The global thermostat market is anticipated to grow at a CAGR of around 9.5% during the forecast period 2020 to 2027 and to reach around US$ 7.1 Bn by 2027.
Market Dynamics
Government of developed and developing countries is focused on development of smart grid for better transmission and distribution, coupled with adoption of smart, energy efficient technologies is expected to increase demand for thermostat which is expected to drive the growth of the global market.
Major players focus on business development activities through strategic merger and acquisition in order to enhance the product portfolio and increase the customer base is expected to further support the growth of the global market. Major players are focused on increasing the business presence they are inclining towards acquiring small and mid-size enterprises and increasing their regional presence.
- In 2020 AutoGrid partnered with Schneider Electric in order to help energy providers integrate customer-owned or -operated flexible distributed energy resources (DERs) into their distribution management operations. This is expected to increase the demand for thermostat and help company to enhance its profit ratio.
- In 2017 Schneider Electric, partnered with Arcadia Power, a nationwide energy-as-a-service company, in order to enable U.S. customers to outfit their homes with Schneider Electric's Wiser Air™ WiFi Smart Thermostat. This will help the company to strengthen its position in US market.
Flourishing construction sector across the globe, increase in construction and reconstruction activities, coupled with deployment of smart thermostat in order to regulate the in house heating and cooling temperature automatically are among other important factors expected to further support the target market growth.
However, factors such as technological glitches and high cost associated to installation and maintenance are expected to hamper the growth of global thermostat market. Problems related to product such as false trigging of switches by sensors is limiting the adoption of the product.
Rapid technological advancements, new product offerings and inclination towards business expansion through strategic merger are factors responsible to create new opportunities for players over the forecast period.
- In 2017 Tantalus system a leading provider of smart grid solutions for electric and multi-commodity utilities acquired Energate, Inc., management solution company. This will help the company to expand its product portfolio and strengthen its position in the global market.
Thermostat Market Segment Analysis, 2019
The global thermostat market is segmented into product, distribution channel, mode of operation, and application. The product segment is bifurcated into smart thermostat, mechanical thermostat, programmable thermostat, and others. Among application the commercial sector is expected to account for major revenue share in the global market.
Segment Analysis by Region
The market in North America is expected to account for major revenue share owing to presence of major players operating in the country. In addition, availability of advanced infrastructure in order to support the adoption of advanced devices is expected to further support the growth of target market in this region.
Asia Pacific is expected to witness faster growth in the near future owing to high government spending on development of smart grid infrastructure. In addition, major players approach towards emerging economies in order to track the untapped market is expected to further support the growth of target market.
Competitive Landscape
Presence of large number of players operating on regional and international level is increasing the competition. In addition, business development activities and introduction of new apps and payment system are factors further augmenting the market competition.
Report coverage
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Market
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Global Thermostat Market
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Analysis Period
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2016 – 2027
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Base Year
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2019
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Forecast Data
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2020 – 2027
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Market Stratification
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Device, Distribution Channel, Mode of Operation, Application and Geography
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Regional Scope
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North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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Report Coverage
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Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
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The market research study on “Thermostat Market (Device: Smart thermostat, Mechanical thermostat, Programmable thermostat, and Others; Distribution Channel: Utility, Retail, Security, and HVAC; Mode of Operation: Low voltage, Line voltage, and Millivolt Application: Residential, Commercial, and Industrial) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global thermostat market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global thermostat market device, distribution channel, mode of operation, application and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global thermostat market size and segment markets by device, distribution channel, mode of operation, application and geography along with the information on companies operating in the market. The thermostat market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report Nest, Trane, Energate, Legrand SA, Alarm.com, Schneider Electric, Nortek Security & Control, LLC, Radio Thermostat Company of America, Computime, Johnson Controls, Inc., Danfoss, Carrier Corporation, Emerson Electric Co., and Vulcanic Group
Market Segmentation
Market By Device
- Smart thermostat
- Mechanical thermostat
- Programmable thermostat
- Others
Market By Distribution Channel
- Utility
- Retail
- Security
- HVAC
Market By Mode of Operation
- Low voltage
- Line voltage
- Millivolt
Market By Application
- Residential
- Commercial
- Industrial
Market By Region
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest if Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Meddle East & Africa
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Thermostat
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Thermostat Market By Device
1.2.2.1. Global Thermostat Market Revenue and Growth Rate Comparison By Device (2016-2027)
1.2.2.2. Global Thermostat Market Revenue Share By Device in 2019
1.2.2.3. Smart thermostat
1.2.2.4. Mechanical thermostat
1.2.2.5. Programmable thermostat
1.2.2.6. Others
1.2.3. Thermostat Market By Distribution Channel
1.2.3.1. Global Thermostat Market Revenue and Growth Rate Comparison By Distribution Channel (2016-2027)
1.2.3.1.1. Utility
1.2.3.1.2. Retail
1.2.3.1.3. Security
1.2.3.1.4. HVAC
1.2.4. Thermostat Market By Mode of Operation
1.2.4.1. Global Thermostat Market Revenue and Growth Rate Comparison By Mode of Operation (2016-2027)
1.2.4.2. Low voltage
1.2.4.3. Line voltage
1.2.4.4. Millivolt
1.2.5. Thermostat Market By Application
1.2.5.1. Global Thermostat Market Revenue and Growth Rate Comparison By Application (2016-2027)
1.2.5.2. Residential
1.2.5.3. Commercial
1.2.5.4. Industrial
1.2.6. Thermostat Market By Geography
1.2.6.1. Global Thermostat Market Revenue and Growth Rate Comparison by Geography (2016-2027)
1.2.6.2. North America Thermostat Market Revenue and Growth Rate(2016-2027)
1.2.6.3. Europe Thermostat Market Revenue and Growth Rate(2016-2027)
1.2.6.4. Asia-Pacific Thermostat Market Revenue and Growth Rate(2016-2027)
1.2.6.5. Latin America Thermostat Market Revenue and Growth Rate(2016-2027)
1.2.6.6. Middle East and Africa (MEA) Thermostat Market Revenue and Growth Rate(2016-2027)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2019
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Thermostat Major Manufacturers in 2019
3.2. Manufacturing Plants Distribution of Global Thermostat Major Manufacturers in 2019
3.3. R&D Status and Technology Source of Global Thermostat Major Manufacturers in 2019
3.4. Raw Materials Sources Analysis of Global Thermostat Major Manufacturers in 2019
CHAPTER 4. THERMOSTAT MARKET BY DEVICE
4.1. Global Thermostat Revenue By Device
4.2. Smart thermostat
4.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.3. Mechanical thermostat
4.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.4. Programmable thermostat
4.4.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.5. Others
4.5.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 5. THERMOSTAT MARKET BY DISTRIBUTION CHANNEL
5.1. Global Thermostat Revenue By Distribution Channel
5.2. Utility
5.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.3. Retail
5.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.4. Security
5.4.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.5. HVAC
5.5.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 6. THERMOSTAT MARKET BY MODE OF OPERATION
6.1. Global Thermostat Revenue By Mode of Operation
6.2. Low voltage
6.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
6.3. Line voltage
6.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
6.4. Millivolt
6.4.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 7. THERMOSTAT MARKET BY APPLICATION
7.1. Global Thermostat Revenue By Application
7.2. Residential
7.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
7.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
7.3. Commercial
7.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
7.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
7.4. Industrial
7.4.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
7.4.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 8. NORTH AMERICA THERMOSTAT MARKET BY COUNTRY
8.1. North America Thermostat Market Revenue and Growth Rate, 2016 - 2027 ($Million)
8.2. North America Thermostat Market Revenue Share Comparison, 2016 & 2027 (%)
8.3. U.S.
8.3.1. U.S. Thermostat Market Revenue and Forecast By Device, 2016 - 2027 ($Million)
8.3.2. Market Revenue and Forecast By Distribution Channel, 2016 - 2027 ($Million)
8.3.3. Market Revenue and Forecast By Mode of Operation, 2016 - 2027 ($Million)
8.3.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.4. Canada
8.4.1. Market Revenue and Forecast By Device, 2016 - 2027 ($Million)
8.4.2. Market Revenue and Forecast By Distribution Channel, 2016 - 2027 ($Million)
8.4.3. Market Revenue and Forecast By Mode of Operation, 2016 - 2027 ($Million)
8.4.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
CHAPTER 9. EUROPE THERMOSTAT MARKET BY COUNTRY
9.1. Europe Thermostat Market Revenue and Growth Rate, 2016 - 2027 ($Million)
9.2. Europe Thermostat Market Revenue Share Comparison, 2016 & 2027 (%)
9.3. UK
9.3.1. Market Revenue and Forecast By Device, 2016 - 2027 ($Million)
9.3.2. Market Revenue and Forecast By Distribution Channel, 2016 - 2027 ($Million)
9.3.3. Market Revenue and Forecast By Mode of Operation, 2016 - 2027 ($Million)
9.3.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.4. Germany
9.4.1. Market Revenue and Forecast By Device, 2016 - 2027 ($Million)
9.4.2. Market Revenue and Forecast By Distribution Channel, 2016 - 2027 ($Million)
9.4.3. Market Revenue and Forecast By Mode of Operation, 2016 - 2027 ($Million)
9.4.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.5. France
9.5.1. Market Revenue and Forecast By Device, 2016 - 2027 ($Million)
9.5.2. Market Revenue and Forecast By Distribution Channel, 2016 - 2027 ($Million)
9.5.3. Market Revenue and Forecast By Mode of Operation, 2016 - 2027 ($Million)
9.5.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.6. Spain
9.6.1. Market Revenue and Forecast By Device, 2016 - 2027 ($Million)
9.6.2. Market Revenue and Forecast By Distribution Channel, 2016 - 2027 ($Million)
9.6.3. Market Revenue and Forecast By Mode of Operation, 2016 - 2027 ($Million)
9.6.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.7. Rest of Europe
9.7.1. Market Revenue and Forecast By Device, 2016 - 2027 ($Million)
9.7.2. Market Revenue and Forecast By Distribution Channel, 2016 - 2027 ($Million)
9.7.3. Market Revenue and Forecast By Mode of Operation, 2016 - 2027 ($Million)
9.7.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
CHAPTER 10. ASIA-PACIFIC THERMOSTAT MARKET BY COUNTRY
10.1. Asia-Pacific Thermostat Market Revenue and Growth Rate, 2016 - 2027 ($Million)
10.2. Asia-Pacific Thermostat Market Revenue Share Comparison, 2016 & 2027 (%)
10.3. China
10.3.1. Market Revenue and Forecast By Device, 2016 - 2027 ($Million)
10.3.2. Market Revenue and Forecast By Distribution Channel, 2016 - 2027 ($Million)
10.3.3. Market Revenue and Forecast By Mode of Operation, 2016 - 2027 ($Million)
10.3.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
10.4. Japan
10.4.1. Market Revenue and Forecast By Device, 2016 - 2027 ($Million)
10.4.2. Market Revenue and Forecast By Distribution Channel, 2016 - 2027 ($Million)
10.4.3. Market Revenue and Forecast By Mode of Operation, 2016 - 2027 ($Million)
10.4.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
10.5. India
10.5.1. Market Revenue and Forecast By Device, 2016 - 2027 ($Million)
10.5.2. Market Revenue and Forecast By Distribution Channel, 2016 - 2027 ($Million)
10.5.3. Market Revenue and Forecast By Mode of Operation, 2016 - 2027 ($Million)
10.5.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
10.6. Australia
10.6.1. Market Revenue and Forecast By Device, 2016 - 2027 ($Million)
10.6.2. Market Revenue and Forecast By Distribution Channel, 2016 - 2027 ($Million)
10.6.3. Market Revenue and Forecast By Mode of Operation, 2016 - 2027 ($Million)
10.6.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
10.7. South Korea
10.7.1. Market Revenue and Forecast By Device, 2016 - 2027 ($Million)
10.7.2. Market Revenue and Forecast By Distribution Channel, 2016 - 2027 ($Million)
10.7.3. Market Revenue and Forecast By Mode of Operation, 2016 - 2027 ($Million)
10.7.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
10.8. Rest of Asia-Pacific
10.8.1. Market Revenue and Forecast By Device, 2016 - 2027 ($Million)
10.8.2. Market Revenue and Forecast By Distribution Channel, 2016 - 2027 ($Million)
10.8.3. Market Revenue and Forecast By Mode of Operation, 2016 - 2027 ($Million)
10.8.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
CHAPTER 11. LATIN AMERICA THERMOSTAT MARKET BY COUNTRY
11.1. Latin America Thermostat Market Revenue and Growth Rate, 2016 - 2027 ($Million)
11.2. Latin America Thermostat Market Revenue Share Comparison, 2016 & 2027 (%)
11.3. Brazil
11.3.1. Market Revenue and Forecast By Device, 2016 - 2027 ($Million)
11.3.2. Market Revenue and Forecast By Distribution Channel, 2016 - 2027 ($Million)
11.3.3. Market Revenue and Forecast By Mode of Operation, 2016 - 2027 ($Million)
11.3.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
11.4. Mexico
11.4.1. Market Revenue and Forecast By Device, 2016 - 2027 ($Million)
11.4.2. Market Revenue and Forecast By Distribution Channel, 2016 - 2027 ($Million)
11.4.3. Market Revenue and Forecast By Mode of Operation, 2016 - 2027 ($Million)
11.4.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
11.5. Rest of Latin America
11.5.1. Market Revenue and Forecast By Device, 2016 - 2027 ($Million)
11.5.2. Market Revenue and Forecast By Distribution Channel, 2016 - 2027 ($Million)
11.5.3. Market Revenue and Forecast By Mode of Operation, 2016 - 2027 ($Million)
11.5.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
CHAPTER 12. MIDDLE EAST & AFRICA THERMOSTAT MARKET BY COUNTRY
12.1. Middle East & Africa Thermostat Market Revenue and Growth Rate, 2016 - 2027 ($Million)
12.2. Middle East & Africa Thermostat Market Revenue Share Comparison, 2016 & 2027 (%)
12.3. GCC
12.3.1. Market Revenue and Forecast By Device, 2016 - 2027 ($Million)
12.3.2. Market Revenue and Forecast By Distribution Channel, 2016 - 2027 ($Million)
12.3.3. Market Revenue and Forecast By Mode of Operation, 2016 - 2027 ($Million)
12.3.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
12.4. South Africa
12.4.1. Market Revenue and Forecast By Device, 2016 - 2027 ($Million)
12.4.2. Market Revenue and Forecast By Distribution Channel, 2016 - 2027 ($Million)
12.4.3. Market Revenue and Forecast By Mode of Operation, 2016 - 2027 ($Million)
12.4.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
12.5. Rest of Middle East & Africa
12.5.1. Market Revenue and Forecast By Device, 2016 - 2027 ($Million)
12.5.2. Market Revenue and Forecast By Distribution Channel, 2016 - 2027 ($Million)
12.5.3. Market Revenue and Forecast By Mode of Operation, 2016 - 2027 ($Million)
12.5.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
CHAPTER 13. COMPANY PROFILE
13.1. Trane
13.1.1. Company Snapshot
13.1.2. Overview
13.1.3. Financial Overview
13.1.4. Type Portfolio
13.1.5. Key Developments
13.1.6. Strategies
13.2. Energate
13.2.1. Company Snapshot
13.2.2. Overview
13.2.3. Financial Overview
13.2.4. Type Portfolio
13.2.5. Key Developments
13.2.6. Strategies
13.3. Legrand SA
13.3.1. Company Snapshot
13.3.2. Overview
13.3.3. Financial Overview
13.3.4. Type Portfolio
13.3.5. Key Developments
13.3.6. Strategies
13.4. Alarm.com
13.4.1. Company Snapshot
13.4.2. Overview
13.4.3. Financial Overview
13.4.4. Type Portfolio
13.4.5. Key Developments
13.4.6. Strategies
13.5. Schneider Electric
13.5.1. Company Snapshot
13.5.2. Overview
13.5.3. Financial Overview
13.5.4. Type Portfolio
13.5.5. Key Developments
13.5.6. Strategies
13.6. Nortek Security & Control
13.6.1. Company Snapshot
13.6.2. Overview
13.6.3. Financial Overview
13.6.4. Type Portfolio
13.6.5. Key Developments
13.6.6. Strategies
13.7. Radio Thermostat Company of America
13.7.1. Company Snapshot
13.7.2. Overview
13.7.3. Financial Overview
13.7.4. Type Portfolio
13.7.5. Key Developments
13.7.6. Strategies
13.8. Computime
13.8.1. Company Snapshot
13.8.2. Overview
13.8.3. Financial Overview
13.8.4. Type Portfolio
13.8.5. Key Developments
13.8.6. Strategies
13.9. Johnson Controls, Inc.
13.9.1. Company Snapshot
13.9.2. Overview
13.9.3. Financial Overview
13.9.4. Type Portfolio
13.9.5. Key Developments
13.9.6. Strategies
13.10. Danfoss
13.10.1. Company Snapshot
13.10.2. Overview
13.10.3. Financial Overview
13.10.4. Type Portfolio
13.10.5. Key Developments
13.10.6. Strategies
13.11. Others
13.11.1. Company Snapshot
13.11.2. Overview
13.11.3. Financial Overview
13.11.4. Type Portfolio
13.11.5. Key Developments
13.11.6. Strategies
CHAPTER 14. RESEARCH APPROACH
14.1. Research Methodology
14.1.1. Initial Data Search
14.1.2. Secondary Research
14.1.3. Primary Research
14.2. Assumptions and Scope
