Smart Thermostat Market – Forecast, 2020-2027

1. Report Title Smart Thermostat Market – Global Opportunities & Forecast, 2020-2027 GMI Research GMI Research See the Future Insights 1

2. The report prepared by the GMI Research includes an in-depth analysis of the global market and a thorough research undertaken by the analysts. An extensive study of this market alongside the fundamental aspects that may influence the commercialization graph of this industry has been given in the study. The market study covers various aspects such as geographical growth opportunities, market size, and important vendors in the market, driving factors, segmental evaluation, constraints, and competitive landscape. Top Companies of the Smart Thermostat Market: •Honeywell International Inc. •Schneider Electric SE •Emerson Electric Co. •General Electric Company •Trane Technologies Plc •Nortek, Inc. •Ecobee Inc. •Johnson Controls International Plc •Siemens AG •Alphabet Inc. Drivers of the Smart Thermostat Market: The factors surging the growth of the global smart thermostat market include the rising demand for home automation, the increasing smart home market, and the growing demand for a programmable thermostat. Smart thermostats provide control on heating and cooling electronic devices at home, along with commercial spaces, schedules the desired temperature setting, and incorporates them into the home automation system. Thereby, the growing adoption of smartphones and tablets is projected to boost the growth of the smart thermostat market in the upcoming years. Moreover, smart thermostats record internal and external temperatures to evaluate 2

3. when it needs to turn the fan and AC or heat on and off and allows the users to set numerous temperatures for various times of the day. The room sensors help to measure the temperature in a room or area of the home accordingly. The easy to use specification and the ability to save more energy are some of the key factors bolstering the growth of the smart thermostat market. In addition to this, artificial technology is one of the factors fuelling the growth of the smart thermostat market. For example, Micronature Deep Learning A.I. Enhanced Thermostat, Nest Learning Thermostat, and others are some of the AI-enabled thermostats. AI helps enable these thermostats to serve as per the needs of the customers, thus propelling the demand for the smart thermostat in the upcoming years. The growing application of smart thermostats in different industry verticals, including residential, hotels, restaurants, hospitals, commercial spaces, and educational institutes, among others, is anticipated to create various opportunities for the smart thermostat market over the forecast period. On the other edge of the spectrum, the high cost and different complications associated with the installation and usage of the thermostat will hinder the growth of the global smart thermostat market. Segmentation of the Smart Thermostat Market: By Component: •Display •Temperature Sensor •Humidity Sensor •Motion Sensor •Others By Technology: •Wired Networking •Wireless Network o Wi-Fi 3

4. o ZigBee o Z-Wave o Bluetooth By Application: •Residential •Office Building •Educational Buildings •Industrial Building •Retail •Hospitality •Healthcare By Region: •North America oUnited States of America oCanada •Asia Pacific oChina oJapan oIndia oRest of APAC •Europe oUnited Kingdom oGermany oFrance oSpain oRest of Europe •RoW oBrazil oSouth Africa oSaudi Arabia 4

5. oUAE oRest of the world (remaining countries of the LAMEA region) About GMI Research GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us a pioneer in the emerging market research space. Our syndicate reports cover multiple industries across various regions and countries. Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve. 5