Global ZigBee-enabled Smart Thermostat Market 2016-2020

  • Published: Mar 2016
  • Pages: 56
  • SKU: IRTNTR8995

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This industry research report presents a comprehensive analysis of the top drivers, challenges, and upcoming trends that influence market growth. It also segments the global ZigBee-enabled smart thermostat market by geography and includes key regions like the Americas, APAC, and EMEA. The key leading vendors analyzed in this market study are Carrier, Centralite Systems, Control4, Ecobee, Energate, Fidure, Honeywell, and Leviton.

Outlook of the global ZigBee-enabled smart thermostat market

A smart thermostat is an enhanced version of a conventional thermostat that combines software, sensors, online connectivity, algorithms, and consumer-friendly interfaces to save energy and promote electricity conservation. The global market for ZigBee-enabled smart thermostats will be positively affected by factors like the rising need for low-energy wireless technologies, and is anticipated to experience significant growth during the forecast period. ZigBee, which operates on the IEEE 802.15.4 standard, is a wireless communication technology that has the added advantage of efficient power management and ease of installation. Since it is the best substitute for high-power-consuming batteries and is the best alternative to connect to a number of devices in smart homes, the demand for ZigBee-based wireless network technology will increase exponentially over the next four years. Comprehensive market analysis carried out by the analysts at Technavio has shown that the global market for ZigBee-enabled smart thermostats will grow profoundly at a CAGR of over 67% by 2020.

The growing demand for energy-efficient heating, ventilating, and air conditioning (HVAC) equipment will be the key driver for this market. Heating and cooling equipment account for nearly half of the total household energy consumption cost in cold climates. As a result, many residential users have been compelled to seek ways to reduce energy consumption and cut costs. This growing need to reduce energy consumption will lead to the augmented adoption of smart thermostats that feature intelligent sensor systems.

Competitive landscape and key vendors

The global ZigBee-enabled smart thermostat market is competitive due to the emergence of various wireless networking technologies like Bluetooth, Wi-Fi, ZigBee, and Z-Wave. Due to the advent of such technologies, many smart device manufacturers have started utilizing these wireless communication technologies to manufacture their own connected devices and ecosystems. Since vendors in this market want to optimize the IoT revolution, they have started investing in smart thermostats that interface with home automation and smart energy networks.

Leading vendors in this market are -

  • Carrier
  • Centralite Systems
  • Control4
  • Ecobee
  • Energate
  • Fidure
  • Honeywell
  • Leviton

Geographical segmentation of the ZigBee-enabled smart thermostat market

  • Americas
  • APAC
  • EMEA

By 2020, the Americas will be the largest market for ZigBee-enabled smart thermostats as it will account for an impressive market share of nearly 55%. The presence of prominent vendors like Ecobee, Nest, and Honeywell in this region will aid in the growth of this market as they are the active members of the ZigBee Alliance. Also, factors such as the recent rise in the number of smart homes in the region will also spur the prospects for market growth as it will necessitate the adoption of energy-efficient internet-connected bulbs, smart appliances, and smart thermostats.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global ZigBee-enabled smart thermostat market?
  • What are the key market trends impacting the growth of the global ZigBee-enabled smart thermostat market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global ZigBee-enabled smart thermostat market?
  • What are the market opportunities and threats faced by the vendors in the global ZigBee-enabled smart thermostat market?
  • Trending factors influencing the market shares of the Americas, EMEA, and APAC.
  • What are the key outcomes of the five forces analysis of the global ZigBee-enabled smart thermostat market?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of  the report

  • Base year
  • Market coverage
  • Market size calculation
  • Geographical segmentation
  • Vendor segmentation

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights
  • Attributes of ZigBee mesh
  • Potential benefits of ZigBee
  • ZigBee applications

PART 05: Overview of ZigBee standard

  • ZigBee
  • ZigBee RF4CE
  • ZigBee PRO
  • ZigBee IP
  • ZigBee remote control 2.0
  • ZigBee 3.0

PART 06: Overview of wireless industry alliance

  • 6LoWPAN
  • Consortium for Smart Energy Profile 2 Interoperability
  • HomePlug Powerline Alliance
  • Wi-Fi Alliance
  • ZigBee Alliance
  • Z-Wave Alliance

PART 07: Market landscape

  • Market overview
  • Market size and forecast
  • Market analysis
  • Five forces analysis

PART 08: Geographical segmentation

  • Americas
  • EMEA
  • APAC

PART 09: Market drivers

  • Rise in ZigBee Alliance membership
  • Emergence of various ZigBee standards to support IoT devices
  • Need for low-energy wireless technology
  • Increase in demand for energy-efficient HVAC equipment
  • Rise in power prices

PART 10: Impact of drivers

PART 11: Market challenges

  • Threat from competing technologies
  • High initial cost of smart thermostats
  • Cluttered ZigBee profiles
  • Lack of support from government authorities
  • Lack of awareness regarding ZigBee technology
  • Limited throughput
  • Multicasting

PART 12: Impact of drivers and challenges

PART 13: Market trends

  • Increase in inclination for smart homes
  • Rise in diversity of IoT standards
  • Promotion of smart thermostats by government authorities
  • Emergence of DIY systems

PART 14: Vendor landscape

  • Competitive scenario

PART 15: Appendix

  • List of abbreviations

PART 16: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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