Global Low Voltage Thermostats Market 2017-2021

Published: August 2017
No. of Pages: 73
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Low voltage thermostats are used in HVAC systems, which use electricity, gas, or oil and are more efficient in controlling the flow of electric current. These thermostats operate at 24 V and are mainly used in water heating systems and electric unitary systems. The increase in the demand for HVAC equipment for residential and commercial purposes is expected to boost the market for low voltage thermostats. There are a wide range of products offered by vendors as per the consumers' requirements.

The analysts forecast global low voltage thermostats market to grow at a CAGR of 13.18% during the period 2017-2021.

Covered in this report

This report covers the present scenario and the growth prospects of the global low voltage thermostats market for 2017-2021. To calculate the market size, the report considers the demand for low voltage thermostats.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW

This report, Global Low Voltage Thermostats Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • Carrier
  • Emerson
  • Honeywell International
  • Schneider Electric

Other prominent vendors

  • climote
  • Computime
  • EcoFactor
  • GridPoint
  • Ingersoll Rand-Trane
  • Nest Labs
  • Quby
  • Radio Thermostat Company of America
  • Robertshaw Climate
  • Smart Wi-Fi Thermostats by ecobee
  • tado

Market driver

  • Growth of commercial building sector
  • For a full, detailed list, view our report

Market challenge

  • High initial prices affect the demand for smart thermostats
  • For a full, detailed list, view our report

Market trend

  • Growing number of smart homes
  • For a full, detailed list, view our report

Key questions answered in this report

  • What will the market size be in 2021 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?

Published By: Technavio
Product Code: Technavio16897

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