The smart thermostat market is expected to grow at a 25.1%complex annual growth rate (CAGR) and reach $ 13.6 billion in 2030.

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The global market in 2021 smart thermostat is $ 2.9 billion.The world market of smart thermostat is 25 during the forecast period from 2022 to 2030.It is expected to grow with a 1%complex annual growth rate (CAGR) and reach $ 13.6 billion in 2030.Smart thermostats generally set programmable automatic temperature according to the needs of weather, cooling and cooling, and daily schedules.Smart thermostat is a device that allows you to efficiently grasp the surrounding environmental patterns.

It is thought that the growing change in the housing and commercial field will contribute to the growth of the smart thermostat world market. Smart thermostat is suitable for smart home infrastructure. This device is also efficient in saving energy. All of these factors will contribute to the growth of the world's smart thermostat market. The progress of technology and the progress of urbanization contribute to the growth of the smart thermostat market. For example, NEST LABS has announced a new feature that warns customers about all HVAC issues. Such progress is likely to benefit the world's smart thermostat market. The increase in demand for electronic devices and electrical appliances, ambiance heating and remote access to temperature will escalate the market growth. The spread of IoT and AI -based technology in houses and commercial spaces will bring enough growth opportunities to the smart thermostat market. Conversely, high costs related to the installation and maintenance of smart thermostats may limit the growth of the world's smart thermostat market during the survey.

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