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Europe Smart Thermostat Market

Europe Smart Thermostat Market

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Europe Smart Thermostat Market - By Product (Connected Smart Thermostat, Learning Smart Thermostat, Standalone Smart Thermostat); By Connectivity Technology (Wireless Network (Wi-Fi, Zigbee, Z-Wave, Bluetooth), Wired Network); By Installation (New Installation, Retrofit Installation); By Vertical (Residential, Commercial (Retail, Offices, Educational Institutes, Hospitality Centers), Industrial); By Country (Germany, UK, Italy, France, Spain, The Netherlands, Rest of Europe), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

  • Published Date: January 2023
  • Report ID: BWC23022
  • Available Format: PDF
  • Page: 240

Report Overview

Rising adoption of smart homes, emergence of IoT-enabled HVAC systems, governments’ supportive regulations to enhance building energy efficiency, rising demand for self-learning devices, and growing demand for cloud computing in HVAC industry could boost the growth of Europe Smart Thermostat Market during the forecast period between 2023 and 2029.

Europe Smart Thermostat Market - Industry Trends & Forecast Report, 2029

Europe smart thermostat market size is expected to expand at a CAGR of 17.4% during the forecast period between 2023 and 2029. Increasing consumer awareness about the various benefits of smart thermostats, technology advancements, growing urbanization, rising demand for connected homes or smart homes, rising demand for energy-efficient devices, and the availability of configurable and reconfigurable thermostats are factors driving the growth of Europe smart thermostat market.

Europe Smart Thermostat Market - Overview

A smart thermostat is a component of a control system that monitors and regulates an area's temperature. It is an automatic device that can use the internet to remotely turn on and off a room's heating. Remote controls, smartphones, and computers are just a few examples of mobile devices that can be used to program and control smart thermostats. They can monitor or learn the user's daily routine to control their activity and display the amount of heating that is being used.

Growth Drivers

Increasing demand for HVAC systems

Due to rising disposable income, smart urbanization, and a growing preference for automated heating and cooling systems, households are placing a greater demand on HVAC systems, central heating systems, and water heaters. It, in turn, is expected to drive the market expansion. The increasing demand for thermostats is also being boosted by the growing accessibility of the Internet of Things (IoT) via Wi-Fi and Bluetooth.

Growing Demand for Energy-Saving Devices

According to research, if current trends continue, global energy demand will rise by 2.1% per year until 2040. The increase in demand is expected to boost the power share to 24% by 2040. The use of technologies, adjustments in governmental policies, developing economies, and market conditions to maintain environmental levels are driving the growth of low-carbon sources. Electricity consumption has a direct impact on the carbon footprint because producing energy necessitates the use of nonrenewable resources, which increases the carbon footprint.

Restraints

High Smart Thermostat Installation and Maintenance Costs

Significant investments are required to modernize control systems and create cutting-edge smart thermostats. As a result, it is difficult for small and medium-sized businesses (SMEs) to enter the market for smart thermostats. The HVAC industry is expected to expand rapidly during the forecast period. HVAC systems linked with smart thermostats require fine-tuning and specific fabrication of parts during installation for optimal operation and failure elimination. As a result, trained professionals are required for the proper installation of smart thermostats linked to HVAC equipment. If the installation is not performed by a qualified professional, the end user may end up paying more in the long run for repairs or the HVAC systems may not function properly. As a result, the need for professional personnel raises the cost of system installation.

Impact of COVID-19 on Europe Smart Thermostat Market

Many homeowners are expected to increasingly purchase tech products due to the COVID-19 pandemic. Despite the global pandemic's economic consequences, consumer spending on smart homes is expected to increase in 2023. Stay-at-home orders associated with the COVID-19 pandemic have altered people's perceptions of how they interact and live in their homes. People are reconfiguring their physical space to meet new functional needs, such as working and learning at home, setting up at-home gyms, or discovering new ways to relax and enjoy themselves. People who stay at home rely on connected homes, automated systems, and new technologies. Therefore, during this COVID-19 pandemic situation, the smart home revolution is expected to increase demand for smart thermostats.

Europe Smart Thermostat Market

Segmental Coverage

Europe Smart Thermostat Market - By Product

Europe smart thermostat market is divided into Connected Smart Thermostat, Learning Smart Thermostats, and Standalone Smart Thermostat segments. During the forecast period, the learning smart thermostat segment is expected to grow at the highest CAGR. The learning smart thermostat, unlike the connected thermostat, does not need to be programmed regularly. It is a premium device that smart homeowners prefer for residential applications. Because it is simple to use and equipped with advanced technologies, the segment is expected to grow at the fastest rate during the forecast period. The growing number of smart homes in Europe is propelling the learning smart thermostat segment forward.

Europe Smart Thermostat Market

Europe Smart Thermostat Market - By Connectivity Technology

On basis of the connectivity technology, Europe smart thermostat market is divided into Wireless Network (Wi-Fi, Zigbee, Z-Wave, Bluetooth), and Wired Network segments. The wireless network segment comprising ZigBee technology is expected to emerge as a key technology segment. These technologies enable thermostats to communicate wirelessly with other home automation devices. They allow users to manage their devices wirelessly via their smartphones. Smart thermostats based on ZigBee technology are expected to grow rapidly over the forecast period, due to numerous benefits, such as low power consumption, a relatively inexpensive, and simple mode of implementation.

Europe Smart Thermostat Market - By Installation

On basis of the installation, Europe smart thermostat market is divided into New Installation and Retrofit Installation segments. During the forecast period, the new installation segment is expected to grow at a higher CAGR. Rapid infrastructure development, increased emphasis on developing energy-efficient HVAC systems, and an increasing focus on developing energy-efficient HVAC systems are driving the growth of the smart thermostat market for new installation. The widespread adoption of smart thermostats in new buildings has resulted from the implementation of various government regulations requiring the deployment of energy-efficient HVAC systems and controls. These factors have resulted in increased growth in the new installation segment.

Europe Smart Thermostat Market - By Vertical

On basis of the vertical, Europe smart thermostat market is divided into Residential, Commercial (Retail, Offices, Educational Institutes, Hospitality Centers), and Industrial segments. The residential applications segment is expected to grow at a significant rate during the forecast period, due to advancements in home automation technology, rising demand for connected or smart homes, and increased consumer awareness of energy-saving devices.

Europe Winter Wear Market – By Country

Europe smart thermostat market covers major countries in the region: Germany, UK, Italy, France, Spain, Netherlands, Rest of Europe. During the forecast period, the Europe market is expected to grow, driven by supportive regional government initiatives. For instance, to lower Britain's energy consumption and support funding improvements for households toward energy efficiency, the Department of Energy & Climate Change in the UK introduced the Energy Company Obligation (ECO) in January 2013.

Competitive Landscape

Europe smart thermostat market is fiercely competitive. Prominent players in the market include Siemens, Tado, Bosch Thermotechnology, Centrica Hive, Eve Systems, Salus Controls, Emerson, Honeywell, Johnson Controls, Nortex, Inc., Schneider Electric SE, Carrier Corporation, and Hive. The key strategies used by these market leaders are new product launches, mergers & acquisitions, and alliances. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Billion

Market Coverage

Germany, UK, Italy, France, Spain, Netherlands, Rest of Europe

Product/ Service Segmentation

Product, Consumer Group, Fabric, Distribution Channel, Country.

Key Players

Siemens, Tado, Bosch Thermotechnology, Centrica Hive, Eve Systems, Salus Controls, Emerson, Honeywell, Johnson Controls, Nortex, Inc., Schneider Electric SE, Carrier Corporation, Hive

 

By Product

  • Connected Smart Thermostat

  • Learning Smart Thermostat

  • Standalone Smart Thermostat

By Connectivity Technology

  • Wireless Network

  1. Wi-Fi

  2. Zigbee

  3. Z-Wave

  4. Bluetooth

  • Wired Network

By Installation

  • New Installation

  • Retrofit Installation

By Vertical

  • Residential

  • Commercial

  1. Retail

  2. Offices

  3. Educational Institutes

  4. Hospitality Centers

  • Industrial

By Country

  • Germany

  • UK

  • Italy

  • France

  • Spain

  • Netherlands

  • Rest of Europe

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Europe Smart Thermostat Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Rising Adoption of Smart Homes Attributed to Situation
        2. Emergence of IoT-Enabled HVAC Systems
        3. Government Regulations Pertaining to Increase Energy Efficiency of Buildings
      2. Restraints
        1. High Manufacturing & Installation Costs of Smart Thermostats
        2. Concerns Regarding Data Security
      3. Opportunities
        1. Rising Demand for Self-Learning Devices
        2. Growing Demand for Cloud Computing in HVAC Industry
      4. Challenges
        1. High Upgradation Cost of Existing Systems
        2. Inability to Work Offline
        3. Disruption In Supply Chain Due to Situations
    3. Technology Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Europe Smart Thermostat Market Overview
    1. Market Size & Forecast by Value & Volume, 2019−2029
      1. By Value (USD Million)
      2. By Volume (Million Units)
    2. Market Share & Forecast
      1. By Product
        1. Connected Smart Thermostat
        2. Learning Smart Thermostat
        3. Standalone Smart Thermostat
      2. By Connectivity Technology
        1. Wireless Network
          1. Wi-Fi
          2. Zigbee
          3. Z-Wave
          4.  Bluetooth
        2. Wired Network
      3. By Installation
        1. New Installation
        2. Retrofit Installation
      4. By Vertical
        1. Residential
        2. Commercial
          1. Retail
          2. Offices
          3. Educational Institutes
          4. Hospitality Centers
        3. Industrial
      5. By Country
        1. Germany
        2. UK
        3. Italy
        4. France
        5. Spain
        6. The Netherlands
        7. Rest of Europe
  5. Germany Smart Thermostat Market Overview
    1. Market Size & Forecast by Value & Volume, 2019−2029
      1. By Value (USD Million)
      2. By Volume (Million Units)
    2. Market Share & Forecast
      1. By Product
      2. By Connectivity Technology
      3. By Installation
      4. By Vertical
  6. UK Smart Thermostat Market Overview
    1. Market Size & Forecast by Value & Volume, 2019−2029
      1. By Value (USD Million)
      2. By Volume (Million Units)
    2. Market Share & Forecast
      1. By Product
      2. By Connectivity Technology
      3. By Installation
      4. By Vertical
  7. Italy Smart Thermostat Market Overview
    1. Market Size & Forecast by Value & Volume, 2019−2029
      1. By Value (USD Million)
      2. By Volume (Million Units)
    2. Market Share & Forecast
      1. By Product
      2. By Connectivity Technology
      3. By Installation
      4. By Vertical
  8. France Smart Thermostat Market Overview
    1. Market Size & Forecast by Value & Volume, 2019−2029
      1. By Value (USD Million)
      2. By Volume (Million Units)
    2. Market Share & Forecast
      1. By Product
      2. By Connectivity Technology
      3. By Installation
      4. By Vertical
  9. Spain Smart Thermostat Market Overview
    1. Market Size & Forecast by Value & Volume, 2019−2029
      1. By Value (USD Million)
      2. By Volume (Million Units)
    2. Market Share & Forecast
      1. By Product
      2. By Connectivity Technology
      3. By Installation
      4. By Vertical
  10. The Netherland Smart Thermostat Market Overview
    1. Market Size & Forecast by Value & Volume, 2019−2029
      1. By Value (USD Million)
      2. By Volume (Million Units)
    2. Market Share & Forecast
      1. By Product
      2. By Connectivity Technology
      3. By Installation
      4. By Vertical
  11. Rest of Europe Smart Thermostat Market Overview
    1. Market Size & Forecast by Value & Volume, 2019−2029
      1. By Value (USD Million)
      2. By Volume (Million Units)
    2. Market Share & Forecast
      1. By Product
      2. By Connectivity Technology
      3. By Installation
      4. By Vertical
  12. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Europe Smart Thermostat Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
  13. Impact of Covid-19 on Europe Smart Thermostat Market
  14. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook and SWOT Analysis)
    1. Siemens
    2. Tado
    3. Bosch Thermotechnology
    4. Centrica Hive
    5. Eve Systems
    6. Salus Controls
    7. Emerson
    8. Honeywell
    9. Johnson Controls
    10. Nortex, Inc.
    11. Schneider Electric SE
    12. Carrier Corporation
    13. Hive
    14. Other Prominent Players
  15. Key Strategic Recommendations
  16. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation

 

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List of Figures

Figure 1     Europe Smart Thermostat Market Segmentation

Figure 2     Europe Smart Thermostat Market Value Chain Analysis

Figure 3     Company Market Share Analysis, 2021

Figure 4     Europe Smart Thermostat Market Size, By Value (USD Million), 2019−2029

Figure 5     Europe Smart Thermostat Market Size, By Volume (Million Units), 2019−2029

Figure 6     Europe Smart Thermostat Market Share, By Product, By Value, 2019−2029

Figure 7     Europe Smart Thermostat Market Share, By Product, By Volume, 2019−2029

Figure 8     Europe Smart Thermostat Market Share, By Connectivity Technology, By Value, 2019−2029

Figure 9     Europe Smart Thermostat Market Share, By Connectivity Technology, By Volume, 2019−2029

Figure 10   Europe Smart Thermostat Market Share, By Installation, By Value, 2019−2029

Figure 11   Europe Smart Thermostat Market Share, By Installation, By Volume, 2019−2029

Figure 12   Europe Smart Thermostat Market Share, By Vertical, By Value, 2019−2029

Figure 13   Europe Smart Thermostat Market Share, By Vertical, By Volume, 2019−2029

Figure 14   Europe Smart Thermostat Market Share, By Country, By Value, 2019−2029

Figure 15   Europe Smart Thermostat Market Share, By Country, By Volume, 2019−2029

Figure 16   Germany Smart Thermostat Market Size, By Value (USD Million), 2019−2029

Figure 17   Germany Smart Thermostat Market Size, By Volume (Million Units), 2019−2029

Figure 18   Germany Smart Thermostat Market Share, By Product, By Value, 2019−2029

Figure 19   Germany Smart Thermostat Market Share, By Product, By Volume, 2019−2029

Figure 20   Germany Smart Thermostat Market Share, By Connectivity Technology, By Value, 2019−2029

Figure 21   Germany Smart Thermostat Market Share, By Connectivity Technology, By Volume, 2019−2029

Figure 22   Germany Smart Thermostat Market Share, By Installation, By Value, 2019−2029

Figure 23   Germany Smart Thermostat Market Share, By Installation, By Volume, 2019−2029

Figure 24   Germany Smart Thermostat Market Share, By Vertical, By Value, 2019−2029

Figure 25   Germany Smart Thermostat Market Share, By Vertical, By Volume, 2019−2029

Figure 26   UK Smart Thermostat Market Size, By Value (USD Million), 2019−2029

Figure 27   UK Smart Thermostat Market Size, By Volume (Million Units), 2019−2029

Figure 28   UK Smart Thermostat Market Share, By Product, By Value, 2019−2029

Figure 29   UK Smart Thermostat Market Share, By Product, By Volume, 2019−2029

Figure 30   UK Smart Thermostat Market Share, By Connectivity Technology, By Value, 2019−2029

Figure 31   UK Smart Thermostat Market Share, By Connectivity Technology, By Volume, 2019−2029

Figure 32   UK Smart Thermostat Market Share, By Installation, By Value, 2019−2029

Figure 33   UK Smart Thermostat Market Share, By Installation, By Volume, 2019−2029

Figure 34   UK Smart Thermostat Market Share, By Vertical, By Value, 2019−2029

Figure 35   UK Smart Thermostat Market Share, By Vertical, By Volume, 2019−2029

Figure 36   Italy Smart Thermostat Market Size, By Value (USD Million), 2019−2029

Figure 37   Italy Smart Thermostat Market Size, By Volume (Million Units), 2019−2029

Figure 38   Italy Smart Thermostat Market Share, By Product, By Value, 2019−2029

Figure 39   Italy Smart Thermostat Market Share, By Product, By Volume, 2019−2029

Figure 40   Italy Smart Thermostat Market Share, By Connectivity Technology, By Value, 2019−2029

Figure 41   Italy Smart Thermostat Market Share, By Connectivity Technology, By Volume, 2019−2029

Figure 42   Italy Smart Thermostat Market Share, By Installation, By Value, 2019−2029

Figure 43   Italy Smart Thermostat Market Share, By Installation, By Volume, 2019−2029

Figure 44   Italy Smart Thermostat Market Share, By Vertical, By Value, 2019−2029

Figure 45   Italy Smart Thermostat Market Share, By Vertical, By Volume, 2019−2029

Figure 46   France Smart Thermostat Market Size, By Value (USD Million), 2019−2029

Figure 47   France Smart Thermostat Market Size, By Volume (Million Units), 2019−2029

Figure 48   France Smart Thermostat Market Share, By Product, By Value, 2019−2029

Figure 49   France Smart Thermostat Market Share, By Product, By Volume, 2019−2029

Figure 50   France Smart Thermostat Market Share, By Connectivity Technology, By Value, 2019−2029

Figure 51   France Smart Thermostat Market Share, By Connectivity Technology, By Volume, 2019−2029

Figure 52   France Smart Thermostat Market Share, By Installation, By Value, 2019−2029

Figure 53   France Smart Thermostat Market Share, By Installation, By Volume, 2019−2029

Figure 54   France Smart Thermostat Market Share, By Vertical, By Value, 2019−2029

Figure 55   France Smart Thermostat Market Share, By Vertical, By Volume, 2019−2029

Figure 56   Spain Smart Thermostat Market Size, By Value (USD Million), 2019−2029

Figure 57   Spain Smart Thermostat Market Size, By Volume (Million Units), 2019−2029

Figure 58   Spain Smart Thermostat Market Share, By Product, By Value, 2019−2029

Figure 59   Spain Smart Thermostat Market Share, By Product, By Volume, 2019−2029

Figure 60   Spain Smart Thermostat Market Share, By Connectivity Technology, By Value, 2019−2029

Figure 61   Spain Smart Thermostat Market Share, By Connectivity Technology, By Volume, 2019−2029

Figure 62   Spain Smart Thermostat Market Share, By Installation, By Value, 2019−2029

Figure 63   Spain Smart Thermostat Market Share, By Installation, By Volume, 2019−2029

Figure 64   Spain Smart Thermostat Market Share, By Vertical, By Value, 2019−2029

Figure 65   Spain Smart Thermostat Market Share, By Vertical, By Volume, 2019−2029

Figure 66   The Netherland Smart Thermostat Market Size, By Value (USD Million), 2019−2029

Figure 67   The Netherland Smart Thermostat Market Size, By Volume (Million Units), 2019−2029

Figure 68   The Netherland Smart Thermostat Market Share, By Product, By Value, 2019−2029

Figure 69   The Netherland Smart Thermostat Market Share, By Product, By Volume, 2019−2029

Figure 70   The Netherland Smart Thermostat Market Share, By Connectivity Technology, By Value, 2019−2029

Figure 71   The Netherland Smart Thermostat Market Share, By Connectivity Technology, By Volume, 2019−2029

Figure 72   The Netherland Smart Thermostat Market Share, By Installation, By Value, 2019−2029

Figure 73   The Netherland Smart Thermostat Market Share, By Installation, By Volume, 2019−2029

Figure 74   The Netherland Smart Thermostat Market Share, By Vertical, By Value, 2019−2029

Figure 75   The Netherland Smart Thermostat Market Share, By Vertical, By Volume, 2019−2029

Figure 76   Rest of Europe Smart Thermostat Market Size, By Value (USD Million), 2019−2029

Figure 77   Rest of Europe Smart Thermostat Market Size, By Volume (Million Units), 2019−2029

Figure 78   Rest of Europe Smart Thermostat Market Share, By Product, By Value, 2019−2029

Figure 79   Rest of Europe Smart Thermostat Market Share, By Product, By Volume, 2019−2029

Figure 80   Rest of Europe Smart Thermostat Market Share, By Connectivity Technology, By Value, 2019−2029

Figure 81   Rest of Europe Smart Thermostat Market Share, By Connectivity Technology, By Volume, 2019−2029

Figure 82   Rest of Europe Smart Thermostat Market Share, By Installation, By Value, 2019−2029

Figure 83   Rest of Europe Smart Thermostat Market Share, By Installation, By Volume, 2019−2029

Figure 84   Rest of Europe Smart Thermostat Market Share, By Vertical, By Value, 2019−2029

Figure 85   Rest of Europe Smart Thermostat Market Share, By Vertical, By Volume, 2019−2029

List of Tables

Table 1     Europe Smart Thermostat Market Size, By Product, By Value, 2019−2029

Table 2     Europe Smart Thermostat Market Size, By Product, By Volume, 2019−2029

Table 3     Europe Smart Thermostat Market Size, By Connectivity Technology, By Value, 2019−2029

Table 4     Europe Smart Thermostat Market Size, By Connectivity Technology, By Volume, 2019−2029

Table 5     Europe Smart Thermostat Market Size, By Installation, By Value, 2019−2029

Table 6     Europe Smart Thermostat Market Size, By Installation, By Volume, 2019−2029

Table 7     Europe Smart Thermostat Market Size, By Vertical, By Value, 2019−2029

Table 8     Europe Smart Thermostat Market Size, By Vertical, By Volume, 2019−2029

Table 9     Europe Smart Thermostat Market Size, By Country, By Value, 2019−2029

Table 10   Europe Smart Thermostat Market Size, By Country, By Volume, 2019−2029

Table 11   Germany Smart Thermostat Market Size, By Product, By Value, 2019−2029

Table 12   Germany Smart Thermostat Market Size, By Product, By Volume, 2019−2029

Table 13   Germany Smart Thermostat Market Size, By Connectivity Technology, By Value, 2019−2029

Table 14   Germany Smart Thermostat Market Size, By Connectivity Technology, By Volume, 2019−2029

Table 15   Germany Smart Thermostat Market Size, By Installation, By Value, 2019−2029

Table 16   Germany Smart Thermostat Market Size, By Installation, By Volume, 2019−2029

Table 17   Germany Smart Thermostat Market Size, By Vertical, By Value, 2019−2029

Table 18   Germany Smart Thermostat Market Size, By Vertical, By Volume, 2019−2029

Table 19   UK Smart Thermostat Market Size, By Product, By Value, 2019−2029

Table 20   UK Smart Thermostat Market Size, By Product, By Volume, 2019−2029

Table 21   UK Smart Thermostat Market Size, By Connectivity Technology, By Value, 2019−2029

Table 22   UK Smart Thermostat Market Size, By Connectivity Technology, By Volume, 2019−2029

Table 23   UK Smart Thermostat Market Size, By Installation, By Value, 2019−2029

Table 24   UK Smart Thermostat Market Size, By Installation, By Volume, 2019−2029

Table 25   UK Smart Thermostat Market Size, By Vertical, By Value, 2019−2029

Table 26   UK Smart Thermostat Market Size, By Vertical, By Volume, 2019−2029

Table 27   Italy Smart Thermostat Market Size, By Product, By Value, 2019−2029

Table 28   Italy Smart Thermostat Market Size, By Product, By Volume, 2019−2029

Table 29   Italy Smart Thermostat Market Size, By Connectivity Technology, By Value, 2019−2029

Table 30   Italy Smart Thermostat Market Size, By Connectivity Technology, By Volume, 2019−2029

Table 31   Italy Smart Thermostat Market Size, By Installation, By Value, 2019−2029

Table 32   Italy Smart Thermostat Market Size, By Installation, By Volume, 2019−2029

Table 33   Italy Smart Thermostat Market Size, By Vertical, By Value, 2019−2029

Table 34   Italy Smart Thermostat Market Size, By Vertical, By Volume, 2019−2029

Table 35   France Smart Thermostat Market Size, By Product, By Value, 2019−2029

Table 36   France Smart Thermostat Market Size, By Product, By Volume, 2019−2029

Table 37   France Smart Thermostat Market Size, By Connectivity Technology, By Value, 2019−2029

Table 38   France Smart Thermostat Market Size, By Connectivity Technology, By Volume, 2019−2029

Table 39   France Smart Thermostat Market Size, By Installation, By Value, 2019−2029

Table 40   France Smart Thermostat Market Size, By Installation, By Volume, 2019−2029

Table 41   France Smart Thermostat Market Size, By Vertical, By Value, 2019−2029

Table 42   France Smart Thermostat Market Size, By Vertical, By Volume, 2019−2029

Table 43   Spain Smart Thermostat Market Size, By Value (USD Million), 2019−2029

Table 44   Spain Smart Thermostat Market Size, By Volume (Million Units), 2019−2029

Table 45   Spain Smart Thermostat Market Size, By Product, By Value, 2019−2029

Table 46   Spain Smart Thermostat Market Size, By Product, By Volume, 2019−2029

Table 47   Spain Smart Thermostat Market Size, By Connectivity Technology, By Value, 2019−2029

Table 48   Spain Smart Thermostat Market Size, By Connectivity Technology, By Volume, 2019−2029

Table 49   Spain Smart Thermostat Market Size, By Installation, By Value, 2019−2029

Table 50   Spain Smart Thermostat Market Size, By Installation, By Volume, 2019−2029

Table 51   Spain Smart Thermostat Market Size, By Vertical, By Value, 2019−2029

Table 52   Spain Smart Thermostat Market Size, By Vertical, By Volume, 2019−2029

Table 53   The Netherland Smart Thermostat Market Size, By Product, By Value, 2019−2029

Table 54   The Netherland Smart Thermostat Market Size, By Product, By Volume, 2019−2029

Table 55   The Netherland Smart Thermostat Market Size, By Connectivity Technology, By Value, 2019−2029

Table 56   The Netherland Smart Thermostat Market Size, By Connectivity Technology, By Volume, 2019−2029

Table 57   The Netherland Smart Thermostat Market Size, By Installation, By Value, 2019−2029

Table 58   The Netherland Smart Thermostat Market Size, By Installation, By Volume, 2019−2029

Table 59   The Netherland Smart Thermostat Market Size, By Vertical, By Value, 2019−2029

Table 60   The Netherland Smart Thermostat Market Size, By Vertical, By Volume, 2019−2029

Table 61   Rest of Europe Smart Thermostat Market Size, By Product, By Value, 2019−2029

Table 62   Rest of Europe Smart Thermostat Market Size, By Product, By Volume, 2019−2029

Table 63   Rest of Europe Smart Thermostat Market Size, By Connectivity Technology, By Value, 2019−2029

Table 64   Rest of Europe Smart Thermostat Market Size, By Connectivity Technology, By Volume, 2019−2029

Table 65   Rest of Europe Smart Thermostat Market Size, By Installation, By Value, 2019−2029

Table 66   Rest of Europe Smart Thermostat Market Size, By Installation, By Volume, 2019−2029

Table 67   Rest of Europe Smart Thermostat Market Size, By Vertical, By Value, 2019−2029

Table 68   Rest of Europe Smart Thermostat Market Size, By Vertical, By Volume, 2019−2029

Table 69   Siemens Company Overview

Table 70   Siemens Financial Overview

Table 71   Tado Company Overview

Table 72   Tado Financial Overview

Table 73   Bosch Thermotechnology Company Overview

Table 74   Bosch Thermotechnology Financial Overview

Table 75   Centrica Hive Company Overview

Table 76   Centrica Hive Financial Overview

Table 77   Eve Systems Company Overview

Table 78   Eve Systems Financial Overview

Table 79   Salus Controls Company Overview

Table 80   Salus Controls Financial Overview

Table 81   Emerson Company Overview

Table 82   Emerson Financial Overview

Table 83   Honeywell Company Overview

Table 84   Honeywell Financial Overview

Table 85   Johnson Controls Company Overview

Table 86   Johnson Controls Financial Overview

Table 87   Nortex, Inc. Company Overview

Table 88   Nortex, Inc. Financial Overview

Table 89   Schneider Electric SE Company Overview

Table 90   Schneider Electric SE Financial Overview

Table 91   Carrier Corporation Company Overview

Table 92   Carrier Corporation Financial Overview

Table 93   Hive Company Overview

Table 94   Hive Financial Overview

 

Market Segmentation

By Product

  • Connected Smart Thermostat

  • Learning Smart Thermostat

  • Standalone Smart Thermostat

By Connectivity Technology

  • Wireless Network

  1. Wi-Fi

  2. Zigbee

  3. Z-Wave

  4. Bluetooth

  • Wired Network

By Installation

  • New Installation

  • Retrofit Installation

By Vertical

  • Residential

  • Commercial

  1. Retail

  2. Offices

  3. Educational Institutes

  4. Hospitality Centers

  • Industrial

By Country

  • Germany

  • UK

  • Italy

  • France

  • Spain

  • Netherlands

  • Rest of Europe

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Frequently Asked Questions (FAQs):

Ans: The residential segment holds a higher market share in Europe Smart Thermostat Market by vertical.
Ans: Europe Smart Thermostat Market size is expected to grow at a CAGR of 17.4% during the forecast period between 2023 and 2029.
Ans: Major factors driving the growth of Europe Smart Thermostat Market include rising smart home adoption caused by the situation, emergence of IoT-enabled HVAC systems, government regulations to increase building energy efficiency, rising demand for self-learning devices, and growing demand for cloud computing in HVAC industry.
Ans: Key players in Europe Smart Thermostat Market include Siemens, Tado, Bosch Thermotechnology, Centrica Hive, Eve Systems, Salus Controls, Emerson, Honeywell, Johnson Controls, Nortex, Inc., Schneider Electric SE, Carrier Corporation, and Hive.