Southeast Asia Smart Thermostat Market Size, Share, Trends, Demand, Growth and Competitive Analysis 2030

The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Southeast Asia Smart Thermostat Market Industry (2025-2030):

According to the latest report, the Southeast Asia Smart Thermostat Market size is valued at USD 275 million in 2023 & is estimated to reach USD 752 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 16.54% during the forecast period, i.e., 2024-30. The report demonstrates the prominent factors propelling the exponential growth of the Southeast Asia Smart Thermostat Market


Key Takeaways: Beneficial for Stakeholders and Clients

·        Historic Period: 2019-2022

·        Base year: 2023

·        Forecast Years: 2024-2030

·        CAGR (2025-30): 16.54%

·        Market Value In (2023): USD 275 Million

·        Market Value By (2030): USD 752 Million

What are the major Driver the Southeast Asia Smart Thermostat Market industry?

Rising Rate of Smart Home Automation – In recent years, the inhabitants in the region have been inclined towards home automation systems, including smart thermostats, next-generation lighting, etc., since they help in providing remote monitoring, improving security, and enlightening home aesthetics. Based on the survey conducted by the company, almost 77% of consumers across the region have embraced smart home devices to improve their living standards.

Additionally, the number of working professionals in Southeast Asian countries is also increasing. As per the Ministry of Manpower, in 2022, the employment rate in Singapore reached approximately 67.5%, an increase of about 2% to 3% compared to the pre-pandemic period. These working professionals stay approximately 8-10 hours in the office or outdoor location. Therefore, they require solutions, that help them to monitor and operate the home appliances even via their smartphones. Thus, the working population in Southeast Asia is increasingly installing these systems in their residential apartments, enlarging the Southeast Asia Smart Thermostat Market size.

Download a sample PDF of this report to gain insights into the complete report structure

https://www.marknteladvisors.com/query/request-sample/southeast-asia-smart-thermostat-market.html

Southeast Asia Smart Thermostat Market Segmentation

The Southeast Asia Smart Thermostat Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

  • By Product Type
    • Motion Sensor Thermostat- Market Size & Forecast 2019-2030, USD Million
    • Geofencing Thermostat- Market Size & Forecast 2019-2030, USD Million
    • Learning Algorithm Thermostat- Market Size & Forecast 2019-2030, USD Million
  • By Technology
    • Wireless- Market Size & Forecast 2019-2030, USD Million
      • Bluetooth- Market Size & Forecast 2019-2030, USD Million
      • Wi-Fi - Market Size & Forecast 2019-2030, USD Million
      • ZigBee - Market Size & Forecast 2019-2030, USD Million
      • Z-Wave- Market Size & Forecast 2019-2030, USD Million
    • Wired- Market Size & Forecast 2019-2030, USD Million
  • By Component
    • Sensor- Market Size & Forecast 2019-2030, USD Million
      • Temperature Sensor- Market Size & Forecast 2019-2030, USD Million
      • Motion Sensors- Market Size & Forecast 2019-2030, USD Million
      • Humidity Sensors- Market Size & Forecast 2019-2030, USD Million
    • Display- Market Size & Forecast 2019-2030, USD Million
    • Others- Market Size & Forecast 2019-2030, USD Million
  • By End Users
    • Residential - Market Size & Forecast 2019-2030, USD Million
    • Industrial- Market Size & Forecast 2019-2030, USD Million
    • Commercial- Market Size & Forecast 2019-2030, USD Million
    • Hospitality- Market Size & Forecast 2019-2030, USD Million
    • Education- Market Size & Forecast 2019-2030, USD Million
    • Government - Market Size & Forecast 2019-2030, USD Million
    • Healthcare- Market Size & Forecast 2019-2030, USD Million
    • Others- Market Size & Forecast 2019-2030, USD Million
  • By Demand Type
    • New Installation- Market Size & Forecast 2019-2030, USD Million
    • Retrofitting- Market Size & Forecast 2019-2030, USD Million
  • By Country
    • Indonesia
    • Vietnam
    • Malaysia
    • Singapore
    • Thailand
    • The Philippines
    • Rest of Southeast Asia

As per the regional aspect, the Southeast Asia Smart Thermostat Market is expected to be dominated by Indonesia by capturing the potential market share. 

Explore further details about this research report-

https://www.marknteladvisors.com/research-library/southeast-asia-smart-thermostat-market.html

Top Companies in the Southeast Asia Smart Thermostat Market

Honeywell International Inc., Nest Labs, Inc., Johnson Controls International plc, Schneider Electric SE, Emerson Electric Co., Siemens AG, Daikin Industries, Ltd., Carrier Global Corporation, Ecobee, Inc., Resideo Technologies, Inc., and Other

Other reports:

Southeast Asia Smart Thermostat Industry Recent Development:


  • 2023: Resideo Technologies, Inc., launched a new smart thermostat with complete indoor air quality & comfort control features.

 

  • 2023: Schneider Electric SE, introduced a new sustainable home energy management solution comprising smart thermostats that offers energy savings & energy independence.

Why Markntel Advisor Report?

Well-known business Prospects: Our accurate analysis market research report serves as a treasure map for discovering potential markets and novel product avenues. Additionally, it facilitates comparisons of products and services.

Thoughtful Customer Insights: A market report provides the marketing department with an in-depth understanding of customer requirements and desires. This information is bound to enhance products, adjust pricing, and refine advertising strategies.

Empowering Data-Backed Judgement: Our comprehensive Market research encompasses a wide spectrum of activities, including precise market sizing, detailed segment analysis, accurate demand forecasting, competitor identification, and meticulous pricing trend monitoring.

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