As we enter 2023, with people increasingly seeking a higher quality of life, the integration of smart home technology is making homes more intelligent and convenient. These technologies help users better manage their homes, such as controlling lights, speakers, and temperature, thus improving our quality of life. A smart thermostat is one such device for controlling home temperature.

Also known as a smart fan coil unit thermostat, a smart thermostat is a control component of central air conditioning systems and can be used in all scenarios where central air conditioning is used. It records the user's indoor temperature data, intelligently recognizes user habits, and adjusts the room temperature to the most comfortable state.

Furthermore, smart thermostats can help users save significant amounts on electricity bills. Once the user sets the temperature, the smart thermostat uses sensors and other devices to detect whether the user is still at home and intelligently adjusts the home temperature accordingly. The thermostat's intelligence allows the device to learn the user's daily routines so that it automatically adjusts the temperature before the user returns home.

Most smart thermostats on the market use communication methods such as Wi-Fi, Bluetooth, infrared, ZigBee, and Z-Wave. Their internal structure mainly consists of a temperature sensor, controller, display, battery, and communication module. The most crucial components are the temperature sensor and controller. The temperature sensor detects the outside temperature, and the controller controls the indoor temperature.

The advantages of smart thermostats, besides energy savings and temperature control, include better safety, convenience, and improved programmability. They can be customized to individual user habits to create personalized temperature control strategies.

However, smart thermostats also have some drawbacks. For example, they are relatively expensive. Globally, different brands and models of smart thermostats typically cost between 0 and 0.

Furthermore, installing smart thermostats is not user-friendly for ordinary users. They need to be integrated with the user's home's electrical and heating systems, requiring some professional knowledge and skills. For example, understanding which wires correspond to the power terminals, load terminals, and sensor terminals on the smart thermostat is crucial. Incorrect wiring can damage the thermostat's load and, in severe cases, even cause a fire.

Furthermore, since most smart thermostats use wireless connections, manual adjustments are required if the connection drops due to unstable home network connectivity. However, overall, the advantages of smart thermostats outweigh the disadvantages, providing users with a better home experience.

From a market perspective, the global smart thermostat market is currently experiencing rapid growth. According to MarketsandMarkets data, the market size is projected to reach .4 billion by 2026, with a CAGR of 20.8%. Statista data shows that the smart thermostat market is growing faster in North America, and is expected to reach billion by 2030, with a CAGR of 28.2%.

Currently, Nest is the largest manufacturer in the smart thermostat market, accounting for 23% of production. Other leading manufacturers include EcoBee, Honeywell, Emerson, Carrier, Energate Inc., Tado GmbH, Control4, Netatmo, and Hive Home.

Domestic companies such as Xiamen Xinheda Electronics, Shenzhen Rishenghua Technology, and Nanjing Saigu Control Equipment have all dabbled in smart thermostats. However, compared to the sleek and stylish products from international companies like Nest, most domestic smart thermostats resemble traditional central air conditioning control panels, exhibiting some design differences.

Smart thermostats play a crucial role in whole-house smart home systems. They not only regulate the home's temperature using algorithms and sensors but also improve energy efficiency and reduce emissions, contributing to the goal of future carbon neutrality. In the future, smart thermostats, through heating and cooling systems, can save smart home users up to 50% on energy.

It is projected that by 2050, the penetration rate of smart thermostats will increase from the current 3% to 55%-59% of households with network coverage, improving the energy efficiency of 1.4-1.5 billion households.