Asia Pacific Smart Thermostat Market Size & Outlook
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Asia Pacific smart thermostat market highlights
- The Asia Pacific smart thermostat market generated a revenue of USD 535.5 million in 2024.
- The market is expected to grow at a CAGR of 20.9% from 2025 to 2030.
- In terms of segment, wi-fi was the largest revenue generating technology in 2024.
- LoRaWAN is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 535.5 million |
| Market revenue in 2030 | USD 1,614.7 million |
| Growth rate | 20.9% (CAGR from 2025 to 2030) |
| Largest segment | Wi-fi |
| Fastest growing segment | LoRaWAN |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wi-Fi, Zigbee, LoRaWAN |
| Key market players worldwide | Centrica PLC, Snap One Holdings Corp, Generac Holdings Inc, Emerson Electric Co, Alphabet Inc Class A, Honeywell International Inc, Johnson Controls International PLC, Resideo Technologies Inc, Siemens AG |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 10.7% of the global smart thermostat market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,614.7 million by 2030.
The Asia Pacific region is marking a notable growth in the smart thermostat market owing to growing focus on technological advancements such as AI & IoT, increased consumer demand, rising need to optimize heating and cooling systems to save energy, rising focus on energy efficiency and sustainable development across China, Japan, and India, and growing popularity for efficient climate control solutions.
Governments in various countries within the Asia-Pacific region are implementing initiatives and regulations aimed at promoting energy efficiency and reducing carbon emissions.
This includes incentives for adopting smart technologies like thermostats that can contribute to overall energy savings. This has improved the demand for smart thermostats, and this, in turn, supports the growth of the market.
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Publish Date: Dec 03, 2024
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Smart Thermostat Market Scope
Smart Thermostat Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Johnson Controls International PLC | View profile | 102,000 | One Albert Quay, Cork, Ireland, T12 X8N6 | www.johnsoncontrols.com |
| Alphabet Inc Class A | View profile | 180,895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | www.abc.xyz |
| Siemens AG | View profile | 321,000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | www.siemens.com |
| Honeywell International Inc | View profile | 95,000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | www.honeywell.com |
| Emerson Electric Co | View profile | 67,000 | 8000 West Florissant Avenue, P.O. Box 4100, St. Louis, MO, United States, 63136 | www.emerson.com |
| Centrica PLC | View profile | 21,014 | Maidenhead Road, Millstream, Windsor, Berkshire, United Kingdom, SL4 5GD | www.centrica.com |
| Generac Holdings Inc | View profile | 8,600 | S45 W29290 Highway 59, Waukesha, WI, United States, 53189 | www.generac.com |
| Snap One Holdings Corp | View profile | 1,610 | 1800 Continental Boulevard, Suite 200, Charlotte, NC, United States, 28273 | www.snapone.com |
| Resideo Technologies Inc | View profile | 14,000 | 16100 North 71st Street, Suite 550, Scottsdale, AZ, United States, 85254 | www.resideo.com |
Asia Pacific Smart Thermostat 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 Smart Thermostat Market Outlook will help companies and investors design strategic landscapes.
Wi-Fi was the largest segment with a revenue share of 79.38% in 2024.
Horizon Databook has segmented the Asia Pacific smart thermostat market based on wi-fi, zigbee, lorawan covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific region is marking a notable growth in the smart thermostat market owing to growing focus on technological advancements such as AI & IoT, increased consumer demand, rising need to optimize heating and cooling systems to save energy, rising focus on energy efficiency and sustainable development across China, Japan, and India, and growing popularity for efficient climate control solutions.
Governments in various countries within the Asia-Pacific region are implementing initiatives and regulations aimed at promoting energy efficiency and reducing carbon emissions.
This includes incentives for adopting smart technologies like thermostats that can contribute to overall energy savings. This has improved the demand for smart thermostats, and this, in turn, supports the growth of the market.
- Asia Pacific Smart Thermostat Market Technology Outlook (Revenue, USD Million , 2018-2030)
- Wi-Fi
- Zigbee
- Others
- LoRaWAN
- Asia Pacific Smart Thermostat Market Product Outlook (Revenue, USD Million , 2018-2030)
- Connected
- Standalone
- Learning
- Asia Pacific Smart Thermostat Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Residential
- Commercial
- Industrial
- Asia Pacific Smart Thermostat Market Installation Outlook (Revenue, USD Million , 2018-2030)
- New Installation
- Retrofit
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Smart Thermostat Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Smart Thermostat Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Smart Thermostat Market, 2018-2030 (US$M)
Asia Pacific smart thermostat market statistics, by technology, 2018-2030 (US$M)
