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New study: Low voltage thermostats market forecast to 2021

Industrial Market Research

The analysts forecast Global Low Voltage Thermostats Market to grow at a CAGR of 13.18% during the period 2017-2021. Other Prominent Vendors in the market are: 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, and Tado.

Global Low Voltage Thermostats Market. following companies as the key players are: Carrier, Emerson, Honeywell International, and Schneider Electric

The latest trend gaining momentum in the market is Growing number of smart homes. Smart homes are gaining popularity globally as consumers give higher preference to comfort and convenience.

Smart homes use electronic communication devices such as smartphones or tablets to connect domestic appliances like air conditioning units, lighting systems, television, computer, heating systems, security devices, and cameras.

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.

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The market is divided into the following segments based on geography: APAC,, Europe,, North America and ROW.

According to the report, one of the major drivers for this market is Growth of commercial building sector. The commercial sector has witnessed significant growth with the increase in the construction of office buildings, data centers, and healthcare facilities.

Further, the report states that one of the major factors hindering the growth of this market is High initial prices affect the demand for smart thermostats. One of the primary challenges faced by the consumers is the high initial cost of smart thermostats.

These thermostats are more expensive than traditional thermostats.

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 study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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About Low Voltage Thermostats

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.

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

Table of Contents

Executive summary

Scope of the report

Research Methodology


Market landscape

Market segmentation by type

Geographical segmentation

Decision framework
Drivers and challenges

Market trends

Vendor landscape

Key vendor analysis


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