Global Smart Thermostat Market to Reach $11. 36 Billion by 2027: Allied Market Research
Published
Apr 08 2021 at 2:30 PM GMT
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- OR, April 08, 2021 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global smart thermostat market held $1.
- 86 billion in 2019, and would reach $11.
- 36 billion by 2027, growing at a CAGR of 28.
- Increase in use of smart technology in medical monitoring, surge in penetration of IoT and AI-based technologies, and rapid deployment of smart infrastructure in residential & commercial sectors drive the growth of the global smart thermostat market.
- However, the high cost of products in emerging economies hinders the market.
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- Published Apr 8, 2021 2:30 PM GMT