Thermostat Market: Global Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine

Thermostat Market: Global Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine


The global thermostat market is expected to grow at a CAGR of around 9.5% during 2024-2033. This report on global thermostat market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global thermostat market by segmenting the market based on type, application, mode of operation and region. Also, detailed profiles of companies operating in the thermostat market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.

Market Drivers

• Growing Demand for Efficient Devices
• Rising Urbanization and Industrialization

Market Challenges

• High Costs

Historical & Forecast Period

Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033

Market by Type

• Smart
• Mechanical
• Programmable
• Other Types

Market by Mode of Operation

• Line Voltage
• Low Voltage
• Millivolt

Market by Application

• Residential
• Commercial
• Industrial

Market by Region

• Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Netherlands
Rest of Europe
• North America
United States
Canada
• Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Rest of Asia Pacific
• Latin America
Mexico
Brazil
Argentina
Rest of Latin America
• Middle East & Africa
Saudi Arabia
Turkey
Iran
United Arab Emirates
Rest of Middle East & Africa


1. Preface
1.1 Objective
1.2 Target Audience & Key Offerings
1.3 Report’s Scope
1.4 Research Methodology
1.4.1 Phase I
1.4.2 Phase II
1.4.3 Phase III
1.5 Assumptions
2. Key Insights
3. Global Thermostat Market
3.1. Introduction
3.2. Market Drivers
3.3. Market Challenges
4. Global Thermostat Market Analysis
4.1. Market Portraiture
4.2. Market Product
4.3. Market Forecast
4.4. Impact of COVID-19
4.5. Impact of Russia-Ukraine War
5. Global Thermostat Market by Type
5.1. Introduction
5.2. Smart
5.3. Mechanical
5.4. Programmable
5.5. Other Types
6. Global Thermostat Market by Mode of Operation
6.1. Introduction
6.2. Line Voltage
6.3. Low Voltage
6.4. Millivolt
7. Global Thermostat Market by Application
7.1. Introduction
7.2. Residential
7.3. Commercial
7.4. Industrial
8. Global Thermostat Market by Region
8.1. Introduction
8.2. Europe
8.2.1. Germany
8.2.2. United Kingdom
8.2.3. France
8.2.4. Italy
8.2.5. Spain
8.2.6. Russia
8.2.7. Netherlands
8.2.8. Rest of the Europe
8.3. North America
8.3.1. United States
8.3.2. Canada
8.4. Asia Pacific
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. South Korea
8.4.5. Australia
8.4.6. Indonesia
8.4.7. Rest of the Asia Pacific
8.5. Latin America
8.5.1. Mexico
8.5.2. Brazil
8.5.3. Argentina
8.5.4. Rest of Latin America
8.6. Middle East & Africa
8.6.1. Saudi Arabia
8.6.2. Turkey
8.6.3. Iran
8.6.4. United Arab Emirates
8.6.5. Rest of Middle East & Africa
9. SWOT Analysis
10. Porter’s Five Forces
11. Market Value Chain Analysis
12. Competitive Landscape
12.1. Competitive Scenario
12.2. Company Profiles
12.2.1. Carrier Corporation
12.2.2. Danfoss
12.2.3. Emerson Electric Co.
12.2.4. Honeywell International Inc.
12.2.5. Ingersoll Rand Inc.
12.2.6. Johnson Controls
12.2.7. Nest Labs
12.2.8. Nortek Global HVAC
12.2.9. Schneider Electric
12.2.10. Sensata Technologies, Inc.
12.2.11. Siemens AG
12.2.12. Tado GmbH
List of Figures
Figure 1: Global Thermostat Market (in US$ Million), 2019-2023
Figure 2: Global Thermostat Market by Type, 2023
Figure 3: Global Thermostat Market by Mode of Operation, 2023
Figure 4: Global Thermostat Market by Application, 2023
Figure 5: Global Thermostat Market by Region, 2023
Figure 6: Global Thermostat Market (in US$ Million), 2024-2033
Figure 7: Global Thermostat Market by Type (in %), 2023 & 2033
Figure 8: Global Smart Thermostat Market (in US$ Million), 2019-2023
Figure 9: Global Smart Thermostat Market (in US$ Million), 2024-2033
Figure 10: Global Mechanical Thermostat Market (in US$ Million), 2019-2023
Figure 11: Global Mechanical Thermostat Market (in US$ Million), 2024-2033
Figure 12: Global Programmable Thermostat Market (in US$ Million), 2019-2023
Figure 13: Global Programmable Thermostat Market (in US$ Million), 2024-2033
Figure 14: Global Other Types Thermostat Market (in US$ Million), 2019-2023
Figure 15: Global Other Types Thermostat Market (in US$ Million), 2024-2033
Figure 16: Global Thermostat Market by Mode of Operation (in %), 2023 & 2033
Figure 17: Global Line Voltage Thermostat Market (in US$ Million), 2019-2023
Figure 18: Global Line Voltage Thermostat Market (in US$ Million), 2024-2033
Figure 19: Global Low Voltage Thermostat Market (in US$ Million), 2019-2023
Figure 20: Global Low Voltage Thermostat Market (in US$ Million), 2024-2033
Figure 21: Global Millivolt Thermostat Market (in US$ Million), 2019-2023
Figure 22: Global Millivolt Thermostat Market (in US$ Million), 2024-2033
Figure 23: Global Thermostat Market by Application (in %), 2023 & 2033
Figure 24: Global Residential Thermostat Market (in US$ Million), 2019-2023
Figure 25: Global Residential Standby Generator Market (in US$ Million), 2024-2033
Figure 26: Global Commercial Thermostat Market (in US$ Million), 2019-2023
Figure 27: Global Commercial Thermostat Market (in US$ Million), 2024-2033
Figure 28: Global Industrial Thermostat Market (in US$ Million), 2019-2023
Figure 29: Global Industrial Thermostat Market (in US$ Million), 2024-2033
Figure 30: Global Thermostat Market by Region (in %), 2023 & 2033
Figure 31: Europe Thermostat Market (in US$ Million), 2019-2023
Figure 32: Europe Thermostat Market (in US$ Million), 2024-2033
Figure 33: Europe Thermostat Market by Country (in %), 2023 & 2033
Figure 34: Germany Thermostat Market (in US$ Million), 2019-2033
Figure 35: United Kingdom Thermostat Market (in US$ Million), 2019-2033
Figure 36: France Thermostat Market (in US$ Million), 2019-2033
Figure 37: Italy Thermostat Market (in US$ Million), 2019-2033
Figure 38: Spain Thermostat Market (in US$ Million), 2019-2033
Figure 39: Russia Thermostat Market (in US$ Million), 2019-2033
Figure 40: Netherlands Thermostat Market (in US$ Million), 2019-2033
Figure 41: North America Thermostat Market (in US$ Million), 2019-2023
Figure 42: North America Thermostat Market (in US$ Million), 2024-2033
Figure 43: North America Thermostat Market by Country (in %), 2023 & 2033
Figure 44: United States Thermostat Market (in US$ Million), 2019-2033
Figure 45: Canada Thermostat Market (in US$ Million), 2019-2033
Figure 46: Asia Pacific Thermostat Market (in US$ Million), 2019-2023
Figure 47: Asia Pacific Thermostat Market (in US$ Million), 2024-2033
Figure 48: Asia Pacific Thermostat Market by Country (in %), 2023 & 2033
Figure 49: China Thermostat Market (in US$ Million), 2019-2033
Figure 50: Japan Thermostat Market (in US$ Million), 2019-2033
Figure 51: India Thermostat Market (in US$ Million), 2019-2033
Figure 52: South Korea Thermostat Market (in US$ Million), 2019-2033
Figure 53: Australia Thermostat Market (in US$ Million), 2019-2033
Figure 54: Indonesia Thermostat Market (in US$ Million), 2019-2033
Figure 55: Latin America Thermostat Market (in US$ Million), 2019-2023
Figure 56: Latin America Thermostat Market (in US$ Million), 2024-2033
Figure 57: Latin America Thermostat Market by Country (in %), 2023 & 2033
Figure 58: Mexico Thermostat Market (in US$ Million), 2019-2033
Figure 59: Brazil Thermostat Market (in US$ Million), 2019-2033
Figure 60: Argentina Thermostat Market (in US$ Million), 2019-2033
Figure 61: Middle East & Africa Thermostat Market (in US$ Million), 2019-2023
Figure 62: Middle East & Africa Thermostat Market (in US$ Million), 2024-2033
Figure 63: Middle East & Africa Thermostat Market by Country (in %), 2023 & 2033
Figure 64: Saudi Arabia Thermostat Market (in US$ Million), 2019-2033
Figure 65: Turkey Thermostat Market (in US$ Million), 2019-2033
Figure 66: Iran Thermostat Market (in US$ Million), 2019-2033
Figure 67: UAE Thermostat Market (in US$ Million), 2019-2033
Figure 68: Market Value Chain
List of Tables
Table 1: Global Thermostat Market Portraiture
Table 2: Global Thermostat Market by Type (in US$ Million), 2023 & 2033
Table 3: Global Thermostat Market by Mode of Operation (in US$ Million), 2023 & 2033
Table 4: Global Thermostat Market by Application (in US$ Million), 2023 & 2033
Table 5: Global Thermostat Market by Region (in US$ Million), 2023 & 2033
Table 6: Europe Thermostat Market by Country (in US$ Million), 2023 & 2033
Table 7: North America Thermostat Market by Country (in US$ Million), 2023 & 2033
Table 8: Asia Pacific Thermostat Market by Country (in US$ Million), 2023 & 2033
Table 9: Latin America Thermostat Market by Country (in US$ Million), 2023 & 2033
Table 10: Middle East & Africa Thermostat Market by Country (in US$ Million),
2023 & 2033
Table 11: List of Key Players

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