QYResearch: United States WiFi Thermostats Market Size has reached over $ 164.9 Million in 2016

Analyst: Peihong Zhao

Company: QYResearch

QYResearch Group had completed a new survey project named as <United States WiFi Thermostats Market by Manufacturers, Type and Application, Forecast to 2022>, which is a professional and in-depth study on the current state of the United States WiFi Thermostats Market. Along with many related studies of upstream and downstream industry, this report is a valuable source for both companies and individuals who are interested in United States WiFi Thermostats Market. QYResearch also provide multi-user version for enterprise or associations and public institutions.

Heating and cooling accounts for almost half of the energy usage, making it largest energy expense in any typical USA home or enterprises. Smart WiFi Thermostats are a potential opportunity in the smart appliance market, as these systems are of great interest for consumers, energy companies and HVAC service providers. The USA WiFi Thermostat market is valued to be worth $164.9 Million in 2016 and is expected to expand at a CAGR of 34.46% (in terms of revenue) from the year 2016 to 2022. Consumers embrace WiFi thermostats primarily due to the potential for energy savings, increased comfort and convenience. With the advent of WiFi thermostat technology, the utilities can help the customers to reduce their power bills.

At the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. With the snatch for market share in emerging regions, the competition in WiFi Thermostats industry will become more intense.

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