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Thermostat Market Growth, Opportunities, Industry Analysis & Forecast to 2025

Author : Rahul Sankrityayan | Published Date : 2019-10-28 

Global Market Insights added a new report on global Thermostat Market to its research database. The report focuses on global major leading players with information such as company profiles, growth, product segment, technology segment, end user segment and region.

Advancements in energy-efficient temperature systems and smart home automation devices will thus positively influence the demand for this product, propelling thermostat industry growth. Another pivotal factor that would augment the market trends is the growing customer concern regarding climate change along with the rapid proliferation of IoT.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/3116

Speaking of the various products disrupting the market, it is prudent to mention smart thermostats – these are likely to gain mainstream attention in the years to come on account of the rising adoption of IoT and cloud technology along with their compatibility with various smart home assistants like Google Home & Amazon Echo. Coupled with a Wi-Fi module, a smart thermostat system can connect to the user’s home or office network to offer interface via the cloud, thereby allowing remote temperature control and monitoring over the unit.

The residential sector is likely to emerge as a pivotal growth avenue for the global thermostat market in the ensuing years, driven by the rising implementation of energy-efficient small-scale heating and cooling systems. According to the U.S. Energy Information Administration (EIA) reports, in 2018, the use of electricity for space cooling in the residential sector was about 214 billion kWh, which is equal to about 15% of total residential sector electricity consumption and 5% of total U.S. electricity consumption. These figures can be appreciable lowered by adopting smart thermostats which help reduce energy consumption while increasing the efficiency of household products. The smart thermostat also regulates the temperature in buildings in a smarter way than conventional thermostats and further offers added savings in customers’ electric bills.

The increasing adoption of smart home automation systems has also led industry participants & core manufacturers to shift their focus toward the expansion and innovation of advanced devices. The development of advanced techniques, such as speech recognition, machine learning and motion detection, indicate lucrative opportunities for thermostat applications across the residential sector. The advent of cost-effective products coupled with growing investments toward smart homes will positively influence the overall thermostat industry trends.

Partial Table of Contents (ToC) of the report:

Chapter 4 Thermostat Market, By Product

4.1 Thermostat market share by product, 2018 & 2025

4.2 Smart thermostat

4.2.1 Global market from smart thermostat, 2014 – 2025

4.2.2 Global market from smart thermostat, by region, 2014 - 2025

4.3 Mechanical thermostat

4.3.1 Global market from mechanical thermostat, 2014 – 2025

4.3.2 Global market from mechanical thermostat, by region, 2014 - 2025

4.4 Programable thermostat

4.4.1 Global market from programable thermostat, 2014 – 2025

4.4.2 Global market from programable thermostat, by region, 2014 - 2025

4.5 Others

4.5.1 Global market from others, 2014 – 2025

4.5.2 Global market from others, by region, 2014 - 2025

Chapter 5 Thermostat Market, By Distribution Channel

5.1 Thermostat market share by distribution channel, 2018 & 2025

5.2 Utility

5.2.1 Global market from utility, 2014 – 2025

5.2.2 Global market from utility, by region, 2014 - 2025

5.3 Retail

5.3.1 Global market from retail, 2014 – 2025

5.3.2 Global market from retail, by region, 2014 - 2025

5.4 Security

5.4.1 Global market from security, 2014 – 2025

5.4.2 Global market from security, by region, 2014 - 2025

5.5 HVAC

5.5.1 Global market from HVAC, 2014 – 2025

5.5.2 Global market from HVAC, by region, 2014 - 2025

Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/thermostat-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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