Lucintel Forecasts Smart Thermostats Market To Grow At A Cagr Of 31% From 2019 To 2024

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According to the recent study the Smart Thermostats Market is projected to grow at a CAGR of 31% from 2019 to 2024. Growth in this market is primarily driven by stringent government regulation towards energy saving, increasing demand for energy-efficient devices, and increasing adoption of smart home technology.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in smart thermostats market by technology (wired networking, wireless network, Wi-Fi, Zigbee, Z-wave, and bluetooth), component (display sensor, temperature sensor, humidity sensor, motion sensor, and others), end use industry (residential, educational, office and industrial building, retail, and hospitality & healthcare), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/smart-thermostats-market.aspx

“Wi-Fi market is expected to remain the largest segment during the forecast period.”
Based on technology, the smart thermostats market is ...
... segmented into wired networking, wireless network, Wi-Fi, Zigbee, Z-wave, and bluetooth. Lucintel forecasts that the Wi-Fi market is expected to remain the largest segment due to increasing adoption of smart thermostats in residential and commercial building to minimize the energy consumption.
“Within the smart thermostats market, the residential segment is expected to remain the largest end use industry.”
Based on end use industry the residential segment is expected to witness the highest growth over the forecast period due to the increasing adoption of smart home devices and growing awareness for energy saving among consumers.
“Asia pacific will dominate the smart thermostats market in near future.”
APAC will remain the largest region over the forecast period and it is also expected to witness the highest growth due to the increasing adopting the smart assistant devices and government policy of green home.
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Major players of smart thermostats market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Nest Labs, Honeywell International, Ecobee, Emerson Electric, Schneider Electric, Tado, Control4, Ingersoll Rand, Carrier Corporation, Nortek are among the major smart thermostats providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/smart-thermostats-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.
Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
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