At 35.29% CAGR, Smart Thermostat Market Analysis by Technology, Application and Components (2017-2022)
Smart Thermostat Market has witnessed tremendous growth of 20% during 201202017 and amounted to USD 1.36 billion in the year 2017. The global Smart Thermostat market is projected to display even higher growth represented by a CAGR of 35.29% during 2017 – 2022. The market will chiefly driven by increase in urbanization and rising carbon emission, growing internet users and smartphone penetration, government regulations to use energy saving devices and growing advancements in the thermostat technology.
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