Smart Thermostat Market Size to Reach USD 11.36 Billion by 2027 at a CAGR 28%
The global smart thermostat market size was valued at USD 1.86 Billion in 2019, and is projected to reach USD 11.36 Billion by 2027, registering a CAGR of 28% from 2020 to 2027. Major factors driving the growth of smart thermostat market size are the rapid adoption of smart infrastructure in residential & commercial sectors, the surge in penetration of IoT and AI-based technologies, and the increase in the use of smart technology in medical monitoring. Furthermore, reduction of energy bill co...
Source: prnewswire.com