Global Smart Thermostat Market was valued at USD 3.31 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 22.39% through 2029. Growing awareness of environmental issues and climate change has prompted consumers to seek more sustainable and energy-efficient solutions. Smart thermostats, by optimizing energy consumption, contribute to reducing greenhouse gas emissions and align with the increasing eco-consciousness of consumers.
Key Market Players
Emerson Electric Co.
Ecobee, Inc.
Honeywell International Inc.
Johnson Controls International plc
Nest Labs, Inc.
Control4 Corporation
Schnieder Electric SE
Tado GmbH
Nortek, Inc.
Ingersoll Rand plc
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