Report Update: Jan 1, 2025

World - Thermostats - Market Analysis, Forecast, Size, Trends and Insights

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Thermostat market

Thermostat market: get the most recent facts and figures secured by an Ai-driven market intelligence tool. Statistics include companies, imports, trade, production, exports, market size, market prices, and consumption. Here is a split by region, including EU, Latin America, China, the U.S., the Middle East, the U.K., Russia, and Africa. Market trends and outlook to 2030 are also featured in the reports.

Thermostat - World's Largest Markets

Rating	Country
1	India
2	China
3	United States
4	Thailand
5	Germany

In value terms, India, China and the United States were the countries with the highest levels of market value in 2020, together accounting for 28% of the global market. Thailand, Germany, the UK, France, Japan, Mexico, Italy, Turkey and Hong Kong SAR lagged somewhat behind, together accounting for a further 22%.

In terms of the main consuming countries, Thailand (+131.1% per year) recorded the highest growth rate of market size, over the period under review, while thermostat market for the other global leaders experienced more modest paces of growth.

Thermostat Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
Japan	1.4	1.5	1.4	2.2%
Hong Kong SAR	1.7	1.9	1.5	-6.0%
China	2.5	1.9	1.7	-18.4%
Malaysia	3.8	1.7	1.7	-32.8%
Croatia	1.9	1.9	1.9	-1.8%
Czech Republic	3.4	2	2.9	-7.7%
South Korea	5.2	4.4	3.7	-15.4%
Netherlands	4.8	4.3	3.7	-11.9%
France	4.2	4.4	5.5	14.0%
Italy	5.5	5.6	5.7	2.1%
Germany	5.2	5.2	6	7.9%
United States	6.2	7.3	6.8	4.7%
Mexico	7.6	9.1	8.4	5.4%
Average	3.7	3.7	3.6	-2.0%

Prices varied noticeably by the country of origin; the country with the highest price was Mexico ($8.4 per unit), while Japan ($1.4 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by France, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
United States	8.6	9.4	8.9	1.7%
France	8.9	9.5	7.4	-9.1%
Poland	3.2	3.8	4.2	13.8%
Mexico	6.6	7.5	4	-22.1%
China	2.3	2.8	3.7	28.4%
Germany	3.6	3.6	3.7	1.1%
Italy	3.5	3.3	3.7	2.9%
Czech Republic	2.6	2.2	2.3	-5.3%
Romania	1.7	1.8	2	9.6%
Turkey	1.4	1.4	1.2	-5.7%
Hong Kong SAR	0.9	1.1	1.1	9.6%
Malaysia	1.5	1.5	1	-18.7%
Thailand	33	28	0.3	-90.0%
Average	3.7	4.1	3.9	2.4%

Prices varied noticeably by the country of destination; the country with the highest price was the United States ($8.9 per unit), while Thailand ($0.3 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Thermostat - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
United States	1.1	1.1	1	-3.7%
Germany	0.4	0.4	0.4	-1.4%
China	0.3	0.3	0.3	7.7%
Hong Kong SAR	0.2	0.2	0.2	-10.7%
France	0.2	0.2	0.2	3.6%

In value terms, the United States ($981M) constitutes the largest market for imported thermostats worldwide, comprising 23% of global imports. The second position in the ranking was occupied by Germany ($406M), with a 9.6% share of global imports. It was followed by China, with a 7.2% share.

From 2018 to 2020, the average annual growth rate of value in the United States totaled -3.7%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-1.4% per year) and China (+7.7% per year).

Thermostat - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
Germany	0.6	0.6	0.6	-0.6%
China	0.8	0.6	0.6	-13.8%
Mexico	0.5	0.6	0.5	-2.2%
United States	0.2	0.3	0.2	-2.1%
France	0.2	0.2	0.2	-2.5%

In value terms, Germany ($565M), China ($559M) and Mexico ($489M) were the countries with the highest levels of exports in 2020, with a combined 45% share of global exports. The United States, France, Hong Kong SAR, Italy, the Czech Republic, Japan, South Korea, the Netherlands, Croatia and Malaysia lagged somewhat behind, together accounting for a further 35%.

Malaysia saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

Thermostat - Market Forecast

Driven by increasing demand for thermostat worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Thermostat - Top Companies

Schneider Electric Holdings, Inc., Daikin Europe NV, Zhejiang Sanhua Intelligent Controls Co., Ltd., Invensys Processs Systems, Inc., Datang Environment Industry Group Co., Ltd., Schneider Electric Buildings Americas, Inc., Vivint, Inc., Nvent Thermal LLC, Therm-O-Disc, Incorporated, Ascent Capital Group, Inc., Qinhuangdao Shanhaiguan Rubber Shock Absorber Factory, Ruskin Company, FRIGOGLASS S.A.I.C., PANASONIC ECOLOGY SYSTEMS CO.,LTD., LSB Industries, Inc., Continental Automotive Electronics LLC, Create Technology and Science Co., Ltd., JOHNSON CONTROLS, K.K., FUJIKOKI CORPORATION, Schneider Electric Buildings, LLC

Thermostat - Product Coverage

HS 903210 - Regulating or controlling instruments and apparatus; automatic type, thermostats

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global thermostat market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26517015 - Electronic thermostats
Prodcom 26517019 - Non-electronic thermostats

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Imports, In Physical Terms, By Country, 2012–2024
7. Imports, In Value Terms, By Country, 2012–2024
8. Import Prices, By Country Of Destination, 2012–2024
9. Exports, In Physical Terms, By Country, 2012–2024
10. Exports, In Value Terms, By Country, 2012–2024
11. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2024
18. Production, In Value Terms, 2012–2024
19. Production, By Country, 2024
20. Production, In Physical Terms, By Country, 2012–2024
21. Imports, In Physical Terms, 2012–2024
22. Imports, In Value Terms, 2012–2024
23. Imports, In Physical Terms, By Country, 2024
24. Imports, In Physical Terms, By Country, 2012–2024
25. Imports, In Value Terms, By Country, 2012–2024
26. Import Prices, By Country, 2012–2024
27. Exports, In Physical Terms, 2012–2024
28. Exports, In Value Terms, 2012–2024
29. Exports, In Physical Terms, By Country, 2024
30. Exports, In Physical Terms, By Country, 2012–2024
31. Exports, In Value Terms, By Country, 2012–2024
32. Export Prices, 2012–2024