We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Report World - Thermostats - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

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

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Global Thermostat Market 2024

Thermostat Market Size

In 2021, the global thermostat market increased by 5.4% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 7.2% against the previous year. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2021.

Thermostat Production

In value terms, thermostat production shrank slightly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 9.9%. Global production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Thermostat Exports

Exports

After two years of decline, shipments abroad of thermostats increased by 17% to X units in 2021. The total export volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, thermostat exports soared to $X in 2021. The total export value increased at an average annual rate of +4.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the major exporter of thermostats in the world, with the volume of exports reaching X units, which was near 36% of total exports in 2021. Hong Kong SAR (X units) took the second position in the ranking, followed by Germany (X units) and Mexico (X units). All these countries together took approx. 31% share of total exports. France (X units), Italy (X units), the United States (X units), the Czech Republic (X units), Croatia (X units) and Luxembourg (X units) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to thermostat exports from China stood at +4.3%. At the same time, Croatia (+44.2%), Mexico (+3.0%) and France (+1.4%) displayed positive paces of growth. Moreover, Croatia emerged as the fastest-growing exporter exported in the world, with a CAGR of +44.2% from 2012-2021. The United States and Hong Kong SAR experienced a relatively flat trend pattern. By contrast, Italy (-1.2%), the Czech Republic (-1.7%), Germany (-3.5%) and Luxembourg (-4.1%) illustrated a downward trend over the same period. China (+8.8 p.p.) and Croatia (+2.9 p.p.) significantly strengthened its position in terms of the global exports, while Hong Kong SAR and Germany saw its share reduced by -2.3% and -4.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Mexico ($X) were the countries with the highest levels of exports in 2021, with a combined 40% share of global exports. Italy, the United States, France, Hong Kong SAR, the Czech Republic, Croatia and Luxembourg lagged somewhat behind, together comprising a further 26%.

Croatia, with a CAGR of +34.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average thermostat export price amounted to $X per unit, rising by 6.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2014 an increase of 7.8%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Luxembourg ($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 global leaders experienced more modest paces of growth.

Thermostat Imports

Imports

In 2021, supplies from abroad of thermostats increased by 26% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, thermostat imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Hong Kong SAR (X units), followed by the United States (X units), Germany (X units), Mexico (X units), Turkey (X units), China (X units) and Paraguay (X units) were the key importers of thermostats, together mixing up 57% of total imports. The following importers - South Korea (X units), Italy (X units), Poland (X units), India (X units), France (X units) and Romania (X units) - together made up 17% of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +18.7%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported thermostats worldwide, comprising 21% of global imports. The second position in the ranking was held by Germany ($X), with a 9.9% share of global imports. It was followed by China, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +5.1%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+4.6% per year) and China (+10.5% per year).

Import Prices by Country

The average thermostat import price stood at $X per unit in 2021, dropping by -3.6% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2015 an increase of 21% against the previous year. Global import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were China, India and Hong Kong SAR, with a combined 42% share of global consumption.
China constituted the country with the largest volume of thermostat production, accounting for 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.
In value terms, Germany, China and Mexico constituted the countries with the highest levels of exports in 2021, together comprising 41% of global exports. These countries were followed by Italy, France, the United States, Hong Kong SAR, the Czech Republic, Japan, Poland, South Korea, Croatia and South Africa, which together accounted for a further 35%.
In value terms, the United States constitutes the largest market for imported thermostats worldwide, comprising 22% of global imports. The second position in the ranking was occupied by Germany, with a 10% share of global imports. It was followed by China, with a 9% share.
The average thermostat export price stood at $3.1 per unit in 2021, rising by 9.2% against the previous year.
The average thermostat import price stood at $2.9 per unit in 2021, shrinking by -3.5% against the previous year.

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 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. 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

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    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, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

Recommended reports

Asia - Thermostats - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 288

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

EU - Thermostats - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 472

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

U.S. - Thermostats - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 396

This report provides an in-depth analysis of the thermostat market in the U.S..

China - Thermostats - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 382

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

Free Data: Thermostats - World
Table
Thermostats - World - Table
Dashboard
Thermostats - World - Dashboard
Report
Thermostats - World - Report