Europe Connected Thermostats Market Size & Outlook
The connected thermostats market in Europe is expected to reach a projected revenue of US$ 1,675.3 million by 2033. A compound annual growth rate of 14.3% is expected of Europe connected thermostats market from 2025 to 2033.
Revenue, 2024 (US$M)
$500.6
Forecast, 2033 (US$M)
$1,675.3
CAGR, 2025 - 2033
14.3%
Report Coverage
Europe
Global Market
Related Markets
Europe connected thermostats market highlights
- The Europe connected thermostats market generated a revenue of USD 500.6 million in 2024.
- The market is expected to grow at a CAGR of 14.3% from 2025 to 2033.
- In terms of segment, bluetooth thermostats was the largest revenue generating connectivity technology in 2024.
- Bluetooth Thermostats is the most lucrative connectivity technology segment registering the fastest growth during the forecast period.
- Country-wise, Italy is expected to register the highest CAGR from 2025 to 2033.
Europe data book summary
| Market revenue in 2024 | USD 500.6 million |
| Market revenue in 2033 | USD 1,675.3 million |
| Growth rate | 14.3% (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, Europe region accounted for 21.7% of the global connected thermostats market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,567.8 million by 2033.
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Publish Date: Jul 15, 2025
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Connected Thermostats Market Scope
Connected Thermostats Market segmentation & scope
Connected Thermostats Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Carrier Global Corp Ordinary Shares | View profile | 53,000 | 13995 Pasteur Boulevard, Palm Beach Gardens, FL, United States, 33418 | www.corporate.carrier.com |
| Trane Technologies PLC Class A | View profile | 40,000 | 170/175 Lakeview Drive, Airside Business Park, Swords County, Dublin, Ireland | www.tranetechnologies.com |
| Hive | View profile | 251-500 | San Francisco, California, United States, North America | thehive.ai/ |
| Honeywell International Inc. | View profile | - | - | - |
| Robert Bosch GmbH | View profile | - | - | - |
| Copeland | View profile | 10001+ | St Louis, Missouri, United States, North America | www.copeland.com |
| ecobee | View profile | 501-1000 | Toronto, Ontario, Canada, North America | www.ecobee.com |
Europe 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 Outlook will help companies and investors design strategic landscapes.
Bluetooth Thermostats was the largest segment with a revenue share of 68.06% in 2024.
Horizon Databook has segmented the Europe connected thermostats market based on wi-fi enabled, bluetooth thermostats covering the revenue growth of each sub-segment from 2021 to 2033.
- Europe Connected Thermostats Market Connectivity Technology Outlook (Revenue, USD Million , 2021-2033)
- Wi-Fi Enabled
- Bluetooth Thermostats
- Europe Connected Thermostats Market Distribution Channel Outlook (Revenue, USD Million , 2021-2033)
- Online
- Retail Stores
- Wholesale Stores
- Others
- Europe Connected Thermostats Market Application Outlook (Revenue, USD Million , 2021-2033)
- New Construction
- Retrofit & Renovation
- Europe Connected Thermostats Market End Use Outlook (Revenue, USD Million , 2021-2033)
- Commercial
- Residential
- Industrial
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Connected Thermostats Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Connected Thermostats Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Europe Connected Thermostats Market, 2021-2033 (US$M)
Europe connected thermostats market statistics, by connectivity technology, 2021-2033 (US$M)
