EU: Thermostat Market 2025

Thermostat Market Size in the EU

In 2021, the EU thermostat market increased by 29% to $X, rising for the second year in a row after four years of decline. The market value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Thermostat Production in the EU

In value terms, thermostat production shrank to $X in 2021 estimated in export price. Overall, production, however, showed a pronounced downturn. The pace of growth appeared the most rapid in 2018 with an increase of 10%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Thermostat Exports

Exports in the EU

Thermostat exports rose notably to X units in 2021, increasing by 8.3% compared with the year before. In general, exports, however, recorded a mild shrinkage. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, thermostat exports surged to $X in 2021. The total export value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany was the key exporting country with an export of around X units, which amounted to 29% of total exports. France (X units) took a 14% share (based on physical terms) of total exports, which put it in second place, followed by Italy (13%), the Czech Republic (10%), Croatia (10%) and Luxembourg (5.9%). Spain (X units) followed a long way behind the leaders.

Exports from Germany decreased at an average annual rate of -3.5% from 2012 to 2021. At the same time, Croatia (+44.2%), Spain (+6.7%) and France (+1.4%) displayed positive paces of growth. Moreover, Croatia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +44.2% from 2012-2021. By contrast, Italy (-1.2%), the Czech Republic (-1.7%) and Luxembourg (-4.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Croatia, France and Spain increased by +9.7, +3.2 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest thermostat supplier in the European Union, comprising 36% of total exports. The second position in the ranking was held by Italy ($X), with a 14% share of total exports. It was followed by France, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany stood at +3.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+1.8% per year) and France (+1.4% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2021, picking up by 15% against the previous year. Over the last nine years, it increased at an average annual rate of +3.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.2%), while the other leaders experienced more modest paces of growth.

Thermostat Imports

Imports in the EU

In 2021, the amount of thermostats imported in the European Union skyrocketed to X units, increasing by 20% against the previous year. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, thermostat imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany was the largest importing country with an import of about X units, which amounted to 36% of total imports. Italy (X units) ranks second in terms of the total imports with a 13% share, followed by Poland (9.7%), France (8.3%), Romania (7.4%) and the Czech Republic (6.6%). Spain (X units) held a relatively small share of total imports.

Germany experienced a relatively flat trend pattern with regard to volume of imports of thermostats. At the same time, Spain (+6.6%), Poland (+4.8%), Romania (+4.2%) and France (+1.8%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of +6.6% from 2012-2021. By contrast, the Czech Republic (-3.2%) and Italy (-3.8%) illustrated a downward trend over the same period. While the share of Poland (+3.8 p.p.), Romania (+2.7 p.p.), Germany (+2.1 p.p.) and France (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the Czech Republic (-1.6 p.p.) and Italy (-4.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported thermostats in the European Union, comprising 27% of total imports. The second position in the ranking was taken by France ($X), with a 12% share of total imports. It was followed by Italy, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany stood at +4.6%. The remaining importing countries recorded the following average annual rates of imports growth: France (+5.4% per year) and Italy (+2.6% per year).

Import Prices by Country

The import price in the European Union stood at $X per unit in 2021, almost unchanged from the previous year. Import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, thermostat import price increased by +60.8% against 2012 indices. The pace of growth was the most pronounced in 2017 an increase of 11%. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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