The analysts forecast 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.Covered in this report
This 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:
The report, Global ZigBee-enabled Smart Thermostat Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This 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.
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- Centralite Systems
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- Rise in ZigBee Alliance membership
- Threat from competing technologies
- Increased popularity of smart homes
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?
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