Report Update Jan 1, 2025

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

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Ireland: Thermostat Market 2025

Thermostat Market Size in Ireland

The Irish thermostat market soared to $X in 2021, jumping by 59% against the previous year. Over the period under review, consumption, however, recorded a mild shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Thermostat Production in Ireland

In value terms, thermostat production totaled $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. Over the period under review, production reached the peak level in 2021 and is likely to see gradual growth in years to come.

Thermostat Exports

Exports from Ireland

In 2021, shipments abroad of thermostats increased by 1,892% to X units for the first time since 2016, thus ending a four-year declining trend. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, thermostat exports surged to $X in 2021. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X units) was the main destination for thermostat exports from Ireland, with a approx. 96% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +60.2%.

In value terms, the UK ($X) also remains the key foreign market for thermostats exports from Ireland.

From 2012 to 2021, the average annual growth rate of value to the UK stood at +58.0%.

Export Prices by Country

The average thermostat export price stood at $X per unit in 2021, which is down by -39.1% against the previous year. In general, the export price faced a abrupt decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 96% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to -1.4% per year.

Thermostat Imports

Imports into Ireland

In 2021, supplies from abroad of thermostats was finally on the rise to reach X units after four years of decline. Over the period under review, imports, however, recorded a pronounced descent. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, thermostat imports soared to $X in 2021. Overall, total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, 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

In 2021, China (X units) constituted the largest thermostat supplier to Ireland, with a 44% share of total imports. Moreover, thermostat imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was held by the UK (X units), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +41.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.9% per year) and the UK (-13.7% per year).

In value terms, China ($X) constituted the largest supplier of thermostats to Ireland, comprising 63% of total imports. The second position in the ranking was held by the UK ($X), with a 16% share of total imports. It was followed by Italy, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +67.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-4.2% per year) and Italy (-3.8% per year).

Import Prices by Country

In 2021, the average thermostat import price amounted to $X per unit, jumping by 41% against the previous year. In general, the import price continues to indicate buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for thermostats in the world?

The countries with the highest volumes of in 2021 were China, India and Hong Kong SAR, together comprising 42% of global consumption.

What are the largest producers of thermostats in the world?

China constituted the country with the largest volume of thermostat production, comprising approx. 38% of total volume. Moreover, thermostat production in China exceeded the figures recorded by the second-largest producer, India, twofold. Mexico ranked third in terms of total production with a 5.9% share.

What are the leading suppliers of thermostats to Ireland?

In value terms, China constituted the largest supplier of thermostat to Ireland, comprising 63% of total imports. The second position in the ranking was occupied by the UK, with a 16% share of total imports. It was followed by Italy, with a 5.2% share.

What are the leading importers of thermostats from Ireland?

In value terms, the UK remains the key foreign market for thermostat exports from Ireland, comprising 93% of total exports. The second position in the ranking was occupied by the Czech Republic, with a 0.5% share of total exports.

What is the average export price for thermostats in Ireland?

In 2021, the average thermostat export price amounted to $6.5 per unit, jumping by 26% against the previous year.

What is the average import price for thermostats in Ireland?

The average thermostat import price stood at $2.3 per unit in 2021, with an increase of 10% against the previous year.

This report provides an in-depth analysis of the thermostat market in Ireland. 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:

Ireland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ireland
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. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
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
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 In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024