The Latin America, Middle East and Africa Smart Thermostat Market would witness market growth of 20.9% CAGR during the forecast period (2022-2028).
Smart thermostats have several sensors. In an attempt to mitigate the issues with human errors involved with programmable thermostats, the smart thermostat uses sensors that can determine occupancy patterns to change the temperature automatically based on the occupant's behavior and patterns. The Nest learning thermostat, in particular, utilizes passive infrared (PIR) motion sensors inside the unit to sense occupancy in the vicinity of the thermostat.
These sensors are also utilized to determine the occupancy patterns to create the auto schedule. A grille member is placed in front of the sensor to protect and conceal the PIR motion inside the thermostat visually. The grille also aids to make the thermostat visually pleasing. While this sensor, technology is essential for conserving energy, it is not without flaws.
The programmable schedule feature of the smart thermostat is same to that on the standard programmable thermostats. Options are given to users to program a custom schedule to decrease the energy consumption when the users are away from home. It has been witnessed that manually creating a schedule may lead to more energy consumption than just keeping it at a set temperature. To avoid this problem, smart thermostats come with an auto-schedule feature.
Travelers now favor visiting Dubai more than any other place. Several well-known buildings in the area, including Burj Al Arab and Burj Khalifa, draw tourists to the site. In addition, Dubai has a wide presence of luxury when it comes to modern home designs or interiors decorated with marble and gold. The area is home to many lavish hotels, expensive restaurants, and upscale spas. The travel and tourism industry directly contributed AED 68.5 billion (USD 18.7 billion), or 5.2% of the UAE's GDP, to the country's GDP in 2016. From 2017 to 2027, it is anticipated to increase by 5.1% per year, reaching AED 116.1 billion (USD 31.6 billion), or 5.4% of the country's GDP. The LAMEA region's growing tourism and hospitality industry, which is producing more hotels, spas, and resorts, is also providing growth potential for the market for smart appliances such as smart thermostats.
The Brazil market dominated the LAMEA Smart Thermostat Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $146.9 million by 2028.The Argentina market is exhibiting a CAGR of 21.5% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 20.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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 thermostats have several sensors. In an attempt to mitigate the issues with human errors involved with programmable thermostats, the smart thermostat uses sensors that can determine occupancy patterns to change the temperature automatically based on the occupant's behavior and patterns. The Nest learning thermostat, in particular, utilizes passive infrared (PIR) motion sensors inside the unit to sense occupancy in the vicinity of the thermostat.
These sensors are also utilized to determine the occupancy patterns to create the auto schedule. A grille member is placed in front of the sensor to protect and conceal the PIR motion inside the thermostat visually. The grille also aids to make the thermostat visually pleasing. While this sensor, technology is essential for conserving energy, it is not without flaws.
The programmable schedule feature of the smart thermostat is same to that on the standard programmable thermostats. Options are given to users to program a custom schedule to decrease the energy consumption when the users are away from home. It has been witnessed that manually creating a schedule may lead to more energy consumption than just keeping it at a set temperature. To avoid this problem, smart thermostats come with an auto-schedule feature.
Travelers now favor visiting Dubai more than any other place. Several well-known buildings in the area, including Burj Al Arab and Burj Khalifa, draw tourists to the site. In addition, Dubai has a wide presence of luxury when it comes to modern home designs or interiors decorated with marble and gold. The area is home to many lavish hotels, expensive restaurants, and upscale spas. The travel and tourism industry directly contributed AED 68.5 billion (USD 18.7 billion), or 5.2% of the UAE's GDP, to the country's GDP in 2016. From 2017 to 2027, it is anticipated to increase by 5.1% per year, reaching AED 116.1 billion (USD 31.6 billion), or 5.4% of the country's GDP. The LAMEA region's growing tourism and hospitality industry, which is producing more hotels, spas, and resorts, is also providing growth potential for the market for smart appliances such as smart thermostats.
The Brazil market dominated the LAMEA Smart Thermostat Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $146.9 million by 2028.The Argentina market is exhibiting a CAGR of 21.5% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 20.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Smart Thermostat Market, by Product
1.4.2 LAMEA Smart Thermostat Market, by End User
1.4.3 LAMEA Smart Thermostat Market, by Technology
1.4.4 LAMEA 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. LAMEA Smart Thermostat Market by Product
4.1 LAMEA Connected Market by Country
4.2 LAMEA Standalone Market by Country
4.3 LAMEA Learning Market by Country
Chapter 5. LAMEA Smart Thermostat Market by End-user
5.1 LAMEA Residential Market by Country
5.2 LAMEA Commercial Market by Country
5.3 LAMEA Industrial Market by Country
Chapter 6. LAMEA Smart Thermostat Market by Technology
6.1 LAMEA Wi-Fi Market by Country
6.2 LAMEA ZigBee Market by Country
6.3 LAMEA Others Market by Country
Chapter 7. LAMEA Smart Thermostat Market by Country
7.1 Brazil Smart Thermostat Market
7.1.1 Brazil Smart Thermostat Market by Product
7.1.2 Brazil Smart Thermostat Market by End-user
7.1.3 Brazil Smart Thermostat Market by Technology
7.2 Argentina Smart Thermostat Market
7.2.1 Argentina Smart Thermostat Market by Product
7.2.2 Argentina Smart Thermostat Market by End-user
7.2.3 Argentina Smart Thermostat Market by Technology
7.3 UAE Smart Thermostat Market
7.3.1 UAE Smart Thermostat Market by Product
7.3.2 UAE Smart Thermostat Market by End-user
7.3.3 UAE Smart Thermostat Market by Technology
7.4 Saudi Arabia Smart Thermostat Market
7.4.1 Saudi Arabia Smart Thermostat Market by Product
7.4.2 Saudi Arabia Smart Thermostat Market by End-user
7.4.3 Saudi Arabia Smart Thermostat Market by Technology
7.5 South Africa Smart Thermostat Market
7.5.1 South Africa Smart Thermostat Market by Product
7.5.2 South Africa Smart Thermostat Market by End-user
7.5.3 South Africa Smart Thermostat Market by Technology
7.6 Nigeria Smart Thermostat Market
7.6.1 Nigeria Smart Thermostat Market by Product
7.6.2 Nigeria Smart Thermostat Market by End-user
7.6.3 Nigeria Smart Thermostat Market by Technology
7.7 Rest of LAMEA Smart Thermostat Market
7.7.1 Rest of LAMEA Smart Thermostat Market by Product
7.7.2 Rest of LAMEA Smart Thermostat Market by End-user
7.7.3 Rest of LAMEA 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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