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Smart WiFi Thermostats-Global Market Insights and Sales Trends 2025
Synopsis
A WiFi thermostat is a home automation device that regulates temperature. It’s a Wi-Fi enabled, learning smart thermostat that uses remote sensors which allow the thermostat to improve its motion control around your house. The best WiFi thermostats contain sensors which control the heating and cooling systems within houses, apartments or businesses.
The global Smart WiFi Thermostats market size is expected to reach US$ 11590 million by 2029, growing at a CAGR of 14.2% from 2023 to 2029. The market is mainly driven by the significant applications of Smart WiFi Thermostats in various end use industries. The expanding demands from the Residential and Commercial, are propelling Smart WiFi Thermostats market. Programmable Thermostats, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Non-programmable Thermostats segment is estimated at % CAGR for the next seven-year period.
The major manufacturers in the global WiFi thermostat market are Nest, Ecobee, Honeywell, etc. The top three manufacturers account for about 70% of the market share.
North America is the largest market for WiFi thermostats, with a market share of about 90%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Smart WiFi Thermostats, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Smart WiFi Thermostats market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Smart WiFi Thermostats market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Smart WiFi Thermostats sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Smart WiFi Thermostats covered in this report include Honeywell, LUX/GEO, Nest, Schneider Electric and Emerson, etc.
The global Smart WiFi Thermostats market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Honeywell
LUX/GEO
Nest
Schneider Electric
Emerson
Global Smart WiFi Thermostats market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Smart WiFi Thermostats market, Segment by Type:
Programmable Thermostats
Non-programmable Thermostats
Global Smart WiFi Thermostats market, by Application
Residential
Commercial
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Smart WiFi Thermostats manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Smart WiFi Thermostats in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
A WiFi thermostat is a home automation device that regulates temperature. It’s a Wi-Fi enabled, learning smart thermostat that uses remote sensors which allow the thermostat to improve its motion control around your house. The best WiFi thermostats contain sensors which control the heating and cooling systems within houses, apartments or businesses.
The global Smart WiFi Thermostats market size is expected to reach US$ 11590 million by 2029, growing at a CAGR of 14.2% from 2023 to 2029. The market is mainly driven by the significant applications of Smart WiFi Thermostats in various end use industries. The expanding demands from the Residential and Commercial, are propelling Smart WiFi Thermostats market. Programmable Thermostats, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Non-programmable Thermostats segment is estimated at % CAGR for the next seven-year period.
The major manufacturers in the global WiFi thermostat market are Nest, Ecobee, Honeywell, etc. The top three manufacturers account for about 70% of the market share.
North America is the largest market for WiFi thermostats, with a market share of about 90%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Smart WiFi Thermostats, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Smart WiFi Thermostats market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Smart WiFi Thermostats market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Smart WiFi Thermostats sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Smart WiFi Thermostats covered in this report include Honeywell, LUX/GEO, Nest, Schneider Electric and Emerson, etc.
The global Smart WiFi Thermostats market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Honeywell
LUX/GEO
Nest
Schneider Electric
Emerson
Global Smart WiFi Thermostats market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Smart WiFi Thermostats market, Segment by Type:
Programmable Thermostats
Non-programmable Thermostats
Global Smart WiFi Thermostats market, by Application
Residential
Commercial
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Smart WiFi Thermostats manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Smart WiFi Thermostats in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Smart WiFi Thermostats Market Overview
1.1 Smart WiFi Thermostats Product Overview
1.2 Smart WiFi Thermostats Market Segment by Type
1.2.1 Programmable Thermostats
1.2.2 Non-programmable Thermostats
1.3 Global Smart WiFi Thermostats Market Size by Type
1.3.1 Global Smart WiFi Thermostats Market Size Overview by Type (2018-2029)
1.3.2 Global Smart WiFi Thermostats Historic Market Size Review by Type (2018-2023)
1.3.3 Global Smart WiFi Thermostats Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Smart WiFi Thermostats Sales Breakdown by Type (2018-2023)
1.4.2 Europe Smart WiFi Thermostats Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Smart WiFi Thermostats Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Smart WiFi Thermostats Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Smart WiFi Thermostats Sales Breakdown by Type (2018-2023)
2 Global Smart WiFi Thermostats Market Competition by Company
2.1 Global Top Players by Smart WiFi Thermostats Sales (2018-2023)
2.2 Global Top Players by Smart WiFi Thermostats Revenue (2018-2023)
2.3 Global Top Players by Smart WiFi Thermostats Price (2018-2023)
2.4 Global Top Manufacturers Smart WiFi Thermostats Manufacturing Base Distribution, Sales Area, Product Type
2.5 Smart WiFi Thermostats Market Competitive Situation and Trends
2.5.1 Smart WiFi Thermostats Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Smart WiFi Thermostats Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Smart WiFi Thermostats as of 2022)
2.7 Date of Key Manufacturers Enter into Smart WiFi Thermostats Market
2.8 Key Manufacturers Smart WiFi Thermostats Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Smart WiFi Thermostats Status and Outlook by Region
3.1 Global Smart WiFi Thermostats Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Smart WiFi Thermostats Historic Market Size by Region
3.2.1 Global Smart WiFi Thermostats Sales in Volume by Region (2018-2023)
3.2.2 Global Smart WiFi Thermostats Sales in Value by Region (2018-2023)
3.2.3 Global Smart WiFi Thermostats Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Smart WiFi Thermostats Forecasted Market Size by Region
3.3.1 Global Smart WiFi Thermostats Sales in Volume by Region (2024-2029)
3.3.2 Global Smart WiFi Thermostats Sales in Value by Region (2024-2029)
3.3.3 Global Smart WiFi Thermostats Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Smart WiFi Thermostats by Application
4.1 Smart WiFi Thermostats Market Segment by Application
4.1.1 Residential
4.1.2 Commercial
4.2 Global Smart WiFi Thermostats Market Size by Application
4.2.1 Global Smart WiFi Thermostats Market Size Overview by Application (2018-2029)
4.2.2 Global Smart WiFi Thermostats Historic Market Size Review by Application (2018-2023)
4.2.3 Global Smart WiFi Thermostats Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Smart WiFi Thermostats Sales Breakdown by Application (2018-2023)
4.3.2 Europe Smart WiFi Thermostats Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Smart WiFi Thermostats Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Smart WiFi Thermostats Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Smart WiFi Thermostats Sales Breakdown by Application (2018-2023)
5 North America Smart WiFi Thermostats by Country
5.1 North America Smart WiFi Thermostats Historic Market Size by Country
5.1.1 North America Smart WiFi Thermostats Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Smart WiFi Thermostats Sales in Volume by Country (2018-2023)
5.1.3 North America Smart WiFi Thermostats Sales in Value by Country (2018-2023)
5.2 North America Smart WiFi Thermostats Forecasted Market Size by Country
5.2.1 North America Smart WiFi Thermostats Sales in Volume by Country (2024-2029)
5.2.2 North America Smart WiFi Thermostats Sales in Value by Country (2024-2029)
6 Europe Smart WiFi Thermostats by Country
6.1 Europe Smart WiFi Thermostats Historic Market Size by Country
6.1.1 Europe Smart WiFi Thermostats Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Smart WiFi Thermostats Sales in Volume by Country (2018-2023)
6.1.3 Europe Smart WiFi Thermostats Sales in Value by Country (2018-2023)
6.2 Europe Smart WiFi Thermostats Forecasted Market Size by Country
6.2.1 Europe Smart WiFi Thermostats Sales in Volume by Country (2024-2029)
6.2.2 Europe Smart WiFi Thermostats Sales in Value by Country (2024-2029)
7 Asia-Pacific Smart WiFi Thermostats by Region
7.1 Asia-Pacific Smart WiFi Thermostats Historic Market Size by Region
7.1.1 Asia-Pacific Smart WiFi Thermostats Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Smart WiFi Thermostats Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Smart WiFi Thermostats Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Smart WiFi Thermostats Forecasted Market Size by Region
7.2.1 Asia-Pacific Smart WiFi Thermostats Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Smart WiFi Thermostats Sales in Value by Region (2024-2029)
8 Latin America Smart WiFi Thermostats by Country
8.1 Latin America Smart WiFi Thermostats Historic Market Size by Country
8.1.1 Latin America Smart WiFi Thermostats Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Smart WiFi Thermostats Sales in Volume by Country (2018-2023)
8.1.3 Latin America Smart WiFi Thermostats Sales in Value by Country (2018-2023)
8.2 Latin America Smart WiFi Thermostats Forecasted Market Size by Country
8.2.1 Latin America Smart WiFi Thermostats Sales in Volume by Country (2024-2029)
8.2.2 Latin America Smart WiFi Thermostats Sales in Value by Country (2024-2029)
9 Middle East and Africa Smart WiFi Thermostats by Country
9.1 Middle East and Africa Smart WiFi Thermostats Historic Market Size by Country
9.1.1 Middle East and Africa Smart WiFi Thermostats Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Smart WiFi Thermostats Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Smart WiFi Thermostats Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Smart WiFi Thermostats Forecasted Market Size by Country
9.2.1 Middle East and Africa Smart WiFi Thermostats Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Smart WiFi Thermostats Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Honeywell
10.1.1 Honeywell Company Information
10.1.2 Honeywell Introduction and Business Overview
10.1.3 Honeywell Smart WiFi Thermostats Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Honeywell Smart WiFi Thermostats Products Offered
10.1.5 Honeywell Recent Development
10.2 LUX/GEO
10.2.1 LUX/GEO Company Information
10.2.2 LUX/GEO Introduction and Business Overview
10.2.3 LUX/GEO Smart WiFi Thermostats Sales, Revenue and Gross Margin (2018-2023)
10.2.4 LUX/GEO Smart WiFi Thermostats Products Offered
10.2.5 LUX/GEO Recent Development
10.3 Nest
10.3.1 Nest Company Information
10.3.2 Nest Introduction and Business Overview
10.3.3 Nest Smart WiFi Thermostats Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Nest Smart WiFi Thermostats Products Offered
10.3.5 Nest Recent Development
10.4 Schneider Electric
10.4.1 Schneider Electric Company Information
10.4.2 Schneider Electric Introduction and Business Overview
10.4.3 Schneider Electric Smart WiFi Thermostats Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Schneider Electric Smart WiFi Thermostats Products Offered
10.4.5 Schneider Electric Recent Development
10.5 Emerson
10.5.1 Emerson Company Information
10.5.2 Emerson Introduction and Business Overview
10.5.3 Emerson Smart WiFi Thermostats Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Emerson Smart WiFi Thermostats Products Offered
10.5.5 Emerson Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Smart WiFi Thermostats Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Smart WiFi Thermostats Industrial Chain Analysis
11.4 Smart WiFi Thermostats Market Dynamics
11.4.1 Smart WiFi Thermostats Industry Trends
11.4.2 Smart WiFi Thermostats Market Drivers
11.4.3 Smart WiFi Thermostats Market Challenges
11.4.4 Smart WiFi Thermostats Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Smart WiFi Thermostats Distributors
12.3 Smart WiFi Thermostats Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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