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Global Room Thermostats for Air Conditioning Market to be Worth US$2710 by 2025, Suggests QY Research

Author: QYResearch  |   Published Date: 2019-05-17   |   Views: 38


Global warming is a serious concern affecting human life in many different ways. For instance, the increasing temperatures have spiked the demand for air conditioners at a significant rate in recent decade. The global rise in temperature is thus directly proportional to the rising demand for air conditioners and its parts. These interlinked factors are expected to propel the growth of the global room thermostats for air conditioning market in the coming years.


The global room thermostats for air conditioning market was worth US$1240 mn in 2018 and the report suggests that it will reach US$2710 mn by 2025, registering a steady CAGR of 11.9% during the period of 2018 to 2025. QY Research discusses the future of the market in its latest report, titled “Global Room Thermostats for Air Conditioning Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application.”


Global Room Thermostats for Air Conditioning Market: Drivers

The global room thermostats for air conditioning market is primarily being driven by rising temperatures due to global warming. Increasing disposable income that affords the urban population air conditioning is also adding value to the market. Improving standard of living, modern living styles, and ability to cool living spaces artificially have all augmented the sales of room thermostats for air conditioning. Technological advancements in air conditioners that enables air purification and pollution control have also stoked the demand for room thermostats for air conditioning. The ongoing infrastructural developments across the globe are also expected to boost the uptake of air conditioners, thereby influencing the market for room thermostats for air conditioning in an indirect way.


Global Room Thermostats for Air Conditioning Market: Segment Analysis

The global room thermostats for air conditioning market is segmented by type and application. In terms of type, the market is segmented into smart room thermostats, electrical room thermostats, and mechanical room thermostats. In terms of applications, the market is segmented into home, office, hotels, shopping malls, and others. 


Global Room Thermostats for Air Conditioning Market: Regional Analysis

On the basis of region, the global room thermostats for air conditioning market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. Asia Pacific is expected to lead the global room thermostats for air conditioning market. Soaring temperatures, improving lifestyles, and expanding infrastructural developments in the region are expected to propel market growth. 


Global Room Thermostats for Air Conditioning Market: The Key Players

The key players studied in the global room thermostats for air conditioning market are Siemens, Honeywell, Johnson Controls, Danfoss, Schneider-electri, Carrier, NEST, VENSTAR, Trane, KMC, EMERSON, ASIC, saswell, Viconics, Hailin, ABB, YiKeCHENG, Henan Development Alliance Automatic, and TELIN.


Full Report Overview@ https://www.qyresearch.com/index/detail/1063718/global-room-thermostats-for-air-conditioning-market

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