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Smart Thermostat Market Research Report By
Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Smart Thermostat Market
Smart Thermostat Market
Smart thermostat refers to automation equipment
that finds wide application for heating of HVAC
system and controlling air conditioning in
residential and commercial buildings. This
equipment allows the users to monitor the cooling
and heating of the system by the means of both
the technologies that include wireless and wired
frameworks. The surging penetration of internet
coupled with the increasing demand for IoT based
services plays a significant role in driving the
growth of demand of the smart thermostat market.
Spurring demand for connected smart homes along
with increasing urbanization has created a
lucrative opportunity for the development of the
smart thermostat market.
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Smart Thermostat Market
Taste the market data and market information
presented through more than 50 market data tables
and figures spread in 100 numbers of pages of the
project report. Avail the in-depth table of
content TOC market synopsis on Internet of
Smart Thermostat Market Forecast To 2023
Market Research Future (MRFR) has conducted a
comprehensive study on the global Smart
Thermostat Market. The study signifies that the
decrease in energy wastage and increased energy
saving attributes in this equipment has led to an
increased awareness among users and has surged
the market growth for smart thermostat devices.
 By the application of these smart technology
enabled equipment, the user can remotely control
his homes temperature with the assistance of
smart phones, desktop, and tablets among others.
Additionally, the smart thermostats incorporated
for the residential applications aids in changing
the temperature with the help of a control panel
or a dial.
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Smart Thermostat Market
Regional Analysis
The global smart thermostat market is likely to
develop at a significant rate during the forecast
period. North America has ruled the smart
thermostat market in 2016 owing to the surging
development in wide distribution networks coupled
with the rising demand for energy management
solutions in the region. The prevalence of IT
giants in the region, the increasing innovations
causing advancement of technology usage, and the
entry of new IT players has fueled the growth of
smart thermostat in this market.
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Smart Thermostat Market
Application Major Players in this Research

• Smart Thermostat Market Prominent Players
• Nest Labs, Inc.(U.S.)
• Emerson Electric (U.S.)
• Schneider Electric (France)
• Honeywell International Inc.(U.S.)
• Carrier Corporation (U.S.)
• Tado (Germany)
• Ingersoll Rand (Ireland)
• Nortek, Inc. (France)
• Ecobee (Canada)
• Control4 Corporation (U.S.)

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Smart Thermostat Market
Smart Thermostat Market Segmented on the basis
of

• Segment
• Based on deployment, the global smart thermostat
  market is segmented into wireless and wired
  devices.
• Based on component, the global smart thermostat
  market is segmented into sensors (humidity
  sensor, motion sensor, and temperature sensors)
  and play devices.
• Based on region, the global smart thermostat
  market is segmented into Europe, Asia Pacific,
  North America, and Rest of the World.
• Based on application, the global smart thermostat
  market is segmented into commercial, industrial,
  and residential usages.

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