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.
Free Valuable Insights: The Global Smart Thermostat Market is Predict to reach $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
- 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)
Chapter 1. Market Scope & Methodology
1.1 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
TABLE 1 LAMEA Smart Thermostat Market, 2018 - 2021, USD Million
TABLE 2 LAMEA 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 LAMEA Smart Thermostat Market by Product, 2018 - 2021, USD Million
TABLE 7 LAMEA Smart Thermostat Market by Product, 2022 - 2028, USD Million
TABLE 8 LAMEA Connected Market by Country, 2018 - 2021, USD Million
TABLE 9 LAMEA Connected Market by Country, 2022 - 2028, USD Million
TABLE 10 LAMEA Standalone Market by Country, 2018 - 2021, USD Million
TABLE 11 LAMEA Standalone Market by Country, 2022 - 2028, USD Million
TABLE 12 LAMEA Learning Market by Country, 2018 - 2021, USD Million
TABLE 13 LAMEA Learning Market by Country, 2022 - 2028, USD Million
TABLE 14 LAMEA Smart Thermostat Market by End-user, 2018 - 2021, USD Million
TABLE 15 LAMEA Smart Thermostat Market by End-user, 2022 - 2028, USD Million
TABLE 16 LAMEA Residential Market by Country, 2018 - 2021, USD Million
TABLE 17 LAMEA Residential Market by Country, 2022 - 2028, USD Million
TABLE 18 LAMEA Commercial Market by Country, 2018 - 2021, USD Million
TABLE 19 LAMEA Commercial Market by Country, 2022 - 2028, USD Million
TABLE 20 LAMEA Industrial Market by Country, 2018 - 2021, USD Million
TABLE 21 LAMEA Industrial Market by Country, 2022 - 2028, USD Million
TABLE 22 LAMEA Smart Thermostat Market by Technology, 2018 - 2021, USD Million
TABLE 23 LAMEA Smart Thermostat Market by Technology, 2022 - 2028, USD Million
TABLE 24 LAMEA Wi-Fi Market by Country, 2018 - 2021, USD Million
TABLE 25 LAMEA Wi-Fi Market by Country, 2022 - 2028, USD Million
TABLE 26 LAMEA ZigBee Market by Country, 2018 - 2021, USD Million
TABLE 27 LAMEA ZigBee Market by Country, 2022 - 2028, USD Million
TABLE 28 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 29 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 30 LAMEA Smart Thermostat Market by Country, 2018 - 2021, USD Million
TABLE 31 LAMEA Smart Thermostat Market by Country, 2022 - 2028, USD Million
TABLE 32 Brazil Smart Thermostat Market, 2018 - 2021, USD Million
TABLE 33 Brazil Smart Thermostat Market, 2022 - 2028, USD Million
TABLE 34 Brazil Smart Thermostat Market by Product, 2018 - 2021, USD Million
TABLE 35 Brazil Smart Thermostat Market by Product, 2022 - 2028, USD Million
TABLE 36 Brazil Smart Thermostat Market by End-user, 2018 - 2021, USD Million
TABLE 37 Brazil Smart Thermostat Market by End-user, 2022 - 2028, USD Million
TABLE 38 Brazil Smart Thermostat Market by Technology, 2018 - 2021, USD Million
TABLE 39 Brazil Smart Thermostat Market by Technology, 2022 - 2028, USD Million
TABLE 40 Argentina Smart Thermostat Market, 2018 - 2021, USD Million
TABLE 41 Argentina Smart Thermostat Market, 2022 - 2028, USD Million
TABLE 42 Argentina Smart Thermostat Market by Product, 2018 - 2021, USD Million
TABLE 43 Argentina Smart Thermostat Market by Product, 2022 - 2028, USD Million
TABLE 44 Argentina Smart Thermostat Market by End-user, 2018 - 2021, USD Million
TABLE 45 Argentina Smart Thermostat Market by End-user, 2022 - 2028, USD Million
TABLE 46 Argentina Smart Thermostat Market by Technology, 2018 - 2021, USD Million
TABLE 47 Argentina Smart Thermostat Market by Technology, 2022 - 2028, USD Million
TABLE 48 UAE Smart Thermostat Market, 2018 - 2021, USD Million
TABLE 49 UAE Smart Thermostat Market, 2022 - 2028, USD Million
TABLE 50 UAE Smart Thermostat Market by Product, 2018 - 2021, USD Million
TABLE 51 UAE Smart Thermostat Market by Product, 2022 - 2028, USD Million
TABLE 52 UAE Smart Thermostat Market by End-user, 2018 - 2021, USD Million
TABLE 53 UAE Smart Thermostat Market by End-user, 2022 - 2028, USD Million
TABLE 54 UAE Smart Thermostat Market by Technology, 2018 - 2021, USD Million
TABLE 55 UAE Smart Thermostat Market by Technology, 2022 - 2028, USD Million
TABLE 56 Saudi Arabia Smart Thermostat Market, 2018 - 2021, USD Million
TABLE 57 Saudi Arabia Smart Thermostat Market, 2022 - 2028, USD Million
TABLE 58 Saudi Arabia Smart Thermostat Market by Product, 2018 - 2021, USD Million
TABLE 59 Saudi Arabia Smart Thermostat Market by Product, 2022 - 2028, USD Million
TABLE 60 Saudi Arabia Smart Thermostat Market by End-user, 2018 - 2021, USD Million
TABLE 61 Saudi Arabia Smart Thermostat Market by End-user, 2022 - 2028, USD Million
TABLE 62 Saudi Arabia Smart Thermostat Market by Technology, 2018 - 2021, USD Million
TABLE 63 Saudi Arabia Smart Thermostat Market by Technology, 2022 - 2028, USD Million
TABLE 64 South Africa Smart Thermostat Market, 2018 - 2021, USD Million
TABLE 65 South Africa Smart Thermostat Market, 2022 - 2028, USD Million
TABLE 66 South Africa Smart Thermostat Market by Product, 2018 - 2021, USD Million
TABLE 67 South Africa Smart Thermostat Market by Product, 2022 - 2028, USD Million
TABLE 68 South Africa Smart Thermostat Market by End-user, 2018 - 2021, USD Million
TABLE 69 South Africa Smart Thermostat Market by End-user, 2022 - 2028, USD Million
TABLE 70 South Africa Smart Thermostat Market by Technology, 2018 - 2021, USD Million
TABLE 71 South Africa Smart Thermostat Market by Technology, 2022 - 2028, USD Million
TABLE 72 Nigeria Smart Thermostat Market, 2018 - 2021, USD Million
TABLE 73 Nigeria Smart Thermostat Market, 2022 - 2028, USD Million
TABLE 74 Nigeria Smart Thermostat Market by Product, 2018 - 2021, USD Million
TABLE 75 Nigeria Smart Thermostat Market by Product, 2022 - 2028, USD Million
TABLE 76 Nigeria Smart Thermostat Market by End-user, 2018 - 2021, USD Million
TABLE 77 Nigeria Smart Thermostat Market by End-user, 2022 - 2028, USD Million
TABLE 78 Nigeria Smart Thermostat Market by Technology, 2018 - 2021, USD Million
TABLE 79 Nigeria Smart Thermostat Market by Technology, 2022 - 2028, USD Million
TABLE 80 Rest of LAMEA Smart Thermostat Market, 2018 - 2021, USD Million
TABLE 81 Rest of LAMEA Smart Thermostat Market, 2022 - 2028, USD Million
TABLE 82 Rest of LAMEA Smart Thermostat Market by Product, 2018 - 2021, USD Million
TABLE 83 Rest of LAMEA Smart Thermostat Market by Product, 2022 - 2028, USD Million
TABLE 84 Rest of LAMEA Smart Thermostat Market by End-user, 2018 - 2021, USD Million
TABLE 85 Rest of LAMEA Smart Thermostat Market by End-user, 2022 - 2028, USD Million
TABLE 86 Rest of LAMEA Smart Thermostat Market by Technology, 2018 - 2021, USD Million
TABLE 87 Rest of LAMEA 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.