Smart thermostat market is segmented on the basis of component, network technology, application, and geography, and all the existing and emerging technologies in this market have been covered. The recently developed second-generation smart thermostats by Nest Labs (U.S.) are being adopted in the residential application as they are easy to install have an attractive look. The product components of smart thermostats include display unit, humidity sensor, temperature sensor, motion sensor, and others. The report analyzes the market for network technologies including wired and wireless technology. The wireless technology is further segmented into Wi-Fi, Zigbee, Z-Wave, and Bluetooth. This report also covers the major applications of smart thermostat such as residential, office building, industrial application, educational institution, retail, hospitality, and healthcare among others with qualitative as well as quantitative industry insights.