Lewes, DE -- (SBWire) -- 03/21/2016 --Report forecast the global ZigBee-enabled smart thermostat market to grow at a CAGR of 67.45% during the period 2016-2020.
Smart thermostats are used to adjust indoor ambient temperatures and humidity levels. It is an enhanced version of conventional thermostats: smart thermostats combine software, sensors, online connectivity, algorithms, and consumer-friendly interfaces to save on energy and promote electricity conservation. Several wireless technologies such as ZigBee and Wi-Fi are used to connect smart thermostats with mobile computing devices such as smartphones and tablets. Wireless technologies enable consumers to control and manage their smart thermostats from anywhere in the home.
The ZigBee standard is a wireless technology that enables device-to-device communication in any market. ZigBee operates on Institute of Electrical and Electronics Engineers (IEEE) 802.15.4 physical radio specification in unauthorized bands that include 2.4 GHz, 900 MHz, and 868 MHz. ZigBee is an open global standard with added benefits such as low-cost and low-power wireless machine-to-machine (M2M) networks.
The report covers the present scenario and the growth prospects of the global ZigBee-enabled smart thermostat market during 2016-2020. It includes a brief description of various ZigBee standards and an overview of other wireless industry standards. The report provides a detailed comparison of various competing wireless technologies.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, the rapidly emerging IoT market worldwide is prompting different industries to join ZigBee Alliance. The alliance offers global wireless standards. It aids member companies in developing products that are compatible with ZigBee-certified products. Currently, the alliance has more than 400 members, working collaboratively to develop simple and easy-to-use ZigBee standards and products that define the IoT for use in consumer, commercial, and industrial applications.
Further, the report states that the high cost of smart thermostats is proving to be a major hurdle for market growth.
Global ZigBee-enabled Smart Thermostat Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the Global ZigBee-enabled Smart Thermostat Market: Carrier, Centralite Systems, Control4, ecobee, Energate, Fidure, Honeywell, and Leviton.
Market driver
- Rise in ZigBee Alliance membership
- For a full, detailed list, view our report
Market challenge
- Threat from competing technologies
- For a full, detailed list, view our report
Market trend
- Increased popularity of smart homes
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 56 pages and 18 Exhibit "Global ZigBee-enabled Smart Thermostat Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Overview of ZigBee standard, Overview of wireless industry alliance, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.
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