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Worldwide Smart Thermostat Industry to 2026 - Players Include Nest Labs, Honeywell International and Emerson Electric Among Others

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Dublin, May 17, 2021 (GLOBE NEWSWIRE) -- The "Smart Thermostat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to's offering.

The global smart thermostat market exhibited strong growth during 2015-2020. A smart thermostat is a part of a control system which senses and maintains the temperature of an area. It is an automatic device which is capable of remotely switching on and off the heating of a room through the internet. Smart thermostats can be programmed and used via various mobile devices such as remote controls, smartphones and computers. They can also display the amount of heating being used and control their activity by tracking or learning the daily routine of the user.

Over the years, there has been a significant rise in the installation of smart home systems and technologies in households. This is one of the primary factors driving the growth of the global smart thermostat market. Moreover, there has been a surge in the sales of various smart home voice assistants such as Amazon Echo and Google Home which is further driving the growth of the market. In addition, as smart thermostats help in saving electricity, their sales have been influenced by the augmented demand for energy efficient solutions. This represents another factor which is positively influencing the market growth. Looking forward, the publisher expects the global smart thermostat market to reach a value of US$ 6.8 Billion in 2026.

Market Summary:

Based on the product, the market has been segmented into standalone smart thermostats, connected smart thermostats and learning smart thermostats.

On the basis of component, the global smart thermostat market has been segregated into display, temperature sensor, humidity sensor, motion sensor and others.

Based on technology, the market has been segmented into wired and wireless smart thermostats. Further, the wireless smart thermostat market has been segregated into WiFi, Zig Bee and others.

Based on application, the market has been segmented into residential, commercial and industrial.

Region-wise, the global smart thermostat market has been segregated into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Among these, North America represents the biggest market for smart thermostats.

The competitive landscape of the market has also been examined with some of the key players being Nest Labs, Inc., Honeywell International Inc., Ecobee, Inc., Emerson Electric Co., Schneider Electric SE, Tado GmbH, Control4 Corporation, Carrier Corporation and Nortek, Inc.

This report provides a deep insight into the global smart thermostat market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the smart thermostat market in any manner.

Key Questions Answered in This Report:

  • How has the global smart thermostat market performed so far and how will it perform in the coming years?

  • What are the key regions in the global smart thermostat market?

  • What has been the impact of COVID-19 on the global smart thermostat market?

  • What are the major application segments in the global smart thermostat market?

  • What are the different technologies of smart thermostat?

  • What are the major components in the global smart thermostat market?

  • Which are the popular products in the global smart thermostat market?

  • What are the price trends of smart thermostat?

  • What are the various stages in the value chain of the global smart thermostat market?

  • What are the key driving factors and challenges in the global smart thermostat market?

  • What is the structure of the global smart thermostat market and who are the key players?

  • What is the degree of competition in the global smart thermostat market?

  • How is smart thermostat manufactured?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Smart Thermostat Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product
5.5 Market Breakup by Component
5.6 Market Breakup by Technology
5.7 Market Breakup by Application
5.8 Market Breakup by Region
5.9 Market Forecast
5.10 SWOT Analysis
5.10.1 Overview
5.10.2 Strengths
5.10.3 Weaknesses
5.10.4 Opportunities
5.10.5 Threats
5.11 Value Chain Analysis
5.11.1 Overview
5.11.2 Research and Development
5.11.3 Raw Material Procurement
5.11.4 Manufacturing
5.11.5 Marketing
5.11.6 Distribution
5.11.7 End-Use
5.12 Porters Five Forces Analysis
5.12.1 Overview
5.12.2 Bargaining Power of Buyers
5.12.3 Bargaining Power of Suppliers
5.12.4 Degree of Competition
5.12.5 Threat of New Entrants
5.12.6 Threat of Substitutes

6 Market Breakup by Product
6.1 Standalone Smart Thermostats
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Connected Smart Thermostats
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Learning Smart Thermostats
6.3.1 Market Trends
6.3.2 Market Forecast

7 Market Breakup by Component
7.1 Display
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Temperature Sensors
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Humidity Sensors
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Motion Sensors
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast

8 Market Breakup by Technology
8.1 Wired
8.1.1 Market Trends
8.1.1 Market Forecast
8.2 Wireless
8.2.1 Market Trends
8.2.2 Market Breakup by Type WiFi Market Trends Market Forecast Zig Bee Market Trends Market Forecast Others Market Trends Market Forecast
8.2.3 Market Forecast

9 Market Breakup by Application
9.1 Residential
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Commercial
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Industrial
9.3.1 Market Trends
9.3.2 Market Forecast

10 Market Breakup by Region
10.1 North America
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Europe
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Asia Pacific
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 Market Forecast

11 Smart Thermostat Manufacturing Process
11.1 Product Overview
11.2 Raw Material Requirements
11.3 Manufacturing Process
11.4 Key Success and Risk Factors

12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Profiles of Key Players
12.3.1 Nest Labs, Inc.
12.3.2 Honeywell International Inc.
12.3.3 Ecobee, Inc.
12.3.4 Emerson Electric Co.
12.3.5 Schneider Electric SE
12.3.6 Tado GmbH
12.3.7 Control4 Corporation
12.3.8 Carrier Corporation
12.3.9 Nortek, Inc.

For more information about this report visit

CONTACT: CONTACT: Laura Wood, Senior Press Manager 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

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