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Insights on the Smart Thermostats Global Market to 2025 - Cybersecurity and Compatibility With Legacy Systems are Persistent Concerns

Research and Markets
·2-min read

Dublin, Sept. 25, 2020 (GLOBE NEWSWIRE) -- The "The Global Smart Thermostats Market, 2020" report has been added to ResearchAndMarkets.com's offering.

Smart thermostats have changed the way home appliances are controlled for better living conditions. They learn about the heating and cooling preferences in a household and adjust settings automatically, and allow for access of real-time and historical data to optimize performance when a space is unoccupied.

The global smart thermostat market is on a growth trajectory. Revenue reached $2.03 billion in 2019; by 2025, the publisher expects it to reach $4.81 billion, triggered by the penetration of smart home solutions and rising demand for energy- and cost-saving technologies. North America and Europe have been and will continue to be the top growth markets. Sales in the Asia-Pacific region and the Middle East will be concentrated in a few countries, including China, Japan, and the United Arab Emirates.

Manufacturers are developing home monitoring platforms (with smart thermostats as a central component) that can communicate with room sensors, security cameras, and door/window sensors to ensure occupant security. Market drivers include smart thermostats' role in demand response and smart home automation devices, though cybersecurity and compatibility with legacy systems are persistent concerns.

The research radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the research radar methodology. The document presents competitive profiles on each of the companies in the research radar based on their strengths, opportunities, and a small discussion on their positioning. The publisher analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the research radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.

Key Topics Covered:

1. Strategic Imperative and Growth Environment

  • Strategic Imperative

  • Growth Environment

2. Research Radar

  • Global Smart Thermostats Market

  • Competitive Environment

3. Companies to Action

  • Cosa

  • Danfoss

  • Ecobee

  • Emerson

  • eQ-3

  • Geo

  • Hive

  • Honeywell

  • iDevices

  • Johnson Controls

  • Lux

  • Nest Labs

  • Netatmo

  • tado

  • Zen Ecosystems

4. Strategic Insights

5. Next Steps: Leveraging the Research Radar to Empower Key Stakeholders

  • Significance of Being on the Research Radar

  • Empowers the CEO's Growth Team

  • Empowers Investors

  • Empowers Customers

  • Empowers the Board of Directors

6. Research Radar Analytics

  • Benchmarking Future Growth Potential

  • Legal Disclaimer

For more information about this report visit https://www.researchandmarkets.com/r/vyu9us

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900