The Global Smart Thermostat Market size is expected to reach $9.5 billion by 2028, rising at a market growth of 16.9% CAGR during the forecast period.
A thermostat is a device used to regulate a physical system's temperature and maintain the system's temperature near the desired setpoint. The thermostat can be used to a setpoint temperature in any method or apparatus. For instance, in building heating, central heating, HVAC (Heating, Ventilation, and Air Conditioning) systems, water heaters, and kitchen appliances which includes refrigerators as well as ovens.
A smart thermostat is the thermostat device that could be controlled with a phone, internet-connected devices, tablet, or smart speakers. Smart thermostat generally allows the user to schedule their desired temperature settings and incorporate the thermostat devices into home automation systems.
Depending on the model, a smart thermostat can offer numerous features. Some devices can learn their user's heating & cooling preferences and automatically adjust their setting to them. Many smart thermostats have diagnostic features which can detect problems in the ducting or HVAC system. A smart thermostat may also remind the owner about the system's maintenance, like when it's time to change the air filter. Also, it can provide details regarding energy consumption.
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).
A thermostat is a device used to regulate a physical system's temperature and maintain the system's temperature near the desired setpoint. The thermostat can be used to a setpoint temperature in any method or apparatus. For instance, in building heating, central heating, HVAC (Heating, Ventilation, and Air Conditioning) systems, water heaters, and kitchen appliances which includes refrigerators as well as ovens.
A smart thermostat is the thermostat device that could be controlled with a phone, internet-connected devices, tablet, or smart speakers. Smart thermostat generally allows the user to schedule their desired temperature settings and incorporate the thermostat devices into home automation systems.
Depending on the model, a smart thermostat can offer numerous features. Some devices can learn their user's heating & cooling preferences and automatically adjust their setting to them. Many smart thermostats have diagnostic features which can detect problems in the ducting or HVAC system. A smart thermostat may also remind the owner about the system's maintenance, like when it's time to change the air filter. Also, it can provide details regarding energy consumption.
COVID-19 Impact Analysis
The pandemic impacted the construction sector, especially smart homes, buildings and city projects. Delays in construction projects negatively affected the economy. The main reason being this all were supply chain issues and a lack of investments in retail and commercial properties. Government-imposed lockdown procedures to curb the spread of the virus, which heavily reduced foot traffic in buildings, and caused the bankruptcy of many key market players. In the initial days, COVID-19 negatively impacted the smart thermostat market, leading to a decline in its revenues and unit shipments. As a result, the market showcased a slowdown. These are expected to propel the market demand for smart thermostat in post pandemic period.Market Growth Factors
Easy controlling & HVAC scheduling
Installing a smart thermostat means that the user can control the thermostat and change their home’s temperature from a distance, whether on the couch, on the train home from work, or even on vacation. For instance, if someone is coming back to home early and wants to set the perfect temperature before they reach home, they need to simply adjust the cooling or heating schedule for that particular day on the app. Likewise, if the user is on vacation, they can change their cooling schedule to keep the house warmer while they are gone. Hence, the utilization of smart thermostats to check and set the temperature of the user's home remotely while also reviewing the conditions of their HVAC is expected to propel the market.Increasing smart cities and usage of IOT
The urbanization of society continues to rise rapidly, focusing on smart cities, where connected technologies and Internet of Things (IoT) solutions are being utilized to enhance critical infrastructure, public safety, energy efficiency, city lighting, traffic flow and traffic congestion. The aim is to decrease cities’ carbon footprint while making cities a better place to live, play and work. The increased urbanization of societies with IoT devices will boost the smart thermostat market.Market Restraining Factors
High installation cost
HVAC systems integrated with smart thermostats need a custom fabrication and a fine-tuning of parts during the installation for their efficient working and failure elimination. Hence, there is a need for skilled professionals for the proper installation of smart thermostats. If there is even a minor issue during the fitting, the end user might need to pay a large amount of money in the long run for repairs, and in some cases, the HVAC system fails to work. The installation's high cost and problems during the installation may hinder the smart thermostat market’s growth.Technology Outlook
Based on the technology, the smart thermostat market is segmented into wi-fi, ZigBee and others. The Wi-Fi segment witnessed the largest revenue share in the smart thermostat market in 2021. This is because of the increased adoption of wireless smart thermostats, which can easily connect with an application on the user’s phone. It aids the user in scheduling cooling or heating, facilitates automation with other devices and adjusts the home temperature. Also, the Wi-Fi communication protocol is globally the most widely used. Wi-Fi-connected devices can be easily controlled with mobile phones or tablets.Product Outlook
On the basis of product, the smart thermostat market is divided into connected, standalone and learning. The connected segment held the highest revenue share in the smart thermostat market in 2021. This is because of the rising product demand for owning remote connectivity, giving homeowners remote access to thermostats. These thermostats are operated through phones, tablets, smart speakers, and other internet-connected devices. The features of the connected thermostats to be controlled by the internet connection are expected to propel the segment’s expansion in the projected period.End-User Outlook
By end-user, the smart thermostat market is classified into residential, commercial and industrial. The commercial segment recorded a substantial revenue share in the smart thermostat market in 2021. This is because of the rising deployment of smart thermostats in commercial spaces, as they provide great information to operation and facility managers. In the commercial HVAC system, a smart thermostat aids in adjusting the cooling or heating across numerous pieces of equipment like rooftop units, fan coils, heat pumps, zone dampers, etc.Regional Outlook
Region-wise, the smart thermostat market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region dominated the smart thermostat market with maximum revenue share in 2021. This is due to the increase in awareness regarding energy consumption and the presence of many primary vendors in the region. The rising average unit rate of power is encouraging industries, household consumers and enterprises to opt for smart energy solutions. Also, due to the increasing technological advancements and internet penetration, the market in the region is expected to grow.Smart Thermostat Market Competition Analysis
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Siemens AG and Emerson Electric Co. are the forerunners in the Smart Thermostat Market. Companies such as Resideo Technologies, Inc., Johnson Controls International PLC, Ecobee, Inc. (Generac Holdings, Inc.) are some of the key innovators in Smart Thermostat Market.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).
Strategies deployed in Smart Thermostat Market
Partnerships, Collaborations and Agreements:
- Mar-2022: Emerson Electric Co., came into collaboration with Itron, Inc, an American technology company that offers products and services on energy and water resource management. Through this collaboration, Emerson Electric Co. would be able to improve demand response programs with the newest smart thermostat technology to help enhance grid sustainability and reliability
- Nov-2021: Resideo Technologies Inc., came into partnership with Amazon Smart Thermostat, an American multinational technology company focusing on e-commerce, cloud computing, digital streaming, and artificial intelligence. Resideo Technologies Inc., feels the pride to partner in programs that help green energy, fight climate change and help energy partners shoot their net-zero objectives
Product Launches and Product Expansions:
- Sep-2022: Tado GmbH launched the new Black Edition Smart Thermostat and Dark Mode for the Tado app. The Smart Thermostat Black Edition presents its users with a unique way to complete their interior designs and highlight personal choices, after teaming with the Tado community
- May-2022: Ecobee unveiled the Smart Thermostat Premium and Smart Thermostat Enhanced. The new smart thermostats, made with radar, the Ecobee’s most advanced sensor technology to date, for enhanced occupancy and motion detection. Additionally, Thermostat Premium is the sole smart thermostat with an indoor air quality monitor and an implanted smart speaker with a choice of Siri1 or Alexa built-in
- Feb-2022: Resideo Technologies Inc., unveiled the Resideo R200C2-A Carbon Dioxide (CO2) monitor and the Honeywell Home R100C-1 Carbon Monoxide (CO) alarm. These two new air quality products are the addition to Resideo's EMEA home security portfolio. The R100C-1 Carbon Monoxide (CO) alarm helps defend against the danger of the invisible CO gas. Additionally, it can be used in commercial or residential applications, such as care homes, offices, and schools
- Sep-2020: Tado GmbH unveiled the new wireless Smart Thermostat Starter Kit. This kit would be able to deliver easier installation, more precise customer choice, and provide compatibility with all heating setups
- Sep-2020: Siemens AG launched the new RDG200 thermostat range to improve room automation. The RDG200 thermostat range presents a broad selection of preloaded applications and adjustable control outputs to cover applications for multiple industries via built-in sensors and a flexible power supply
Acquisitions and Mergers:
- Jul-2022: Resideo Technologies, Inc., completed the acquisition of Electronic Custom Distributors, Inc., an audio, video, automation, security, wire, and telecommunication product distribution company. Moreover, Resideo Technologies, Inc., would be able to further rev diversify growth for ADI across the general AV and Smart Home market
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 Geography
North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
LAMEA
- 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
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- 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 Global Smart Thermostat Market, by Product
1.4.2 Global Smart Thermostat Market, by End User
1.4.3 Global Smart Thermostat Market, by Technology
1.4.4 Global Smart Thermostat Market, by Geography
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. Global Smart Thermostat Market by Product
4.1 Global Connected Market by Region
4.2 Global Standalone Market by Region
4.3 Global Learning Market by Region
Chapter 5. Global Smart Thermostat Market by End-user
5.1 Global Residential Market by Region
5.2 Global Commercial Market by Region
5.3 Global Industrial Market by Region
Chapter 6. Global Smart Thermostat Market by Technology
6.1 Global Wi-Fi Market by Region
6.2 Global ZigBee Market by Region
6.3 Global Others Market by Region
Chapter 7. Global Smart Thermostat Market by Region
7.1 North America Smart Thermostat Market
7.1.1 North America Smart Thermostat Market by Product
7.1.1.1 North America Connected Market by Country
7.1.1.2 North America Standalone Market by Country
7.1.1.3 North America Learning Market by Country
7.1.2 North America Smart Thermostat Market by End-user
7.1.2.1 North America Residential Market by Country
7.1.2.2 North America Commercial Market by Country
7.1.2.3 North America Industrial Market by Country
7.1.3 North America Smart Thermostat Market by Technology
7.1.3.1 North America Wi-Fi Market by Country
7.1.3.2 North America ZigBee Market by Country
7.1.3.3 North America Others Market by Country
7.1.4 North America Smart Thermostat Market by Country
7.1.4.1 US Smart Thermostat Market
7.1.4.1.1 US Smart Thermostat Market by Product
7.1.4.1.2 US Smart Thermostat Market by End-user
7.1.4.1.3 US Smart Thermostat Market by Technology
7.1.4.2 Canada Smart Thermostat Market
7.1.4.2.1 Canada Smart Thermostat Market by Product
7.1.4.2.2 Canada Smart Thermostat Market by End-user
7.1.4.2.3 Canada Smart Thermostat Market by Technology
7.1.4.3 Mexico Smart Thermostat Market
7.1.4.3.1 Mexico Smart Thermostat Market by Product
7.1.4.3.2 Mexico Smart Thermostat Market by End-user
7.1.4.3.3 Mexico Smart Thermostat Market by Technology
7.1.4.4 Rest of North America Smart Thermostat Market
7.1.4.4.1 Rest of North America Smart Thermostat Market by Product
7.1.4.4.2 Rest of North America Smart Thermostat Market by End-user
7.1.4.4.3 Rest of North America Smart Thermostat Market by Technology
7.2 Europe Smart Thermostat Market
7.2.1 Europe Smart Thermostat Market by Product
7.2.1.1 Europe Connected Market by Country
7.2.1.2 Europe Standalone Market by Country
7.2.1.3 Europe Learning Market by Country
7.2.2 Europe Smart Thermostat Market by End-user
7.2.2.1 Europe Residential Market by Country
7.2.2.2 Europe Commercial Market by Country
7.2.2.3 Europe Industrial Market by Country
7.2.3 Europe Smart Thermostat Market by Technology
7.2.3.1 Europe Wi-Fi Market by Country
7.2.3.2 Europe ZigBee Market by Country
7.2.3.3 Europe Others Market by Country
7.2.4 Europe Smart Thermostat Market by Country
7.2.4.1 Germany Smart Thermostat Market
7.2.4.1.1 Germany Smart Thermostat Market by Product
7.2.4.1.2 Germany Smart Thermostat Market by End-user
7.2.4.1.3 Germany Smart Thermostat Market by Technology
7.2.4.2 UK Smart Thermostat Market
7.2.4.2.1 UK Smart Thermostat Market by Product
7.2.4.2.2 UK Smart Thermostat Market by End-user
7.2.4.2.3 UK Smart Thermostat Market by Technology
7.2.4.3 France Smart Thermostat Market
7.2.4.3.1 France Smart Thermostat Market by Product
7.2.4.3.2 France Smart Thermostat Market by End-user
7.2.4.3.3 France Smart Thermostat Market by Technology
7.2.4.4 Russia Smart Thermostat Market
7.2.4.4.1 Russia Smart Thermostat Market by Product
7.2.4.4.2 Russia Smart Thermostat Market by End-user
7.2.4.4.3 Russia Smart Thermostat Market by Technology
7.2.4.5 Spain Smart Thermostat Market
7.2.4.5.1 Spain Smart Thermostat Market by Product
7.2.4.5.2 Spain Smart Thermostat Market by End-user
7.2.4.5.3 Spain Smart Thermostat Market by Technology
7.2.4.6 Italy Smart Thermostat Market
7.2.4.6.1 Italy Smart Thermostat Market by Product
7.2.4.6.2 Italy Smart Thermostat Market by End-user
7.2.4.6.3 Italy Smart Thermostat Market by Technology
7.2.4.7 Rest of Europe Smart Thermostat Market
7.2.4.7.1 Rest of Europe Smart Thermostat Market by Product
7.2.4.7.2 Rest of Europe Smart Thermostat Market by End-user
7.2.4.7.3 Rest of Europe Smart Thermostat Market by Technology
7.3 Asia Pacific Smart Thermostat Market
7.3.1 Asia Pacific Smart Thermostat Market by Product
7.3.1.1 Asia Pacific Connected Market by Country
7.3.1.2 Asia Pacific Standalone Market by Country
7.3.1.3 Asia Pacific Learning Market by Country
7.3.2 Asia Pacific Smart Thermostat Market by End-user
7.3.2.1 Asia Pacific Residential Market by Country
7.3.2.2 Asia Pacific Commercial Market by Country
7.3.2.3 Asia Pacific Industrial Market by Country
7.3.3 Asia Pacific Smart Thermostat Market by Technology
7.3.3.1 Asia Pacific Wi-Fi Market by Country
7.3.3.2 Asia Pacific ZigBee Market by Country
7.3.3.3 Asia Pacific Others Market by Country
7.3.4 Asia Pacific Smart Thermostat Market by Country
7.3.4.1 China Smart Thermostat Market
7.3.4.1.1 China Smart Thermostat Market by Product
7.3.4.1.2 China Smart Thermostat Market by End-user
7.3.4.1.3 China Smart Thermostat Market by Technology
7.3.4.2 Japan Smart Thermostat Market
7.3.4.2.1 Japan Smart Thermostat Market by Product
7.3.4.2.2 Japan Smart Thermostat Market by End-user
7.3.4.2.3 Japan Smart Thermostat Market by Technology
7.3.4.3 India Smart Thermostat Market
7.3.4.3.1 India Smart Thermostat Market by Product
7.3.4.3.2 India Smart Thermostat Market by End-user
7.3.4.3.3 India Smart Thermostat Market by Technology
7.3.4.4 South Korea Smart Thermostat Market
7.3.4.4.1 South Korea Smart Thermostat Market by Product
7.3.4.4.2 South Korea Smart Thermostat Market by End-user
7.3.4.4.3 South Korea Smart Thermostat Market by Technology
7.3.4.5 Singapore Smart Thermostat Market
7.3.4.5.1 Singapore Smart Thermostat Market by Product
7.3.4.5.2 Singapore Smart Thermostat Market by End-user
7.3.4.5.3 Singapore Smart Thermostat Market by Technology
7.3.4.6 Malaysia Smart Thermostat Market
7.3.4.6.1 Malaysia Smart Thermostat Market by Product
7.3.4.6.2 Malaysia Smart Thermostat Market by End-user
7.3.4.6.3 Malaysia Smart Thermostat Market by Technology
7.3.4.7 Rest of Asia Pacific Smart Thermostat Market
7.3.4.7.1 Rest of Asia Pacific Smart Thermostat Market by Product
7.3.4.7.2 Rest of Asia Pacific Smart Thermostat Market by End-user
7.3.4.7.3 Rest of Asia Pacific Smart Thermostat Market by Technology
7.4 LAMEA Smart Thermostat Market
7.4.1 LAMEA Smart Thermostat Market by Product
7.4.1.1 LAMEA Connected Market by Country
7.4.1.2 LAMEA Standalone Market by Country
7.4.1.3 LAMEA Learning Market by Country
7.4.2 LAMEA Smart Thermostat Market by End-user
7.4.2.1 LAMEA Residential Market by Country
7.4.2.2 LAMEA Commercial Market by Country
7.4.2.3 LAMEA Industrial Market by Country
7.4.3 LAMEA Smart Thermostat Market by Technology
7.4.3.1 LAMEA Wi-Fi Market by Country
7.4.3.2 LAMEA ZigBee Market by Country
7.4.3.3 LAMEA Others Market by Country
7.4.4 LAMEA Smart Thermostat Market by Country
7.4.4.1 Brazil Smart Thermostat Market
7.4.4.1.1 Brazil Smart Thermostat Market by Product
7.4.4.1.2 Brazil Smart Thermostat Market by End-user
7.4.4.1.3 Brazil Smart Thermostat Market by Technology
7.4.4.2 Argentina Smart Thermostat Market
7.4.4.2.1 Argentina Smart Thermostat Market by Product
7.4.4.2.2 Argentina Smart Thermostat Market by End-user
7.4.4.2.3 Argentina Smart Thermostat Market by Technology
7.4.4.3 UAE Smart Thermostat Market
7.4.4.3.1 UAE Smart Thermostat Market by Product
7.4.4.3.2 UAE Smart Thermostat Market by End-user
7.4.4.3.3 UAE Smart Thermostat Market by Technology
7.4.4.4 Saudi Arabia Smart Thermostat Market
7.4.4.4.1 Saudi Arabia Smart Thermostat Market by Product
7.4.4.4.2 Saudi Arabia Smart Thermostat Market by End-user
7.4.4.4.3 Saudi Arabia Smart Thermostat Market by Technology
7.4.4.5 South Africa Smart Thermostat Market
7.4.4.5.1 South Africa Smart Thermostat Market by Product
7.4.4.5.2 South Africa Smart Thermostat Market by End-user
7.4.4.5.3 South Africa Smart Thermostat Market by Technology
7.4.4.6 Nigeria Smart Thermostat Market
7.4.4.6.1 Nigeria Smart Thermostat Market by Product
7.4.4.6.2 Nigeria Smart Thermostat Market by End-user
7.4.4.6.3 Nigeria Smart Thermostat Market by Technology
7.4.4.7 Rest of LAMEA Smart Thermostat Market
7.4.4.7.1 Rest of LAMEA Smart Thermostat Market by Product
7.4.4.7.2 Rest of LAMEA Smart Thermostat Market by End-user
7.4.4.7.3 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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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 201 |
Published | January 2023 |
Forecast Period | 2021 - 2028 |
Estimated Market Value ( USD | $ 3246.1 Million |
Forecasted Market Value ( USD | $ 9513.8 Million |
Compound Annual Growth Rate | 16.9% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |