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 9.4% during 2025-2034. 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: 2024
Historical Period: 2020-2024
Forecast Period: 2025-2034
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), 2020-2024
- Figure 2: Global Thermostat Market by Type, 2024
- Figure 3: Global Thermostat Market by Mode of Operation, 2024
- Figure 4: Global Thermostat Market by Application, 2024
- Figure 5: Global Thermostat Market by Region, 2024
- Figure 6: Global Thermostat Market (in US$ Million), 2025-2034
- Figure 7: Global Thermostat Market by Type (in %), 2024 & 2034
- Figure 8: Global Smart Thermostat Market (in US$ Million), 2020-2024
- Figure 9: Global Smart Thermostat Market (in US$ Million), 2025-2034
- Figure 10: Global Mechanical Thermostat Market (in US$ Million), 2020-2024
- Figure 11: Global Mechanical Thermostat Market (in US$ Million), 2025-2034
- Figure 12: Global Programmable Thermostat Market (in US$ Million), 2020-2024
- Figure 13: Global Programmable Thermostat Market (in US$ Million), 2025-2034
- Figure 14: Global Other Types Thermostat Market (in US$ Million), 2020-2024
- Figure 15: Global Other Types Thermostat Market (in US$ Million), 2025-2034
- Figure 16: Global Thermostat Market by Mode of Operation (in %), 2024 & 2034
- Figure 17: Global Line Voltage Thermostat Market (in US$ Million), 2020-2024
- Figure 18: Global Line Voltage Thermostat Market (in US$ Million), 2025-2034
- Figure 19: Global Low Voltage Thermostat Market (in US$ Million), 2020-2024
- Figure 20: Global Low Voltage Thermostat Market (in US$ Million), 2025-2034
- Figure 21: Global Millivolt Thermostat Market (in US$ Million), 2020-2024
- Figure 22: Global Millivolt Thermostat Market (in US$ Million), 2025-2034
- Figure 23: Global Thermostat Market by Application (in %), 2024 & 2034
- Figure 24: Global Residential Thermostat Market (in US$ Million), 2020-2024
- Figure 25: Global Residential Standby Generator Market (in US$ Million), 2025-2034
- Figure 26: Global Commercial Thermostat Market (in US$ Million), 2020-2024
- Figure 27: Global Commercial Thermostat Market (in US$ Million), 2025-2034
- Figure 28: Global Industrial Thermostat Market (in US$ Million), 2020-2024
- Figure 29: Global Industrial Thermostat Market (in US$ Million), 2025-2034
- Figure 30: Global Thermostat Market by Region (in %), 2024 & 2034
- Figure 31: Europe Thermostat Market (in US$ Million), 2020-2024
- Figure 32: Europe Thermostat Market (in US$ Million), 2025-2034
- Figure 33: Europe Thermostat Market by Country (in %), 2024 & 2034
- Figure 34: Germany Thermostat Market (in US$ Million), 2020-2034
- Figure 35: United Kingdom Thermostat Market (in US$ Million), 2020-2034
- Figure 36: France Thermostat Market (in US$ Million), 2020-2034
- Figure 37: Italy Thermostat Market (in US$ Million), 2020-2034
- Figure 38: Spain Thermostat Market (in US$ Million), 2020-2034
- Figure 39: Russia Thermostat Market (in US$ Million), 2020-2034
- Figure 40: Netherlands Thermostat Market (in US$ Million), 2020-2034
- Figure 41: North America Thermostat Market (in US$ Million), 2020-2024
- Figure 42: North America Thermostat Market (in US$ Million), 2025-2034
- Figure 43: North America Thermostat Market by Country (in %), 2024 & 2034
- Figure 44: United States Thermostat Market (in US$ Million), 2020-2034
- Figure 45: Canada Thermostat Market (in US$ Million), 2020-2034
- Figure 46: Asia Pacific Thermostat Market (in US$ Million), 2020-2024
- Figure 47: Asia Pacific Thermostat Market (in US$ Million), 2025-2034
- Figure 48: Asia Pacific Thermostat Market by Country (in %), 2024 & 2034
- Figure 49: China Thermostat Market (in US$ Million), 2020-2034
- Figure 50: Japan Thermostat Market (in US$ Million), 2020-2034
- Figure 51: India Thermostat Market (in US$ Million), 2020-2034
- Figure 52: South Korea Thermostat Market (in US$ Million), 2020-2034
- Figure 53: Australia Thermostat Market (in US$ Million), 2020-2034
- Figure 54: Indonesia Thermostat Market (in US$ Million), 2020-2034
- Figure 55: Latin America Thermostat Market (in US$ Million), 2020-2024
- Figure 56: Latin America Thermostat Market (in US$ Million), 2025-2034
- Figure 57: Latin America Thermostat Market by Country (in %), 2024 & 2034
- Figure 58: Mexico Thermostat Market (in US$ Million), 2020-2034
- Figure 59: Brazil Thermostat Market (in US$ Million), 2020-2034
- Figure 60: Argentina Thermostat Market (in US$ Million), 2020-2034
- Figure 61: Middle East & Africa Thermostat Market (in US$ Million), 2020-2024
- Figure 62: Middle East & Africa Thermostat Market (in US$ Million), 2025-2034
- Figure 63: Middle East & Africa Thermostat Market by Country (in %), 2024 & 2034
- Figure 64: Saudi Arabia Thermostat Market (in US$ Million), 2020-2034
- Figure 65: Turkey Thermostat Market (in US$ Million), 2020-2034
- Figure 66: Iran Thermostat Market (in US$ Million), 2020-2034
- Figure 67: UAE Thermostat Market (in US$ Million), 2020-2034
- Figure 68: Market Value Chain
- List of Tables
- Table 1: Global Thermostat Market Portraiture
- Table 2: Global Thermostat Market by Type (in US$ Million), 2024 & 2034
- Table 3: Global Thermostat Market by Mode of Operation (in US$ Million), 2024 & 2034
- Table 4: Global Thermostat Market by Application (in US$ Million), 2024 & 2034
- Table 5: Global Thermostat Market by Region (in US$ Million), 2024 & 2034
- Table 6: Europe Thermostat Market by Country (in US$ Million), 2024 & 2034
- Table 7: North America Thermostat Market by Country (in US$ Million), 2024 & 2034
- Table 8: Asia Pacific Thermostat Market by Country (in US$ Million), 2024 & 2034
- Table 9: Latin America Thermostat Market by Country (in US$ Million), 2024 & 2034
- Table 10: Middle East & Africa Thermostat Market by Country (in US$ Million),
- 2024 & 2034
- Table 11: List of Key Players
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