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
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)
Chapter 1. Market Scope & Methodology
1.1 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
TABLE 1 Europe Smart Thermostat Market, 2018 - 2021, USD Million
TABLE 2 Europe Smart Thermostat Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Thermostat Market
TABLE 4 Product Launches And Product Expansions– Smart Thermostat Market
TABLE 5 Acquisition and Mergers– Smart Thermostat Market
TABLE 6 Europe Smart Thermostat Market by Product, 2018 - 2021, USD Million
TABLE 7 Europe Smart Thermostat Market by Product, 2022 - 2028, USD Million
TABLE 8 Europe Connected Market by Country, 2018 - 2021, USD Million
TABLE 9 Europe Connected Market by Country, 2022 - 2028, USD Million
TABLE 10 Europe Standalone Market by Country, 2018 - 2021, USD Million
TABLE 11 Europe Standalone Market by Country, 2022 - 2028, USD Million
TABLE 12 Europe Learning Market by Country, 2018 - 2021, USD Million
TABLE 13 Europe Learning Market by Country, 2022 - 2028, USD Million
TABLE 14 Europe Smart Thermostat Market by End-user, 2018 - 2021, USD Million
TABLE 15 Europe Smart Thermostat Market by End-user, 2022 - 2028, USD Million
TABLE 16 Europe Residential Market by Country, 2018 - 2021, USD Million
TABLE 17 Europe Residential Market by Country, 2022 - 2028, USD Million
TABLE 18 Europe Commercial Market by Country, 2018 - 2021, USD Million
TABLE 19 Europe Commercial Market by Country, 2022 - 2028, USD Million
TABLE 20 Europe Industrial Market by Country, 2018 - 2021, USD Million
TABLE 21 Europe Industrial Market by Country, 2022 - 2028, USD Million
TABLE 22 Europe Smart Thermostat Market by Technology, 2018 - 2021, USD Million
TABLE 23 Europe Smart Thermostat Market by Technology, 2022 - 2028, USD Million
TABLE 24 Europe Wi-Fi Market by Country, 2018 - 2021, USD Million
TABLE 25 Europe Wi-Fi Market by Country, 2022 - 2028, USD Million
TABLE 26 Europe ZigBee Market by Country, 2018 - 2021, USD Million
TABLE 27 Europe ZigBee Market by Country, 2022 - 2028, USD Million
TABLE 28 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 29 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 30 Europe Smart Thermostat Market by Country, 2018 - 2021, USD Million
TABLE 31 Europe Smart Thermostat Market by Country, 2022 - 2028, USD Million
TABLE 32 Germany Smart Thermostat Market, 2018 - 2021, USD Million
TABLE 33 Germany Smart Thermostat Market, 2022 - 2028, USD Million
TABLE 34 Germany Smart Thermostat Market by Product, 2018 - 2021, USD Million
TABLE 35 Germany Smart Thermostat Market by Product, 2022 - 2028, USD Million
TABLE 36 Germany Smart Thermostat Market by End-user, 2018 - 2021, USD Million
TABLE 37 Germany Smart Thermostat Market by End-user, 2022 - 2028, USD Million
TABLE 38 Germany Smart Thermostat Market by Technology, 2018 - 2021, USD Million
TABLE 39 Germany Smart Thermostat Market by Technology, 2022 - 2028, USD Million
TABLE 40 UK Smart Thermostat Market, 2018 - 2021, USD Million
TABLE 41 UK Smart Thermostat Market, 2022 - 2028, USD Million
TABLE 42 UK Smart Thermostat Market by Product, 2018 - 2021, USD Million
TABLE 43 UK Smart Thermostat Market by Product, 2022 - 2028, USD Million
TABLE 44 UK Smart Thermostat Market by End-user, 2018 - 2021, USD Million
TABLE 45 UK Smart Thermostat Market by End-user, 2022 - 2028, USD Million
TABLE 46 UK Smart Thermostat Market by Technology, 2018 - 2021, USD Million
TABLE 47 UK Smart Thermostat Market by Technology, 2022 - 2028, USD Million
TABLE 48 France Smart Thermostat Market, 2018 - 2021, USD Million
TABLE 49 France Smart Thermostat Market, 2022 - 2028, USD Million
TABLE 50 France Smart Thermostat Market by Product, 2018 - 2021, USD Million
TABLE 51 France Smart Thermostat Market by Product, 2022 - 2028, USD Million
TABLE 52 France Smart Thermostat Market by End-user, 2018 - 2021, USD Million
TABLE 53 France Smart Thermostat Market by End-user, 2022 - 2028, USD Million
TABLE 54 France Smart Thermostat Market by Technology, 2018 - 2021, USD Million
TABLE 55 France Smart Thermostat Market by Technology, 2022 - 2028, USD Million
TABLE 56 Russia Smart Thermostat Market, 2018 - 2021, USD Million
TABLE 57 Russia Smart Thermostat Market, 2022 - 2028, USD Million
TABLE 58 Russia Smart Thermostat Market by Product, 2018 - 2021, USD Million
TABLE 59 Russia Smart Thermostat Market by Product, 2022 - 2028, USD Million
TABLE 60 Russia Smart Thermostat Market by End-user, 2018 - 2021, USD Million
TABLE 61 Russia Smart Thermostat Market by End-user, 2022 - 2028, USD Million
TABLE 62 Russia Smart Thermostat Market by Technology, 2018 - 2021, USD Million
TABLE 63 Russia Smart Thermostat Market by Technology, 2022 - 2028, USD Million
TABLE 64 Spain Smart Thermostat Market, 2018 - 2021, USD Million
TABLE 65 Spain Smart Thermostat Market, 2022 - 2028, USD Million
TABLE 66 Spain Smart Thermostat Market by Product, 2018 - 2021, USD Million
TABLE 67 Spain Smart Thermostat Market by Product, 2022 - 2028, USD Million
TABLE 68 Spain Smart Thermostat Market by End-user, 2018 - 2021, USD Million
TABLE 69 Spain Smart Thermostat Market by End-user, 2022 - 2028, USD Million
TABLE 70 Spain Smart Thermostat Market by Technology, 2018 - 2021, USD Million
TABLE 71 Spain Smart Thermostat Market by Technology, 2022 - 2028, USD Million
TABLE 72 Italy Smart Thermostat Market, 2018 - 2021, USD Million
TABLE 73 Italy Smart Thermostat Market, 2022 - 2028, USD Million
TABLE 74 Italy Smart Thermostat Market by Product, 2018 - 2021, USD Million
TABLE 75 Italy Smart Thermostat Market by Product, 2022 - 2028, USD Million
TABLE 76 Italy Smart Thermostat Market by End-user, 2018 - 2021, USD Million
TABLE 77 Italy Smart Thermostat Market by End-user, 2022 - 2028, USD Million
TABLE 78 Italy Smart Thermostat Market by Technology, 2018 - 2021, USD Million
TABLE 79 Italy Smart Thermostat Market by Technology, 2022 - 2028, USD Million
TABLE 80 Rest of Europe Smart Thermostat Market, 2018 - 2021, USD Million
TABLE 81 Rest of Europe Smart Thermostat Market, 2022 - 2028, USD Million
TABLE 82 Rest of Europe Smart Thermostat Market by Product, 2018 - 2021, USD Million
TABLE 83 Rest of Europe Smart Thermostat Market by Product, 2022 - 2028, USD Million
TABLE 84 Rest of Europe Smart Thermostat Market by End-user, 2018 - 2021, USD Million
TABLE 85 Rest of Europe Smart Thermostat Market by End-user, 2022 - 2028, USD Million
TABLE 86 Rest of Europe Smart Thermostat Market by Technology, 2018 - 2021, USD Million
TABLE 87 Rest of Europe Smart Thermostat Market by Technology, 2022 - 2028, USD Million
TABLE 88 Key Information – Siemens AG
TABLE 89 Key Information – Johnson Controls International PLC
TABLE 90 Key Information – Emerson Electric Co.
TABLE 91 Key Information – Resideo Technologies, Inc.
TABLE 92 Key Information – Snap One Holdings Corp.
TABLE 93 Key Information – Centrica Plc
TABLE 94 Key Information – Ecobee, Inc.
TABLE 95 Key Information – Netatmo SAS
TABLE 96 Key Information – Tado GmbH
TABLE 97 Key Information – Vine Connected Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Swot analysis: Siemens AG
FIG 5 Recent strategies and developments: Resideo Technologies, Inc.