The Europe Smart Thermostat Market would witness market growth of 17.4% CAGR during the forecast period (2022-2028).
Smart thermostat gives many additional features than a common thermostat like; the capability of learning the preference of its user. A smart thermostat equipped with learning capability will remember the consumer’s routines and automatically adjust the temperature according to the need; energy tracking aids the user to track the energy consumption.
Some devices even have energy-saving presets that can save the user a lot of money on their electricity bills by controlling the smart heating & cooling in the most cost-efficient way. Users can add their smart thermostats to automation with other smart devices if they have a smart home setup. For instance, creating automation to lower the thermostat, turn off their smart lights, and arm their smart home security systems when they go to bed.
Numerous people in interior businesses in the region are developing online platforms and partnering with e-commerce retail outlets to expand their reach to customers. This has spread awareness among the people in the region regarding the arrival of the latest products. With the rising hospitality & tourism sectors, construction activities would also rise. The increasing number of hotels across the European nations will propel the requirement for the smart thermostat market in the region.
The Germany market dominated the Europe Smart Thermostat Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $565.6 million by 2028.The UK market is anticipated to grow at a CAGR of 16.4% during (2022 - 2028). Additionally, The France market would experience a CAGR of 18.3% during (2022 - 2028).
Based on Product, the market is segmented into Connected, Standalone and Learning. Based on End User, the market is segmented into Residential, Commercial and Industrial. Based on Technology, the market is segmented into Wi-Fi, ZigBee and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Johnson Controls International PLC, Emerson Electric Co., Resideo Technologies, Inc., Snap One Holdings Corp. (Control4), Centrica Plc, Ecobee, Inc. (Generac Holdings, Inc.), Netatmo SAS (LeGrand Group), Tado GmbH, and Vine Connected Corporation (Xing Connected Corporation).
Smart thermostat gives many additional features than a common thermostat like; the capability of learning the preference of its user. A smart thermostat equipped with learning capability will remember the consumer’s routines and automatically adjust the temperature according to the need; energy tracking aids the user to track the energy consumption.
Some devices even have energy-saving presets that can save the user a lot of money on their electricity bills by controlling the smart heating & cooling in the most cost-efficient way. Users can add their smart thermostats to automation with other smart devices if they have a smart home setup. For instance, creating automation to lower the thermostat, turn off their smart lights, and arm their smart home security systems when they go to bed.
Numerous people in interior businesses in the region are developing online platforms and partnering with e-commerce retail outlets to expand their reach to customers. This has spread awareness among the people in the region regarding the arrival of the latest products. With the rising hospitality & tourism sectors, construction activities would also rise. The increasing number of hotels across the European nations will propel the requirement for the smart thermostat market in the region.
The Germany market dominated the Europe Smart Thermostat Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $565.6 million by 2028.The UK market is anticipated to grow at a CAGR of 16.4% during (2022 - 2028). Additionally, The France market would experience a CAGR of 18.3% during (2022 - 2028).
Based on Product, the market is segmented into Connected, Standalone and Learning. Based on End User, the market is segmented into Residential, Commercial and Industrial. Based on Technology, the market is segmented into Wi-Fi, ZigBee and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Johnson Controls International PLC, Emerson Electric Co., Resideo Technologies, Inc., Snap One Holdings Corp. (Control4), Centrica Plc, Ecobee, Inc. (Generac Holdings, Inc.), Netatmo SAS (LeGrand Group), Tado GmbH, and Vine Connected Corporation (Xing Connected Corporation).
Scope of the Study
Market Segments Covered in the Report:
By Product
- Connected
- Standalone
- Learning
By End User
- Residential
- Commercial
- Industrial
By Technology
- Wi-Fi
- ZigBee
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Siemens AG
- Johnson Controls International PLC
- Emerson Electric Co
- Resideo Technologies, Inc
- Snap One Holdings Corp. (Control4)
- Centrica Plc
- Ecobee, Inc. (Generac Holdings, Inc.)
- Netatmo SAS (LeGrand Group)
- Tado GmbH
- Vine Connected Corporation (Xing Connected Corporation)
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Smart Thermostat Market, by Product
1.4.2 Europe Smart Thermostat Market, by End User
1.4.3 Europe Smart Thermostat Market, by Technology
1.4.4 Europe Smart Thermostat Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
Chapter 4. Europe Smart Thermostat Market by Product
4.1 Europe Connected Market by Country
4.2 Europe Standalone Market by Country
4.3 Europe Learning Market by Country
Chapter 5. Europe Smart Thermostat Market by End-user
5.1 Europe Residential Market by Country
5.2 Europe Commercial Market by Country
5.3 Europe Industrial Market by Country
Chapter 6. Europe Smart Thermostat Market by Technology
6.1 Europe Wi-Fi Market by Country
6.2 Europe ZigBee Market by Country
6.3 Europe Others Market by Country
Chapter 7. Europe Smart Thermostat Market by Country
7.1 Germany Smart Thermostat Market
7.1.1 Germany Smart Thermostat Market by Product
7.1.2 Germany Smart Thermostat Market by End-user
7.1.3 Germany Smart Thermostat Market by Technology
7.2 UK Smart Thermostat Market
7.2.1 UK Smart Thermostat Market by Product
7.2.2 UK Smart Thermostat Market by End-user
7.2.3 UK Smart Thermostat Market by Technology
7.3 France Smart Thermostat Market
7.3.1 France Smart Thermostat Market by Product
7.3.2 France Smart Thermostat Market by End-user
7.3.3 France Smart Thermostat Market by Technology
7.4 Russia Smart Thermostat Market
7.4.1 Russia Smart Thermostat Market by Product
7.4.2 Russia Smart Thermostat Market by End-user
7.4.3 Russia Smart Thermostat Market by Technology
7.5 Spain Smart Thermostat Market
7.5.1 Spain Smart Thermostat Market by Product
7.5.2 Spain Smart Thermostat Market by End-user
7.5.3 Spain Smart Thermostat Market by Technology
7.6 Italy Smart Thermostat Market
7.6.1 Italy Smart Thermostat Market by Product
7.6.2 Italy Smart Thermostat Market by End-user
7.6.3 Italy Smart Thermostat Market by Technology
7.7 Rest of Europe Smart Thermostat Market
7.7.1 Rest of Europe Smart Thermostat Market by Product
7.7.2 Rest of Europe Smart Thermostat Market by End-user
7.7.3 Rest of Europe Smart Thermostat Market by Technology
Chapter 8. Company Profiles
8.1 Siemens AG
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 Johnson Controls International PLC
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental & Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.2.5.2 Acquisition and Mergers:
8.3 Emerson Electric Co.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.4 Resideo Technologies, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.4.5.3 Acquisition and Mergers:
8.5 Snap One Holdings Corp. (Control4)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Acquisition and Mergers:
8.6 Centrica Plc
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.7 Ecobee, Inc. (Generac Holdings, Inc.)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Product Class Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Product Launches and Product Expansions:
8.8 Netatmo SAS (LeGrand Group)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Regional Analysis
8.8.4 Research & Development Expense
8.9 Tado GmbH
8.9.1 Company Overview
8.10. Vine Connected Corporation (Xing Connected Corporation)
8.10.1 Company Overview
Companies Mentioned
- Siemens AG
- Johnson Controls International PLC
- Emerson Electric Co.
- Resideo Technologies, Inc.
- Snap One Holdings Corp. (Control4)
- Centrica Plc
- Ecobee, Inc. (Generac Holdings, Inc.)
- Netatmo SAS (LeGrand Group)
- Tado GmbH
- Vine Connected Corporation (Xing Connected Corporation)
Methodology
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