Smart Thermostat Market | Expansive Coverage on the Novel Profit-Yielding Sources

Constant product innovations and evolution of technologies along with rising awareness regarding environmental protection and energy conservation are key factors stimulating growth of the global smart thermostat market. Smart thermostats can prove to be extremely beneficial in terms of reducing energy consumption as compared to traditional heating solutions. Industry verticals that draw high demand from the global smart thermostat market include commercial, hospitals, industrial, residential, and educational institutes. Segments in the global smart thermostat market by installation type are wired networks and wireless networks (including Wi-Fi, Z-Wave, ZigBee, and Bluetooth). Segments in the global smart thermostat market by product type are connected smart thermostat, learning smart thermostat, and stand-alone smart thermostat.

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Some of the leading vendors in the global smart thermostat market are Honeywell International, Emerson Electric, Siemens, Legrand, Johnson Controls, Trane Technologies, Bosch Thermotechnology, Carrier Corporation, Nortek Control, Ecobee, and Lennox International. Players and manufacturers in the global smart thermostat market are focused on product innovation to engage a larger consumer base in coming years. For example, in December of 2020, Carrier Corporation launched their flagship ‘Infinity system’ that features an updated zoning sensor. This allows the consumer to smartly control a specific zone in their house’s infinity zoning system.

Growing usage of internet an internet enabled smart living devices along with increasing focus on reduction of the carbon dioxide emission levels has fast tracked the development of North America smart thermostat market. Europe is another region expected to witness healthy growth in the global smart thermostat market in coming years, owing to increasing smart thermostat sales in the countries such as Netherlands, United Kingdom, and Germany. Growing impetus on home automation and rising number of government initiatives to support energy conservation and adoption of green buildings is expected to create ample opportunities for the Asia Pacific smart thermostat market in years to come.

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Author: Rohit Bhisey

As Head of Marketing at TMR Research, Rohit brings to the table over a decade of experience in market research and Internet marketing. His dedication, perseverance, and passion for perfection have enabled him to achieve immense success in his field. Rohit is an expert at formulating new business plans and strategies to help boost web traffic. His interests lie in writing news articles on technology,healthcare and business.

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