Smart Thermostat Market by Product (Connected, Learning, Standalone), Connectivity Technology (Wireless, Wired), Installation Type (New Installation, Retrofit Installation), Vertical (Residential, Commercial, Industrial), and Region - Global Forecast to 2026

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Date: 26-Mar-2021
No. of pages: 250
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“Smart thermostat market to grow at a CAGR of 20.8% from 2021 to 2026”

The smart thermostat market size is expected to grow from USD 2.5 billion in 2021 to USD 6.4 billion by 2026; it is expected to grow at a CAGR of 20.8% from 2021 to 2026. The key factors driving the growth of the smart thermostat market are increasing adoption of smart homes attributed to COVID-19 situation, emergence of IoT-enabled HVAC systems, government regulations pertaining to increase energy efficiency of buildings, and surging adoption of smart home voice assistants.

“Market for connected smart thermostats to account for largest market share during forecast period

The connected smart thermostat segment is expected to continue to hold the largest market size during the forecast period. The growth of the connected smart thermostat segment is majorly driven by the increasing demand for energy-efficient devices and the expansion of the smart home market. The growing smart home market in APAC is expected to create lucrative opportunities for the global market players in the near future. As the product is cheaper as compared to a learning thermostat, it is a preferred choice for commercial building applications.

“Wireless network to account for larger market share during forecast period

The wireless segment is expected to continue to hold the larger market size during the forecast period. Wireless network is the most widely used connectivity technology in smart thermostats as it helps to reduce the installation and maintenance costs, provides higher flexibility and scalability, and better connectivity. The installation of wireless connectivity makes smart thermostats more compatible with smart devices such as smartphones, tablets, and laptops for operation. The increasing adoption of smart homes in the US is fueling the demand for smart thermostats based on wireless connectivity technology.

“New installation to account for larger market share during forecast period

The new installation segment is expected to continue to hold the larger market size during the forecast period. Rapid infrastructure developments, improved standard of living, and increased focus on developing energy-efficient HVAC systems are fueling the growth of the smart thermostat market for new installation. Implementation of various government regulations to deploy energy-efficient HVAC systems and controls has resulted in the wide adoption of smart thermostats in new buildings. These factors have led to the higher growth of the new installation segment.

“Residential vertical to hold largest size during forecast period

The residential vertical is expected to hold the largest market size during the forecast period. The growing awareness regarding energy conservation & efficiency and environmental protection has fueled the adoption of energy-efficient HVAC controls such as smart thermostats. They help in the optimum utilization of energy and maintaining the most comfortable and healthy environment indoors. Favorable government regulations and tax credit facilities on the installation of HVAC systems and the increasing focus of end users on reducing electricity bills have significantly contributed to the growth of the smart thermostat market for the residential vertical.

North America is expected to capture largest market size during forecast period”        

The North American region is expected to hold the largest share of the smart thermostat market during the forecast period. Supportive government plans and programs & favorable laws are the major factors driving the growth of the regional market. However, the US witnessed a significant decline in the market size in 2020 due to the sudden outbreak of the COVID-19 pandemic and its adverse effects on the infrastructure, industrial, and commercial sectors. The adoption of smart thermostats might be largely impacted in 2021 due to the shutdown of various ongoing construction sites. However, with these projects gradually resuming operations, the demand for smart thermostats is expected to increase with time in the coming years, along with economic recovery.

The break-up of the profiles of primary participants for the report has been given below:


  • By Company Type: Tier 1 = 40%, Tier 2 = 35%, and Tier 3 = 25%

  • By Designation: C-Level Executives = 48%, Directors = 33%, and Others= 19%

  • By Region:  North America = 35%, Europe = 18%, APAC = 40%, and RoW = 7%


Major players operating in the smart thermostat market include Alphabet (Google Nest) (US), Emerson Electric (US), Honeywell International (US), Lennox International (US), ecobee (Canada), Carrier Corporation (US), Johnson Controls (Lux Products) (Ireland), Legrand (Netatmo)  (France), Resideo Technologies (US), Siemens (Germany), Trane Technologies (Ireland), Control4 Corporation (US), Nortek Control (US), tado (Germany).

Research Coverage:

The research report on the global smart thermostat market covers the market based on products, connectivity technology, installation type, vertical, and region. Based on products, the market has been segmented into connected smart thermostat, learning smart thermostat, standalone smart thermostat. Based on connectivity technology, the smart thermostat market has been segmented into wireless network, and wired network. Based on installation type, the smart thermostat market has been segmented into new installation and retrofit installation. Based on vertical, the market has been segmented into residential, commercial, and industrial. The report covers four major regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Key Benefits of Buying the Report:                                                                            


  • This report segments the smart thermostat market comprehensively and provides the closest approximations of the overall market size, as well as that of the sub segments across different products, connectivity technologies, installation types, verticals, and regions.

  • The report helps stakeholders understand the pulse of the market, expected market scenario and provides information on key market drivers, restraints, challenges, and opportunities.

  • The report helps to understand the COVID-19 impact on the smart thermostat market   

Smart Thermostat Market by Product (Connected, Learning, Standalone), Connectivity Technology (Wireless, Wired), Installation Type (New Installation, Retrofit Installation), Vertical (Residential, Commercial, Industrial), and Region - Global Forecast to 2026

Table Of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition And Scope
1.3 Inclusions And Exclusions
1.4 Study Scope
1.4.1 Markets Covered
1.4.2 Years Considered
1.5 Currency
1.6 Limitations
1.7 Market Stakeholders
1.8 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 1 Smart Thermostat Market: Research Design
2.1.1 Secondary Data
2.1.1.1 List Of Major Secondary Sources
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown Of Primaries
2.1.2.2 Key Data From Primary Sources
2.1.3 Secondary And Primary Research
2.1.3.1 Key Industry Insights
2.2 Market Size Estimation
Figure 2 Market Size Estimation Methodology (Supply Side): Revenue From Products/Solutions/Services Of Smart Thermostat Market
2.2.1 Bottom-Up Approach
2.2.1.1 Approach For Arriving At Market Size Using Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach For Arriving At Market Size Using Top-Down Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
2.3 Market Breakdown And Data Triangulation
Figure 5 Market Breakdown And Data Triangulation
2.4 Research Assumptions
Figure 6 Assumptions For Research Study
2.5 Risk Assessment
Table 1 Limitations & Associated Risks

3 Executive Summary
Figure 7 Covid-19 Impact Analysis On Smart Thermostat Market
3.1 Realistic Scenario
3.2 Pessimistic Scenario
3.3 Optimistic Scenario
Figure 8 Connected Smart Thermostat Segment Accounted For Largest Market Share In 2020
Figure 9 Wireless Connectivity Segment Accounted For Larger Market Share In 2020
Figure 10 New Installation Segment Accounted For Larger Market Share In 2020
Figure 11 Residential Vertical To Register Highest Growth Rate During Forecast Period
Figure 12 Apac Smart Thermostat Market To Witness Highest Growth During Forecast Period

4 Premium Insights
4.1 Attractive Opportunities In Smart Thermostat Market
Figure 13 Expanding Smart Home Market Is Fueling Demand For Smart Thermostats
4.2 Smart Thermostat Market, By Product
Figure 14 Connected Smart Thermostat Segment To Account For Largest Share Of Smart Thermostat Market From 2021 To 2026
4.3 Smart Thermostat Market, By Connectivity Technology
Figure 15 Wireless Smart Thermostat Segment To Account For Larger Size Of Smart Thermostat Market From 2021 To 2026
4.4 Smart Thermostat Market, By Installation Type
Figure 16 New Installation Segment To Hold Larger Size Of Smart Thermostat Market From 2021 To 2026
4.5 Smart Thermostat Market, By Vertical And Region
Figure 17 Residential Segment And North America Accounted For Largest Shares Of Smart Thermostat Market In 2020
4.6 Smart Thermostat Market, By Geography
Figure 18 Us Accounted For Largest Share Of Smart Thermostat Market In 2020

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 19 Smart Thermostat Market: Drivers, Restraints, Opportunities, And Challenges
5.2.1 Drivers
5.2.1.1 Increasing Adoption Of Smart Homes Attributed To Covid-19 Situation
5.2.1.2 Emergence Of Iot-Enabled Hvac Systems
5.2.1.3 Government Regulations Pertaining To Increase Energy Efficiency Of Buildings
Figure 20 Projected Energy Demand In India By 2047
5.2.1.4 Surging Adoption Of Smart Home Voice Assistants
Figure 21 Drivers Of Smart Thermostat Market And Their Impact
5.2.2 Restraints
5.2.2.1 High Manufacturing And Installation Costs Of Smart Thermostats
5.2.2.2 Concerns Regarding Data Security
Figure 22 Restraints Of Smart Thermostat Market And Their Impact
5.2.3 Opportunities
5.2.3.1 Increasing Demand For Self-Learning Devices
5.2.3.2 Growing Demand For Cloud Computing In Hvac Industry
Figure 23 Opportunities For Smart Thermostat Market And Their Impact
5.2.4 Challenges
5.2.4.1 High Upgradation Cost Of Existing Systems
5.2.4.2 Inability To Work Offline
5.2.4.3 Disruption In Supply Chain Due To Covid-19 Situation
Figure 24 Challenges For Smart Thermostat Market And Their Impact
5.3 Value Chain Analysis
Figure 25 Value Chain Analysis
5.4 Ecosystem
Figure 26 Smart Thermostat Market: Ecosystem
Table 2 Smart Thermostat Market: Ecosystem
5.5 Yc-Ycc Shift: Smart Thermostat Market
5.6 Porter’s Five Forces Analysis
Table 3 Impact Of Each Force On Smart Thermostat Market
5.7 Case Study
5.7.1 Use Case 1: Heatmiser
5.7.2 Use Case 2: Federation Of Canadian Municipalities
5.8 Technology Analysis
5.8.1 Machine Learning And Energy Infrastructure
5.8.2 Voice Recognition Technology
5.8.3 5g
5.8.4 Predictive Maintenance
5.8.5 Virtual Reality
5.9 Pricing Analysis
Table 4 Average Selling Price Of Smart Thermostat
Table 5 Average Selling Price Of Smart Thermostat By Application
5.10 Trade Analysis
Figure 27 Import Data For Thermostats, 2015–2019 (Usd Million)
Figure 28 Export Data For Thermostats, 2015–2019 (Usd Million)
Table 6 Import Of Thermostats, By Region, 2016–2019 (Usd Million)
5.11 Patent Analysis
Figure 29 Patent Analysis Related To Smart Thermostat Market
Figure 30 Top Companies With Highest Number Of Patent Applications
Table 7 Top Patent Owners (Us) In Last 10 Years
5.12 Regulatory Landscape
5.12.1 Regulations
5.12.2 Codes And Standards For Hvac Systems
Table 8 Mandatory Codes And Standards In Hvac Industry

6 Smart Thermostat Market, By Connectivity Technology
6.1 Introduction
Figure 31 Wireless Network Segment To Account For Larger Share Of Smart Thermostat Market During Forecast Period
Table 9 Smart Thermostat Market, By Connectivity Technology, 2017–2020 (Usd Million)
Table 10 Smart Thermostat Market, By Connectivity Technology, 2021–2026 (Usd Million)
6.2 Wireless Network
6.2.1 Wireless Network Segment To Grow At Highest Rate During Forecast Period
6.2.2 Wi-Fi
6.2.3 Zigbee
6.2.4 Z-Wave
6.2.5 Bluetooth
Figure 32 Wi-Fi Sub-Segment To Account For Largest Share Of Smart Thermostat Market For Wireless Connectivity Network During Forecast Period
Table 11 Wireless Connectivity Network: Smart Thermostat Market, By Type, 2017–2020 (Usd Million)
Table 12 Wireless Connectivity Network: Smart Thermostat Market, By Type, 2021–2026 (Usd Million)
Table 13 Wireless Connectivity Network: Smart Thermostat Market, By Vertical, 2017–2020 (Usd Million)
Table 14 Wireless Connectivity Network: Smart Thermostat Market, By Vertical, 2021–2026 (Usd Million)
Table 15 Wireless Connectivity Network: Smart Thermostat Market For Commercial Vertical, By Application, 2017–2020 (Usd Million)
Table 16 Wireless Connectivity Network: Smart Thermostat Market For Commercial Vertical, By Application, 2021–2026 (Usd Million)
6.3 Wired Network
6.3.1 Wired Network Offers More Reliable Connection As Compared To Wireless Network
Table 17 Wired Connectivity Network: Smart Thermostat Market, By Vertical, 2017–2020 (Usd Million)
Table 18 Wired Connectivity Network: Smart Thermostat Market, By Vertical, 2021–2026 (Usd Million)
Figure 33 Offices Application Segment Of Wired Connectivity Market To Register Highest Cagr During Forecast Period
Table 19 Wired Connectivity Network: Smart Thermostat Market For Commercial Vertical, By Application, 2017–2020 (Usd Million)
Table 20 Wired Connectivity Network: Smart Thermostat Market For Commercial Vertical, By Application, 2021–2026 (Usd Million)

7 Smart Thermostat Market, By Specification
7.1 Introduction
7.2 Power
7.2.1 Battery Powered
7.2.2 Hard-Wired
Figure 34 Hard-Wired Smart Thermostat To Hold Larger Market Share During Forecast Period
7.3 Geo-Fencing
Figure 35 Geo-Fencing To Prove As An Efficient Feature For Smart Thermostats
7.4 Multiple Zones
Figure 36 Multiple Zone Is Gaining Importance In Smart Thermostat Market
7.5 Motion Detection
Figure 37 Adoption Of Motion Detection In Smart Thermostat Is Currently A Premium Feature
7.6 Compatibility
7.6.1 Two-Stage
7.6.2 Multi-Stage
Figure 38 Multi-Stage Smart Thermostat To Hold Larger Share Of Smart Thermostat Market

8 Smart Thermostat Market, By Product
8.1 Introduction
Figure 39 Connected Product Segment To Dominate Smart Thermostat Market During Forecast Period
Table 21 Smart Thermostat Market, By Product, 2017–2020 (Usd Million)
Table 22 Smart Thermostat Market, By Product, 2021–2026 (Usd Million)
Table 23 Smart Thermostat Market, 2017–2020 (Thousand Units)
Table 24 Smart Thermostat Market, 2021–2026 (Thousand Units)
8.2 Standalone Smart Thermostat
8.2.1 Easy Installation Process To Increase Demand For Standalone Smart Thermostat
8.3 Connected Smart Thermostat
8.3.1 Connected Smart Thermostat Segment To Account For Largest Share Of Smart Thermostat Market
8.4 Learning Smart Thermostat
8.4.1 Learning Thermostat Segment To Grow At Highest Rate During Forecast Period

9 Smart Thermostat Market, By Installation Type
9.1 Introduction
Figure 40 New Installation Segment To Dominate Smart Thermostat Market During Forecast Period
Table 25 Smart Thermostat Market, By Installation Type, 2017–2020 (Usd Billion)
Table 26 Smar Thermostat Market, By Installation Type, 2021–2026 (Usd Billion)
9.2 New Installation
9.2.1 New Installation Segment To Hold Larger Share Of Smart Thermostat Market
Table 27 Smart Thermostat Market For New Installation, By Vertical, 2017–2020 (Usd Million)
Table 28 Smart Thermostat Market For New Installation, By Vertical, 2021–2026 (Usd Million)
Table 29 New Installation Market For Commercial Vertical, By Application, 2017–2020 (Usd Million)
Table 30 New Installation Market For Commercial Vertical, By Application, 2021–2026 (Usd Million)
9.3 Retrofit Installation
9.3.1 Hvac Retrofits Are Installed To Ensure Improved System Performance And Energy Saving
Figure 41 Residential Vertical To Dominate Retrofit Installation Segment Of Smart Thermostat Market During Forecast Period
Table 31 Smart Thermostat Market For Retrofit Installation, By Vertical, 2017–2020 (Usd Million)
Table 32 Smart Thermostat Market For Retrofit Installation, By Vertical, 2021–2026 (Usd Million)
Table 33 Retrofit Installation Market For Commercial Vertical, By Application, 2017–2020 (Usd Million)
Table 34 Retrofit Installation Market For Commercial Vertical, By Application, 2021–2026 (Usd Million)

10 Smart Thermostat Market, By Component
10.1 Introduction
10.2 Display
10.3 Control Unit
10.4 Temperature Sensor
10.5 Humidity Sensor
10.6 Motion Sensor
10.7 Others

11 Smart Thermostat Market, By Vertical
11.1 Introduction
Figure 42 Residential Vertical To Dominate Smart Thermostat Market During Forecast Period
Table 35 Smart Thermostat Market, By Vertical, 2017–2020 (Usd Million)
Table 36 Smart Thermostat Market, By Vertical, 2021–2026 (Usd Million)
11.2 Residential
11.2.1 Residential Vertical To Hold Largest Share Of Smart Thermostat Market
Table 37 Smart Thermostat Market For Residential Vertical, By Connectivity Technology, 2017–2020 (Usd Million)
Table 38 Smart Thermostat Market For Residential Vertical, By Connectivity Technology, 2021–2026 (Usd Million)
Table 39 Smart Thermostat Market For Residential Vertical, By Installation Type, 2017–2020 (Usd Million)
Table 40 Smart Thermostat Market For Residential Vertical, By Installation Type, 2021–2026 (Usd Million)
Table 41 Smart Thermostat Market For Residential Vertical, By Region, 2017–2020 (Usd Million)
Table 42 Smart Thermostat Market For Residential Vertical, By Region, 2021–2026 (Usd Million)
Figure 43 Us Market For Residential Vertical In North America To Grow At Highest Rate During Forecast Period
Table 43 Smart Thermostat Market For Residential Vertical In North America, By Country, 2017–2020 (Usd Million)
Table 44 Smart Thermostat Market For Residential Vertical In North America, By Country, 2021–2026 (Usd Million)
Table 45 Smart Thermostat Market For Residential Vertical In Europe, By Country, 2017–2020 (Usd Million)
Table 46 Smart Thermostat Market For Residential Vertical In Europe, By Country, 2021–2026 (Usd Million)
Table 47 Smart Thermostat Market For Residential Vertical In Apac, By Country, 2017–2020 (Usd Million)
Table 48 Smart Thermostat Market For Residential Vertical In Apac, By Country, 2021–2026 (Usd Million)
Table 49 Smart Thermostat Market For Residential Vertical In Row, By Region, 2017–2020 (Usd Million)
Table 50 Smart Thermostat Market For Residential Vertical In Row, By Region, 2021–2026 (Usd Million)
11.3 Commercial
Figure 44 Retail Application To Dominate Smart Thermostat Market For Commercial Vertical During Forecast Period
Table 51 Smart Thermostat Market For Commercial Vertical, By Application, 2017–2020 (Usd Million)
Table 52 Smart Thermostat Market For Commercial Vertical, By Application, 2021–2026 (Usd Million)
Table 53 Smart Thermostat Market For Commercial Vertical, By Connectivity Technology, 2017–2020 (Usd Million)
Table 54 Smart Thermostat Market For Commercial Vertical, By Connectivity Technology, 2021–2026 (Usd Million)
Table 55 Smart Thermostat Market For Commercial Vertical, By Installation Type, 2017–2020 (Usd Million)
Table 56 Smart Thermostat Market For Commercial Vertical, By Installation Type, 2021–2026 (Usd Million)
Table 57 Smart Thermostat Market For Commercial Vertical, By Region, 2017–2020 (Usd Million)
Table 58 Smart Thermostat Market For Commercial Vertical, By Region, 2021–2026 (Usd Million)
Table 59 Smart Thermostat Market For Commercial Vertical In North America, By Country, 2017–2020 (Usd Million)
Table 60 Smart Thermostat Market For Commercial Vertical In North America, By Country, 2021–2026 (Usd Million)
Figure 45 Uk To Dominate Smart Thermostat Market For Commercial Vertical In Europe During Forecast Period
Table 61 Smart Thermostat Market For Commercial Vertical In Europe, By Country, 2017–2020 (Usd Million)
Table 62 Smart Thermostat Market For Commercial Vertical In Europe, By Country, 2021–2026 (Usd Million)
Table 63 Smart Thermostat Market For Commercial Vertical In Apac, By Country, 2017–2020 (Usd Million)
Table 64 Smart Thermostat Market For Commercial Vertical In Apac, By Country, 2021–2026 (Usd Million)
Table 65 Smart Thermostat Market For Commercial Vertical In Row, By Region, 2017–2020 (Usd Million)
Table 66 Smart Thermostat Market For Commercial Vertical In Row, By Region, 2021–2026 (Usd Million)
11.3.1 Retail
11.3.1.1 Retail Application To Hold Largest Share Of Smart Thermostat Market For Commercial Vertical
Table 67 Smart Thermostat Market For Retail Application, By Connectivity Technology, 2017–2020 (Usd Million)
Figure 46 Wireless Smart Thermostat Market To Dominate Retail Application Segment Of Commercial Vertical During Forecast Period
Table 68 Smart Thermostat Market For Retail Application, By Connectivity Technology, 2021–2026 (Usd Million)
Table 69 Smart Thermostat Market For Retail Application, By Installation Type, 2017–2020 (Usd Million)
Table 70 Smart Thermostat Market For Retail Application, By Installation Type, 2021–2026 (Usd Million)
Table 71 Smart Thermostat Market For Retail Application, By Region, 2017–2020 (Usd Million)
Table 72 Smart Thermostat Market For Retail Application, By Region, 2021–2026 (Usd Million)
11.3.2 Offices
11.3.2.1 Application Of Smart Thermostats In Offices To Increase At Highest Rate During Forecast Period
Table 73 Smart Thermostat Market For Offices Application, By Connectivity Technology, 2017–2020 (Usd Million)
Table 74 Smart Thermostat Market For Offices Application, By Connectivity Technology, 2021–2026 (Usd Million)
Table 75 Smart Thermostat Market For Offices Application, By Installation Type, 2017–2020 (Usd Million)
Table 76 Smart Thermostat Market For Offices Application, By Installation Type, 2021–2026 (Usd Million)
Figure 47 North America To Dominate Offices Application Of Smart Thermostat Market During Forecast Period
Table 77 Smart Thermostat Market For Offices Application, By Region, 2017–2020 (Usd Million)
Table 78 Smart Thermostat Market For Offices Application, By Region, 2021–2026 (Usd Million)
11.3.3 Educational Institutes
11.3.3.1 Growing Need For Achieving Energy Efficiency In Educational Institutes To Fuel Growth Of Application Segment
Table 79 Smart Thermostat Market For Educational Institutes Application, By Connectivity Technology, 2017–2020 (Usd Million)
Table 80 Smart Thermostat Market For Educational Institutes Application, By Connectivity Technology, 2021–2026 (Usd Million)
Table 81 Smart Thermostat Market For Educational Institutes Application, By Installation Type, 2017–2020 (Usd Million)
Table 82 Smart Thermostat Market For Educational Institutes Application, By Installation Type, 2021–2026 (Usd Million)
Table 83 Smart Thermostat Market For Educational Institutes Application, By Region, 2017–2020 (Usd Million)
Table 84 Smart Thermostat Market For Educational Institutes Application, By Region, 2021–2026 (Usd Million)
11.3.4 Hospitality Centers
11.3.4.1 Government Regulations For Increasing Energy Efficiency Of Hospitality Centers To Drive Demand For Smart Thermostats
Figure 48 Wireless Network Segment To Dominate Smart Thermostat Market For Hospitality Centers During Forecast Period
Table 85 Smart Thermostat Market For Hospitality Centers Application, By Connectivity Technology, 2017–2020 (Usd Million)
Table 86 Smart Thermostat Market For Hospitality Centers Application, By Connectivity Technology, 2021–2026 (Usd Million)
Table 87 Smart Thermostat Market For Hospitality Centers Application, By Installation Type, 2017–2020 (Usd Million)
Table 88 Smart Thermostat Market For Hospitality Centers Application, By Installation Type, 2021–2026 (Usd Million)
Table 89 Smart Thermostat Market For Hospitality Centers Application, By Region, 2017–2020 (Usd Million)
Table 90 Smart Thermostat Market For Hospitality Centers Application, By Region, 2021–2026 (Usd Million)
11.3.5 Hospitals
11.3.5.1 Growing Need To Achieve Optimum Efficiency In Hospitals Owing To Global Pandemic To Fuel Demand For Smart Thermostats
Table 91 Smart Thermostat Market For Hospitals Application, By Connectivity Technology, 2017–2020 (Usd Million)
Table 92 Smart Thermostat Market For Hospitals Application, By Connectivity Technology, 2021–2026 (Usd Million)
Table 93 Smart Thermostat Market For Hospitals Application, By Installation Type, 2017–2020 (Usd Million)
Table 94 Smart Thermostat Market For Hospitals Application, By Installation Type, 2021–2026 (Usd Million)
Figure 49 Apac Smart Thermostat Market For Hospitals Applications To Register Highest Cagr During Forecast Period
Table 95 Smart Thermostat Market For Hospitals Application, By Region, 2017–2020 (Usd Million)
Table 96 Smart Thermostat Market For Hospitals Application, By Region, 2021–2026 (Usd Million)
11.4 Industrial
11.4.1 Increasing Number Of Smart Warehouses To Fuel Growth Of Smart Thermostat Market For Industrial Vertical
Table 97 Smart Thermostat Market For Industrial Vertical, By Connectivity Technology, 2017–2020 (Usd Million)
Table 98 Smart Thermostat Market For Industrial Vertical, By Connectivity Technology, 2021–2026 (Usd Million)
Table 99 Smart Thermostat Market For Industrial Vertical, By Installation Type, 2017–2020 (Usd Million)
Table 100 Smart Thermostat Market For Industrial Vertical, By Installation Type, 2021–2026 (Usd Million)
Table 101 Smart Thermostat Market For Industrial Vertical, By Region, 2017–2020 (Usd Million)
Table 102 Smart Thermostat Market For Industrial Vertical, By Region, 2021–2026 (Usd Million)
Figure 50 Us To Dominate North American Smart Thermostat Market For Industrial Vertical
Table 103 Smart Thermostat Market For Industrial Vertical In North America, By Country, 2017–2020 (Usd Million)
Table 104 Smart Thermostat Market For Industrial Vertical In North America, By Country, 2021–2026 (Usd Million)
Table 105 Smart Thermostat Market For Industrial Vertical In Europe, By Country, 2017–2020 (Usd Million)
Table 106 Smart Thermostat Market For Industrial Vertical In Europe, By Country, 2021–2026 (Usd Million)
Table 107 Smart Thermostat Market For Industrial Vertical In Apac, By Country, 2017–2020 (Usd Million)
Table 108 Smart Thermostat Market For Industrial Vertical In Apac, By Country, 2021–2026 (Usd Million)
Table 109 Smart Thermostat Market For Industrial Vertical In Row, By Region, 2017–2020 (Usd Million)
Table 110 Smart Thermostat Market For Industrial Vertical In Row, By Region, 2021–2026 (Usd Million)

12 Geographic Analysis
12.1 Introduction
Figure 51 Smart Thermostat Market In China To Register Highest Cagr From 2021 To 2026
Table 111 Smart Thermostat Market, By Region, 2017–2020 (Usd Million)
Table 112 Smart Thermostat Market, By Region, 2021–2026 (Usd Million)
12.2 North America
Figure 52 North America: Smart Thermostat Market Snapshot
12.2.1 Us
12.2.1.1 Us To Hold Largest Share Of North American Market
12.2.2 Canada
12.2.2.1 Growing Environmental Awareness Among Consumers Of Energy-Efficient Technologies Is Increasing Adoption Of Smart Thermostats In Canada
12.2.3 Mexico
12.2.3.1 High Focus On Mexican Companies And Associations To Boost Manufacturing And Warehousing Sectors To Fuel Market Growth
Table 113 Smart Thermostat Market In North America, By Country, 2017–2020 (Usd Million)
Table 114 Smart Thermostat Market In North America, By Country, 2021–2026 (Usd Million)
Table 115 Smart Thermostat Market In Us, By Vertical, 2017–2020 (Usd Million)
Table 116 Smart Thermostat Market In Us, By Vertical, 2021–2026 (Usd Million)
Table 117 Smart Thermostat Market In Canada, By Vertical, 2017–2020 (Usd Million)
Table 118 Smart Thermostat Market In Canada, By Vertical, 2021–2026 (Usd Million)
Table 119 Smart Thermostat Market In Mexico, By Vertical, 2017–2020 (Usd Million)
Table 120 Smart Thermostat Market In Mexico, By Vertical, 2021–2026 (Usd Million)
12.3 Europe
Figure 53 Europe: Smart Thermostat Market Snapshot
12.3.1 Uk
12.3.1.1 Uk To Hold Largest Size Of Smart Thermostat Market In Europe
12.3.2 Germany
12.3.2.1 Growing Adoption Of Smart Hvac Devices In Smart Cities To Propel The Demand For Smart Thermostats
Table 121 Gas Emission Reduction Targets Based On Sectors, 2030
12.3.3 France
12.3.3.1 Rising Demand For Smart Homes In France To Fuel Growth Of Smart Market
Table 122 National Targets And Contributions Of France
12.3.4 Rest Of Europe (Roe)
Table 123 Smart Thermostat Market In Europe, By Country, 2017–2020 (Usd Million)
Table 124 Smart Thermostat Market In Europe, By Country, 2021–2026 (Usd Million)
Table 125 Smart Thermostat Market In Uk, By Vertical, 2017–2020 (Usd Million)
Table 126 Smart Thermostat Market In Uk, By Vertical, 2021–2026 (Usd Million)
Table 127 Smart Thermostat Market In France, By Vertical, 2017–2020 (Usd Million)
Table 128 Smart Thermostat Market In France, By Vertical, 2021–2026 (Usd Million)
Table 129 Smart Thermostat Market In Germany, By Vertical, 2017–2020 (Usd Million)
Table 130 Smart Thermostat Market In Germany, By Vertical, 2021–2026 (Usd Million)
Table 131 Smart Thermostat Market In Rest Of Europe, By Vertical, 2017–2020 (Usd Million)
Table 132 Smart Thermostat Market In Rest Of Europe, By Vertical, 2021–2026 (Usd Million)
12.4 Apac
Figure 54 Apac: Smart Thermostat Market Snapshot
12.4.1 China
12.4.1.1 China To Hold Largest Share Of Apac Market
12.4.2 Japan
12.4.2.1 Growing Need For Energy Efficiency Is Fueling Demand For Smart Thermostats
12.4.3 South Korea
12.4.3.1 Expanding Smart Home Market To Fuel Market Growth
12.4.4 Rest Of Apac (Roapac)
Table 133 Smart Thermostat Market In Apac, By Country, 2017–2020 (Usd Million)
Table 134 Smart Thermostat Market In Apac, By Country, 2021–2026 (Usd Million)
Table 135 Smart Thermostat Market In China, By Vertical, 2017–2020 (Usd Million)
Table 136 Smart Thermostat Market In China, By Vertical, 2021–2026 (Usd Million)
Table 137 Smart Thermostat Market In Japan, By Vertical, 2017–2020 (Usd Million)
Table 138 Smart Thermostat Market In Japan, By Vertical, 2021–2026 (Usd Million)
Table 139 Smart Thermostat Market In South Korea, By Vertical, 2017–2020 (Usd Million)
Table 140 Smart Thermostat Market In South Korea, By Vertical, 2021–2026 (Usd Million)
Table 141 Smart Thermostat Market In Rest Of Apac, By Vertical, 2017–2020 (Usd Million)
Table 142 Smart Thermostat Market In Rest Of Apac, By Vertical, 2021–2026 (Usd Million)
12.5 Rest Of The World (Row)
Figure 55 Row: Smart Thermostat Market Snapshot
12.5.1 Middle East & Africa
12.5.1.1 Middle East & Africa To Witness Significant Growth
12.5.2 South America
12.5.2.1 Growing Retail Industry To Fuel Regional Market Growth
Table 143 Smart Thermostat Market In Row, By Region, 2017–2020 (Usd Million)
Table 144 Smart Thermostat Market In Row, By Region, 2021–2026 (Usd Million)
Table 145 Smart Thermostat Market In Middle East & Africa, By Vertical, 2017–2020 (Usd Million)
Table 146 Smart Thermostat Market In Middle East & Africa, By Vertical, 2021–2026 (Usd Million)
Table 147 Smart Thermostat Market In South America, By Vertical, 2017–2020 (Usd Million)
Table 148 Smart Thermostat Market In South America, By Vertical, 2021–2026 (Usd Thousand)

13 Competitive Landscape
13.1 Introduction
13.1.1 Top 5 Company Revenue Analysis
Figure 56 Top Players In Smart Thermostat Market, 2016–2020
13.2 Market Evaluation Framework
Table 149 Overview Of Strategies Deployed By Key Players Of Smart Thermostat Market
13.3 Market Share Analysis Of Players, 2019
Table 150 Smart Thermostat Market: Consolidated
13.4 Competitive Evaluation Quadrant
13.4.1 Star
13.4.2 Emerging Leader
13.4.3 Pervasive
13.4.4 Participant
Figure 57 Smart Thermostat Market (Global) Competitive Leadership Mapping, 2019
13.5 Startup/Sme Evaluation Quadrant
13.5.1 Progressive Company
13.5.2 Responsive Company
13.5.3 Dynamic Company
13.5.4 Starting Block
Figure 58 Startup/Sme Evaluation Matrix
Table 151 Company Application Footprint
Table 152 Company Region Footprint
Table 153 Company Footprint
13.6 Competitive Situations And Trends
13.6.1 Product Launches
Table 154 Smart Thermostat Market: Product Launches, January 2018–January 2020
13.6.2 Deals
Table 155 Smart Thermostat Market: Deals, January 2018–January 2021
13.6.3 Others
Table 156 Smart Thermostat Market: Others, January 2018–January 2021

14 Company Profiles
14.1 Key Players
(Business Overview, Products Offered, Recent Developments, And Mnm View)*
14.1.1 Alphabet (Google Nest)
Table 157 Alphabet: Business Overview
Figure 59 Alphabet: Company Snapshot
14.1.2 Emerson Electric
Table 158 Emerson Electric: Business Overview
Figure 60 Emerson Electric: Company Snapshot
14.1.3 Honeywell International
Table 159 Honeywell International: Business Overview
Figure 61 Honeywell International: Company Snapshot
14.1.4 Lennox International
Table 160 Lennox Corporation: Business Overview
Figure 62 Lennox International: Company Snapshot
14.1.5 Ecobee
Table 161 Ecobee: Business Overview
14.1.6 Carrier Corporation
Table 162 Carrier Corporation: Business Overview
14.1.7 Johnson Controls (Lux Products)
Table 163 Johnson Controls: Business Overview
Figure 63 Johnson Controls: Company Snapshot
14.1.8 Legrand (Netatmo)
Table 164 Legrand: Business Overview
Figure 64 Legrand: Company Snapshot
14.1.9 Resideo Technologies
Table 165 Resideo Technologies: Business Overview
Figure 65 Resideo Technologies: Company Snapshot
14.1.10 Siemens
Table 166 Siemens: Business Overview
Figure 66 Siemens: Company Snapshot
14.1.11 Trane Technologies
Table 167 Trane Technologies: Business Overview
Figure 67 Trane Technologies: Company Snapshot
14.1.12 Control4 Corporation
Table 168 Control4 Corporation: Business Overview
14.1.13 Nortek Control
Table 169 Nortek Control: Business Overview
14.1.14 Tado
Table 170 Tado: Business Overview
* Business Overview, Products Offered, Recent Developments, And Mnm View Might Not Be Captured In Case Of Unlisted Companies.
14.2 Other Key Players
14.2.1 Alarm.Com
14.2.2 Bosch Thermotechnology
14.2.3 Centrica Hive
14.2.4 Cielo Wigle
14.2.5 Climote
14.2.6 Empowered Homes (Mysa)
14.2.7 Eve Systems
14.2.8 Mrcool
14.2.9 Radio Thermostat Company Of America
14.2.10 Salus Controls
14.2.11 Vine Connected
14.2.12 Vivint
14.2.13 Zen Ecosystems

15 Adjacent & Related Market
15.1 Introduction
15.2 Limitations
15.3 Building Automation System Market
15.3.1 Definition
15.3.2 Market Overview
15.3.3 Building Automation System Market, By Region
Table 171 Building Automation System Market, By Region, 2015–2020 (Usd Billion)
Table 172 Building Automation System Market, By Region, 2021–2026 (Usd Billion)
15.3.3.1 North America
Table 173 Building Automation System Market In North America, By Country, 2015–2020 (Usd Billion)
Table 174 Building Automation System Market In North America, By Country, 2021–2026 (Usd Billion)
Table 175 Building Automation System Market In North America, By Offering, 2015–2020 (Usd Million)
Table 176 Building Automation System Market In North America, By Offering, 2021–2026 (Usd Million)
Table 177 Building Automation System Market In North America, By Application, 2015–2020 (Usd Billion)
Table 178 Building Automation System Market In North America, By Application, 2021–2026 (Usd Billion)
Table 179 Building Automation System Market In North America For Residential Application, By Country 2015–2020 (Usd Million)
Table 180 Building Automation System Market In North America For Residential Application, By Country, 2021–2026 (Usd Million)
Table 181 Building Automation System Market In North America For Commercial Application, By Country, 2015–2020 (Usd Million)
Table 182 Building Automation System Market In North America For Commercial Application, By Country, 2021–2026 (Usd Million)
Table 183 Building Automation System Market In North America For Industrial Application, By Country, 2015–2020 (Usd Million)
Table 184 Building Automation System Market In North America For Industrial Application, By Country, 2021–2026 (Usd Million)
Table 185 Building Automation System Market In Us, By Application, 2015–2020 (Usd Billion)
Table 186 Building Automation System Market In Us, By Application, 2021–2026 (Usd Billion)
Table 187 Building Automation System Market In Canada, By Application, 2015–2020 (Usd Million)
Table 188 Building Automation System Market In Canada, By Application, 2021–2026 (Usd Million)
Table 189 Building Automation System Market In Mexico, By Application, 2015–2020 (Usd Million)
Table 190 Building Automation System Market In Mexico, By Application, 2021–2026 (Usd Million)
15.3.3.2 Europe
Table 191 Building Automation System Market In Europe, By Country, 2015–2020 (Usd Billion)
Table 192 Building Automation System Market In Europe, By Country, 2021–2026 (Usd Billion)
Table 193 Building Automation System Market In Europe, By Offering, 2015–2020 (Usd Million)
Table 194 Building Automation System Market In Europe, By Offering, 2021–2026 (Usd Million)
Table 195 Building Automation System Market In Europe, By Application, 2015–2020 (Usd Billion)
Table 196 Building Automation System Market In Europe, By Application, 2021–2026 (Usd Billion)
Table 197 Building Automation System Market In Europe For Residential Application, By Country, 2015–2020 (Usd Million)
Table 198 Building Automation System Market In Europe For Residential Application, By Country, 2021–2026 (Usd Million)
Table 199 Building Automation System Market In Europe For Commercial Application, By Country, 2015–2020 (Usd Million)
Table 200 Building Automation System Market In Europe For Commercial Application, By Country, 2021–2026 (Usd Million)
Table 201 Building Automation System Market In Europe For Industrial Application, By Country, 2015–2020 (Usd Million)
Table 202 Building Automation System Market In Europe For Industrial Application, By Country, 2021–2026 (Usd Million)
Table 203 Building Automation System Market In Uk, By Application, 2015–2020 (Usd Million)
Table 204 Building Automation System Market In Uk, By Application, 2021–2026 (Usd Million)
Table 205 Building Automation System Market In Germany, By Application, 2015–2020 (Usd Million)
Table 206 Building Automation System Market In Germany, By Application, 2021–2026 (Usd Million)
Table 207 Building Automation System Market In France, By Application, 2015–2020 (Usd Million)
Table 208 Building Automation System Market In France, By Application, 2021–2026 (Usd Million)
Table 209 Building Automation System Market In Italy, By Application, 2015–2020 (Usd Million)
Table 210 Building Automation System Market In Italy, By Application, 2021–2026 (Usd Million)
Table 211 Building Automation System Market In Rest Of Europe, By Application, 2015–2020 (Usd Million)
Table 212 Building Automation System Market In Rest Of Europe, By Application, 2021–2026 (Usd Million)
15.3.3.3 Apac
Table 213 Building Automation System Market In Apac, By Country, 2015–2020 (Usd Billion)
Table 214 Building Automation System Market In Apac, By Country, 2021–2026 (Usd Billion)
Table 215 Building Automation System Market In Apac, By Offering, 2015–2020 (Usd Million)
Table 216 Building Automation System Market In Apac, By Offering, 2021–2026 (Usd Million)
Table 217 Building Automation System Market In Apac, By Application, 2015–2020 (Usd Billion)
Table 218 Building Automation System Market In Apac, By Application, 2021–2026 (Usd Billion)
Table 219 Building Automation System Market In Apac For Residential Application, By Country, 2015–2020 (Usd Million)
Table 220 Building Automation System Market In Apac For Residential Application, By Country, 2021–2026 (Usd Million)
Table 221 Building Automation System Market In Apac For Commercial Application, By Country, 2015–2020 (Usd Million)
Table 222 Building Automation System Market In Apac For Commercial Application, By Country, 2021–2026 (Usd Million)
Table 223 Building Automation System Market In Apac For Industrial Application, By Country, 2015–2020 (Usd Million)
Table 224 Building Automation System Market In Apac For Industrial Application, By Country, 2021–2026 (Usd Million)
Table 225 Building Automation System Market In China, By Application, 2015–2020 (Usd Million)
Table 226 Building Automation System Market In China, By Application, 2021–2026 (Usd Million)
Table 227 Building Automation System Market In Japan, By Application, 2015–2020 (Usd Million)
Table 228 Building Automation System Market In Japan, By Application, 2021–2026 (Usd Million)
Table 229 Building Automation System Market In India, By Application, 2015–2020 (Usd Million)
Table 230 Building Automation System Market In India, By Application, 2021–2026 (Usd Million)
Table 231 Building Automation System Market In South Korea, By Application, 2015–2020 (Usd Million)
Table 232 Building Automation System Market In South Korea, By Application, 2021–2026 (Usd Million)
Table 233 Building Automation System Market In Rest Of Apac, By Application, 2015–2020 (Usd Million)
Table 234 Building Automation System Market In Rest Of Apac, By Application, 2021–2026 (Usd Million)
15.3.3.4 Row
Table 235 Building Automation System Market In Row, By Region, 2015–2020 (Usd Billion)
Table 236 Building Automation System Market In Row, By Region, 2021–2026 (Usd Billion)
Table 237 Building Automation System Market In Row, By Offering, 2015–2020 (Usd Million)
Table 238 Building Automation System Market In Row, By Offering, 2021–2026 (Usd Million)
Table 239 Building Automation System Market In Row, By Application, 2015–2020 (Usd Billion)
Table 240 Building Automation System Market In Row, By Application, 2021–2026 (Usd Billion)
Table 241 Building Automation System Market In Row For Residential Application, By Region, 2015–2020 (Usd Million)
Table 242 Building Automation System Market In Row For Residential Application, By Region, 2021–2026 (Usd Million)
Table 243 Building Automation System Market In Row For Commercial Application, By Region, 2015–2020 (Usd Million)
Table 244 Building Automation System Market In Row For Commercial Application, By Region, 2021–2026 (Usd Million)
Table 245 Building Automation System Market In Row For Industrial Application, By Region, 2015–2020 (Usd Million)
Table 246 Building Automation System Market In Row For Industrial Application, By Region, 2021–2026 (Usd Million)
Table 247 Building Automation System Market In South America, By Application, 2015–2020 (Usd Million)
Table 248 Building Automation System Market In South America, By Application, 2021–2026 (Usd Million)
Table 249 Building Automation System Market In Middle East And Africa, By Application, 2015–2020 (Usd Million)
Table 250 Building Automation System Market In Middle East And Africa, By Application, 2021–2026 (Usd Million)

16 Appendix
16.1 Insights Of Industry Experts
16.2 Discussion Guide
16.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
16.4 Available Customizations
16.5 Related Reports
16.6 Author Details

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