Smart Thermostats Market

Transparency Market Research

Smart Thermostats Market - Global

Industry Analysis, Size, Share, Trends,

Analysis, Growth and Forecast 2014 –

2020

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REPORT DESCRIPTION

Increasing energy prices and the need to optimize power which will cut short energy bills is expected to drive the

global smart thermostats market during the forecast period. However, smart thermostat demand is increasing only

in developed regions with high disposable income such as North America and Europe.

A component of a control system which maintained the temperature of a system by sensing the temperature of the

system is known as a thermostat. A smart thermostat is an automation device responsible for controlling a home’s

air conditioning and heating. The user can control the temperature of their home throughout the day by using

thermostats. It allows users to set a schedule for controlling temperature. Smart thermostats are connected to the

internet; this allows users to adjust their home’s temperature setting using other devices which are connected to the

internet such as i-pads and smart phones. This also allows the user to save energy by easily switching the air

conditioning or heating device from different locations. In order to minimize power consumption, the thermostats

should be programmed correctly.

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The global smart thermostats market can be segmented based upon the type into learning thermostats, zoned

systems and learning zoned systems. Some smart thermostats are...