DUBLIN, March 22, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/s9wbv6/global) has announced the addition of the "Global ZigBee-enabled Smart Thermostat Market 2016-2020" report to their offering.
The global ZigBee-enabled smart thermostat market is expected to grow at a CAGR of 67.45% during the period 2016-2020.
Smart thermostats are used to adjust indoor ambient temperatures and humidity levels. It is an enhanced version of conventional thermostats: smart thermostats combine software, sensors, online connectivity, algorithms, and consumer-friendly interfaces to save on energy and promote electricity conservation. Several wireless technologies such as ZigBee and Wi-Fi are used to connect smart thermostats with mobile computing devices such as smartphones and tablets. Wireless technologies enable consumers to control and manage their smart thermostats from anywhere in the home.
Smart homes are major driving forces for ZigBee, which is an open standard and accepted worldwide. With the advantages of low power consumption, enhanced security, and interoperability, ZigBee is being recognized as one of the most reliable and cost-effective technologies for connecting the world of smart-home sentrollers by industry participants. Therefore, Technavio expects that the growing number of smart homes will lead to a rise in the adoption ZigBee technology for smart thermostats.
According to the report, the rapidly emerging IoT market worldwide is prompting different industries to join ZigBee Alliance. The alliance offers global wireless standards. It aids member companies in developing products that are compatible with ZigBee-certified products. Currently, the alliance has more than 400 members, working collaboratively to develop simple and easy-to-use ZigBee standards and products that define the IoT for use in consumer, commercial, and industrial applications.
Further, the report states that the high cost of smart thermostats is proving to be a major hurdle for market growth.
- Centralite Systems
Key questions answered in this report:
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Overview of ZigBee standard
PART 06: Overview of wireless industry alliance
PART 07: Market landscape
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
For more information visit http://www.researchandmarkets.com/research/s9wbv6/global
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SOURCE Research and Markets