Description
The
objective of this report is to define, describe, and forecast the market on the
basis of type, application, medical condition, and region. It provides detailed
information regarding the major factors influencing the growth of the market.
This report also tracks and analyzes competitive developments of the key
players in terms of market developments, product portfolios, and financials
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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.
Technavio's
analysts forecast the global low voltage thermostats market to grow at a CAGR
of 13.18% during the period 2017-2021.
Covered in this report
The
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
Technavio's
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
•
LUX PRODUCTS
•
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
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This
report is a complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the coming years.
It includes analysis of recent developments in technology, Porter’s five force
model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis
About Us
Radiant
Insights is a market research and consulting company offering syndicated
research studies, customized reports, and consulting services. Our market
research studies are designed to facilitate strategic decision making, on the
basis of extensive and in-depth quantitative information, supported by
extensive analysis and industry insights. Using a patented and robust research
methodology, we publish exhaustive research reports covering a host of
industries such as Technology, Chemicals, Materials, and Energy. Radiant
Insights has a strong base of analysts, consultants and domain experts, with
global experience helping us deliver excellence in all research projects we
undertake
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