Smart Thermostats Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2014 - 2020
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Increasing energy prices and the need to optimize power which will cut short energy bills is expected to drive the global smart thermostats market during the forecast period. However, smart thermostat demand is increasing only in developed regions with high disposable income such as North America and Europe.
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A component of a control system which maintained the temperature of a system by sensing the temperature of the system is known as a thermostat. A smart thermostat is an automation device responsible for controlling a home’s air conditioning and heating. The user can control the temperature of their home throughout the day by using thermostats. It allows users to set a schedule for controlling temperature. Smart thermostats are connected to the internet; this allows users to adjust their home’s temperature setting using other devices which are connected to the internet such as i-pads and smart phones. This also allows the user to save energy by easily switching the air conditioning or heating device from different locations. In order to minimize power consumption, the thermostats should be programmed correctly.
The global smart thermostats market can be segmented based upon the type into learning thermostats, zoned systems and learning zoned systems. Some smart thermostats are capable of sensing then the house will be occupied...