Middle East & Africa Smart Thermostat Market Size & Outlook
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MEA smart thermostat market highlights
- The MEA smart thermostat market generated a revenue of USD 91.1 million in 2024.
- The market is expected to grow at a CAGR of 20.4% 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, UAE is expected to register the highest CAGR from 2025 to 2030.
MEA data book summary
| Market revenue in 2024 | USD 91.1 million |
| Market revenue in 2030 | USD 268.2 million |
| Growth rate | 20.4% (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, MEA region accounted for 1.8% 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 smart thermostat market in the Middle East and Africa (MEA) is experiencing significant growth, driven by rapid urbanization and industrialization in the countries of MEA, leading to increased energy consumption. Smart thermostats help optimize energy usage, reducing waste and costs.
Some governments in the region are promoting energy efficiency and sustainability, which can indirectly drive the adoption of smart thermostats. Countries such as the UAE, South Africa, and Saudi Arabia are also witnessing increased adoption of smart thermostats, owing to rising disposable incomes and growing middle-class populations.
Furthermore, the growing popularity of smart homes and smart home ecosystems is driving the demand for smart thermostats. Some governments, such as Saudi Arabia, are promoting energy efficiency through initiatives like "Saudi Vision 2030".
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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 |
Middle East & Africa 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 80.9% in 2024.
Horizon Databook has segmented the Middle East & Africa 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 the Middle East and Africa (MEA) is experiencing significant growth, driven by rapid urbanization and industrialization in the countries of MEA, leading to increased energy consumption. Smart thermostats help optimize energy usage, reducing waste and costs.
Some governments in the region are promoting energy efficiency and sustainability, which can indirectly drive the adoption of smart thermostats. Countries such as the UAE, South Africa, and Saudi Arabia are also witnessing increased adoption of smart thermostats, owing to rising disposable incomes and growing middle-class populations.
Furthermore, the growing popularity of smart homes and smart home ecosystems is driving the demand for smart thermostats. Some governments, such as Saudi Arabia, are promoting energy efficiency through initiatives like "Saudi Vision 2030".
- Middle East & Africa Smart Thermostat Market Technology Outlook (Revenue, USD Million , 2018-2030)
- Wi-Fi
- Zigbee
- Others
- LoRaWAN
- Middle East & Africa Smart Thermostat Market Product Outlook (Revenue, USD Million , 2018-2030)
- Connected
- Standalone
- Learning
- Middle East & Africa Smart Thermostat Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Residential
- Commercial
- Industrial
- Middle East & Africa 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 Middle East & Africa Smart Thermostat Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Smart Thermostat Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Middle East Africa Smart Thermostat Market, 2018-2030 (US$M)
MEA smart thermostat market statistics, by technology, 2018-2030 (US$M)
