Smart Home Weather Stations and Rain Gauge Market to grow by USD 69.7 mn | Product Innovation in Terms of Technology, Performance, Features, and Design to Drive Growth |Technavio
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Smart Home Weather Stations and Rain Gauge Market: Driver and Challenge
Product innovation in terms of technology, performance, features, and design is driving the growth of the smart home weather stations and rain gauge market. Vendors are focusing on technological innovations to enhance the functionality of smart products. Consumers are interested in the concept of controlling home products through the internet and smartphones. For instance, NETATMO personal weather station comes with two main sensor units to measure the weather conditions outside and the environment within the home. Users can have a direct overview of data such as outdoor temperature, outdoor relative humidity, and others on smartphones. These innovations are driving the market growth.
High prices limiting consumer adoption in the mass segment are challenging the smart home weather stations and rain gauge market growth. This segment is highly price-sensitive, as the consumers opt for traditional alternatives instead of advanced and smart devices. The inclusion of overhead costs makes smart home weather stations and rain gauge devices unaffordable for the mass segment. These costs include installation costs, internet charges, and other smart home setup and installation of devices.
Major Smart Home Weather Stations and Rain Gauge Companies:
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Smart Home Weather Stations And Rain Gauge Market Distribution Channel Outlook (Revenue, USD mn, 2021-2026)
Smart Home Weather Stations And Rain Gauge Market Product Outlook (Revenue, USD mn, 2021-2026)
Smart Home Weather Stations And Rain Gauge Market Geography Outlook (Revenue, USD mn, 2021-2026)
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Accelerate at a CAGR of 8.07%
North America, Europe, APAC, South America, and Middle East and Africa
US, China, UK, Germany, and France
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
ARCHOS SA, BARANI DESIGN Technologies sro, BloomSky Inc., Campbell Scientific Inc., Chaney Instrument Co., Davis Instruments Corp., Goap d.o.o. Nova Gorica, Headwind Consumer Products, Hunan Rika Electronic Tech Co. Ltd., Kkmoon SA, La Crosse Technology Ltd., Legrand SA, Nielsen Kellerman Co., Oregon Scientific Global Distribution Ltd., Popp and Co., SPI Home, The Wind and Weather Inc., ThermoPro, and WeatherFlow Inc.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview
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Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Distribution Channel
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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