India Smart Thermostat Market Size & Outlook, 2025-2030
Related Markets
India smart thermostat market highlights
- The India smart thermostat market generated a revenue of USD 49.0 million in 2024 and is expected to reach USD 179.2 million by 2030.
- The India market is expected to grow at a CAGR of 24.8% 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.
Smart thermostat market data book summary
| Market revenue in 2024 | USD 49.0 million |
| Market revenue in 2030 | USD 179.2 million |
| Growth rate | 24.8% (CAGR from 2025 to 2030) |
| Largest segment | Wi-fi |
| Fastest growing segment | LoRaWAN |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 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, India accounted for 1.0% of the global smart thermostat market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China smart thermostat market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 179.2 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Smart Thermostat Market Scope
Smart Thermostat Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Resideo Technologies Inc | View profile | 14000 | 16100 North 71st Street, Suite 550, Scottsdale, AZ, United States, 85254 | https://www.resideo.com |
| Snap One Holdings Corp | View profile | 1610 | 1800 Continental Boulevard, Suite 200, Charlotte, NC, United States, 28273 | https://www.snapone.com |
| Generac Holdings Inc | View profile | 8600 | S45 W29290 Highway 59, Waukesha, WI, United States, 53189 | https://www.generac.com |
| Centrica PLC | View profile | 21014 | Maidenhead Road, Millstream, Windsor, Berkshire, United Kingdom, SL4 5GD | https://www.centrica.com |
| Emerson Electric Co | View profile | 67000 | 8000 West Florissant Avenue, P.O. Box 4100, St. Louis, MO, United States, 63136 | https://www.emerson.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| Alphabet Inc Class A | View profile | 180895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | https://www.abc.xyz |
| Johnson Controls International PLC | View profile | 102000 | One Albert Quay, Cork, Ireland, T12 X8N6 | https://www.johnsoncontrols.com |
India 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 will help companies and investors design strategic landscapes.
Wi-fi was the largest segment with a revenue share of 85.71% in 2024. Horizon Databook has segmented the India smart thermostat market based on wi-fi, zigbee, lorawan covering the revenue growth of each sub-segment from 2018 to 2030.
The smart thermostat market in India is experiencing notable growth due to various factors such as rising adoption of smart home technologies, the growing need to optimize their energy consumption and reduce utility bills and increasing use of smart thermostats in commercial spaces.
The government`s push towards energy efficiency and the promotion of smart city initiatives have further improved the demand for smart thermostats. Additionally, the growing consumer awareness and the increasing popularity of home automation solutions have led to higher adoption of the smart thermostat.
As people become more conscious of their energy consumption and seek ways to reduce costs, smart thermostats offer a solution by allowing users to control their home heating and cooling systems remotely through smartphones or other devices. Such trends are expected to support market growth.
Reasons to subscribe to India smart thermostat market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of India smart thermostat market databook
-
Our clientele includes a mix of smart thermostat market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India smart thermostat market , including forecasts for subscribers. This country databook contains high-level insights into India smart thermostat market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India smart thermostat market size, by product, 2018-2030 (US$M)
India Smart Thermostat Market Outlook Share, 2024 & 2030 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
