Lewes, DE -- (SBWire) -- 02/03/2016 --Report forecast the smart thermostat market in APAC to grow at a CAGR of 63.98% during the period 2015 - 2019.
A smart thermostat uses sensors to control and regulate temperature remotely or through smart devices such as smartphones, tablets, and desktops. The settings can be changed as per the time of the day. It even learns and adapts as per the daily usage of the house occupants.
The report covers the present scenario and the growth prospects of the smart thermostat market in APAC for the period 2015-2019. To calculate the market size, the report considers:
- Revenue generated exclusively from smart thermostats, which are Wi-Fi-enabled programmable thermostats.
- Smart thermostat devices used in houses
Smart Thermostat Market in APAC 2015-2019, 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.
According to the report, the global demand for electricity has been rising continuously in response to widespread industrialization, increasing populations, and growing energy consumption. Electricity charges account for a huge part of consumers' monthly utility bills. Homeowners need to minimize energy consumption to reduce costs. Smart thermostats help users monitor their heating and cooling patterns and remotely monitor appliances so that they can conserve energy.
Further, the report states that ineffective marketing by vendors, the lack of awareness about the benefits of smart thermostats, and the inability to quantify the exact benefits are factors preventing the market from growing.
Key players in the Smart Thermostat Market in APAC: Carrier, Ecobee, Emerson, Energate, Honeywell, Nest and Trane
Other Prominent Vendors in the market are: Ingersoll-Rand plc.
Market driver
- Increasing smart homes market
- For a full, detailed list, view our report
Market challenge
- Energy efficient remodelling homes
- For a full, detailed list, view our report
Market trend
- Pricing strategy
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2019 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 80 pages "Smart Thermostat Market in APAC 2015 - 2019" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by technology, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/smart-thermostat-market-apac-2015-2019
Find all Thermostat Report at: http://www.marketresearchreports.com/thermostat
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