Europe Smart Thermostat Market

Europe Smart Thermostat Market Size, Share & Industry Trends Analysis Report By Product (Connected, Standalone and Learning), By End User (Residential, Commercial and Industrial), By Technology (Wi-Fi, ZigBee), By Country and Growth Forecast, 2022 - 2028

Report Id: KBV-13558 Publication Date: January-2023 Number of Pages: 91
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Market Report Description

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.

Free Valuable Insights: The Global Smart Thermostat Market will Hit $9.5 Billion by 2028, at a CAGR of 16.9%

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)
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