DUBLIN, Feb. 3, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/4vkcdt/smart_thermostat) has announced the addition of the "Smart Thermostat Market in APAC 2015-2019" report to their offering.
The report forecasts that the smart thermostat market in APAC will grow at a CAGR of 63.98% during the period 2015-2019.
The market in APAC is at a nascent stage. To drive the market, vendors are adopting different pricing strategies. Coupons are a quick way to entice customers by offering coupons as an incentive whether vendors are launching new products or trying to reduce excess inventory. This trend is common in the US and the UK.
According to the report, the global demand for electricity has been rising continuously in response to widespread industrialization, increasing populations, and growing energy consumption. Electricity charges account for a huge part of consumers' monthly utility bills. Homeowners need to minimize energy consumption to reduce costs. Smart thermostats help users monitor their heating and cooling patterns and remotely monitor appliances so that they can conserve energy.
Further, the report states that ineffective marketing by vendors, the lack of awareness about the benefits of smart thermostats, and the inability to quantify the exact benefits are factors preventing the market from growing.
Key questions answered in this report:
- What will the market size be in 2019 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?
Other prominent vendors:
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by technology
PART 07: Key leading countries
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/4vkcdt/smart_thermostat
Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets