Global Connected Thermostats Market Size & Outlook
Global connected thermostats market, 2021-2033 (US$M)
Related Markets
Global connected thermostats market highlights
- The global connected thermostats market generated a revenue of USD 2,309.2 million in 2024 and is expected to reach USD 8,169.7 million by 2033.
- The market is expected to grow at a CAGR (2025 - 2033) of 15% by 2033.
- In terms of segment, bluetooth thermostats accounted for a revenue of USD 1,470.8 million in 2024.
- Bluetooth Thermostats is the most lucrative connectivity technology segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2024.
- Country-wise, China is expected to register the highest CAGR from 2025 to 2033.
Global data book summary
| Market revenue in 2024 | USD 2,309.2 million |
| Market revenue in 2033 | USD 8,169.7 million |
| Growth rate | 15% (CAGR from 2025 to 2033) |
| Largest segment | Bluetooth thermostats |
| Fastest growing segment | Bluetooth Thermostats |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wi-Fi Enabled, Bluetooth Thermostats |
Other key industry trends
- In terms of revenue, the North America accounted for 35.2% of the global connected thermostats market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2033.
- By country, China is the fastest growing regional market and is projected to reach USD 1,331.0 million by 2033.
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Connected Thermostats Market Scope
Connected Thermostats Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| ecobee | View profile | 501-1000 | Toronto, Ontario, Canada, North America | https://www.ecobee.com |
| Copeland | View profile | 10001+ | St Louis, Missouri, United States, North America | https://www.copeland.com |
| Robert Bosch GmbH | View profile | - | - | - |
| Honeywell International Inc. | View profile | - | - | - |
| Hive | View profile | 251-500 | San Francisco, California, United States, North America | https://thehive.ai/ |
| Trane Technologies PLC Class A | View profile | 40000 | 170/175 Lakeview Drive, Airside Business Park, Swords County, Dublin, Ireland | https://www.tranetechnologies.com |
| Carrier Global Corp Ordinary Shares | View profile | 53000 | 13995 Pasteur Boulevard, Palm Beach Gardens, FL, United States, 33418 | https://www.corporate.carrier.com |
Global connected thermostats market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to connected thermostats market will help companies and investors design strategic landscapes.
Bluetooth thermostats was the largest segment with a revenue share of 63.69% in 2024. Horizon Databook has segmented the Global connected thermostats market based on wi-fi enabled, bluetooth thermostats covering the revenue growth of each sub-segment from 2021 to 2033.
- Global Connected Thermostats Connectivity Technology Outlook (Revenue, USD Million, 2021-2033)
- Wi-Fi Enabled
- Bluetooth Thermostats
- Global Connected Thermostats Distribution Channel Outlook (Revenue, USD Million, 2021-2033)
- Online
- Retail Stores
- Wholesale Stores
- Others
- Global Connected Thermostats Application Outlook (Revenue, USD Million, 2021-2033)
- New Construction
- Retrofit & Renovation
- Global Connected Thermostats End Use Outlook (Revenue, USD Million, 2021-2033)
- Commercial
- Residential
- Industrial
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Horizon Databook provides a detailed overview of global-level data and insights on the Global connected thermostats market , including forecasts for subscribers. This global databook contains high-level insights into Global connected thermostats market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Global connected thermostats market size, by regions, 2021-2033 (US$M)
Top 10 countries: Connected thermostats market size, 2024 (US$M)
Global connected thermostats market share, by connectivity technology, 2024 & 2033 (%, US$M)
Connected thermostats market: Opportunity assessment by country
Global connected thermostats market, by region, 2024 (US$M)
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