Market Overview:
The global ZigBee thermostats market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient devices and the growing awareness about energy conservation among consumers. In addition, the increasing penetration of smart homes is also contributing to the growth of this market. The global ZigBee thermostats market can be segmented on the basis of type and application. On the basis of type, it can be divided into ZigBee thermostats with button operation and ZigBee thermostats without buttons. On the basis of application, it can be classified into household and commercial applications. Geographically, it can be segmented into North America, Latin America, Europe, Asia Pacific and Middle East & Africa (MEA).
Product Definition:
ZigBee thermostats are programmable thermostats that can be controlled wirelessly using a ZigBee-enabled device. They are used to manage home energy consumption and reduce energy costs.
With Button Operation:
With the growing demand for energy-efficient products, manufacturers are focusing on developing innovative ways to control devices using a single touch or press of a button. The With the growing demand for energy-efficient products, manufacturers are focusing on developing innovative ways to control devices using a single touch or press of a button. The Wi-Fi Alliance has named this new mode of operation “With” and it is expected that it will be used in most consumer electronic products over the next decade.
Operation without Buttons:
The operation without buttons are used in ZigBee thermostats. These devices can be connected to the home Wi-Fi network and they allow controlling of the device from mobile or laptop using a standard web browser. The user can change temperature settings by entering the desired temperature in Fahrenheit or Celsius on his/her computer.
This technology is based on RFID tags, which are embedded into appliances such as a ZigBee thermostat.
Application Insights:
The commercial segment dominated the global market and accounted for more than 60.0% share of the total revenue in 2017. The growth of smart building & construction is one of the key factors driving product demand in this segment. ZigBee Thermostats are used to control air conditioning systems, which results in maintaining a specific temperature inside buildings, thereby ensuring comfortable working conditions for employees as well as customers.
Household application is projected to grow at a CAGR exceeding 20% from 2018 to 2030 owing to increasing adoption by end-users across various regions including North America and Europe Pacific region. End-users are preferring wireless thermostats due to their ease of use and installation compared with traditional wired thermostats that were widely used before ZigBee Thermostat technology emerged onto the market place over a decade ago.
Regional Analysis:
North America dominated the global zigBee thermostats market in 2017. The region is expected to maintain its dominance over the forecast period as well. North America has a large number of smart homes and consumers are looking for solutions to automate their houses, which is driving demand for smart devices around the house. Moreover, increasing penetration of IoT technology in commercial buildings will drive growth over the next eight years.
Asia Pacific regional market captured significant share in 2017 owing to increased adoption by residential customers due to rising awareness about energy consumption.
Growth Factors:
- Increasing demand for energy-efficient devices: The global ZigBee thermostats market is expected to grow at a CAGR of over 16% during the forecast period. This can be attributed to the increasing demand for energy-efficient devices across the globe.
- Rising awareness about energy conservation: There is a growing awareness among consumers about the importance of conserving energy and its impact on environment and economy. This is expected to drive the growth of ZigBee thermostats market in near future.
- Growing popularity of smart homes: The popularity of smart homes is another major factor that would fuel the growth of ZigBee thermostats market in coming years. Smart home automation systems are equipped with features such as voice control, motion sensors, and temperature controls that help users save power and money on their utility bills.
Scope Of The Report
Report Attributes
Report Details
Report Title
ZigBee Thermostats Market Research Report
By Type
With Button Operation, Operation without Buttons
By Application
Household, Commercial
By Companies
CentraLite, Stelpro, Climax Technology, Sinope Technologies, Zen, PowerWise, Johnson Controls, Carrier Corporation, Energate Inc., Fidure Corp, E-Top Controls
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global ZigBee Thermostats Market Report Segments:
The global ZigBee Thermostats market is segmented on the basis of:
Types
With Button Operation, Operation without Buttons
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CentraLite
- Stelpro
- Climax Technology
- Sinope Technologies
- Zen
- PowerWise
- Johnson Controls
- Carrier Corporation
- Energate Inc.
- Fidure Corp
- E-Top Controls
Highlights of The ZigBee Thermostats Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- With Button Operation
- Operation without Buttons
- By Application:
- Household
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the ZigBee Thermostats Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
ZigBee Thermostats are a type of smart home device that can be controlled using a smartphone or other computer. They allow you to set temperature thresholds and triggers, and receive notifications when the temperature reaches or falls below those thresholds. ZigBee Thermostats can also be used to control other smart home devices, such as lights and fans.
Some of the major companies in the zigbee thermostats market are CentraLite, Stelpro, Climax Technology, Sinope Technologies, Zen, PowerWise, Johnson Controls, Carrier Corporation, Energate Inc., Fidure Corp, E-Top Controls.
The zigbee thermostats market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 ZigBee Thermostats Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 ZigBee Thermostats Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 ZigBee Thermostats Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the ZigBee Thermostats Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global ZigBee Thermostats Market Size & Forecast, 2020-2028
4.5.1 ZigBee Thermostats Market Size and Y-o-Y Growth
4.5.2 ZigBee Thermostats Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 With Button Operation
5.2.2 Operation without Buttons
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Household
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global ZigBee Thermostats Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 ZigBee Thermostats Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 With Button Operation
9.6.2 Operation without Buttons
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Household
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 With Button Operation
10.6.2 Operation without Buttons
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Household
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 With Button Operation
11.6.2 Operation without Buttons
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Household
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 With Button Operation
12.6.2 Operation without Buttons
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Household
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 With Button Operation
13.6.2 Operation without Buttons
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Household
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 ZigBee Thermostats Market: Competitive Dashboard
14.2 Global ZigBee Thermostats Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CentraLite
14.3.2 Stelpro
14.3.3 Climax Technology
14.3.4 Sinope Technologies
14.3.5 Zen
14.3.6 PowerWise
14.3.7 Johnson Controls
14.3.8 Carrier Corporation
14.3.9 Energate Inc.
14.3.10 Fidure Corp
14.3.11 E-Top Controls
