Technological Advancements in Smart Thermostats Drives the Market for Thermostats, According to a New Trend Report Published by Global Industry Analysts, Inc.

San Jose, California (PRWEB) January 24, 2014

Follow us on LinkedIn. – Thermostats are special devices that are used for controlling the cooling and heating equipment installed within a building to maintain a comfortable air temperature. Thermostats works by activating and deactivating the cooling and heating devices as soon as the temperature crosses the permissible limit, which is already preset within the device. Developing countries are expected to fuel growth in the market led by strong economic growth, improving consumer confidence, rising standards of living, higher discretionary incomes, and increased spending on consumer appliances such as integrated home automation system, HVAC equipment, smart lighting, among others. With escalating energy costs and growing energy efficiency awareness, energy cost savings is emerging as one of the key purchase criteria among consumers, and poised to benefit under this scenario are advanced thermostat solutions. Future growth in the market is expected to especially come from programmable communicating thermostats (PCTs).

The trend report titled Thermostats announced by Global Industry Analysts Inc., is a focused research paper which provides cursory insights into the product, its applications, future prospects and corporate initiatives of key companies worldwide. Also covered are companies such as Carrier Corporation, Comverge Inc., Danfoss Group, Ecobee Inc., Energate Inc., Gillece Services, Honeywell International Inc., Jackson Systems, Just Energy Group Inc., Leviton Manufacturing Co. Inc., Log-One Ltd., Lux Products Corporation, Nest Labs Inc., Savant Systems LLC, Siemens AG, and Venstar Inc., among others.

For more details about this trend report, please visit

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.

Global Industry Analysts, Inc.

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