Global Thermostat Market Growth 2023-2029

Global Thermostat Market Growth 2023-2029

A thermostat is a component which senses the temperature of a physical system and performs actions so that the system's temperature is maintained near a desired setpoint. Thermostats are used in any device or system that heats or cools to a setpoint temperature, examples include building heating, central heating, air conditioners, HVAC systems, water heaters, as well as kitchen equipment including ovens and refrigerators and medical and scientific incubators.

LPI (LP Information)' newest research report, the “Thermostat Industry Forecast” looks at past sales and reviews total world Thermostat sales in 2022, providing a comprehensive analysis by region and market sector of projected Thermostat sales for 2023 through 2029. With Thermostat sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Thermostat industry.

This Insight Report provides a comprehensive analysis of the global Thermostat landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Thermostat portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Thermostat market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Thermostat and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Thermostat.

The global Thermostat market size is projected to grow from US$ 2356 million in 2022 to US$ 4858.4 million in 2029; it is expected to grow at a CAGR of 4858.4 from 2023 to 2029.

North America is the largest Thermostat Trainers market with about 47% market share. Europe is follower, accounting for about 28% market share.

The key players are Google Nest, Honeywell, EcoBee, Schneider Electric, Emerson, Carrier, Energate Inc., Tado GmbH, Control4, Netatmo, Hive Home, Trane, Johnston Controls, DANFOSS, Siemens, Saswell, Computime, Shenzhen Topband, HaiLin Energy Technology etc. Top 5 companies occupied about 57% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Thermostat market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Non-Programmable Type

Programmable Type

Smart Type

WiFi Type

Segmentation by application

Business

Industrial

Residential

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Google Nest

Honeywell

EcoBee

Schneider Electric

Emerson

Carrier

Energate Inc.

Tado GmbH

Control4

Netatmo

Hive Home

Trane

Johnston Controls

DANFOSS

Siemens

Saswell

Computime

Shenzhen Topband

HaiLin Energy Technology

Key Questions Addressed in this Report

What is the 10-year outlook for the global Thermostat market?

What factors are driving Thermostat market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Thermostat market opportunities vary by end market size?

How does Thermostat break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.