Smart Thermostats Market is estimated to be US$ 12.50 billion by 2030 with a CAGR of 23.5% during the forecast period
Smart Thermostat is a device applicable for controlling the heating and air conditioning in commercial as well as residential buildings. Smart thermostat enables user to maintain the temperature of the room throughout the day using a schedule. For example setting different temperature while day and night time. Smart thermostats are linked to with internet which allows its user to control the heating setting using various internet connected devices, like smartphones, tablets etc. It also enables user to easily switch on/off the air conditioning or heating of room even when they are not inside office or home. The global smart thermostats market accounted for US$ 1.50 billion in 2020 and is estimated to be US$ 12.50 billion by 2030 and is anticipated to register a CAGR of 23.5%. The report " Global Smart Thermostats Market, By Component (Display, Motion Sensor, Humidity Sensor, Temperature Sensor, and Others), By Network Technology (Wired Technology and Wireless Technolo