Semiconductor

  Smart Thermostat Market- Overview A thermostat is one of the emerging smart home device which is convenient in use and control the heat of smart devices such as smartphone, smart watch or smart home appliances. Smart thermostat also monitor and records internal/external temperatures, and HVAC system time. After deployed widely, smart thermostat has potential to better manage and curb energy consumption across the broader system. There are numerous of smart thermostat available in the market. Nest thermostat, Honeywell Evohome, Tado smart thermostat, Netatmo smart thermostat, Hiva active heating, and CLIMOTE are some of popular thermostat products available in the market. The major growth driver of Smart Thermostat Market growth includes technology developments, emerging market of smart homes and growing demand for energy efficient devices. However, risk of sensor failure and high initial cost are some of the factors which are hindering the growth of Smart Thermostat Market. Despi...