Thermostat Market Segmented by Product, Top Manufacturers, Geography Trends & Forecasts to 2025
Global Market Insights, Inc., has announced the launch of Thermostat Market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.
Browse key industry insights spread across 500 pages with 887 market data tables & 44 figures & charts from the report, “Thermostat Market Size By Product (Smart Thermostat, Mechanical Thermostat, Programmable Thermostat), By Distribution Channel (Utility, Retail, Security, HVAC), By Mode of Operation (Line Voltage, Low Voltage, Millivolt), By Application (Residential, Commercial [Educational Institution, Office Buildings, Retail, Hospitals], Industrial) Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share, & Forecast, 2019 - 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/thermostat-market
The U.S. thermostat market is set to exceed installation of 24 million units by 2025. Stipulation of stringent regulatory mandates along with increasing infrastructure investments toward the refurbishment of residential sector will foster the industry growth. For instance, as stated by the Building Technologies Office 75% of U.S. infrastructure will be new or refurbished by 2035. In addition, increasing penetration of ZigBee and Near Field Communication smart home automation devices coupled with the rising weather-related disasters will complement the business outlook.
Product versatility & diverse applicability across several smart voice assistants including Google Home & Echo will drive the smart thermostat market growth. These systems are self-learning devices and know the amount of time required for heating and cooling the buildings. The escalating adoption of home automation devices has led the industry participants & manufacturers to shift their focus toward innovation and expansion of advanced systems.
Utility thermostat market is predicted to surpass USD 500 million by 2025. The initiation of several programs to provide incentives, subsidies or other discounts pertaining to the installation of home automation systems will encourage the product adoption. The distribution channel has provided various schemes to customers including "Bring Your Own Thermostat" to further strengthen their revenues. Furthermore, increasing penetration of home automation systems and smart home devices along with escalating consumer awareness to remunerate for advanced monitoring solutions will fuel the market growth.
Easy communication capabilities, compatibility with other energy systems and remote control & visibility, are some of the essential parameters encouraging the product demand across commercial application. Compact design and simple, intuitive interface makes it suitable for condominiums, schools and hotels. Increasing investments pertaining to sustainable building infrastructure along with the enforcement of stringent emission norms will foster the thermostat market.
Europe thermostat market will onlook growth owing to extensive expansion of energy efficient data centers along with increasing construction of smart homes. In addition, introduction of emission compliances and stringent energy regulations to ensure smart energy consumption will augment the industry growth.
Partial Table of Contents (ToC) of the report:
Chapter 4 Thermostat Market, By Product
4.1 Thermostat market share by product, 2018 & 2025
4.2 Smart thermostat
4.2.1 Global market from smart thermostat, 2014 – 2025
4.2.2 Global market from smart thermostat, by region, 2014 - 2025
4.3 Mechanical thermostat
4.3.1 Global market from mechanical thermostat, 2014 – 2025
4.3.2 Global market from mechanical thermostat, by region, 2014 - 2025
4.4 Programable thermostat
4.4.1 Global market from programable thermostat, 2014 – 2025
4.4.2 Global market from programable thermostat, by region, 2014 - 2025
4.5 Others
4.5.1 Global market from others, 2014 – 2025
4.5.2 Global market from others, by region, 2014 - 2025
Chapter 5 Thermostat Market, By Distribution Channel
5.1 Thermostat market share by distribution channel, 2018 & 2025
5.2 Utility
5.2.1 Global market from utility, 2014 – 2025
5.2.2 Global market from utility, by region, 2014 - 2025
5.3 Retail
5.3.1 Global market from retail, 2014 – 2025
5.3.2 Global market from retail, by region, 2014 - 2025
5.4 Security
5.4.1 Global market from security, 2014 – 2025
5.4.2 Global market from security, by region, 2014 - 2025
5.5 HVAC
5.5.1 Global market from HVAC, 2014 – 2025
5.5.2 Global market from HVAC, by region, 2014 - 2025
Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/thermostat-market
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