According to the report, “Smart Thermostat Market, by Component (Motion Sensor, Temperature Sensor, Humidity Sensor, Display), Network Technology (Wired Networking, Wireless Network), Application (Office Building, Residential, Industrial Building, Hospitality, Healthcare, Educational Building, Retail), and Geography (North America, Latin America, Europe, Asia-Pacific, Middle East & Africa) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022”, the market for smart thermostat is expected to witness impressive growth rate, due to the strong rise in demand from around the world.

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The smart thermostat market report highlights the growth trends and revenue forecasts for the global market. It also focuses on the market share, segmentation, key players, and the geographic regions of the global market.
According to the smart thermostat market, the smart thermostat market will witness an impressive rise in demand during the forecast period. It attributes the steady growth in the market to the increasing demand for the energy-efficient devices, availability of configurable and programmable thermostats, and the rapid technological advancements.

The rapid growth of the smart home market is also considered as one of the significant driving factors for the growth of this market. The advancing technologies and the global demand for energy-efficiency are also expected to drive the market.

However, incompatibility issues and false triggering are the major restraining factors.

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The smart thermostat market segments the global market by components, network technologies, applications, and geographic regions. The components include temperature sensor, motion sensor, display, and humidity sensor.
The network technologies include wireless network and wired network. The application segments include residential, office, hospitality, industrial, educational, healthcare, and retail buildings.

The geographic regions of the market include Latin America, North America, Middle East & Africa, Asia-Pacific, and Europe.

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The smart thermostat market report highlights the major market players, which include Carrier Corporation, Control4 Corporation, Ecobee, Inc., Emerson Electric Co., Honeywell International Inc., Ingersoll-Rand Plc, Nest Labs, Inc., Nortek, Inc., Schneider Electric SE, tado GmbH, and such others. The report forecasts impressive growth for the emerging markets.

The North America region is expected to dominate the global market based on the market share. The report anticipates Asia-Pacific to grow at the fastest rate during the forecast period, due to an impressive rise in demand.

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