Technology News & Trends

  The competitive landscape of the global  smart thermostat market  is consolidated and competitive with a limited number of companies operating in the market. Key players in the smart thermostat market are focusing on advanced technology to concretize their market position, says Transparency Market Research. Increasing demand for smart thermostat applications in commercial and residential sectors is expected to encourage investors to invest in smart thermostat technology. Apart from this, companies are focusing to expand their business forming strategic partnerships, mergers, acquisitions, and collaborations to gain a competitive edge in the market. Some of the prominent players operating in the smart thermostat market are Honeywell International Inc., Schneider Electric, Tado GmbH, Control4 Corporation, and Ecobee, Inc.According to a new report by TMR, the smart thermostat market is expected to reach US$8,729.2 mn by 2026. The market is anticipated to grow at an astonis...

The competitive landscape of the global  smart thermostat market  is consolidated and competitive with a limited number of companies operating in the market. Key players in the smart thermostat market are focusing on advanced technology to concretize their market position, says Transparency Market Research. Increasing demand for smart thermostat applications in commercial and residential sectors is expected to encourage investors to invest in smart thermostat technology. According to a new report by TMR, the smart thermostat market is expected to reach US$8,729.2 mn by 2026. The market is anticipated to grow at an astonishing 23.7% CAGR from 2018 to 2026. On the basis of demand, Asia Pacific is projected to lead the global market during the forecast period. This is mainly because of the rising demand from countries such as China, India, Japan, and South Korea. Based on application, the residential segment is expected to account for a major market share in the for...

According to a new market research report, published by Transparency Market Research , the smart thermostat market is expected to reach US$ 8,729.2 Mn by 2026, expanding at a CAGR of 23.7% from 2018 to 2026. According to the report, the smart thermostat market is likely to continue to be influenced by a range of macroeconomic and market-specific factors in the next few years. In terms of demand, Asia Pacific is projected to lead the global market during the forecast period. The market in the region is likely to expand at a CAGR of 26.9% from 2018 to 2026. China, India, Japan, and South Korea are expected to be major contributors to the smart thermostat market in Asia Pacific during the forecast period. Smart thermostats and other connected devices are gaining traction in the consumer goods sector. This is primarily due to the rising demand for energy-saving equipment for use in smart homes/buildings. Different research studies have proved that usage of smart thermostats helps re...

According to a new market research report, published by Transparency Market Research , the smart thermostat market is expected to reach US$ 8,729.2 Mn by 2026, expanding at a CAGR of 23.7% from 2018 to 2026. According to the report, the smart thermostat market is likely to continue to be influenced by a range of macroeconomic and market-specific factors in the next few years. In terms of demand, Asia Pacific is projected to lead the global market during the forecast period. The market in the region is likely to expand at a CAGR of 26.9% from 2018 to 2026. China, India, Japan, and South Korea are expected to be major contributors to the smart thermostat market in Asia Pacific during the forecast period. Smart thermostats and other connected devices are gaining traction in the consumer goods sector. This is primarily due to the rising demand for energy-saving equipment for use in smart homes/buildings. Different research studies have proved that usage of smart thermostats helps...