Smart thermostat is the type of device used for controlling the heating and air conditioning in residential as well as commercial buildings. Smart thermostat allows user to control the temperature of the room throughout the day using a schedule, for example setting different temperature during the day time and night time. Smart thermostats are connected to with internet which enables its user to control the heating setting using different internet connected devices, like smartphones, tablets etc. It also allows user to easily switch on/off the heating or air conditioning of room even when they are not inside home or office.
Smart Thermostat Market: Drivers and Restraint
The smart thermostat market is expected to grow rapidly over the period of forecast. Factors which are responsible for the growth of global smart thermostat market are increasing awareness among consumers about the various advantages of smart thermostats, technological developments, growing urbanization, rising demand of connected homes or smart homes, growing demand of energy efficient devices and availability of configurable and reconfigurable thermostats.
On the other hand, factors which are restraining the growth of global smart thermostat market are incorrect triggering of switches by sensors and incongruity issues in wireless networks. However, demand for self-learning automated devices are expected to create great growth opportunity for the growth of smart thermostat market over the forecast period.
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Smart Thermostat Market: Segmentation
The global smart thermostat market can be segmented on the basis of component, network technology and application. On the basis of component, the global smart thermostat market can be segmented into display, motion sensor, humidity sensor, temperature sensor and others.
On the basis of network technology, the global smart thermostat market can be...