Report forecast the global ZigBee-enabled smart
thermostat market to grow at a CAGR of 67.45% during the period 2016-2020.
Smart thermostats are used to adjust indoor ambient
temperatures and humidity levels. It is an enhanced version of conventional
thermostats: smart thermostats combine software, sensors, online connectivity,
algorithms, and consumer-friendly interfaces to save on energy and promote
electricity conservation. Several wireless technologies such as ZigBee and
Wi-Fi are used to connect smart thermostats with mobile computing devices such
as smartphones and tablets. Wireless technologies enable consumers to control
and manage their smart thermostats from anywhere in the home.
The ZigBee standard is a wireless technology that
enables device-to-device communication in any market. ZigBee operates on
Institute of Electrical and Electronics Engineers (IEEE) 802.15.4 physical
radio specification in unauthorized bands that include 2.4 GHz, 900 MHz, and
868 MHz. ZigBee is an open global standard with added benefits such as low-cost
and low-power wireless machine-to-machine (M2M) networks.
The report covers the present scenario and the
growth prospects of the global ZigBee-enabled smart thermostat market during 2016-2020.
It includes a brief description of various ZigBee standards and an overview of
other wireless industry standards. The report provides a detailed comparison of
various competing wireless technologies.
The market is divided into the following segments
based on geography:
- Americas
- APAC
- EMEA
According to the report, the rapidly emerging IoT
market worldwide is prompting different industries to join ZigBee Alliance. The
alliance offers global wireless standards. It aids member companies in developing
products that are compatible with ZigBee-certified products. Currently, the
alliance has more than 400 members, working collaboratively to develop simple
and easy-to-use ZigBee standards and products that define the IoT for use in
consumer, commercial, and industrial applications.
Further, the report states that the high cost of
smart thermostats is proving to be a major hurdle for market growth.
Global ZigBee-enabled Smart Thermostat Market
2016-2020, has been prepared based on an in-depth market analysis with
inputs from industry experts. The report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion
of the key vendors operating in this market.
key players in the Global ZigBee-enabled Smart
Thermostat Market: Carrier, Centralite Systems, Control4, ecobee, Energate,
Fidure, Honeywell, and Leviton.
Market driver
- Rise in ZigBee Alliance membership
- For a full, detailed list, view our report
Market challenge
- Threat from competing technologies
- For a full, detailed list, view our report
Market trend
- Increased popularity of smart homes
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 56 pages and 18 Exhibit “Global
ZigBee-enabled Smart Thermostat Market 2016 - 2020” report covers Executive
summary, Scope of the report, Market research methodology, Introduction, Market
Overview, Market Landscape, Overview of ZigBee standard, Overview of wireless
industry alliance, Geographical segmentation, Market drivers, Impact of
drivers, Market challenges, Impact of drivers and challenges, Market trends,
Vendor landscape, Appendix.
For
more information Visit at: http://mrr.cm/J3P
Find all Semiconductors report at : http://www.marketresearchreports.com/semiconductors
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