America. The report provides all strategic information required to understand the smart thermostat market in terms of component, connectivity, and application segments. The report provides insights into component, connectivity, and application segments of the market in various geographies mentioned above.
Global Smart Thermostat Market: Research Methodology
The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary sources such as annual reports, company websites, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, World Bank database, and white papers are usually referred.
Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the smart thermostat market, across geographies. Primary interviews are usually conducted on an ongoing basis with market experts and participants in order to get the latest market insights and validate the existing data and analysis. Primary interviews offer new and fresh information on important factors such as market trends, market size, competition landscape, and growth trends. These factors help validate and strengthen secondary research findings. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by TMR’s expert panel.
Global Smart Thermostat Market: Competition Scenario
The research study comprises profiles of leading companies operating in the global smart thermostat market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Parameters such as smart thermostat investments and spending and developments by major market players have been tracked. Some of the key players operating in the smart thermostat market are Carrier Corporation, Control4 Corporation, Ecobee, Inc., Nest Labs, Ingersoll Rand Inc., Emerson Electric Co, Honeywell Inc., Schneider Electric SE, NorTek Inc., Tado GmbH, and Pro1 IAQ.
The global smart thermostat market has been segmented as follows:
Global Smart Thermostat Market, by Component
Display
Temperature Sensor
Humidity Sensor
Motion Sensor
Others
Global Smart Thermostat Market, by Connectivity
Wired
Wireless
Wi-Fi
Bluetooth
Others
Global Smart Thermostat Market, by Application
Residential
Commercial
Education & Research
Retail
Hospital
Others
Industrial
Global Smart Thermostat Market, by Region
North America
U.S.
Canada
Rest of North America
Europe
Germany
France
U.K.
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of Asia Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
South America
Brazil
Rest of South America
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Smart Thermostat Market
4. Market Overview
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Key Trends
4.4. Key Market Indicators
4.5. Global Smart Thermostat Market Analysis and Forecast, 2016–2026
4.5.1. Market Revenue Projection (US$ Mn)
4.5.2. Market Volume Projection (Million Units)
4.6. Porter’s Five Forces Analysis
4.7. Value Chain Analysis
4.8. Market Outlook
5. Global Smart Thermostat Market Analysis and Forecast, by Component
5.1. Overview & Definitions
5.2. Global Smart Thermostat Market Value (US$ Mn) Forecast, by Component, 2016–2026
5.2.1. Display
5.2.2. Temperature Sensor
5.2.3. Humidity Sensor
5.2.4. Motion Sensor
5.2.5. Others
5.3. Component Comparison Matrix
5.4. Global Smart Thermostat Market Attractiveness, by Component
6. Global Smart Thermostat Market Analysis and Forecast, by Connectivity
6.1. Overview & Definitions
6.2. Global Smart Thermostat Market Value (US$ Mn) Forecast, by Connectivity, 2016–2026
6.2.1. Wired
6.2.2. Wireless
6.2.2.1. Wi-Fi
6.2.2.2. Bluetooth
6.2.2.3. Others (Including Zigbee)
6.3. Connectivity Comparison Matrix
6.4. Global Smart Thermostat Market Attractiveness, by Connectivity
7. Global Smart Thermostat Market Analysis and Forecast, by Application
7.1. Overview & Definitions
7.2. Global Smart Thermostat Market Value (US$ Mn) Forecast, by Application, 2016–2026
7.2.1. Residential
7.2.2. Commercial
7.2.2.1. Education & Research
7.2.2.2. Retail
7.2.2.3. Hospital
7.2.2.4. Others
7.2.3. Industrial
7.3. Application Comparison Matrix
7.4. Global Smart Thermostat Market Attractiveness, by Application
8. Global Smart Thermostat Market Analysis and Forecast, by Region
8.1. Key Findings
8.2. Global Smart Thermostat Market Value (US$ Mn) and Volume (Million Units) Forecast, by Region, 2016–2026
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Middle East & Africa (MEA)
8.2.5. South America
8.3. Global Smart Thermostat Market Attractiveness, by Region
9. North America Smart Thermostat Market Analysis and Forecast
9.1. Key Findings
9.2. Key Trends
9.3. North America Smart Thermostat Market Value (US$ Mn) Forecast, by Component, 2016–2026
9.3.1. Display
9.3.2. Temperature Sensor
9.3.3. Humidity Sensor
9.3.4. Motion Sensor
9.3.5. Others
9.4. North America Smart Thermostat Market Value (US$ Mn) Forecast, by Connectivity, 2016–2026
9.4.1. Wired
9.4.2. Wireless
9.4.2.1. Wi-Fi
9.4.2.2. Bluetooth
9.4.2.3. Others (Including Zigbee)
9.5. North America Smart Thermostat Market Value (US$ Mn) Forecast, by Application, 2016–2026
9.5.1. Residential
9.5.2. Commercial
9.5.2.1. Education & Research
9.5.2.2. Retail
9.5.2.3. Hospital
9.5.2.4. Others
9.5.3. Industrial
9.6. North America Smart Thermostat Market Value (US$ Mn) and Volume (Million Units) Forecast, by Country/Sub-region, 2016–2026
9.6.1. U.S.
9.6.2. Canada
9.6.3. Rest of North America
9.7. North America Smart Thermostat Market Attractiveness Analysis
9.7.1. By Component
9.7.2. By Connectivity
9.7.3. By Application
9.7.4. By Country/Sub-region
10. U.S. Smart Thermostat Market Analysis and Forecast
10.1. Key Findings
10.2. U.S. Smart Thermostat Market Value (US$ Mn) Forecast, by Component, 2016–2026
10.2.1. Display
10.2.2. Temperature Sensor
10.2.3. Humidity Sensor
10.2.4. Motion Sensor
10.2.5. Others
10.3. U.S. Smart Thermostat Market Value (US$ Mn) Forecast, by Connectivity, 2016–2026
10.3.1. Wired
10.3.2. Wireless
10.3.2.1. Wi-Fi
10.3.2.2. Bluetooth
10.3.2.3. Others (Including Zigbee)
10.4. U.S. Smart Thermostat Market Value (US$ Mn) Forecast, by Application, 2016–2026
10.4.1. Residential
10.4.2. Commercial
10.4.2.1. Education & Research
10.4.2.2. Retail
10.4.2.3. Hospital
10.4.2.4. Others
10.4.3. Industrial
10.5. U.S. Smart Thermostat Market Attractiveness Analysis
10.5.1. By Component
10.5.2. By Connectivity
10.5.3. By Application
10.6. U.S. Smart Thermostat Market Share Analysis, by Company (2017)
11. Europe Smart Thermostat Market Analysis and Forecast
11.1. Key Findings
11.2. Key Trends
11.3. Europe Smart Thermostat Market Value (US$ Mn) Forecast, by Component, 2016–2026
11.3.1. Display
11.3.2. Temperature Sensor
11.3.3. Humidity Sensor
11.3.4. Motion Sensor
11.3.5. Others
11.4. Europe Smart Thermostat Market Value (US$ Mn) Forecast, by Connectivity, 2016–2026
11.4.1. Wired
11.4.2. Wireless
11.4.2.1. Wi-Fi
11.4.2.2. Bluetooth
11.4.2.3. Others (Including Zigbee)
11.5. Europe Smart Thermostat Market Value (US$ Mn) Forecast, by Application, 2016–2026
11.5.1. Residential
11.5.2. Commercial
11.5.2.1. Education & Research
11.5.2.2. Retail
11.5.2.3. Hospital
11.5.2.4. Others
11.5.3. Industrial
11.6. Europe Smart Thermostat Market Value (US$ Mn) and Volume (Million Units) Forecast, by Country/Sub-region, 2016–2026
11.6.1. U.K.
11.6.2. Germany
11.6.3. France
11.6.4. Rest of Europe
11.7. Europe Smart Thermostat Market Attractiveness Analysis
11.7.1. By Component
11.7.2. By Connectivity
11.7.3. By Application
11.7.4. By Country/Sub-region
12. Asia Pacific Smart Thermostat Market Analysis and Forecast
12.1. Key Findings
12.2. Key Trends
12.3. Asia Pacific Smart Thermostat Market Value (US$ Mn) Forecast, by Component, 2016–2026
12.3.1. Display
12.3.2. Temperature Sensor
12.3.3. Humidity Sensor
12.3.4. Motion Sensor
12.3.5. Others
12.4. Asia Pacific Smart Thermostat Market Value (US$ Mn) Forecast, by Connectivity, 2016–2026
12.4.1. Wired
12.4.2. Wireless
12.4.2.1. Wi-Fi
12.4.2.2. Bluetooth
12.4.2.3. Others (Including Zigbee)
12.5. Asia Pacific Smart Thermostat Market Value (US$ Mn) Forecast, by Application, 2016–2026
12.5.1. Residential
12.5.2. Commercial
12.5.2.1. Education & Research
12.5.2.2. Retail
12.5.2.3. Hospital
12.5.2.4. Others
12.5.3. Industrial
12.6. Asia Pacific Smart Thermostat Market Value (US$ Mn) and Volume (Million Units) Forecast, by Country/Sub-region, 2016–2026
12.6.1. China
12.6.2. India
12.6.3. Japan
12.6.4. South Korea
12.6.5. Rest of Asia Pacific
12.7. Asia Pacific Smart Thermostat Market Attractiveness Analysis
12.7.1. By Component
12.7.2. By Connectivity
12.7.3. By Application
12.7.4. By Country/Sub-region
13. Middle East & Africa Smart Thermostat Market Analysis and Forecast
13.1. Key Findings
13.2. Key Trends
13.3. Middle East & Africa Smart Thermostat Market Value (US$ Mn) Forecast, by Component, 2016–2026
13.3.1. Display
13.3.2. Temperature Sensor
13.3.3. Humidity Sensor
13.3.4. Motion Sensor
13.3.5. Others
13.4. Middle East & Africa Smart Thermostat Market Value (US$ Mn) Forecast, by Connectivity, 2016–2026
13.4.1. Wired
13.4.2. Wireless
13.4.2.1. Wi-Fi
13.4.2.2. Bluetooth
13.4.2.3. Others (Including Zigbee)
13.5. Middle East & Africa Smart Thermostat Market Value (US$ Mn) Forecast, by Application, 2016–2026
13.5.1. Residential
13.5.2. Commercial
13.5.2.1. Education & Research
13.5.2.2. Retail
13.5.2.3. Hospital
13.5.2.4. Others
13.5.3. Industrial
13.6. Middle East & Africa Smart Thermostat Market Value (US$ Mn) and Volume (Million Units) Forecast, by Country/Sub-region, 2016–2026
13.6.1. GCC
13.6.2. South Africa
13.6.3. Rest of Middle East & Africa
13.7. Middle East & Africa Smart Thermostat Market Attractiveness Analysis
13.7.1. By Component
13.7.2. By Connectivity
13.7.3. By Application
13.7.4. By Country/Sub-region
14. South America Smart Thermostat Market Analysis and Forecast
14.1. Key Findings
14.2. Key Trends
14.3. South America Smart Thermostat Market Value (US$ Mn) Forecast, by Component, 2016–2026
14.3.1. Display
14.3.2. Temperature Sensor
14.3.3. Humidity Sensor
14.3.4. Motion Sensor
14.3.5. Others
14.4. South America Smart Thermostat Market Value (US$ Mn) Forecast, by Connectivity, 2016–2026
14.4.1. Wired
14.4.2. Wireless
14.4.2.1. Wi-Fi
14.4.2.2. Bluetooth
14.4.2.3. Others (Including Zigbee)
14.5. South America Smart Thermostat Market Value (US$ Mn) Forecast, by Application, 2016–2026
14.5.1. Residential
14.5.2. Commercial
14.5.2.1. Education & Research
14.5.2.2. Retail
14.5.2.3. Hospital
14.5.2.4. Others
14.5.3. Industrial
14.6. South America Smart Thermostat Market Value (US$ Mn) and Volume (Million Units) Forecast, by Country/Sub-region, 2016–2026
14.6.1. Brazil
14.6.2. Rest of South America
14.7. South America Smart Thermostat Market Attractiveness Analysis
14.7.1. By Component
14.7.2. By Connectivity
14.7.3. By Application
14.7.4. By Country/Sub-region
15. Competition Landscape
15.1. Market Player – Competition Matrix
15.2. Global Smart Thermostat Market Share Analysis, by Company (2017)
15.3. Company Profiles (Details – Overview, Financials, SWOT Analysis, Product Analysis, Recent Development, Strategy)
15.3.1. Carrier Corporation
Business Overview
Company Financials
SWOT Analysis
Strategic Overview
Financial Overview
15.3.2. Control4 Corporation
Business Overview
Company Financials
SWOT Analysis
Strategic Overview
Financial Overview
15.3.3. Ecobee, Inc.
Business Overview
Company Financials
SWOT Analysis
Strategic Overview
Financial Overview
15.3.4. Emerson Electric Co.
Business Overview
Company Financials
SWOT Analysis
Strategic Overview
Financial Overview
15.3.5. Honeywell International Inc.
Business Overview
Company Financials
SWOT Analysis
Strategic Overview
Financial Overview
15.3.6. Ingersoll Rand PLC
Business Overview
Company Financials
SWOT Analysis
Strategic Overview
Financial Overview
15.3.7. Nest Labs, Inc.
Business Overview
Company Financials
SWOT Analysis
Strategic Overview
Financial Overview
15.3.8. Nortek, Inc.
Business Overview
Company Financials
SWOT Analysis
Strategic Overview
Financial Overview
15.3.9. Schneider Electric SE
Business Overview
Company Financials
SWOT Analysis
Strategic Overview
Financial Overview
15.3.10. Tado GmbH
Business Overview
Company Financials
SWOT Analysis
Strategic Overview
Financial Overview
Key Takeaways
Table 1: Global Smart Thermostat Market Value (US$ Mn) Forecast, by Component, 2016–2026
Table 2: Global Smart Thermostat Market Value (US$ Mn) Forecast, by Connectivity, 2016–2026
Table 3: Global Smart Thermostat Market Value (US$ Mn) Forecast, by Application, 2016–2026
Table 4: Global Smart Thermostat Market Value (US$ Mn) Forecast, by Region, 2016–2026
Table 5: Global Smart Thermostat Market Volume (Million Units) Forecast, by Region, 2016–2026
Table 6: North America Smart Thermostat Market Value (US$ Mn) Forecast, by Component, 2016–2026
Table 7: North America Smart Thermostat Market Value (US$ Mn) Forecast, by Connectivity, 2016–2026
Table 8: North America Smart Thermostat Market Value (US$ Mn) Forecast, by Application, 2016–2026
Table 9: North America Smart Thermostat Market Value (US$ Mn) Forecast, by Country/Sub-region, 2016–2026
Table 10: North America Smart Thermostat Market Volume (Million Units) Forecast, by Country/Sub-region, 2016–2026
Table 11: U.S. Smart Thermostat Market Value (US$ Mn) Forecast, by Component, 2016–2026
Table 12: U.S. Smart Thermostat Market Value (US$ Mn) Forecast, by Connectivity, 2016–2026
Table 13: U.S. Smart Thermostat Market Value (US$ Mn) Forecast, by Application, 2016–2026
Table 14: Europe Smart Thermostat Market Value (US$ Mn) Forecast, by Component, 2016–2026
Table 15: Europe Smart Thermostat Market Value (US$ Mn) Forecast, by Connectivity, 2016–2026
Table 16: Europe Smart Thermostat Market Value (US$ Mn) Forecast, by Application, 2016–2026
Table 17: Europe Smart Thermostat Market Value (US$ Mn) Forecast, by Country/Sub-region, 2016–2026
Table 18: Europe Smart Thermostat Market Volume (Million Units) Forecast, by Country/Sub-region, 2016–2026
Table 19: Asia Pacific Smart Thermostat Market Value (US$ Mn) Forecast, by Component, 2016–2026
Table 20: Asia Pacific Smart Thermostat Market Value (US$ Mn) Forecast, by Connectivity, 2016–2026
Table 21: Asia Pacific Smart Thermostat Market Value (US$ Mn) Forecast, by Application, 2016–2026
Table 22: Asia Pacific Smart Thermostat Market Value (US$ Mn) Forecast, by Country/Sub-region, 2016–2026
Table 23: Asia Pacific Smart Thermostat Market Volume (Million Units) Forecast, by Country/Sub-region, 2016–2026
Table 24: Middle East & Africa Smart Thermostat Market Value (US$ Mn) Forecast, by Component, 2016–2026
Table 25: Middle East & Africa Smart Thermostat Market Value (US$ Mn) Forecast, by Connectivity, 2016–2026
Table 26: Middle East & Africa Smart Thermostat Market Value (US$ Mn) Forecast, by Application, 2016–2026
Table 27: Middle East & Africa Smart Thermostat Market Value (US$ Mn) Forecast, by Country/Sub-region, 2016–2026
Table 28: Middle East & Africa Smart Thermostat Market Volume (Million Units) Forecast, by Country/Sub-region, 2016–2026
Table 29: South America Smart Thermostat Market Value (US$ Mn) Forecast, by Component, 2016–2026
Table 30: South America Smart Thermostat Market Value (US$ Mn) Forecast, by Connectivity, 2016–2026
Table 31: South America Smart Thermostat Market Value (US$ Mn) Forecast, by Application, 2016–2026
Table 32: South America Smart Thermostat Market Value (US$ Mn) Forecast, by Country/Sub-region, 2016–2026
Table 33: South America Smart Thermostat Market Volume (Million Units) Forecast, by Country/Sub-region, 2016–2026