Smart Thermostats Market

Smart thermostats are devices that can be used with home automation and are responsible for controlling a home's heating and/or air conditioning. They perform the same functions as a Programmable thermostat as they allow the user to control the temperature of their home throughout the day using a schedule, such as setting a different temperature at night.

Like a connected thermostat, they are connected to the Internet. They allow users to adjust heating settings from other internet-connected devices, such as smartphones. This allows users to easily adjust the temperature remotely. This ease of use is essential for ensuring energy savings: studies have shown that households with programmable thermostats actually have higher energy consumption than those with simple thermostats, because residents program them incorrectly or disable them completely.

Based on technology, Smart Thermostats include Wi-Fi Thermostat, ZigBee Thermostat, NFC Thermostat, Ethernet Thermostat, Bluetooth Ethernet and etc. Wi-Fi Thermostat is the most popular type in the market.

Smart Thermostats Market contains market size and forecasts of Smart Thermostats in global, including the following market information:

Global Smart Thermostats Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Smart Thermostats Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Smart Thermostats companies in 2021 (%)

The global Smart Thermostats market was valued at 2174.8 million in 2021 and is projected to reach US$ 4854.2 million by 2028, at a CAGR of 12.2% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

WiFi Thermostats Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Smart Thermostats include Nest, Honeywell, EcoBee, Schneider Electric, Emerson, LUX/GEO, Carrier, Energate Inc. and Tado GmbH, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Smart Thermostats manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Smart Thermostats Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Smart Thermostats Market Segment Percentages, by Type, 2021 (%)

WiFi Thermostats

ZigBee Thermostats

Others

Global Smart Thermostats Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Smart Thermostats Market Segment Percentages, by Application, 2021 (%)

Residential

Commercial

Global Smart Thermostats Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Smart Thermostats Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Smart Thermostats revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Smart Thermostats revenues share in global market, 2021 (%)

Key companies Smart Thermostats sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Smart Thermostats sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Nest

Honeywell

EcoBee

Schneider Electric

Emerson

LUX/GEO

Carrier

Energate Inc.

Tado GmbH

Control4

Netatmo

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