Thermostats Market
Thermostats Market Global Industry Assessment & Forecast
#
Pages:
169
2021
Nov - 2021
VMR-2021-0788
Segments Covered
By
Product Wired Networking
Wireless Network
-
By
Application Residential, Commercial, Industrial, Other
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
2.5 Billion |
 Revenue 2028:
|
11.34 Billion |
 Revenue CAGR
(2021 - 2028): |
20.80% |
Fastest Growing Region (2022 -
2028)
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Global Thermostats Market: Product Segment Analysis
-
- Wired Networking Wireless Network
Global Thermostats Market: Application Segment Analysis
-
- Residential
- Commercial
- Industrial
- Other
FAQ
Frequently Asked Question
What is the global demand for Thermostats in terms of revenue?
-
The global Thermostats valued at 2.5 Billion in 2020 and is expected to reach 11.34 Billion in 2028 growing at a CAGR of 20.80%%.
Which are the prominent players in the market?
-
The prominent players in the market are Siemens, Johnson Controls, Honeywell, FOLAND, Danfoss, FSTB, Otter Controls, Schneider Electric, Ningbo Sunlight, Saswell, Development Alliance, Jiu Long Thermostat, HaiLin, Jiujiang HengTong, Strix..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 20.80%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Thermostats include
- The increasing adoption of smart homes attributed to the COVID-19 situation has primarily propelled the market growth.
- The emergence of IoT-enabled HVAC systems has increased the overall efficiency of the system, thereby acting as a key driver for the market.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Thermostats in 2020.
