Smart Thermostat Market

Smart Thermostat Market by Product (Connected, Learning, Standalone), Connectivity Technology (Wireless, Wired), Installation Type (New Installation, Retrofit Installation), Vertical (Residential, Commercial, Industrial), and Region (2021-2026)

Report Code: SE 3752 Mar, 2021, by marketsandmarkets.com

[250 Pages Report] The smart thermostat market is expected to grow from USD 2.5 billion in 2021 to USD 6.4 billion by 2026; it is expected to grow at a Compound Annual Growth Rate (CAGR) CAGR of 20.8% from 2021 to 2026.

The market has a promising growth potential due to emergence of IoT-enabled HVAC systemsas the combination of the HVAC industry and IoT provide superior customer-centric services and enabled remote appliance control. Increasing adoption of smart homes; government regulations pertaining to increase energy efficiency of buildings; and surging adoption of smart home voice assistants are among the major factors driving the growth of the smart thermostat market.

Smart Thermostat Market

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Market Dynamics

Driver: Emergence of IoT-enabled HVAC systems

Much like its penetration into other verticals, IoT has also made its way into the heating, ventilation, and air conditioning (HVAC) industry, which has brought about innovative and distinctive changes. IoT integration helps manage HVAC systems, collect data, and store it in the cloud. The combination of the HVAC industry and IoT has helped to provide superior customer-centric services and enabled remote appliance control. The key benefits of the inclusion of IoT in the energy sector are the operational visibility into HVAC appliances and ways to reduce, by a large margin, energy consumption. By integrating the smart thermostat with motion sensors, for example, HVAC, contractors can continuously monitor occupancy within a building. When no movement is detected for a prolonged period of time, the system can suggest, through an app notification, to turn heating (or cooling) down to lower the power usage. The controls can easily be equipped with the latest networking and AI technologies and thus be capable of learning the users’ preferences and adjusting to their needs automatically over time.For instance, ScienceSoft (US), a custom software developer, designed IoT Mobile App for Smart Home Control. Users' actions are saved in the cloud, and each user has access to see what the other users logged into their account are doing.

The mobile app shows a list of the sensors, along with their location, status, and any data they produce. Data regarding the temperature in a room is collected by sensors linked to smart thermostats. These data are uploaded to the cloud where they will be compared to user-set thresholds. Cloud control apps transmit instructions to boost or decrease heating, or turn it on or off, based on the results. Similar type of IoT solutions to control smart thermostats if offered by OMNYS Information Technology (Italy).The IoT-enabled solutions enables the users for monitoring and controlling smart thermostats via smartphones or tablets.  

Restraint: High manufacturing and installation costs of smart thermostat

High investments are required to upgrade control systems and develop innovative smart thermostats. This makes it difficult for small- and mid-sized enterprises (SMEs) to enter the smart thermostat market. The HVAC industry is poised to experience exponential growth. HVAC systems integrated with smart thermostats require fine-tuning and custom fabrication of parts during installation for their efficient working and elimination of failure. Thus, skilled professionals are needed for the proper installation of smart thermostats integrated with HVAC equipment. If the installation is not done by a skilled professional, the end user may need to pay more in the long run for repairs, or the HVAC systems may not work efficiently. Thus, the requirement of a skilled workforce also adds to the cost of system installation

Opportunity: Increasing demand for self-learning devices

Automatic functioning is required by end users as it helps in reducing manual work and is more convenient. Therefore, self-learning energy-saving devices are being increasingly preferred to reduce energy consumption. The self-learning mode of smart thermostats and their ability to be remotely operated through smartphones and tablets make them more suitable for residential and commercial applications. The increasing adoption of these self-learning devices among residential applications is expected to create an opportunity for the market players to increase their share in the residential vertical. The use of self-learning devices will also aid the older people in operating HVAC equipment without the need to handle complex programming themselves

Challenge: High upgradation costs of existing systems

Although governments across the globe are mandating the construction of new buildings to meet energy efficiency standards, there is a high percentage of infrastructure that operates on the old HVAC systems fitted with traditional thermostats. The upgradation of existing thermostat systems with smart thermostats involves not only the upgradation of the thermostats but also the connected equipment that they control, as traditional HVAC equipment are generally wired and are equipped with old hardware, which is not compatible with the advanced smart thermostat. The upgradation of HVAC systems at a building level requires a thorough study of existing systems and planning to include an updated smart thermostat in the current HVAC system. The process includes design and implementation, which are complex and costly.

For instance, if an air distribution system is working with a high amount of airflow instead of the required amount, the reduction in the air flow can cause uneven cooling of the building. This issue needs to be identified and diagnosed; also, a solution is required for the same. Another complex issue in retrofits is the upgrade of partial devices, which creates the inability to understand the existence of an issue in the system.

Learning smart thermostat segment is projected to register the highest CAGR from 2021 to 2026

The smart thermostat market for learning smart thermostat segment is expected to grow at fastest CAGRduring the forecast period. A learning thermostat is the most advanced smart thermostat that learns the user’s schedule and forms a cycle to best fit the comfort of the user and optimize energy savings.It seamlessly connects with the internet and devices such as mobiles, tablets, laptops, and voice assistant devices, allowing the user to efficiently manage the HVAC equipment. A learning thermostat also has the capability to exercise zonal control. The data collected by a learning thermostat also intimates the users for predictive maintenance, thus avoiding major maintenance costs due to any equipment failure.

Wireless network segment to grow at a higher CAGRfrom 2021to2026

The smart thermostat market for wireless network segment is expected to grow at faster CAGR during the forecast period. The interconnection of smart thermostats and heating & cooling devices is facilitated by wireless networks, which improves the performance of the energy-saving devices. Wireless networks help in the coordination of a range of smart thermostats in a specific area, enabling smooth data transmission between them. It also helps in enabling features such as geofencing, in which the smart thermostat senses the arrival of occupants with the help of GPS signals sent from a smartphone.

The residential segment is expected to dominate the smart thermostat market during the forecast period

The residential segment is expected to account for largest share of the smart thermostat market during the forecast period. It is further expected to grow at fastest CAGR throughout the forecast period. The booming residential construction industry has increased the demand for HVAC equipment such as coolers, heaters, and air conditioners. The growth of the industry is witnessed mainly in countries such as Japan and China. The rising average disposable income in these countries, growing awareness about energy conservation, and increasing cost of power are encouraging people to adopt energy-efficient technologies and equipment in their day-to-day lives.

The smart thermostats offer viable solutions to reduce the electricity consumed by HVAC equipment such as heaters and coolers. According to the US Energy Information Administration, air conditioning equipment is used in 87% of homes in the US. Air conditioners consume about 6% of all the electricity produced in the US, with an annual cost of USD 23 billion to homeowners.

Smart Thermostat Market by Region

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Asia Pacific to register highest CAGR for smart thermostat marketduring the forecast period

Asia Pacific (APAC) has been a major contributor to the growth of the smart thermostat market as the construction industry, which is the primary end user of smart thermostats, is expanding at a healthy rate. The growing population in developing countries of this region, along with environmental awareness, is supporting the adoption of HVAC controls, such as smart thermostats. The rise in the adoption of green buildings and government initiatives to regulate energy-efficient practices across the commercial sector is also aiding the adoption of smart thermostats in the region. High domestic demand for products and services and significant business growth opportunities have increased the development of commercial buildings, such as offices and retail, and residential buildings. Japan has a large population base of older people who find it difficult to control the temperature manually. Hence, automation devices such as smart thermostats are witnessing high adoption, given their self-learning feature for temperature control.Also, the aging population demands a safe and secure living environment, especially for monitoring the temperature. In addition, various developments by smart home companies in the region are fueling the demand for smart thermostats. For instance, in December 2020, Tuya Smart, a leading global AI+IoT (AIoT) platform provider, and AnyOnNet, one of South Korea’s leading IoT suppliers, extended their partnership to expand their business in the IoT and smart home landscape. Further, the growing popularity of chilled and frozen foods in Asia Pacific reflects a change in food preferences; in response, the Chinese industrial infrastructure is expanding to accommodate cold chain operations, which would include maintaining cold warehouses. These cold warehouses are expected to implement smart thermostats to ensure energy efficiency. These factors are expected to support the growth of the smart thermostat market in the region.

Key Market Players

Alphabet (Google Nest) (US), Emerson Electric (US), Honeywell International (US), Lennox International (US), ecobee (Canada), Carrier Corporation (US), Johnson Controls (Lux Products) (Ireland), Legrand (Netatmo)  (France), Resideo Technologies (US), Siemens (Germany), Trane Technologies (Ireland), Control4 Corporation (US), Nortek Control (US), tado (Germany)are among a few major players in the smart thermostat market.

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Scope of the Report

Report Metric

Details

 Market size value in 2021  USD 2.5 Billion
 Market size value in 2026  USD 6.4 Billion
 Growth rate  CAGR of 20.8%

Years considered to provide market size

2017–2026

CAGR & Forecast Period

20.8%, 2021–2026

Segments Covered

Products, Connectivity Technology, Installation Type, Vertical, and Geography

Geographies Covered

North America, Europe, APAC, and RoW

 Companies Covered

Alphabet (Google Nest) (US), Emerson Electric (US), Honeywell International (US), Lennox International (US), Ecobee (Canada), Carrier Corporation (US), Johnson Controls (Lux Products) (Ireland), Legrand (Netatmo)  (France), Resideo Technologies (US), Siemens (Germany), Trane Technologies (Ireland), Control4 Corporation (US), Nortek Control (US), Tado (Germany), Alarm.com (US), Bosch Thermotechnology (Germany), Centrica Hive (UK), Cielo Wigle (US), Climote (Ireland), Empowered Homes (MYSA) (Canada), Eve Systems (Germany), MRCOOL (US), Radio Thermostat Company of America (US), Salus Controls (UK), Vine Connected (US), VIvint (US), Zen Ecosystems (US)

This research report segments the smart thermostat market based on products, connectivity technology, installation type, vertical and geography.

Smart Thermostat Market By Products:

  • Connected Smart thermostat
  • Learning Smart Thermostat
  • Standalone Smart Thermostat

Smart Thermostat Market By Connectivity Technology

  • Wireless Network
    • Wi-Fi
    • Zigbee
    • Z-wave
    • Bluetooth
  • Wired Network

Smart Thermostat Market By Installation Type

  • New Installation
  • Retrofit Installation

Smart Thermostat Market By Vertical

  • Residential
  • Commercial
    • Retail
    • Offices
    • Educational Instatitutes
    • Hospitality Centers
    • Hospitals
  • Industrial

Smart Thermostat Market By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • South Korea
    • Rest of APAC
  • Rest of the World (RoW)
    • Middle East and Africa
    • South America

Recent Developments

  • In December 2020, Carrier launched an updated zoning sensor to be used with its flagship Infinity System. The sensor provides homeowners with a wall control featuring a new, contemporary design, with the ability to control an individual zone in an Infinity zoning system..
  • In October 2020, Google Nest launched a new version of Nest Thermostat. By using AI, it keeps homes comfortable while helping people save energy and identify issues with their eligible HVAC systems.
  • In September 2020, Eni gas e luce and tado formed a partnership in which the latter’s smart thermostat solution will be a part of Eni gas e luce’s smart home offerings for the Italian market, strengthening the brand’s energy efficiency offerings.
  • In February 2020, Resideo expanded to a new, state-of-the-art technical center in Lotte. With this step, Resideo underscores its commitment to the region. The new technical center will be the work area of various development departments in Lotte that specialize in measuring and testing safety devices for globally operating boiler manufacturers.
  • In January 2020, Carrier partnered with ecobee to offer co-branded versions of the ecobee3 lite Pro and ecobee SmartThermostat Pro with voice control. These thermostats offer homeowners a new way to experience personalized comfort and enhanced energy savings at home.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 37)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
    1.3 INCLUSIONS AND EXCLUSIONS
    1.4 STUDY SCOPE
           1.4.1 MARKETS COVERED
           1.4.2 YEARS CONSIDERED
    1.5 CURRENCY
    1.6 LIMITATIONS
    1.7 MARKET STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 41)
    2.1 RESEARCH DATA
        FIGURE 1 SMART THERMOSTAT MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of major secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakdown of primaries
                    2.1.2.2 Key data from primary sources
           2.1.3 SECONDARY AND PRIMARY RESEARCH
                    2.1.3.1 Key industry insights
    2.2 MARKET SIZE ESTIMATION
        FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE FROM PRODUCTS/SOLUTIONS/SERVICES OF MARKET
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for arriving at market size using bottom-up approach
                            FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for arriving at market size using top-down approach
                            FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 5 MARKET BREAKDOWN AND DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
        FIGURE 6 ASSUMPTIONS FOR RESEARCH STUDY
    2.5 RISK ASSESSMENT
        TABLE 1 LIMITATIONS & ASSOCIATED RISKS

3 EXECUTIVE SUMMARY (Page No. - 51)
  FIGURE 7 IMPACT ANALYSIS ON SMART THERMOSTAT MARKET
    3.1 REALISTIC SCENARIO
    3.2 PESSIMISTIC SCENARIO
    3.3 OPTIMISTIC SCENARIO
        FIGURE 8 CONNECTED SMART THERMOSTAT SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2020
        FIGURE 9 WIRELESS CONNECTIVITY SEGMENT ACCOUNTED FOR LARGER MARKET SHARE IN 2020
        FIGURE 10 NEW INSTALLATION SEGMENT ACCOUNTED FOR LARGER MARKET SHARE IN 2020
        FIGURE 11 RESIDENTIAL VERTICAL TO REGISTER HIGHEST GROWTH RATE DURING FORECAST PERIOD
        FIGURE 12 APAC MARKET TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 56)
    4.1 ATTRACTIVE OPPORTUNITIES IN MARKET
        FIGURE 13 EXPANDING SMART HOME MARKET IS FUELING DEMAND FOR SMART THERMOSTATS
    4.2 MARKET, BY PRODUCT
        FIGURE 14 CONNECTED SMART THERMOSTAT SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARKET FROM 2021 TO 2026
    4.3 MARKET, BY CONNECTIVITY TECHNOLOGY
        FIGURE 15 WIRELESS SMART THERMOSTAT SEGMENT TO ACCOUNT FOR LARGER SIZE OF MARKET FROM 2021 TO 2026
    4.4 MARKET, BY INSTALLATION TYPE
        FIGURE 16 NEW INSTALLATION SEGMENT TO HOLD LARGER SIZE OF MARKET FROM 2021 TO 2026
    4.5 MARKET, BY VERTICAL AND REGION
        FIGURE 17 RESIDENTIAL SEGMENT AND NORTH AMERICA ACCOUNTED FOR LARGEST SHARES OF MARKET IN 2020
    4.6 MARKET, BY GEOGRAPHY
        FIGURE 18 US ACCOUNTED FOR LARGEST SHARE OF MARKET IN 2020

5 MARKET OVERVIEW (Page No. - 60)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 19 MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing adoption of smart homes attributed to situation
                    5.2.1.2 Emergence of IoT-enabled HVAC systems
                    5.2.1.3 Government regulations pertaining to increase energy efficiency of buildings
                            FIGURE 20 PROJECTED ENERGY DEMAND IN INDIA BY 2047
                    5.2.1.4 Surging adoption of smart home voice assistants
                            FIGURE 21 DRIVERS OF MARKET AND THEIR IMPACT
           5.2.2 RESTRAINTS
                    5.2.2.1 High manufacturing and installation costs of smart thermostats
                    5.2.2.2 Concerns regarding data security
                            FIGURE 22 RESTRAINTS OF SMART THERMOSTAT MARKET AND THEIR IMPACT
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing demand for self-learning devices
                    5.2.3.2 Growing demand for cloud computing in HVAC industry
                            FIGURE 23 OPPORTUNITIES FOR MARKET AND THEIR IMPACT
           5.2.4 CHALLENGES
                    5.2.4.1 High upgradation cost of existing systems
                    5.2.4.2 Inability to work offline
                    5.2.4.3 Disruption in supply chain due to situation
                            FIGURE 24 CHALLENGES FOR MARKET AND THEIR IMPACT
    5.3 VALUE CHAIN ANALYSIS
        FIGURE 25 VALUE CHAIN ANALYSIS
    5.4 ECOSYSTEM
        FIGURE 26 SMART THERMOSTAT MARKET: ECOSYSTEM
        TABLE 2 MARKET: ECOSYSTEM
    5.5 YC-YCC SHIFT: MARKET
    5.6 PORTER’S FIVE FORCES ANALYSIS
        TABLE 3 IMPACT OF EACH FORCE ON MARKET
    5.7 CASE STUDY
           5.7.1 USE CASE 1: HEATMISER
           5.7.2 USE CASE 2: FEDERATION OF CANADIAN MUNICIPALITIES
    5.8 TECHNOLOGY ANALYSIS
           5.8.1 MACHINE LEARNING AND ENERGY INFRASTRUCTURE
           5.8.2 VOICE RECOGNITION TECHNOLOGY
           5.8.3 5G
           5.8.4 PREDICTIVE MAINTENANCE
           5.8.5 VIRTUAL REALITY
    5.9 PRICING ANALYSIS
        TABLE 4 AVERAGE SELLING PRICE OF SMART THERMOSTAT
        TABLE 5 AVERAGE SELLING PRICE OF SMART THERMOSTAT BY APPLICATION
    5.10 TRADE ANALYSIS
         FIGURE 27 IMPORT DATA FOR THERMOSTATS, 2015–2019 (USD MILLION)
         FIGURE 28 EXPORT DATA FOR THERMOSTATS, 2015–2019 (USD MILLION)
         TABLE 6 IMPORT OF THERMOSTATS, BY REGION, 2016–2019 (USD MILLION)
    5.11 PATENT ANALYSIS
         FIGURE 29 PATENT ANALYSIS RELATED TO SMART THERMOSTAT MARKET
         FIGURE 30 TOP COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS
         TABLE 7 TOP PATENT OWNERS (US) IN LAST 10 YEARS
    5.12 REGULATORY LANDSCAPE
           5.12.1 REGULATIONS
           5.12.2 CODES AND STANDARDS FOR HVAC SYSTEMS
                  TABLE 8 MANDATORY CODES AND STANDARDS IN HVAC INDUSTRY

6 MARKET, BY CONNECTIVITY TECHNOLOGY (Page No. - 80)
    6.1 INTRODUCTION
        FIGURE 31 WIRELESS NETWORK SEGMENT TO ACCOUNT FOR LARGER SHARE OF MARKET DURING FORECAST PERIOD
        TABLE 9 MARKET, BY CONNECTIVITY TECHNOLOGY, 2017–2020 (USD MILLION)
        TABLE 10 MARKET, BY CONNECTIVITY TECHNOLOGY, 2021–2026 (USD MILLION)
    6.2 WIRELESS NETWORK
           6.2.1 WIRELESS NETWORK SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
           6.2.2 WI-FI
           6.2.3 ZIGBEE
           6.2.4 Z-WAVE
           6.2.5 BLUETOOTH
                 FIGURE 32 WI-FI SUB-SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARKET FOR WIRELESS CONNECTIVITY NETWORK DURING FORECAST PERIOD
                 TABLE 11 WIRELESS CONNECTIVITY NETWORK: SMART THERMOSTAT MARKET, BY TYPE, 2017–2020 (USD MILLION)
                 TABLE 12 WIRELESS CONNECTIVITY NETWORK: MARKET, BY TYPE, 2021–2026 (USD MILLION)
                 TABLE 13 WIRELESS CONNECTIVITY NETWORK: MARKET, BY VERTICAL, 2017–2020 (USD MILLION)
                 TABLE 14 WIRELESS CONNECTIVITY NETWORK: MARKET, BY VERTICAL, 2021–2026 (USD MILLION)
                 TABLE 15 WIRELESS CONNECTIVITY NETWORK: MARKET FOR COMMERCIAL VERTICAL, BY APPLICATION, 2017–2020 (USD MILLION)
                 TABLE 16 WIRELESS CONNECTIVITY NETWORK: MARKET FOR COMMERCIAL VERTICAL, BY APPLICATION, 2021–2026 (USD MILLION)
    6.3 WIRED NETWORK
           6.3.1 WIRED NETWORK OFFERS MORE RELIABLE CONNECTION AS COMPARED TO WIRELESS NETWORK
                 TABLE 17 WIRED CONNECTIVITY NETWORK: MARKET, BY VERTICAL, 2017–2020 (USD MILLION)
                 TABLE 18 WIRED CONNECTIVITY NETWORK: MARKET, BY VERTICAL, 2021–2026 (USD MILLION)
                 FIGURE 33 OFFICES APPLICATION SEGMENT OF WIRED CONNECTIVITY MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
                 TABLE 19 WIRED CONNECTIVITY NETWORK: MARKET FOR COMMERCIAL VERTICAL, BY APPLICATION, 2017–2020 (USD MILLION)
                 TABLE 20 WIRED CONNECTIVITY NETWORK: MARKET FOR COMMERCIAL VERTICAL, BY APPLICATION, 2021–2026 (USD MILLION)

7 MARKET, BY SPECIFICATION (Page No. - 89)
    7.1 INTRODUCTION
    7.2 POWER
           7.2.1 BATTERY POWERED
           7.2.2 HARD-WIRED
                 FIGURE 34 HARD-WIRED SMART THERMOSTAT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD
    7.3 GEO-FENCING
        FIGURE 35 GEO-FENCING TO PROVE AS AN EFFICIENT FEATURE FOR SMART THERMOSTATS
    7.4 MULTIPLE ZONES
        FIGURE 36 MULTIPLE ZONE IS GAINING IMPORTANCE IN SMART THERMOSTAT MARKET
    7.5 MOTION DETECTION
        FIGURE 37 ADOPTION OF MOTION DETECTION IN SMART THERMOSTAT IS CURRENTLY A PREMIUM FEATURE
    7.6 COMPATIBILITY
           7.6.1 TWO-STAGE
           7.6.2 MULTI-STAGE
                 FIGURE 38 MULTI-STAGE SMART THERMOSTAT TO HOLD LARGER SHARE OF MARKET

8 SMART THERMOSTAT MARKET, BY PRODUCT (Page No. - 93)
    8.1 INTRODUCTION
        FIGURE 39 CONNECTED PRODUCT SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
        TABLE 21 MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
        TABLE 22 MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
        TABLE 23 MARKET, 2017–2020 (THOUSAND UNITS)
        TABLE 24 MARKET, 2021–2026 (THOUSAND UNITS)
    8.2 STANDALONE SMART THERMOSTAT
           8.2.1 EASY INSTALLATION PROCESS TO INCREASE DEMAND FOR STANDALONE SMART THERMOSTAT
    8.3 CONNECTED SMART THERMOSTAT
           8.3.1 CONNECTED SMART THERMOSTAT SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARKET
    8.4 LEARNING SMART THERMOSTAT
           8.4.1 LEARNING THERMOSTAT SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD

9 MARKET, BY INSTALLATION TYPE (Page No. - 97)
    9.1 INTRODUCTION
        FIGURE 40 NEW INSTALLATION SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
        TABLE 25 MARKET, BY INSTALLATION TYPE, 2017–2020 (USD BILLION)
        TABLE 26 MARKET, BY INSTALLATION TYPE, 2021–2026 (USD BILLION)
    9.2 NEW INSTALLATION
           9.2.1 NEW INSTALLATION SEGMENT TO HOLD LARGER SHARE OF SMART THERMOSTAT MARKET
                 TABLE 27 MARKET FOR NEW INSTALLATION, BY VERTICAL, 2017–2020 (USD MILLION)
                 TABLE 28 MARKET FOR NEW INSTALLATION, BY VERTICAL, 2021–2026 (USD MILLION)
                 TABLE 29 NEW INSTALLATION MARKET FOR COMMERCIAL VERTICAL, BY APPLICATION, 2017–2020 (USD MILLION)
                 TABLE 30 NEW INSTALLATION MARKET FOR COMMERCIAL VERTICAL, BY APPLICATION, 2021–2026 (USD MILLION)
    9.3 RETROFIT INSTALLATION
           9.3.1 HVAC RETROFITS ARE INSTALLED TO ENSURE IMPROVED SYSTEM PERFORMANCE AND ENERGY SAVING
                 FIGURE 41 RESIDENTIAL VERTICAL TO DOMINATE RETROFIT INSTALLATION SEGMENT OF MARKET DURING FORECAST PERIOD
                 TABLE 31 MARKET FOR RETROFIT INSTALLATION, BY VERTICAL, 2017–2020 (USD MILLION)
                 TABLE 32 MARKET FOR RETROFIT INSTALLATION, BY VERTICAL, 2021–2026 (USD MILLION)
                 TABLE 33 RETROFIT INSTALLATION MARKET FOR COMMERCIAL VERTICAL, BY APPLICATION, 2017–2020 (USD MILLION)
                 TABLE 34 RETROFIT INSTALLATION MARKET FOR COMMERCIAL VERTICAL, BY APPLICATION, 2021–2026 (USD MILLION)

10 MARKET, BY COMPONENT (Page No. - 104)
     10.1 INTRODUCTION
     10.2 DISPLAY
     10.3 CONTROL UNIT
     10.4 TEMPERATURE SENSOR
     10.5 HUMIDITY SENSOR
     10.6 MOTION SENSOR
     10.7 OTHERS

11 MARKET, BY VERTICAL (Page No. - 106)
     11.1 INTRODUCTION
          FIGURE 42 RESIDENTIAL VERTICAL TO DOMINATE MARKET DURING FORECAST PERIOD
          TABLE 35 MARKET, BY VERTICAL, 2017–2020 (USD MILLION)
          TABLE 36 MARKET, BY VERTICAL, 2021–2026 (USD MILLION)
     11.2 RESIDENTIAL
             11.2.1 RESIDENTIAL VERTICAL TO HOLD LARGEST SHARE OF SMART THERMOSTAT MARKET
                    TABLE 37 MARKET FOR RESIDENTIAL VERTICAL, BY CONNECTIVITY TECHNOLOGY, 2017–2020 (USD MILLION)
                    TABLE 38 MARKET FOR RESIDENTIAL VERTICAL, BY CONNECTIVITY TECHNOLOGY, 2021–2026 (USD MILLION)
                    TABLE 39 MARKET FOR RESIDENTIAL VERTICAL, BY INSTALLATION TYPE, 2017–2020 (USD MILLION)
                    TABLE 40 MARKET FOR RESIDENTIAL VERTICAL, BY INSTALLATION TYPE, 2021–2026 (USD MILLION)
                    TABLE 41 MARKET FOR RESIDENTIAL VERTICAL, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 42 MARKET FOR RESIDENTIAL VERTICAL, BY REGION, 2021–2026 (USD MILLION)
                    FIGURE 43 US MARKET FOR RESIDENTIAL VERTICAL IN NORTH AMERICA TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
                    TABLE 43 MARKET FOR RESIDENTIAL VERTICAL IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 44 MARKET FOR RESIDENTIAL VERTICAL IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 45 MARKET FOR RESIDENTIAL VERTICAL IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 46 MARKET FOR RESIDENTIAL VERTICAL IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 47 MARKET FOR RESIDENTIAL VERTICAL IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 48 MARKET FOR RESIDENTIAL VERTICAL IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 49 MARKET FOR RESIDENTIAL VERTICAL IN ROW, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 50 SMART THERMOSTAT MARKET FOR RESIDENTIAL VERTICAL IN ROW, BY REGION, 2021–2026 (USD MILLION)
     11.3 COMMERCIAL
          FIGURE 44 RETAIL APPLICATION TO DOMINATE MARKET FOR COMMERCIAL VERTICAL DURING FORECAST PERIOD
          TABLE 51 MARKET FOR COMMERCIAL VERTICAL, BY APPLICATION, 2017–2020 (USD MILLION)
          TABLE 52 MARKET FOR COMMERCIAL VERTICAL, BY APPLICATION, 2021–2026 (USD MILLION)
          TABLE 53 MARKET FOR COMMERCIAL VERTICAL, BY CONNECTIVITY TECHNOLOGY, 2017–2020 (USD MILLION)
          TABLE 54 MARKET FOR COMMERCIAL VERTICAL, BY CONNECTIVITY TECHNOLOGY, 2021–2026 (USD MILLION)
          TABLE 55 MARKET FOR COMMERCIAL VERTICAL, BY INSTALLATION TYPE, 2017–2020 (USD MILLION)
          TABLE 56 MARKET FOR COMMERCIAL VERTICAL, BY INSTALLATION TYPE, 2021–2026 (USD MILLION)
          TABLE 57 MARKET FOR COMMERCIAL VERTICAL, BY REGION, 2017–2020 (USD MILLION)
          TABLE 58 MARKET FOR COMMERCIAL VERTICAL, BY REGION, 2021–2026 (USD MILLION)
          TABLE 59 MARKET FOR COMMERCIAL VERTICAL IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 60 MARKET FOR COMMERCIAL VERTICAL IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
          FIGURE 45 UK TO DOMINATE MARKET FOR COMMERCIAL VERTICAL IN EUROPE DURING FORECAST PERIOD
          TABLE 61 MARKET FOR COMMERCIAL VERTICAL IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 62 MARKET FOR COMMERCIAL VERTICAL IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 63 MARKET FOR COMMERCIAL VERTICAL IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 64 MARKET FOR COMMERCIAL VERTICAL IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 65 MARKET FOR COMMERCIAL VERTICAL IN ROW, BY REGION, 2017–2020 (USD MILLION)
          TABLE 66 MARKET FOR COMMERCIAL VERTICAL IN ROW, BY REGION, 2021–2026 (USD MILLION)
             11.3.1 RETAIL
                        11.3.1.1 Retail application to hold largest share of smart thermostat market for commercial vertical
                                 TABLE 67 MARKET FOR RETAIL APPLICATION, BY CONNECTIVITY TECHNOLOGY, 2017–2020 (USD MILLION)
                                 FIGURE 46 WIRELESS MARKET TO DOMINATE RETAIL APPLICATION SEGMENT OF COMMERCIAL VERTICAL DURING FORECAST PERIOD
                                 TABLE 68 MARKET FOR RETAIL APPLICATION, BY CONNECTIVITY TECHNOLOGY, 2021–2026 (USD MILLION)
                                 TABLE 69 MARKET FOR RETAIL APPLICATION, BY INSTALLATION TYPE, 2017–2020 (USD MILLION)
                                 TABLE 70 MARKET FOR RETAIL APPLICATION, BY INSTALLATION TYPE, 2021–2026 (USD MILLION)
                                 TABLE 71 MARKET FOR RETAIL APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                                 TABLE 72 MARKET FOR RETAIL APPLICATION, BY REGION, 2021–2026 (USD MILLION)
             11.3.2 OFFICES
                        11.3.2.1 Application of smart thermostats in offices to increase at highest rate during forecast period
                                 TABLE 73 MARKET FOR OFFICES APPLICATION, BY CONNECTIVITY TECHNOLOGY, 2017–2020 (USD MILLION)
                                 TABLE 74 MARKET FOR OFFICES APPLICATION, BY CONNECTIVITY TECHNOLOGY, 2021–2026 (USD MILLION)
                                 TABLE 75 MARKET FOR OFFICES APPLICATION, BY INSTALLATION TYPE, 2017–2020 (USD MILLION)
                                 TABLE 76 MARKET FOR OFFICES APPLICATION, BY INSTALLATION TYPE, 2021–2026 (USD MILLION)
                                 FIGURE 47 NORTH AMERICA TO DOMINATE OFFICES APPLICATION OF MARKET DURING FORECAST PERIOD
                                 TABLE 77 MARKET FOR OFFICES APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                                 TABLE 78 MARKET FOR OFFICES APPLICATION, BY REGION, 2021–2026 (USD MILLION)
             11.3.3 EDUCATIONAL INSTITUTES
                        11.3.3.1 Growing need for achieving energy efficiency in educational institutes to fuel growth of application segment
                                 TABLE 79 MARKET FOR EDUCATIONAL INSTITUTES APPLICATION, BY CONNECTIVITY TECHNOLOGY, 2017–2020 (USD MILLION)
                                 TABLE 80 MARKET FOR EDUCATIONAL INSTITUTES APPLICATION, BY CONNECTIVITY TECHNOLOGY, 2021–2026 (USD MILLION)
                                 TABLE 81 MARKET FOR EDUCATIONAL INSTITUTES APPLICATION, BY INSTALLATION TYPE, 2017–2020 (USD MILLION)
                                 TABLE 82 MARKET FOR EDUCATIONAL INSTITUTES APPLICATION, BY INSTALLATION TYPE, 2021–2026 (USD MILLION)
                                 TABLE 83 MARKET FOR EDUCATIONAL INSTITUTES APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                                 TABLE 84 MARKET FOR EDUCATIONAL INSTITUTES APPLICATION, BY REGION, 2021–2026 (USD MILLION)
             11.3.4 HOSPITALITY CENTERS
                        11.3.4.1 Government regulations for increasing energy efficiency of hospitality centers to drive demand for smart thermostats
                                 FIGURE 48 WIRELESS NETWORK SEGMENT TO DOMINATE SMART THERMOSTAT MARKET FOR HOSPITALITY CENTERS DURING FORECAST PERIOD
                                 TABLE 85 MARKET FOR HOSPITALITY CENTERS APPLICATION, BY CONNECTIVITY TECHNOLOGY, 2017–2020 (USD MILLION)
                                 TABLE 86 MARKET FOR HOSPITALITY CENTERS APPLICATION, BY CONNECTIVITY TECHNOLOGY, 2021–2026 (USD MILLION)
                                 TABLE 87 MARKET FOR HOSPITALITY CENTERS APPLICATION, BY INSTALLATION TYPE, 2017–2020 (USD MILLION)
                                 TABLE 88 MARKET FOR HOSPITALITY CENTERS APPLICATION, BY INSTALLATION TYPE, 2021–2026 (USD MILLION)
                                 TABLE 89 MARKET FOR HOSPITALITY CENTERS APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                                 TABLE 90 MARKET FOR HOSPITALITY CENTERS APPLICATION, BY REGION, 2021–2026 (USD MILLION)
             11.3.5 HOSPITALS
                        11.3.5.1 Growing need to achieve optimum efficiency in hospitals owing to global fuel demand for smart thermostats
                                 TABLE 91 MARKET FOR HOSPITALS APPLICATION, BY CONNECTIVITY TECHNOLOGY, 2017–2020 (USD MILLION)
                                 TABLE 92 MARKET FOR HOSPITALS APPLICATION, BY CONNECTIVITY TECHNOLOGY, 2021–2026 (USD MILLION)
                                 TABLE 93 MARKET FOR HOSPITALS APPLICATION, BY INSTALLATION TYPE, 2017–2020 (USD MILLION)
                                 TABLE 94 MARKET FOR HOSPITALS APPLICATION, BY INSTALLATION TYPE, 2021–2026 (USD MILLION)
                                 FIGURE 49 APAC MARKET FOR HOSPITALS APPLICATIONS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
                                 TABLE 95 MARKET FOR HOSPITALS APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                                 TABLE 96 MARKET FOR HOSPITALS APPLICATION, BY REGION, 2021–2026 (USD MILLION)
     11.4 INDUSTRIAL
             11.4.1 INCREASING NUMBER OF SMART WAREHOUSES TO FUEL GROWTH OF MARKET FOR INDUSTRIAL VERTICAL
                    TABLE 97 MARKET FOR INDUSTRIAL VERTICAL, BY CONNECTIVITY TECHNOLOGY, 2017–2020 (USD MILLION)
                    TABLE 98 MARKET FOR INDUSTRIAL VERTICAL, BY CONNECTIVITY TECHNOLOGY, 2021–2026 (USD MILLION)
                    TABLE 99 MARKET FOR INDUSTRIAL VERTICAL, BY INSTALLATION TYPE, 2017–2020 (USD MILLION)
                    TABLE 100 MARKET FOR INDUSTRIAL VERTICAL, BY INSTALLATION TYPE, 2021–2026 (USD MILLION)
                    TABLE 101 MARKET FOR INDUSTRIAL VERTICAL, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 102 MARKET FOR INDUSTRIAL VERTICAL, BY REGION, 2021–2026 (USD MILLION)
                    FIGURE 50 US TO DOMINATE NORTH AMERICAN MARKET FOR INDUSTRIAL VERTICAL
                    TABLE 103 MARKET FOR INDUSTRIAL VERTICAL IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 104 MARKET FOR INDUSTRIAL VERTICAL IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 105 MARKET FOR INDUSTRIAL VERTICAL IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 106 MARKET FOR INDUSTRIAL VERTICAL IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 107 MARKET FOR INDUSTRIAL VERTICAL IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 108 MARKET FOR INDUSTRIAL VERTICAL IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 109 MARKET FOR INDUSTRIAL VERTICAL IN ROW, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 110 MARKET FOR INDUSTRIAL VERTICAL IN ROW, BY REGION, 2021–2026 (USD MILLION)

12 GEOGRAPHIC ANALYSIS (Page No. - 137)
     12.1 INTRODUCTION
          FIGURE 51 MARKET IN CHINA TO REGISTER HIGHEST CAGR FROM 2021 TO 2026
          TABLE 111 MARKET, BY REGION, 2017–2020 (USD MILLION)
          TABLE 112 MARKET, BY REGION, 2021–2026 (USD MILLION)
     12.2 NORTH AMERICA
          FIGURE 52 NORTH AMERICA: SMART THERMOSTAT MARKET SNAPSHOT
             12.2.1 US
                        12.2.1.1 US to hold largest share of North American market
             12.2.2 CANADA
                        12.2.2.1 Growing environmental awareness among consumers of energy-efficient technologies is increasing adoption of smart thermostats in Canada
             12.2.3 MEXICO
                        12.2.3.1 High focus on Mexican companies and associations to boost manufacturing and warehousing sectors to fuel market growth
                                 TABLE 113 MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                                 TABLE 114 MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
                                 TABLE 115 MARKET IN US, BY VERTICAL, 2017–2020 (USD MILLION)
                                 TABLE 116 MARKET IN US, BY VERTICAL, 2021–2026 (USD MILLION)
                                 TABLE 117 MARKET IN CANADA, BY VERTICAL, 2017–2020 (USD MILLION)
                                 TABLE 118 MARKET IN CANADA, BY VERTICAL, 2021–2026 (USD MILLION)
                                 TABLE 119 MARKET IN MEXICO, BY VERTICAL, 2017–2020 (USD MILLION)
                                 TABLE 120 MARKET IN MEXICO, BY VERTICAL, 2021–2026 (USD MILLION)
     12.3 EUROPE
          FIGURE 53 EUROPE: SMART THERMOSTAT MARKET SNAPSHOT
             12.3.1 UK
                        12.3.1.1 UK to hold largest size of market in Europe
             12.3.2 GERMANY
                        12.3.2.1 Growing adoption of smart HVAC devices in smart cities to propel the demand for smart thermostats
                                 TABLE 121 GAS EMISSION REDUCTION TARGETS BASED ON SECTORS, 2030
             12.3.3 FRANCE
                        12.3.3.1 Rising demand for smart homes in France to fuel growth of smart market
                                 TABLE 122 NATIONAL TARGETS AND CONTRIBUTIONS OF FRANCE
             12.3.4 REST OF EUROPE (ROE)
                    TABLE 123 MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 124 MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 125 MARKET IN UK, BY VERTICAL, 2017–2020 (USD MILLION)
                    TABLE 126 MARKET IN UK, BY VERTICAL, 2021–2026 (USD MILLION)
                    TABLE 127 MARKET IN FRANCE, BY VERTICAL, 2017–2020 (USD MILLION)
                    TABLE 128 MARKET IN FRANCE, BY VERTICAL, 2021–2026 (USD MILLION)
                    TABLE 129 MARKET IN GERMANY, BY VERTICAL, 2017–2020 (USD MILLION)
                    TABLE 130 MARKET IN GERMANY, BY VERTICAL, 2021–2026 (USD MILLION)
                    TABLE 131 MARKET IN REST OF EUROPE, BY VERTICAL, 2017–2020 (USD MILLION)
                    TABLE 132 MARKET IN REST OF EUROPE, BY VERTICAL, 2021–2026 (USD MILLION)
     12.4 APAC
          FIGURE 54 APAC: SMART THERMOSTAT MARKET SNAPSHOT
             12.4.1 CHINA
                        12.4.1.1 China to hold largest share of APAC market
             12.4.2 JAPAN
                        12.4.2.1 Growing need for energy efficiency is fueling demand for smart thermostats
             12.4.3 SOUTH KOREA
                        12.4.3.1 Expanding smart home market to fuel market growth
             12.4.4 REST OF APAC (ROAPAC)
                    TABLE 133 MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 134 MARKET IN CHINA, BY VERTICAL, 2017–2020 (USD MILLION)
                    TABLE 136 MARKET IN CHINA, BY VERTICAL, 2021–2026 (USD MILLION)
                    TABLE 137 MARKET IN JAPAN, BY VERTICAL, 2017–2020 (USD MILLION)
                    TABLE 138 MARKET IN JAPAN, BY VERTICAL, 2021–2026 (USD MILLION)
                    TABLE 139 MARKET IN SOUTH KOREA, BY VERTICAL, 2017–2020 (USD MILLION)
                    TABLE 140 MARKET IN SOUTH KOREA, BY VERTICAL, 2021–2026 (USD MILLION)
                    TABLE 141 MARKET IN REST OF APAC, BY VERTICAL, 2017–2020 (USD MILLION)
                    TABLE 142 MARKET IN REST OF APAC, BY VERTICAL, 2021–2026 (USD MILLION)
     12.5 REST OF THE WORLD (ROW)
          FIGURE 55 ROW: MARKET SNAPSHOT
             12.5.1 MIDDLE EAST & AFRICA
                        12.5.1.1 Middle East & Africa to witness significant growth
             12.5.2 SOUTH AMERICA
                        12.5.2.1 Growing retail industry to fuel regional market growth
                                 TABLE 143 MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
                                 TABLE 144 MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
                                 TABLE 145 MARKET IN MIDDLE EAST & AFRICA, BY VERTICAL, 2017–2020 (USD MILLION)
                                 TABLE 146 MARKET IN MIDDLE EAST & AFRICA, BY VERTICAL, 2021–2026 (USD MILLION)
                                 TABLE 147 MARKET IN SOUTH AMERICA, BY VERTICAL, 2017–2020 (USD MILLION)
                                 TABLE 148 MARKET IN SOUTH AMERICA, BY VERTICAL, 2021–2026 (USD THOUSAND)

13 COMPETITIVE LANDSCAPE (Page No. - 161)
     13.1 INTRODUCTION
             13.1.1 TOP 5 COMPANY REVENUE ANALYSIS
                    FIGURE 56 TOP PLAYERS IN SMART THERMOSTAT MARKET, 2016–2020
     13.2 MARKET EVALUATION FRAMEWORK
          TABLE 149 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS OF MARKET
     13.3 MARKET SHARE ANALYSIS OF PLAYERS, 2019
          TABLE 150 MARKET: CONSOLIDATED
     13.4 COMPETITIVE EVALUATION QUADRANT
             13.4.1 STAR
             13.4.2 EMERGING LEADER
             13.4.3 PERVASIVE
             13.4.4 PARTICIPANT
                    FIGURE 57 MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
     13.5 STARTUP/SME EVALUATION QUADRANT
             13.5.1 PROGRESSIVE COMPANY
             13.5.2 RESPONSIVE COMPANY
             13.5.3 DYNAMIC COMPANY
             13.5.4 STARTING BLOCK
                    FIGURE 58 STARTUP/SME EVALUATION MATRIX
                    TABLE 151 COMPANY APPLICATION FOOTPRINT
                    TABLE 152 COMPANY REGION FOOTPRINT
                    TABLE 153 COMPANY FOOTPRINT
     13.6 COMPETITIVE SITUATIONS AND TRENDS
             13.6.1 PRODUCT LAUNCHES
                    TABLE 154 MARKET: PRODUCT LAUNCHES, JANUARY 2018–JANUARY 2020
             13.6.2 DEALS
                    TABLE 155 MARKET: DEALS, JANUARY 2018–JANUARY 2021
             13.6.3 OTHERS
                    TABLE 156 MARKET: OTHERS, JANUARY 2018–JANUARY 2021

14 COMPANY PROFILES (Page No. - 173)
     14.1 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, and MnM View)*
             14.1.1 ALPHABET (GOOGLE NEST)
                    TABLE 157 ALPHABET: BUSINESS OVERVIEW
                    FIGURE 59 ALPHABET: COMPANY SNAPSHOT
             14.1.2 EMERSON ELECTRIC
                    TABLE 158 EMERSON ELECTRIC: BUSINESS OVERVIEW
                    FIGURE 60 EMERSON ELECTRIC: COMPANY SNAPSHOT
             14.1.3 HONEYWELL INTERNATIONAL
                    TABLE 159 HONEYWELL INTERNATIONAL: BUSINESS OVERVIEW
                    FIGURE 61 HONEYWELL INTERNATIONAL: COMPANY SNAPSHOT
             14.1.4 LENNOX INTERNATIONAL
                    TABLE 160 LENNOX CORPORATION: BUSINESS OVERVIEW
                    FIGURE 62 LENNOX INTERNATIONAL: COMPANY SNAPSHOT
             14.1.5 ECOBEE
                    TABLE 161 ECOBEE: BUSINESS OVERVIEW
             14.1.6 CARRIER CORPORATION
                    TABLE 162 CARRIER CORPORATION: BUSINESS OVERVIEW
             14.1.7 JOHNSON CONTROLS (LUX PRODUCTS)
                    TABLE 163 JOHNSON CONTROLS: BUSINESS OVERVIEW
                    FIGURE 63 JOHNSON CONTROLS: COMPANY SNAPSHOT
             14.1.8 LEGRAND (NETATMO)
                    TABLE 164 LEGRAND: BUSINESS OVERVIEW
                    FIGURE 64 LEGRAND: COMPANY SNAPSHOT
             14.1.9 RESIDEO TECHNOLOGIES
                    TABLE 165 RESIDEO TECHNOLOGIES: BUSINESS OVERVIEW
                    FIGURE 65 RESIDEO TECHNOLOGIES: COMPANY SNAPSHOT
             14.1.10 SIEMENS
                     TABLE 166 SIEMENS: BUSINESS OVERVIEW
                     FIGURE 66 SIEMENS: COMPANY SNAPSHOT
             14.1.11 TRANE TECHNOLOGIES
                     TABLE 167 TRANE TECHNOLOGIES: BUSINESS OVERVIEW
                     FIGURE 67 TRANE TECHNOLOGIES: COMPANY SNAPSHOT
             14.1.12 CONTROL4 CORPORATION
                     TABLE 168 CONTROL4 CORPORATION: BUSINESS OVERVIEW
             14.1.13 NORTEK CONTROL
                     TABLE 169 NORTEK CONTROL: BUSINESS OVERVIEW
             14.1.14 TADO
                     TABLE 170 TADO: BUSINESS OVERVIEW
* Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
     14.2 OTHER KEY PLAYERS
             14.2.1 ALARM.COM
             14.2.2 BOSCH THERMOTECHNOLOGY
             14.2.3 CENTRICA HIVE
             14.2.4 CIELO WIGLE
             14.2.5 CLIMOTE
             14.2.6 EMPOWERED HOMES (MYSA)
             14.2.7 EVE SYSTEMS
             14.2.8 MRCOOL
             14.2.9 RADIO THERMOSTAT COMPANY OF AMERICA
             14.2.10 SALUS CONTROLS
             14.2.11 VINE CONNECTED
             14.2.12 VIVINT
             14.2.13 ZEN ECOSYSTEMS

15 ADJACENT & RELATED MARKET (Page No. - 215)
     15.1 INTRODUCTION
     15.2 LIMITATIONS
     15.3 BUILDING AUTOMATION SYSTEM MARKET
             15.3.1 DEFINITION
             15.3.2 MARKET OVERVIEW
             15.3.3 BUILDING AUTOMATION SYSTEM MARKET, BY REGION
                    TABLE 171 BUILDING AUTOMATION SYSTEM MARKET, BY REGION, 2015–2020 (USD BILLION)
                    TABLE 172 BUILDING AUTOMATION SYSTEM MARKET, BY REGION, 2021–2026 (USD BILLION)
                        15.3.3.1 North America
                                 TABLE 173 BUILDING AUTOMATION SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY, 2015–2020 (USD BILLION)
                                 TABLE 174 BUILDING AUTOMATION SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD BILLION)
                                 TABLE 175 BUILDING AUTOMATION SYSTEM MARKET IN NORTH AMERICA, BY OFFERING, 2015–2020 (USD MILLION)
                                 TABLE 176 BUILDING AUTOMATION SYSTEM MARKET IN NORTH AMERICA, BY OFFERING, 2021–2026 (USD MILLION)
                                 TABLE 177 BUILDING AUTOMATION SYSTEM MARKET IN NORTH AMERICA, BY APPLICATION, 2015–2020 (USD BILLION)
                                 TABLE 178 BUILDING AUTOMATION SYSTEM MARKET IN NORTH AMERICA, BY APPLICATION, 2021–2026 (USD BILLION)
                                 TABLE 179 BUILDING AUTOMATION SYSTEM MARKET IN NORTH AMERICA FOR RESIDENTIAL APPLICATION, BY COUNTRY 2015–2020 (USD MILLION)
                                 TABLE 180 BUILDING AUTOMATION SYSTEM MARKET IN NORTH AMERICA FOR RESIDENTIAL APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                                 TABLE 181 BUILDING AUTOMATION SYSTEM MARKET IN NORTH AMERICA FOR COMMERCIAL APPLICATION, BY COUNTRY, 2015–2020 (USD MILLION)
                                 TABLE 182 BUILDING AUTOMATION SYSTEM MARKET IN NORTH AMERICA FOR COMMERCIAL APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                                 TABLE 183 BUILDING AUTOMATION SYSTEM MARKET IN NORTH AMERICA FOR INDUSTRIAL APPLICATION, BY COUNTRY, 2015–2020 (USD MILLION)
                                 TABLE 184 BUILDING AUTOMATION SYSTEM MARKET IN NORTH AMERICA FOR INDUSTRIAL APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                                 TABLE 185 BUILDING AUTOMATION SYSTEM MARKET IN US, BY APPLICATION, 2015–2020 (USD BILLION)
                                 TABLE 186 BUILDING AUTOMATION SYSTEM MARKET IN US, BY APPLICATION, 2021–2026 (USD BILLION)
                                 TABLE 187 BUILDING AUTOMATION SYSTEM MARKET IN CANADA, BY APPLICATION, 2015–2020 (USD MILLION)
                                 TABLE 188 BUILDING AUTOMATION SYSTEM MARKET IN CANADA, BY APPLICATION, 2021–2026 (USD MILLION)
                                 TABLE 189 BUILDING AUTOMATION SYSTEM MARKET IN MEXICO, BY APPLICATION, 2015–2020 (USD MILLION)
                                 TABLE 190 BUILDING AUTOMATION SYSTEM MARKET IN MEXICO, BY APPLICATION, 2021–2026 (USD MILLION)
                        15.3.3.2 Europe
                                 TABLE 191 BUILDING AUTOMATION SYSTEM MARKET IN EUROPE, BY COUNTRY, 2015–2020 (USD BILLION)
                                 TABLE 192 BUILDING AUTOMATION SYSTEM MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD BILLION)
                                 TABLE 193 BUILDING AUTOMATION SYSTEM MARKET IN EUROPE, BY OFFERING, 2015–2020 (USD MILLION)
                                 TABLE 194 BUILDING AUTOMATION SYSTEM MARKET IN EUROPE, BY OFFERING, 2021–2026 (USD MILLION)
                                 TABLE 195 BUILDING AUTOMATION SYSTEM MARKET IN EUROPE, BY APPLICATION, 2015–2020 (USD BILLION)
                                 TABLE 196 BUILDING AUTOMATION SYSTEM MARKET IN EUROPE, BY APPLICATION, 2021–2026 (USD BILLION)
                                 TABLE 197 BUILDING AUTOMATION SYSTEM MARKET IN EUROPE FOR RESIDENTIAL APPLICATION, BY COUNTRY, 2015–2020 (USD MILLION)
                                 TABLE 198 BUILDING AUTOMATION SYSTEM MARKET IN EUROPE FOR RESIDENTIAL APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                                 TABLE 199 BUILDING AUTOMATION SYSTEM MARKET IN EUROPE FOR COMMERCIAL APPLICATION, BY COUNTRY, 2015–2020 (USD MILLION)
                                 TABLE 200 BUILDING AUTOMATION SYSTEM MARKET IN EUROPE FOR COMMERCIAL APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                                 TABLE 201 BUILDING AUTOMATION SYSTEM MARKET IN EUROPE FOR INDUSTRIAL APPLICATION, BY COUNTRY, 2015–2020 (USD MILLION)
                                 TABLE 202 BUILDING AUTOMATION SYSTEM MARKET IN EUROPE FOR INDUSTRIAL APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                                 TABLE 203 BUILDING AUTOMATION SYSTEM MARKET IN UK, BY APPLICATION, 2015–2020 (USD MILLION)
                                 TABLE 204 BUILDING AUTOMATION SYSTEM MARKET IN UK, BY APPLICATION, 2021–2026 (USD MILLION)
                                 TABLE 205 BUILDING AUTOMATION SYSTEM MARKET IN GERMANY, BY APPLICATION, 2015–2020 (USD MILLION)
                                 TABLE 206 BUILDING AUTOMATION SYSTEM MARKET IN GERMANY, BY APPLICATION, 2021–2026 (USD MILLION)
                                 TABLE 207 BUILDING AUTOMATION SYSTEM MARKET IN FRANCE, BY APPLICATION, 2015–2020 (USD MILLION)
                                 TABLE 208 BUILDING AUTOMATION SYSTEM MARKET IN FRANCE, BY APPLICATION, 2021–2026 (USD MILLION)
                                 TABLE 209 BUILDING AUTOMATION SYSTEM MARKET IN ITALY, BY APPLICATION, 2015–2020 (USD MILLION)
                                 TABLE 210 BUILDING AUTOMATION SYSTEM MARKET IN ITALY, BY APPLICATION, 2021–2026 (USD MILLION)
                                 TABLE 211 BUILDING AUTOMATION SYSTEM MARKET IN REST OF EUROPE, BY APPLICATION, 2015–2020 (USD MILLION)
                                 TABLE 212 BUILDING AUTOMATION SYSTEM MARKET IN REST OF EUROPE, BY APPLICATION, 2021–2026 (USD MILLION)
                        15.3.3.3 APAC
                                 TABLE 213 BUILDING AUTOMATION SYSTEM MARKET IN APAC, BY COUNTRY, 2015–2020 (USD BILLION)
                                 TABLE 214 BUILDING AUTOMATION SYSTEM MARKET IN APAC, BY COUNTRY, 2021–2026 (USD BILLION)
                                 TABLE 215 BUILDING AUTOMATION SYSTEM MARKET IN APAC, BY OFFERING, 2015–2020 (USD MILLION)
                                 TABLE 216 BUILDING AUTOMATION SYSTEM MARKET IN APAC, BY OFFERING, 2021–2026 (USD MILLION)
                                 TABLE 217 BUILDING AUTOMATION SYSTEM MARKET IN APAC, BY APPLICATION, 2015–2020 (USD BILLION)
                                 TABLE 218 BUILDING AUTOMATION SYSTEM MARKET IN APAC, BY APPLICATION, 2021–2026 (USD BILLION)
                                 TABLE 219 BUILDING AUTOMATION SYSTEM MARKET IN APAC FOR RESIDENTIAL APPLICATION, BY COUNTRY, 2015–2020 (USD MILLION)
                                 TABLE 220 BUILDING AUTOMATION SYSTEM MARKET IN APAC FOR RESIDENTIAL APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                                 TABLE 221 BUILDING AUTOMATION SYSTEM MARKET IN APAC FOR COMMERCIAL APPLICATION, BY COUNTRY, 2015–2020 (USD MILLION)
                                 TABLE 222 BUILDING AUTOMATION SYSTEM MARKET IN APAC FOR COMMERCIAL APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                                 TABLE 223 BUILDING AUTOMATION SYSTEM MARKET IN APAC FOR INDUSTRIAL APPLICATION, BY COUNTRY, 2015–2020 (USD MILLION)
                                 TABLE 224 BUILDING AUTOMATION SYSTEM MARKET IN APAC FOR INDUSTRIAL APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                                 TABLE 225 BUILDING AUTOMATION SYSTEM MARKET IN CHINA, BY APPLICATION, 2015–2020 (USD MILLION)
                                 TABLE 226 BUILDING AUTOMATION SYSTEM MARKET IN CHINA, BY APPLICATION, 2021–2026 (USD MILLION)
                                 TABLE 227 BUILDING AUTOMATION SYSTEM MARKET IN JAPAN, BY APPLICATION, 2015–2020 (USD MILLION)
                                 TABLE 228 BUILDING AUTOMATION SYSTEM MARKET IN JAPAN, BY APPLICATION, 2021–2026 (USD MILLION)
                                 TABLE 229 BUILDING AUTOMATION SYSTEM MARKET IN INDIA, BY APPLICATION, 2015–2020 (USD MILLION)
                                 TABLE 230 BUILDING AUTOMATION SYSTEM MARKET IN INDIA, BY APPLICATION, 2021–2026 (USD MILLION)
                                 TABLE 231 BUILDING AUTOMATION SYSTEM MARKET IN SOUTH KOREA, BY APPLICATION, 2015–2020 (USD MILLION)
                                 TABLE 232 BUILDING AUTOMATION SYSTEM MARKET IN SOUTH KOREA, BY APPLICATION, 2021–2026 (USD MILLION)
                                 TABLE 233 BUILDING AUTOMATION SYSTEM MARKET IN REST OF APAC, BY APPLICATION, 2015–2020 (USD MILLION)
                                 TABLE 234 BUILDING AUTOMATION SYSTEM MARKET IN REST OF APAC, BY APPLICATION, 2021–2026 (USD MILLION)
                        15.3.3.4 ROW
                                 TABLE 235 BUILDING AUTOMATION SYSTEM MARKET IN ROW, BY REGION, 2015–2020 (USD BILLION)
                                 TABLE 236 BUILDING AUTOMATION SYSTEM MARKET IN ROW, BY REGION, 2021–2026 (USD BILLION)
                                 TABLE 237 BUILDING AUTOMATION SYSTEM MARKET IN ROW, BY OFFERING, 2015–2020 (USD MILLION)
                                 TABLE 238 BUILDING AUTOMATION SYSTEM MARKET IN ROW, BY OFFERING, 2021–2026 (USD MILLION)
                                 TABLE 239 BUILDING AUTOMATION SYSTEM MARKET IN ROW, BY APPLICATION, 2015–2020 (USD BILLION)
                                 TABLE 240 BUILDING AUTOMATION SYSTEM MARKET IN ROW, BY APPLICATION, 2021–2026 (USD BILLION)
                                 TABLE 241 BUILDING AUTOMATION SYSTEM MARKET IN ROW FOR RESIDENTIAL APPLICATION, BY REGION, 2015–2020 (USD MILLION)
                                 TABLE 242 BUILDING AUTOMATION SYSTEM MARKET IN ROW FOR RESIDENTIAL APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                                 TABLE 243 BUILDING AUTOMATION SYSTEM MARKET IN ROW FOR COMMERCIAL APPLICATION, BY REGION, 2015–2020 (USD MILLION)
                                 TABLE 244 BUILDING AUTOMATION SYSTEM MARKET IN ROW FOR COMMERCIAL APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                                 TABLE 245 BUILDING AUTOMATION SYSTEM MARKET IN ROW FOR INDUSTRIAL APPLICATION, BY REGION, 2015–2020 (USD MILLION)
                                 TABLE 246 BUILDING AUTOMATION SYSTEM MARKET IN ROW FOR INDUSTRIAL APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                                 TABLE 247 BUILDING AUTOMATION SYSTEM MARKET IN SOUTH AMERICA, BY APPLICATION, 2015–2020 (USD MILLION)
                                 TABLE 248 BUILDING AUTOMATION SYSTEM MARKET IN SOUTH AMERICA, BY APPLICATION, 2021–2026 (USD MILLION)
                                 TABLE 249 BUILDING AUTOMATION SYSTEM MARKET IN MIDDLE EAST AND AFRICA, BY APPLICATION, 2015–2020 (USD MILLION)
                                 TABLE 250 BUILDING AUTOMATION SYSTEM MARKET IN MIDDLE EAST AND AFRICA, BY APPLICATION, 2021–2026 (USD MILLION)

16 APPENDIX (Page No. - 243)
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