Smart Thermostat Market by Technology (Wi-Fi, ZigBee), Deployment (Bluetooth, NFC), Application - Global Forecast 2024-2030

Smart Thermostat Market by Technology (Wi-Fi, ZigBee), Deployment (Bluetooth, NFC), Application - Global Forecast 2024-2030


The Smart Thermostat Market size was estimated at USD 1.67 billion in 2023 and expected to reach USD 2.07 billion in 2024, at a CAGR 23.69% to reach USD 7.44 billion by 2030.

Global Smart Thermostat Market

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Smart Thermostat Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Smart Thermostat Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Smart Thermostat Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Control4 Corporation by Snap One, LLC, Ecobee Inc., Emerson Electric Co., Energate Inc. by Tantalus Systems Holding Inc, GE Lighting by SAVANT TECHNOLOGIES LLC, Google LLC by Alphabet, Inc., Honeywell International Inc., Johnson Controls International PLC, Lennox International Inc., Microsoft Corporation, Schneider Electric SE, Siemens AG, Texas Instruments Incorporated, and Trane Technologies Company, LLC.

Market Segmentation & Coverage



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

Technology
Wi-Fi
ZigBee
Deployment
Bluetooth
NFC
Application
Commercial
Industrial
Residential
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Smart Thermostat Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Smart Thermostat Market?
3. What are the technology trends and regulatory frameworks in the Smart Thermostat Market?
4. What is the market share of the leading vendors in the Smart Thermostat Market?
5. Which modes and strategic moves are suitable for entering the Smart Thermostat Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Smart Thermostat Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing preference for next generation home automation devices
5.1.1.2. Demand for energy efficient systems/devices
5.1.1.3. Growth in adoption of IoT-enabled HVAC systems
5.1.2. Restraints
5.1.2.1. High cost for installations
5.1.3. Opportunities
5.1.3.1. Rising consumer investment in smart homes
5.1.3.2. Emergence of cloud-connected HVAC systems and other new technological integrations
5.1.4. Challenges
5.1.4.1. Complex programing and compatibility issues with existing systems
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Smart Thermostat Market, by Technology
6.1. Introduction
6.2. Wi-Fi
6.3. ZigBee
7. Smart Thermostat Market, by Deployment
7.1. Introduction
7.2. Bluetooth
7.3. NFC
8. Smart Thermostat Market, by Application
8.1. Introduction
8.2. Commercial
8.3. Industrial
8.4. Residential
9. Americas Smart Thermostat Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Smart Thermostat Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Smart Thermostat Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. ABB Ltd.
13.1.2. Control4 Corporation by Snap One, LLC
13.1.3. Ecobee Inc.
13.1.4. Emerson Electric Co.
13.1.5. Energate Inc. by Tantalus Systems Holding Inc
13.1.6. GE Lighting by SAVANT TECHNOLOGIES LLC
13.1.7. Google LLC by Alphabet, Inc.
13.1.8. Honeywell International Inc.
13.1.9. Johnson Controls International PLC
13.1.10. Lennox International Inc.
13.1.11. Microsoft Corporation
13.1.12. Schneider Electric SE
13.1.13. Siemens AG
13.1.14. Texas Instruments Incorporated
13.1.15. Trane Technologies Company, LLC
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
FIGURE 1. SMART THERMOSTAT MARKET RESEARCH PROCESS
FIGURE 2. SMART THERMOSTAT MARKET SIZE, 2023 VS 2030
FIGURE 3. SMART THERMOSTAT MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. SMART THERMOSTAT MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. SMART THERMOSTAT MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. SMART THERMOSTAT MARKET DYNAMICS
FIGURE 7. SMART THERMOSTAT MARKET SIZE, BY TECHNOLOGY, 2023 VS 2030 (%)
FIGURE 8. SMART THERMOSTAT MARKET SIZE, BY TECHNOLOGY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. SMART THERMOSTAT MARKET SIZE, BY DEPLOYMENT, 2023 VS 2030 (%)
FIGURE 10. SMART THERMOSTAT MARKET SIZE, BY DEPLOYMENT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. SMART THERMOSTAT MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 12. SMART THERMOSTAT MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS SMART THERMOSTAT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 14. AMERICAS SMART THERMOSTAT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES SMART THERMOSTAT MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 16. UNITED STATES SMART THERMOSTAT MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC SMART THERMOSTAT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC SMART THERMOSTAT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA SMART THERMOSTAT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA SMART THERMOSTAT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. SMART THERMOSTAT MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 22. SMART THERMOSTAT MARKET SHARE, BY KEY PLAYER, 2023

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