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(c) AZOTH Analytics October 2017
Global Smart Thermostat Market Analysis By Technology (Wired, Wireless
- Wi-Fi, ZigBee, Others), Application, Components, By Region, By
Country: Opportunities and Forecast (2012-2022)
• By Technology -Wired, Wireless (Wi-Fi, ZigBee, Others)
• By Application - Residential, Commercial, Others
• By Components - Temperature sensor, Humidity sensor, Power
management, Others
• By Region – North America, Europe, APAC, ROW
• By Country - U.S., Canada, Germany, France, U.K., China, Japan,
UAE
(c) AZOTH Analytics
2
 Global Smart Thermostat
Market– By Value (2012-2022)
 Breakdown-By Technology, By
Value (2012-2022)
• Wired
• Wireless
 Breakdown-By Wireless, By
Value (2012-2022)
• Wi-Fi
• ZigBee
• Others
 Breakdown- By Application, By
Value (2012-2022)
• Residential
• Commercial
• Others
 Breakdown- By Components, By
Value (2012-2022)
• Temperature Sensor
• Humidity Sensor
• Power Management
• Others
Global Coverage Regional Coverage
Global Smart Thermostat Market Analysis By Technology (Wired, Wireless - Wi-Fi, ZigBee, Others), Application, Components, By Region, By
Country: Opportunities and Forecast (2012-2022) – By Application (Residential, Commercial, Others), By Components (Temperature sensor,
Humidity sensor, Power management, Others)
 Region Smart Thermostat
Market– By Value (2012-
2022)
 Breakdown-By Technology
(2012-2022)
• Wired
• Wireless
 Breakdown- By Application
• Residential
• Commercial
• Others
 North America
 Europe
 Asia Pacific
 ROW
Country Coverage
 Country Smart Thermostat
Market– By Value (2012-2022)
 Breakdown-By Technology
(2012-2022)
 Breakdown- By Application
(2012-2022)
 Breakdown- By Components
(2012-2022)
 U.S.
 Canada
 Germany
 France
 U.K.
 China
 Japan
 UAE
Company Coverage
 Product Benchmarking
 Sales
 Business Overview
 Product Launches
 Honeywell Inc.
 Nest
 Ecobee
 Quby
 Tado
 Carrier
 Emerson Inc.
 Schneider Electric
 Ingersoll-Rand PLC.
 g
 Global Coverage
 Regional Coverage
 Country Coverage
 Scope of the Study
 Region (North America, Europe, APAC and ROW)
 Country (U.S., Canada, Germany, France, U.K., China,
Japan, UAE)
 Segment Coverage
 By Technology
 By Application
 By Components
(c) AZOTH Analytics
Table of Content
S.No Particulars Page No.
1. Research Methodology 18
2. Executive Summary 19
3. Strategic Recommendation 20
3.1 Expansion of market through regional energy utilities 21
3.2 Asia Pacific Region to witness the fastest growth of Smart Thermostat Market in the forecast period 22
4. Smart Thermostat Outlook 23
5. Global Smart Thermostat Market: Growth and Forecast 31
5.1 By Value (2012-2016) 32
5.2 By Value (2017-2022) 33
6. Global Smart Thermostat Market- Segmental Breakdown 39
6.1 Global Smart Thermostat Market-By Technology 40
6.1.1 By Value (2012-2022) 43
6.2. Global Smart Thermostat Market-By Wireless Technology 45
6.2.1.
By Value (2012-2022) 48
6.3. Global Smart Thermostat Market- By Application 50
6.3.1.
By Value (2012-2022) 53
3
(c) AZOTH Analytics
Table of Content
S. No Particulars Page No.
6.4. Global Smart Thermostat Market- By Components 55
6.4.1 By Value (2012-2016) 58
7. Global Smart Thermostats Market: Regional Analysis 59
7.1. Global Smart Thermostat Market, By Region: Breakdown (%) 59
7.1.1 Global Smart Thermostat Market Size, By Region, 2016 (%) 60
7.1.2 Global Smart Thermostat Market Size, By Region, 2022 (%) 61
8. North America Smart Thermostat Market: An Analysis 63
8.1. North America Smart Thermostat Market Size 63
8.1.1. By Value (2012-2016) 64
8.1.2. By Value (2017-2022) 65
8.2. North America Smart Thermostat Market: By Technology 70
8.2.1. By Value (2012-2022) 70
8.3. North America Smart Thermostat Market: By Application 71
8.3.1. By Value (2012-2022) 71
4
(c) AZOTH Analytics
Table of Content
S. No Particulars Page No.
8.4. North America Smart Thermostat Market: Country Analysis (U.S. and Canada) 72
8.4.1. U.S. Smart Thermostat Market Size, By Value (2012-2022) 74
8.4.2. U.S. Smart Thermostat Market, By Technology, By Value (2012-2022) 75
8.4.3. U.S. Smart Thermostat Market, By Application, By Value (2012-2022) 76
8.4.4. U.S. Smart Thermostat Market, By Components, By Value (2012-2022) 77
8.4.5. Canada Smart Thermostat Market Size, By Value (2012-2022) 79
8.4.6. Canada Smart Thermostat Market, By Technology, By Value (2012-2022) 80
8.4.7. Canada Smart Thermostat Market, By Application, By Value (2012-2022) 81
8.4.8. Canada Smart Thermostat Market, By Components, By Value (2012-2022) 82
5
(c) AZOTH Analytics
Table of Content
S. No Particulars Page No.
9. Europe Smart Thermostat Market: An Analysis 83
9.1. Europe Smart Thermostat Market size 83
9.1.1. By Value (2012-2016) 84
9.1.2. By Value (2017-2022) 85
9.2. Europe Smart Thermostat Market: By Technology 90
9.2.1. By Value (2012-2022) 90
9.3. Europe Smart Thermostat Market: By Application 91
9.3.1. By Value (2012-2022) 91
9.4. Europe Smart Thermostat Market: Country Analysis (Germany, U.K., France) 92
9.4.1. Germany Smart Thermostat Market Size, By Value (2012-2022) 94
9.4.2. Germany Smart Thermostat Market, By Technology, By Value (2012-2022) 95
6
(c) AZOTH Analytics
Table of Content
S. No Particulars Page No.
9.4.3. Germany Smart Thermostat Market, By Application, By Value (2012-2022) 96
9.4.4. Germany Smart Thermostat Market, By Components, By Value (2012-2022) 97
9.4.5. France Smart Thermostat Market Size, By Value (2012-2022) 99
9.4.6. France Smart Thermostat Market, By Technology, By Value (2012-2022) 100
9.4.7. France Smart Thermostat Market Size, By Application, By Value (2012-2022) 101
9.4.8. France Smart Thermostat Market Size, By Components, By Value (2012-2022) 102
9.4.9. U.K. Smart Thermostat Market Size, By Value (2012-2022) 104
9.4.10. U.K. Smart Thermostat Market, By Technology, By Value (2012-2022) 105
9.4.11. U.K. Smart Thermostat Market Size, By Application, By Value (2012-2022) 106
9.4.12. U.K. Smart Thermostat Market Size, By Components, By Value (2012-2022) 107
10. APAC Smart Thermostat Market: An Analysis 108
10.1. APAC Smart Thermostat Market size 108
10.1.1. By Value (2012-2016) 109
7
(c) AZOTH Analytics
Table of Content
S. No Particulars Page No.
10.1.2. By Value (2017-2022) 110
10.2. APAC Smart Thermostat Market: By Technology 114
10.2.1. By Value (2012-2022) 114
10.3. APAC Smart Thermostat Market: By Application 115
10.3.1. By Value (2012-2022) 115
10.4. APAC Smart Thermostat Market: Country Analysis (China, Japan) 116
10.4.1. China Smart Thermostat Market Size, By Value (2012-2022) 118
10.4.2. China Smart Thermostat Market, By Technology, By Value (2012-2022) 119
10.4.3. China Smart Thermostat Market Size, By Application, By Value (2012-2022) 120
8
(c) AZOTH Analytics
Table of Content
S. No Particulars Page No.
10.4.4. China Smart Thermostat Market Size, By Components, By Value (2012-2022) 121
10.4.5. Japan Smart Thermostat Market Size, By Value (2012-2022) 123
10.4.6. Japan Smart Thermostat Market, By Technology, By Value (2012-2022) 124
10.4.7. Japan Smart Thermostat Market Size, By Application, By Value (2012-2022) 125
10.4.8. Japan Smart Thermostat Market Size, By Components, By Value (2012-2022) 126
11. RoW Smart Thermostat Market: An Analysis 127
11.1. RoW Smart Thermostat Market size 127
11.1.1. By Value (2012-2016) 128
11.1.2. By Value (2017-2022) 129
11.2. RoW Smart Thermostat Market: By Technology 131
11.2.1. By Value (2012-2022) 131
11.3. RoW Smart Thermostat Market: By Application 132
11.3.1. By Value (2012-2022) 132
9
(c) AZOTH Analytics
Table of Content
S. No Particulars Page No.
11.4. RoW Smart Thermostat Market: Country Analysis (U.A.E.) 133
11.4.1. U.A.E. Smart Thermostat Market Size, By Value (2012-2022) 134
11.4.2. U.A.E. Smart Thermostat Market, By Technology, By Value (2012-2022) 135
11.4.3. U.A.E. Smart Thermostat Market Size, By Application, By Value (2012-2022) 136
11.4.4. U.A.E. Smart Thermostat Market Size, By Components, By Value (2012-2022) 137
12. Market Dynamics 138
12.1. Global Smart Thermostat Market Growth Drivers 139
12.2. Global Smart Thermostat Market Challenges 143
13. Market Trends 147
14. Porter’s Five Forces Analysis –Smart Thermostat Market 151
15. SWOT Analysis –Smart Thermostat Market 153
16. Competitive Landscape 155
16.1. Pricing Analysis 156
10
(c) AZOTH Analytics
Table of Content
S. No Particulars Page No.
16.2. Product Benchmarking of Key Industry Players in Smart Thermostat, By Technology 157
16.3. Product Benchmarking of Key Industry Players in Smart Thermostat, By Application 158
17. Policy and Regulatory Landscape 159
18. Company Profiling 171
18.1 Honeywell 172
18.2. Nest 174
18.3. Ecobee 175
18.4. Tado 176
18.5. Quby 177
18.6. Emerson Inc. 178
18.7. Carrier 180
18.8. Schneider Electric 182
18.9. Ingersoll Land Plc. 184
19. About Us 186
11
(c) AZOTH Analytics
List of Figures
Figure No. Figure Title Page No.
Figure 1: Global Smart Thermostat Market Size, By Value, 2012-2016 (USD Million) 32
Figure 2: Global Smart Thermostat Market Size, By Value, Forecast, 2017-2022 (USD Million) 33
Figure 3: Global Energy Consumption in Homes and Buildings, By End Use, 2016 (%) 34
Figure 4: World Urban Population, 2012-2016 (Millions) 35
Figure 5: Global GDP, 2012-2016 (USD Trillion) 35
Figure 6: Global Internet Users & Penetration Rate, 2012-2016 36
Figure 7: Global Smart Home Devices Shipment 2015-2020F (Millions Units) 37
Figure 8: Global & Regional Smart Home Penetration, 2016 VS 2020 (%) 37
Figure 9: Percentage Demand Of Smart Home Devices, 2016 38
Figure 10: Global Smart Thermostat Market Size, By Technology, 2016 (%) 41
Figure 11: Global Smart Thermostat Market Size, By Technology, 2022 (%) 42
Figure 12: Global Wireless Smart Thermostat Market, By Value, 2012-2016 (USD Million) 43
Figure 13: Global Wireless Smart Thermostat Market, By Value, Forecast, 2017-2022(USD Million) 43
Figure 14: Global Wired Smart Thermostat Market, By Value, 2012-2016 (USD Million) 44
Figure 15: Global Wired Smart Thermostat Market, By Value, Forecast, 2017-2022(USD Million) 44
Figure 16: Global Smart Thermostat Market Size, By Wireless Technology, 2016 (%) 46
Figure 17: Global Smart Thermostat Market Size, By Wireless Technology, 2022 (%) 47
Figure 18: Global Wi-Fi Smart Thermostat Market, By Value, 2012-2016 (USD Million) 48
Figure 19: Global Wi-Fi Smart Thermostat Market, By Value, Forecast, 2017-2022 (USD Million) 48
12
(c) AZOTH Analytics
List of Figures
Figure No. Figure Title Page No.
Figure 20: Global ZigBee Smart Thermostat Market, By Value, 2012-2016 (USD Million) 49
Figure 21: Global ZigBee Smart Thermostat Market, By Value, Forecast, 2017-2022(USD Million) 49
Figure 22: Global Smart Thermostat Market Size, By Application, 2016 (%) 51
Figure 23: Global Smart Thermostat Market Size, By Application, 2022 (%) 52
Figure 24: Global Residential Smart Thermostat Market, By Value, 2012-2016 (USD Million) 53
Figure 25: Global Residential Smart Thermostat Market, By Value, Forecast, 2017-2022(USD Million) 53
Figure 26: Global Commercial Smart Thermostat Market, By Value, 2012-2016 (USD Million) 54
Figure 27: Global Commercial Smart Thermostat Market, By Value, Forecast, 2017-2022(USD Million) 54
Figure 28: Global Smart Thermostat Market Size, By Components, 2016 (%) 56
Figure 29: Global Smart Thermostat Market Size, By Components, 2022 (%) 57
Figure 30: Global Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million) 58
Figure 31: Global Smart Thermostat Market Size, By Region, 2016 (%) 60
Figure 32: Global Smart Thermostat Market Size, By Region, 2022 (%) 61
Figure 33: Smart Home Revenue Contribution, By Region, 2016 (%) 62
Figure 34: Estimated Number of Smart Homes, Five Largest Market (Million Households) 62
Figure 35: North America Smart Thermostat Market Size, By Value, 2012-2016 (USD Million) 64
Figure 36: North America Smart Thermostat Market Size, By Value, Forecast, 2017-2022 (USD Million) 65
Figure 37: North America, Connected Home Installed Base, 2013-2019F (Million Units) 66
Figure 38: United States Residential Energy Consumption, By End Use, 2016 (%) 67
Figure 39: United States Prevalence of Smart Technology, 2016 (%) 68
13
(c) AZOTH Analytics
List of Figures
Figure No. Figure Title Page No.
Figure 40: North America Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million) 70
Figure 41: North America Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million) 71
Figure 42: North America Smart Thermostat Market, Country Share, 2012-2016(% of Total) 72
Figure 43: North America Smart Thermostat Market, Country Share, 2017-2022 (% of Total) 72
Figure 44: U.S. Smart Thermostat Market Size, By Value, 2012-2022 (USD Million) 74
Figure 45: United States Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million) 75
Figure 46: United States Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million) 76
Figure 47: United States Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million) 77
Figure 48: Canada Smart Thermostat Market Size, By Value, 2012-2022 (USD Million) 79
Figure 49: Canada Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million) 80
Figure 50: Canada Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million) 81
Figure 51: Canada Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million) 82
Figure 52: Europe Smart Thermostat Market Size, By Value, 2012-2016 (USD Million) 84
Figure 53: Europe Smart Thermostat Market Size, By Value, Forecast, 2017-2022(USD Million) 85
Figure 54: Europe Connected Home Installed Base, 2013-2019F (Million Units) 86
Figure 55: Europe Current & Projected Building Sector Carbon Emission (MtC) 87
Figure 56: Energy Consumption in Europe, By End User, 2016 (%) 87
Figure 57: Europe Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million) 90
Figure 58: Europe Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million) 91
Figure 59: Europe Smart Thermostat Market, Country Share, 2012-2016(% of Total) 92
Figure 60: Europe Smart Thermostat Market, Country Share, 2017-2022 (% of Total) 92
14
(c) AZOTH Analytics
List of Figures
Figure No. Figure Title Page No.
Figure 61: Germany Smart Thermostat Market Size, By Value, 2012-2022 (USD Million) 94
Figure 62: Germany Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million) 95
Figure 63: Germany Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million) 96
Figure 64: Germany Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million) 97
Figure 65: France Smart Thermostat Market Size, By Value, 2012-2022 (USD Million) 99
Figure 66: France Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million) 100
Figure 67: France Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million) 101
Figure 68: France Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million) 102
Figure 69: United Kingdom Smart Thermostat Market Size, By Value, 2012-2022 (USD Million) 104
Figure 70: United Kingdom Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million) 105
Figure 71: United Kingdom Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million) 106
Figure 72: United Kingdom Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million) 107
Figure 73: Asia Pacific Smart Thermostat Market Size, By Value, 2012-2016 (USD Million) 109
Figure 74: Asia Pacific Smart Thermostat Market Size, By Value, Forecast, 2017-2022(USD Million) 110
Figure 75: Asia Pacific Projected Urban Population, 2010 VS 2015, (Millions) 111
Figure 76: Asia Pacific Estimated Number of Smart Homes, By Leading Countries (Million Units) 111
Figure 77: Energy Consumption in Asia Pacific, By End User, 2016 (%) 112
Figure 78: Asia Pacific Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million) 114
Figure 79: Asia Pacific Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million) 115
Figure 80: Asia Pacific Smart Thermostat Market, Country Share, 2011-2015 (% of Total) 116
15
(c) AZOTH Analytics
List of Figures
Figure No. Figure Title Page No.
Figure 81: Asia Pacific Smart Thermostat Market, Country Share, 2016-2021 (% of Total) 116
Figure 82: China Smart Thermostat Market Size, By Value, 2012-2022 (USD Million) 118
Figure 83: China Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million) 119
Figure 84: China Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million) 120
Figure 85: China Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million) 121
Figure 86: Japan Smart Thermostat Market Size, By Value, 2012-2022 (USD Million) 123
Figure 87: Japan Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million) 124
Figure 88: Japan Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million) 125
Figure 89: Japan Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million) 126
Figure 90: RoW Smart Thermostat Market Size, By Value, 2012-2016 (USD Million) 128
Figure 91: RoW Smart Thermostat Market Size, By Value, Forecast, 2017-2022(USD Million) 129
Figure 92: Energy Consumption in Middle East & Africa, By End User, 2016 (%) 130
Figure 93: Energy Consumption in UAE, By End User, 2016 (%) 130
Figure 94: RoW Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million) 131
Figure 95: RoW Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million) 132
Figure 96: UAE Smart Thermostat Market Size, By Value, 2012-2022 (USD Million) 134
Figure 97: UAE Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million) 135
Figure 98: UAE Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million) 136
Figure 99: UAE Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million) 137
Figure 100: Percentage of Smart Thermostat Owners, listing preference of Buying (%) 145
16
(c) AZOTH Analytics
List of Figures
Figure No. Figure Title Page No.
Figure 101: Honeywell Inc., Net Sales, 2012-2016 (USD Million) 173
Figure 102: Honeywell Net Sales, By Business Segment, 2016 (%) 173
Figure 103: Honeywell Net Sales, By Region, 2016 (%) 173
Figure 104: Emerson Net Sales, 2012-2016 (USD Billion) 179
Figure 105: Emerson Sales, By Business Segment, 2016 (%) 179
Figure 106: Emerson Sales, By Region, 2016 (%) 179
Figure 107: UTC, Climate, Control & Security; Net Sales, 2012-2016 (USD Billion) 181
Figure 108: UTC, Climate, Control & Security; Net Sales, By Region, 2016 (%) 181
Figure 109: Schneider Electric, Net Revenue, 2012-2016 (USD Billion) 183
Figure 110: Schneider Electric, Net Revenue, By Business Segment, 2016 (%) 183
Figure 111: Schneider Electric, Net Revenue, By Region, 2016 (%) 183
Figure 112: Ingersoll-Rand, Net Revenue, 2012-2016 (USD Billion) 185
Figure 113: Ingersoll-Rand, Net Revenue, By Business Segment, 2016 (%) 185
Figure 114: Ingersoll-Rand, Net Revenue, By Region, 2016 (%) 185
Table A: Best thermostats in the market & Specifications 29
Table B: Pricing Analysis of Smart Thermostat By Leading Companies 156
Table C: Product Benchmarking of Key Industry Players in Smart Thermostat, By Technology 157
Table D: Product Benchmarking of Key Industry Players in Smart Thermostats , By Application 158
17
(c) AZOTH Analytics
Research Methodology
For our study on Global Smart Thermostat Market, we have conducted comprehensive secondary
research followed by an extensive primary research. In the process of secondary research, we have
scrutinized industry documents, accessed from open sources, premium paid databases (Bloomberg,
Thomson Reuters, Factiva) and our internal knowledge base. In the process of primary research, we
have interviewed various industry experts across the value chain of the Smart Thermostat industry.
Market size of the actual period (2012-2016) has been evaluated on the basis of growth trends of
the industry in the last five years, and confirming the findings through primary research. Annual
reports of the companies are scanned to further validate the market size and to estimate the size of
various other end-user sectors. Market sizing and growth in the forecast period (2017-2022) is
estimated through product mapping, application in end-user industries, growth of allied sectors and
historical growth pattern of the industry. All the relevant data points/ statistics in the forecast
period are validated through relevant and reliable primary sources.
Report Focus: Global Smart Thermostat Market
- By Technology (Wired, Wireless)
By Wireless Technology (Wi-Fi, ZigBee, Others)
- By Application (Residential, Commercial, Others)
- By Region (North America, Europe, Asia Pacific, ROW)
- By Country (U.S., Canada, Germany, U.K. , France, China, Japan, UAE)
- Company Coverage (Honeywell, Nest, Ecobee, Quby, Tado, Carrier, Emerson Inc., Schneider Electric,
Ingersoll Land Plc. )
Companies Contacted: Honeywell, Schneider Electric, Emerson, Nest
18
(c) AZOTH Analytics
Global Smart Thermostat Market
Xxxx
Xxxx
Xxxx
Xxxx
Xxxx
xxxx
2017 2018 2019 2020 2021 2022
Source: Azoth Analytics Estimates
CAGR 2017-2022
xxxx%
Figure : Global Smart Thermostat Market Size, By Value, Forecast, 2017-2022 (USD Million)
Government regulations and energy efficiency program by power utilities will drive smart
thermostat services during the forecast period
19
(c) AZOTH Analytics
Global Smart Thermostat Market- By Application
Figure : Global Smart Thermostat Market
Size, By Application, 2016 (%)
Residential Smart thermostats held the major market share of approximately 77.74%, by value,
in the year 2016.
Residential
Commercial
Others
Source: Azoth Analytics Estimates
Key Drivers
Xxxx
xxxx
Xxxx
Xxxx
Xxxx
xxxx
20
(c) AZOTH Analytics
Source: Azoth Analytics Estimates
Figure : North America Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million)
North America Smart Thermostat Market, By Technology
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Wired Wireless
Xxxx
Xxxx
Xxxx
xxxx
CAGR 2012-2016
Wired : xxxx%
Wireless : xxxx%
CAGR 2017-2022
Wired : xxxx%
Wireless : xxxx%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Wired
Wireless
21
(c) AZOTH Analytics
Source: Azoth Analytics Estimates
Figure : Germany Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million)
Germany Smart Thermostat Market, By Application
22
Xxxx
Xxxx
Xxxx
CAGR 2012-2016
Residential: xxxx%
Commercial: xxxx%
Others: xxxx%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Residential
Commercial
Others
CAGR 2017-2022
Residential: xxxx%
Commercial: xxxx%
Others: xxxx%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Residential Commercial Others
(c) AZOTH Analytics
Asia Pacific Smart Thermostat Market: Country Analysis
Japan
China
2012
2013
2014
2015
2016
Figure : Asia Pacific Smart Thermostat Market, Country Share, 2011-2015 (% of Total)
Figure : Asia Pacific Smart Thermostat Market, Country Share, 2016-2021 (% of Total)
Source: Azoth Analytics Estimates
Japan
China
2017
2018
2019
2020
2021
2022
23
(c) AZOTH Analytics
About Azoth Analytics Pvt Ltd.
Azoth Analytics is a business research and analytics firm that creates in-depth research reports and provides customized research solutions and consultancy
services. Verticals in which Azoth Analytics specializes include healthcare and pharmaceutical, oil and gas, retail, chemicals, automotive, FMCG, food &
beverages and technology. Azoth creates comprehensive and in-depth research reports by recording, interpreting and analyzing information. Strategic
market sizing and data dredging techniques include secondary research, and primary research (interviews with management personnel and industry experts).
Disclaimer: Azoth Analytics report information is based mainly on interviews and therefore, is subject to fluctuation. Azoth Analytics therefore, takes no responsibility for
any incorrect information supplied to us by industry experts, manufacturers or users. Azoth does not warranty the completeness of the information and data. Also, analysis
provided in the report are meant for customers’ internal use only and not for general publication or disclosure to third parties.
24

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Global Smart Thermostat Market: Opportunities and Forecast (2012-2022)

  • 1. (c) AZOTH Analytics October 2017 Global Smart Thermostat Market Analysis By Technology (Wired, Wireless - Wi-Fi, ZigBee, Others), Application, Components, By Region, By Country: Opportunities and Forecast (2012-2022) • By Technology -Wired, Wireless (Wi-Fi, ZigBee, Others) • By Application - Residential, Commercial, Others • By Components - Temperature sensor, Humidity sensor, Power management, Others • By Region – North America, Europe, APAC, ROW • By Country - U.S., Canada, Germany, France, U.K., China, Japan, UAE
  • 2. (c) AZOTH Analytics 2  Global Smart Thermostat Market– By Value (2012-2022)  Breakdown-By Technology, By Value (2012-2022) • Wired • Wireless  Breakdown-By Wireless, By Value (2012-2022) • Wi-Fi • ZigBee • Others  Breakdown- By Application, By Value (2012-2022) • Residential • Commercial • Others  Breakdown- By Components, By Value (2012-2022) • Temperature Sensor • Humidity Sensor • Power Management • Others Global Coverage Regional Coverage Global Smart Thermostat Market Analysis By Technology (Wired, Wireless - Wi-Fi, ZigBee, Others), Application, Components, By Region, By Country: Opportunities and Forecast (2012-2022) – By Application (Residential, Commercial, Others), By Components (Temperature sensor, Humidity sensor, Power management, Others)  Region Smart Thermostat Market– By Value (2012- 2022)  Breakdown-By Technology (2012-2022) • Wired • Wireless  Breakdown- By Application • Residential • Commercial • Others  North America  Europe  Asia Pacific  ROW Country Coverage  Country Smart Thermostat Market– By Value (2012-2022)  Breakdown-By Technology (2012-2022)  Breakdown- By Application (2012-2022)  Breakdown- By Components (2012-2022)  U.S.  Canada  Germany  France  U.K.  China  Japan  UAE Company Coverage  Product Benchmarking  Sales  Business Overview  Product Launches  Honeywell Inc.  Nest  Ecobee  Quby  Tado  Carrier  Emerson Inc.  Schneider Electric  Ingersoll-Rand PLC.  g  Global Coverage  Regional Coverage  Country Coverage  Scope of the Study  Region (North America, Europe, APAC and ROW)  Country (U.S., Canada, Germany, France, U.K., China, Japan, UAE)  Segment Coverage  By Technology  By Application  By Components
  • 3. (c) AZOTH Analytics Table of Content S.No Particulars Page No. 1. Research Methodology 18 2. Executive Summary 19 3. Strategic Recommendation 20 3.1 Expansion of market through regional energy utilities 21 3.2 Asia Pacific Region to witness the fastest growth of Smart Thermostat Market in the forecast period 22 4. Smart Thermostat Outlook 23 5. Global Smart Thermostat Market: Growth and Forecast 31 5.1 By Value (2012-2016) 32 5.2 By Value (2017-2022) 33 6. Global Smart Thermostat Market- Segmental Breakdown 39 6.1 Global Smart Thermostat Market-By Technology 40 6.1.1 By Value (2012-2022) 43 6.2. Global Smart Thermostat Market-By Wireless Technology 45 6.2.1. By Value (2012-2022) 48 6.3. Global Smart Thermostat Market- By Application 50 6.3.1. By Value (2012-2022) 53 3
  • 4. (c) AZOTH Analytics Table of Content S. No Particulars Page No. 6.4. Global Smart Thermostat Market- By Components 55 6.4.1 By Value (2012-2016) 58 7. Global Smart Thermostats Market: Regional Analysis 59 7.1. Global Smart Thermostat Market, By Region: Breakdown (%) 59 7.1.1 Global Smart Thermostat Market Size, By Region, 2016 (%) 60 7.1.2 Global Smart Thermostat Market Size, By Region, 2022 (%) 61 8. North America Smart Thermostat Market: An Analysis 63 8.1. North America Smart Thermostat Market Size 63 8.1.1. By Value (2012-2016) 64 8.1.2. By Value (2017-2022) 65 8.2. North America Smart Thermostat Market: By Technology 70 8.2.1. By Value (2012-2022) 70 8.3. North America Smart Thermostat Market: By Application 71 8.3.1. By Value (2012-2022) 71 4
  • 5. (c) AZOTH Analytics Table of Content S. No Particulars Page No. 8.4. North America Smart Thermostat Market: Country Analysis (U.S. and Canada) 72 8.4.1. U.S. Smart Thermostat Market Size, By Value (2012-2022) 74 8.4.2. U.S. Smart Thermostat Market, By Technology, By Value (2012-2022) 75 8.4.3. U.S. Smart Thermostat Market, By Application, By Value (2012-2022) 76 8.4.4. U.S. Smart Thermostat Market, By Components, By Value (2012-2022) 77 8.4.5. Canada Smart Thermostat Market Size, By Value (2012-2022) 79 8.4.6. Canada Smart Thermostat Market, By Technology, By Value (2012-2022) 80 8.4.7. Canada Smart Thermostat Market, By Application, By Value (2012-2022) 81 8.4.8. Canada Smart Thermostat Market, By Components, By Value (2012-2022) 82 5
  • 6. (c) AZOTH Analytics Table of Content S. No Particulars Page No. 9. Europe Smart Thermostat Market: An Analysis 83 9.1. Europe Smart Thermostat Market size 83 9.1.1. By Value (2012-2016) 84 9.1.2. By Value (2017-2022) 85 9.2. Europe Smart Thermostat Market: By Technology 90 9.2.1. By Value (2012-2022) 90 9.3. Europe Smart Thermostat Market: By Application 91 9.3.1. By Value (2012-2022) 91 9.4. Europe Smart Thermostat Market: Country Analysis (Germany, U.K., France) 92 9.4.1. Germany Smart Thermostat Market Size, By Value (2012-2022) 94 9.4.2. Germany Smart Thermostat Market, By Technology, By Value (2012-2022) 95 6
  • 7. (c) AZOTH Analytics Table of Content S. No Particulars Page No. 9.4.3. Germany Smart Thermostat Market, By Application, By Value (2012-2022) 96 9.4.4. Germany Smart Thermostat Market, By Components, By Value (2012-2022) 97 9.4.5. France Smart Thermostat Market Size, By Value (2012-2022) 99 9.4.6. France Smart Thermostat Market, By Technology, By Value (2012-2022) 100 9.4.7. France Smart Thermostat Market Size, By Application, By Value (2012-2022) 101 9.4.8. France Smart Thermostat Market Size, By Components, By Value (2012-2022) 102 9.4.9. U.K. Smart Thermostat Market Size, By Value (2012-2022) 104 9.4.10. U.K. Smart Thermostat Market, By Technology, By Value (2012-2022) 105 9.4.11. U.K. Smart Thermostat Market Size, By Application, By Value (2012-2022) 106 9.4.12. U.K. Smart Thermostat Market Size, By Components, By Value (2012-2022) 107 10. APAC Smart Thermostat Market: An Analysis 108 10.1. APAC Smart Thermostat Market size 108 10.1.1. By Value (2012-2016) 109 7
  • 8. (c) AZOTH Analytics Table of Content S. No Particulars Page No. 10.1.2. By Value (2017-2022) 110 10.2. APAC Smart Thermostat Market: By Technology 114 10.2.1. By Value (2012-2022) 114 10.3. APAC Smart Thermostat Market: By Application 115 10.3.1. By Value (2012-2022) 115 10.4. APAC Smart Thermostat Market: Country Analysis (China, Japan) 116 10.4.1. China Smart Thermostat Market Size, By Value (2012-2022) 118 10.4.2. China Smart Thermostat Market, By Technology, By Value (2012-2022) 119 10.4.3. China Smart Thermostat Market Size, By Application, By Value (2012-2022) 120 8
  • 9. (c) AZOTH Analytics Table of Content S. No Particulars Page No. 10.4.4. China Smart Thermostat Market Size, By Components, By Value (2012-2022) 121 10.4.5. Japan Smart Thermostat Market Size, By Value (2012-2022) 123 10.4.6. Japan Smart Thermostat Market, By Technology, By Value (2012-2022) 124 10.4.7. Japan Smart Thermostat Market Size, By Application, By Value (2012-2022) 125 10.4.8. Japan Smart Thermostat Market Size, By Components, By Value (2012-2022) 126 11. RoW Smart Thermostat Market: An Analysis 127 11.1. RoW Smart Thermostat Market size 127 11.1.1. By Value (2012-2016) 128 11.1.2. By Value (2017-2022) 129 11.2. RoW Smart Thermostat Market: By Technology 131 11.2.1. By Value (2012-2022) 131 11.3. RoW Smart Thermostat Market: By Application 132 11.3.1. By Value (2012-2022) 132 9
  • 10. (c) AZOTH Analytics Table of Content S. No Particulars Page No. 11.4. RoW Smart Thermostat Market: Country Analysis (U.A.E.) 133 11.4.1. U.A.E. Smart Thermostat Market Size, By Value (2012-2022) 134 11.4.2. U.A.E. Smart Thermostat Market, By Technology, By Value (2012-2022) 135 11.4.3. U.A.E. Smart Thermostat Market Size, By Application, By Value (2012-2022) 136 11.4.4. U.A.E. Smart Thermostat Market Size, By Components, By Value (2012-2022) 137 12. Market Dynamics 138 12.1. Global Smart Thermostat Market Growth Drivers 139 12.2. Global Smart Thermostat Market Challenges 143 13. Market Trends 147 14. Porter’s Five Forces Analysis –Smart Thermostat Market 151 15. SWOT Analysis –Smart Thermostat Market 153 16. Competitive Landscape 155 16.1. Pricing Analysis 156 10
  • 11. (c) AZOTH Analytics Table of Content S. No Particulars Page No. 16.2. Product Benchmarking of Key Industry Players in Smart Thermostat, By Technology 157 16.3. Product Benchmarking of Key Industry Players in Smart Thermostat, By Application 158 17. Policy and Regulatory Landscape 159 18. Company Profiling 171 18.1 Honeywell 172 18.2. Nest 174 18.3. Ecobee 175 18.4. Tado 176 18.5. Quby 177 18.6. Emerson Inc. 178 18.7. Carrier 180 18.8. Schneider Electric 182 18.9. Ingersoll Land Plc. 184 19. About Us 186 11
  • 12. (c) AZOTH Analytics List of Figures Figure No. Figure Title Page No. Figure 1: Global Smart Thermostat Market Size, By Value, 2012-2016 (USD Million) 32 Figure 2: Global Smart Thermostat Market Size, By Value, Forecast, 2017-2022 (USD Million) 33 Figure 3: Global Energy Consumption in Homes and Buildings, By End Use, 2016 (%) 34 Figure 4: World Urban Population, 2012-2016 (Millions) 35 Figure 5: Global GDP, 2012-2016 (USD Trillion) 35 Figure 6: Global Internet Users & Penetration Rate, 2012-2016 36 Figure 7: Global Smart Home Devices Shipment 2015-2020F (Millions Units) 37 Figure 8: Global & Regional Smart Home Penetration, 2016 VS 2020 (%) 37 Figure 9: Percentage Demand Of Smart Home Devices, 2016 38 Figure 10: Global Smart Thermostat Market Size, By Technology, 2016 (%) 41 Figure 11: Global Smart Thermostat Market Size, By Technology, 2022 (%) 42 Figure 12: Global Wireless Smart Thermostat Market, By Value, 2012-2016 (USD Million) 43 Figure 13: Global Wireless Smart Thermostat Market, By Value, Forecast, 2017-2022(USD Million) 43 Figure 14: Global Wired Smart Thermostat Market, By Value, 2012-2016 (USD Million) 44 Figure 15: Global Wired Smart Thermostat Market, By Value, Forecast, 2017-2022(USD Million) 44 Figure 16: Global Smart Thermostat Market Size, By Wireless Technology, 2016 (%) 46 Figure 17: Global Smart Thermostat Market Size, By Wireless Technology, 2022 (%) 47 Figure 18: Global Wi-Fi Smart Thermostat Market, By Value, 2012-2016 (USD Million) 48 Figure 19: Global Wi-Fi Smart Thermostat Market, By Value, Forecast, 2017-2022 (USD Million) 48 12
  • 13. (c) AZOTH Analytics List of Figures Figure No. Figure Title Page No. Figure 20: Global ZigBee Smart Thermostat Market, By Value, 2012-2016 (USD Million) 49 Figure 21: Global ZigBee Smart Thermostat Market, By Value, Forecast, 2017-2022(USD Million) 49 Figure 22: Global Smart Thermostat Market Size, By Application, 2016 (%) 51 Figure 23: Global Smart Thermostat Market Size, By Application, 2022 (%) 52 Figure 24: Global Residential Smart Thermostat Market, By Value, 2012-2016 (USD Million) 53 Figure 25: Global Residential Smart Thermostat Market, By Value, Forecast, 2017-2022(USD Million) 53 Figure 26: Global Commercial Smart Thermostat Market, By Value, 2012-2016 (USD Million) 54 Figure 27: Global Commercial Smart Thermostat Market, By Value, Forecast, 2017-2022(USD Million) 54 Figure 28: Global Smart Thermostat Market Size, By Components, 2016 (%) 56 Figure 29: Global Smart Thermostat Market Size, By Components, 2022 (%) 57 Figure 30: Global Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million) 58 Figure 31: Global Smart Thermostat Market Size, By Region, 2016 (%) 60 Figure 32: Global Smart Thermostat Market Size, By Region, 2022 (%) 61 Figure 33: Smart Home Revenue Contribution, By Region, 2016 (%) 62 Figure 34: Estimated Number of Smart Homes, Five Largest Market (Million Households) 62 Figure 35: North America Smart Thermostat Market Size, By Value, 2012-2016 (USD Million) 64 Figure 36: North America Smart Thermostat Market Size, By Value, Forecast, 2017-2022 (USD Million) 65 Figure 37: North America, Connected Home Installed Base, 2013-2019F (Million Units) 66 Figure 38: United States Residential Energy Consumption, By End Use, 2016 (%) 67 Figure 39: United States Prevalence of Smart Technology, 2016 (%) 68 13
  • 14. (c) AZOTH Analytics List of Figures Figure No. Figure Title Page No. Figure 40: North America Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million) 70 Figure 41: North America Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million) 71 Figure 42: North America Smart Thermostat Market, Country Share, 2012-2016(% of Total) 72 Figure 43: North America Smart Thermostat Market, Country Share, 2017-2022 (% of Total) 72 Figure 44: U.S. Smart Thermostat Market Size, By Value, 2012-2022 (USD Million) 74 Figure 45: United States Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million) 75 Figure 46: United States Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million) 76 Figure 47: United States Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million) 77 Figure 48: Canada Smart Thermostat Market Size, By Value, 2012-2022 (USD Million) 79 Figure 49: Canada Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million) 80 Figure 50: Canada Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million) 81 Figure 51: Canada Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million) 82 Figure 52: Europe Smart Thermostat Market Size, By Value, 2012-2016 (USD Million) 84 Figure 53: Europe Smart Thermostat Market Size, By Value, Forecast, 2017-2022(USD Million) 85 Figure 54: Europe Connected Home Installed Base, 2013-2019F (Million Units) 86 Figure 55: Europe Current & Projected Building Sector Carbon Emission (MtC) 87 Figure 56: Energy Consumption in Europe, By End User, 2016 (%) 87 Figure 57: Europe Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million) 90 Figure 58: Europe Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million) 91 Figure 59: Europe Smart Thermostat Market, Country Share, 2012-2016(% of Total) 92 Figure 60: Europe Smart Thermostat Market, Country Share, 2017-2022 (% of Total) 92 14
  • 15. (c) AZOTH Analytics List of Figures Figure No. Figure Title Page No. Figure 61: Germany Smart Thermostat Market Size, By Value, 2012-2022 (USD Million) 94 Figure 62: Germany Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million) 95 Figure 63: Germany Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million) 96 Figure 64: Germany Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million) 97 Figure 65: France Smart Thermostat Market Size, By Value, 2012-2022 (USD Million) 99 Figure 66: France Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million) 100 Figure 67: France Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million) 101 Figure 68: France Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million) 102 Figure 69: United Kingdom Smart Thermostat Market Size, By Value, 2012-2022 (USD Million) 104 Figure 70: United Kingdom Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million) 105 Figure 71: United Kingdom Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million) 106 Figure 72: United Kingdom Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million) 107 Figure 73: Asia Pacific Smart Thermostat Market Size, By Value, 2012-2016 (USD Million) 109 Figure 74: Asia Pacific Smart Thermostat Market Size, By Value, Forecast, 2017-2022(USD Million) 110 Figure 75: Asia Pacific Projected Urban Population, 2010 VS 2015, (Millions) 111 Figure 76: Asia Pacific Estimated Number of Smart Homes, By Leading Countries (Million Units) 111 Figure 77: Energy Consumption in Asia Pacific, By End User, 2016 (%) 112 Figure 78: Asia Pacific Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million) 114 Figure 79: Asia Pacific Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million) 115 Figure 80: Asia Pacific Smart Thermostat Market, Country Share, 2011-2015 (% of Total) 116 15
  • 16. (c) AZOTH Analytics List of Figures Figure No. Figure Title Page No. Figure 81: Asia Pacific Smart Thermostat Market, Country Share, 2016-2021 (% of Total) 116 Figure 82: China Smart Thermostat Market Size, By Value, 2012-2022 (USD Million) 118 Figure 83: China Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million) 119 Figure 84: China Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million) 120 Figure 85: China Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million) 121 Figure 86: Japan Smart Thermostat Market Size, By Value, 2012-2022 (USD Million) 123 Figure 87: Japan Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million) 124 Figure 88: Japan Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million) 125 Figure 89: Japan Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million) 126 Figure 90: RoW Smart Thermostat Market Size, By Value, 2012-2016 (USD Million) 128 Figure 91: RoW Smart Thermostat Market Size, By Value, Forecast, 2017-2022(USD Million) 129 Figure 92: Energy Consumption in Middle East & Africa, By End User, 2016 (%) 130 Figure 93: Energy Consumption in UAE, By End User, 2016 (%) 130 Figure 94: RoW Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million) 131 Figure 95: RoW Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million) 132 Figure 96: UAE Smart Thermostat Market Size, By Value, 2012-2022 (USD Million) 134 Figure 97: UAE Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million) 135 Figure 98: UAE Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million) 136 Figure 99: UAE Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million) 137 Figure 100: Percentage of Smart Thermostat Owners, listing preference of Buying (%) 145 16
  • 17. (c) AZOTH Analytics List of Figures Figure No. Figure Title Page No. Figure 101: Honeywell Inc., Net Sales, 2012-2016 (USD Million) 173 Figure 102: Honeywell Net Sales, By Business Segment, 2016 (%) 173 Figure 103: Honeywell Net Sales, By Region, 2016 (%) 173 Figure 104: Emerson Net Sales, 2012-2016 (USD Billion) 179 Figure 105: Emerson Sales, By Business Segment, 2016 (%) 179 Figure 106: Emerson Sales, By Region, 2016 (%) 179 Figure 107: UTC, Climate, Control & Security; Net Sales, 2012-2016 (USD Billion) 181 Figure 108: UTC, Climate, Control & Security; Net Sales, By Region, 2016 (%) 181 Figure 109: Schneider Electric, Net Revenue, 2012-2016 (USD Billion) 183 Figure 110: Schneider Electric, Net Revenue, By Business Segment, 2016 (%) 183 Figure 111: Schneider Electric, Net Revenue, By Region, 2016 (%) 183 Figure 112: Ingersoll-Rand, Net Revenue, 2012-2016 (USD Billion) 185 Figure 113: Ingersoll-Rand, Net Revenue, By Business Segment, 2016 (%) 185 Figure 114: Ingersoll-Rand, Net Revenue, By Region, 2016 (%) 185 Table A: Best thermostats in the market & Specifications 29 Table B: Pricing Analysis of Smart Thermostat By Leading Companies 156 Table C: Product Benchmarking of Key Industry Players in Smart Thermostat, By Technology 157 Table D: Product Benchmarking of Key Industry Players in Smart Thermostats , By Application 158 17
  • 18. (c) AZOTH Analytics Research Methodology For our study on Global Smart Thermostat Market, we have conducted comprehensive secondary research followed by an extensive primary research. In the process of secondary research, we have scrutinized industry documents, accessed from open sources, premium paid databases (Bloomberg, Thomson Reuters, Factiva) and our internal knowledge base. In the process of primary research, we have interviewed various industry experts across the value chain of the Smart Thermostat industry. Market size of the actual period (2012-2016) has been evaluated on the basis of growth trends of the industry in the last five years, and confirming the findings through primary research. Annual reports of the companies are scanned to further validate the market size and to estimate the size of various other end-user sectors. Market sizing and growth in the forecast period (2017-2022) is estimated through product mapping, application in end-user industries, growth of allied sectors and historical growth pattern of the industry. All the relevant data points/ statistics in the forecast period are validated through relevant and reliable primary sources. Report Focus: Global Smart Thermostat Market - By Technology (Wired, Wireless) By Wireless Technology (Wi-Fi, ZigBee, Others) - By Application (Residential, Commercial, Others) - By Region (North America, Europe, Asia Pacific, ROW) - By Country (U.S., Canada, Germany, U.K. , France, China, Japan, UAE) - Company Coverage (Honeywell, Nest, Ecobee, Quby, Tado, Carrier, Emerson Inc., Schneider Electric, Ingersoll Land Plc. ) Companies Contacted: Honeywell, Schneider Electric, Emerson, Nest 18
  • 19. (c) AZOTH Analytics Global Smart Thermostat Market Xxxx Xxxx Xxxx Xxxx Xxxx xxxx 2017 2018 2019 2020 2021 2022 Source: Azoth Analytics Estimates CAGR 2017-2022 xxxx% Figure : Global Smart Thermostat Market Size, By Value, Forecast, 2017-2022 (USD Million) Government regulations and energy efficiency program by power utilities will drive smart thermostat services during the forecast period 19
  • 20. (c) AZOTH Analytics Global Smart Thermostat Market- By Application Figure : Global Smart Thermostat Market Size, By Application, 2016 (%) Residential Smart thermostats held the major market share of approximately 77.74%, by value, in the year 2016. Residential Commercial Others Source: Azoth Analytics Estimates Key Drivers Xxxx xxxx Xxxx Xxxx Xxxx xxxx 20
  • 21. (c) AZOTH Analytics Source: Azoth Analytics Estimates Figure : North America Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million) North America Smart Thermostat Market, By Technology 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Wired Wireless Xxxx Xxxx Xxxx xxxx CAGR 2012-2016 Wired : xxxx% Wireless : xxxx% CAGR 2017-2022 Wired : xxxx% Wireless : xxxx% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Wired Wireless 21
  • 22. (c) AZOTH Analytics Source: Azoth Analytics Estimates Figure : Germany Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million) Germany Smart Thermostat Market, By Application 22 Xxxx Xxxx Xxxx CAGR 2012-2016 Residential: xxxx% Commercial: xxxx% Others: xxxx% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Residential Commercial Others CAGR 2017-2022 Residential: xxxx% Commercial: xxxx% Others: xxxx% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Residential Commercial Others
  • 23. (c) AZOTH Analytics Asia Pacific Smart Thermostat Market: Country Analysis Japan China 2012 2013 2014 2015 2016 Figure : Asia Pacific Smart Thermostat Market, Country Share, 2011-2015 (% of Total) Figure : Asia Pacific Smart Thermostat Market, Country Share, 2016-2021 (% of Total) Source: Azoth Analytics Estimates Japan China 2017 2018 2019 2020 2021 2022 23
  • 24. (c) AZOTH Analytics About Azoth Analytics Pvt Ltd. Azoth Analytics is a business research and analytics firm that creates in-depth research reports and provides customized research solutions and consultancy services. Verticals in which Azoth Analytics specializes include healthcare and pharmaceutical, oil and gas, retail, chemicals, automotive, FMCG, food & beverages and technology. Azoth creates comprehensive and in-depth research reports by recording, interpreting and analyzing information. Strategic market sizing and data dredging techniques include secondary research, and primary research (interviews with management personnel and industry experts). Disclaimer: Azoth Analytics report information is based mainly on interviews and therefore, is subject to fluctuation. Azoth Analytics therefore, takes no responsibility for any incorrect information supplied to us by industry experts, manufacturers or users. Azoth does not warranty the completeness of the information and data. Also, analysis provided in the report are meant for customers’ internal use only and not for general publication or disclosure to third parties. 24