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Smart Thermostat Market to Reach $11.36 Billion, Globally , by 2027 at 28.0% CAGR: Allied Market Research

The growth of the global smart thermostat market is driven by increase in use of smart technology in medical monitoring, rise in penetration of IoT and AI-based technologies, and rapid deployment of smart infrastructure in residential & commercial sectors.Wilmington, Delaware, Nov. 06, 2023 (GLOBE NEWSWIRE) Allied Market Research published a report, titled, “Smart Thermostat Market by Technology (Wi-Fi, Bluetooth, Zigbee, and Others), Application (Air Conditioning, Heating, and Ventilation) a ....

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Smart Thermostat Market revenue to cross USD 16 Billion by

Major smart thermostat market players include Google Nest (Google LLC), Ecobee, Inc., Honeywell International Inc., Emerson Electric Co., Tado GmbH,. ....

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Smart Thermostats Market Size, Status and Business Growth 2022 to 2026

Smart Thermostats Market Size, Status and Business Growth 2022 to 2026
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Residential Smart Thermostats Market- increasing demand with Industry Professionals: Nest, Honeywell, EcoBee, Schneider Electric, Emerson, etc – KSU

Residential Smart Thermostats Market- increasing demand with Industry Professionals: Nest, Honeywell, EcoBee, Schneider Electric, Emerson, etc – KSU
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Worldwide Smart Thermostat Industry to 2027 - Advancements in Temperature Regulation Appliances and Adoption of Automated Systems Presents Opportunities

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The global smart thermostat market was valued at $1.86 billion in 2019, and is projected to reach $11.36 billion by 2027, registering a CAGR of 28.00% from 2020 to 2027. Smart thermostat is the latest technology used for home heating. The device provides the user remote access for heat switching via internet. So, the user can use smartphones to turn on or turn off the heating from far distances.
Rapid adoption of smart infrastructure in residential and commercial infrastructure, adoption of IoT and AI based technologies, and increased use of smart technology in medical monitoring influences the market growth. However, high cost of products in developing countries hamper early adoption. Further, increase in advancements and adoption of automated systems in residential, commercial, and industrial sectors are expected to provide lucrative opportunities for the smart thermostat industry during the ....

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