Market Overview:
A smart thermostat automates the heating and cooling climate control. These Wi-Fi enabled thermostats make it possible to be operated with the smartphone and provides the features such as monitoring and scheduling of temperature. In addition, the devices such as Alexa, Google assistant and Siri can be connected, so as to provide a remote access to the user. The smart thermostat is an energy saving device for residential and commercial buildings which is powered by low voltage electrical cables. These features and benefits are increasing the demand for Wi Fi enabled smart thermostat.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Google (United States), Apple Inc. (United States), General Electric (United States), Eco Bee (Canada), Honeywell (United States), Schneider Electric (France), Emerson (United States), LUX (United States), Wellzion Electronic Technology CO. (China) and Johnson controls (United Kingdom) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics by major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Key Players of Smart WiFi Thermostats Market Study:
Google (United States), Apple Inc. (United States), General Electric (United States), Eco Bee (Canada), Honeywell (United States), Schneider Electric (France), Emerson (United States), LUX (United States), Wellzion Electronic Technology CO. (China) and Johnson controls (United Kingdom)
In the last few years, Global market of Smart WiFi Thermostats developed rapidly. Major factors driving the market are Rising Installation of Smart Home Appliances
.
On the basis of product type, the Smart WiFi Thermostats market is segmented by Programmable Thermostats and Non-programmable Thermostats.
On the basis of applications, the Smart WiFi Thermostats market is segmented by Residential, Commercial and Industrial.
Latest Industry Highlights:
In November 2021- Braeburn Systems LLC is announcing the integration of IFTTT with BlueLink Smart Connect service. IFTTT is an outside service that allows users to integrate IoT (internet of things) devices with services offered by entities other than the manufacturer of those devices. IFTTT integration facilitates cooperation between BlueLink Smart Connect and other services, enabling customers to control their thermostats in new and interesting ways..
Some of the other players that are also part of study are TPI Corporation (United States) and Grainger (United States). The Global Smart WiFi Thermostats market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Smart WiFi Thermostats market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Smart WiFi Thermostats market.
Identification of total players or companies operating in the global market which is further concentrated to a fewer or most impacting players which is considered under the reports scope. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.