U.K. Smart Thermostat Market Size & Outlook, 2025-2030
- Enterprise Technology & Automation
- Cybersecurity & Digital Risk
- Smart Thermostat Market Outlook
- Cybersecurity & Digital Risk
Global Market
Related Markets
Ask a question about the smart thermostat market
UK smart thermostat market highlights
- The UK smart thermostat market generated a revenue of USD 214.5 million in 2024 and is expected to reach USD 542.1 million by 2030.
- The UK market is expected to grow at a CAGR of 17.4% 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.
Smart thermostat market data book summary
| Market revenue in 2024 | USD 214.5 million |
| Market revenue in 2030 | USD 542.1 million |
| Growth rate | 17.4% (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, UK accounted for 4.3% 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 Europe, Germany smart thermostat market is projected to lead the regional market in terms of revenue in 2030.
- Norway is the fastest growing regional market in Europe and is projected to reach USD 178.4 million by 2030.
The growth of this market is driven by increasing awareness about energy conservation, rising demand for smart home devices, and the growing need for remote access solutions. The UK's emphasis on energy efficiency and sustainability is a primary driver for smart thermostat adoption.
These devices help reduce energy consumption and lower heating bills. The UK government has launched initiatives such as the Smart Metering Implementation Programme, which aims to install smart meters in all homes by 2025.
Furthermore, high Gross Domestic Product (GDP), increased standard of living, technologically friendly population, and favorable government initiatives support the adoption of smart home devices and technologies, which is expected to drive the growth of the smart thermostat market.
No credit card required*
Publish Date: Dec 03, 2024
Customize the Report
20% free customization
- Include
- Countries, segments, points
- Tailor
- To your product definition
- Extend
- Deeper competitor detail
- Or
- A fully bespoke study
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 |
|---|---|---|---|---|
| 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 |
U.K. 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 75.48% in 2024.
Horizon Databook has segmented the U.K. smart thermostat market based on wi-fi, zigbee, lorawan covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of this market is driven by increasing awareness about energy conservation, rising demand for smart home devices, and the growing need for remote access solutions. The UK's emphasis on energy efficiency and sustainability is a primary driver for smart thermostat adoption.
These devices help reduce energy consumption and lower heating bills. The UK government has launched initiatives such as the Smart Metering Implementation Programme, which aims to install smart meters in all homes by 2025.
Furthermore, high Gross Domestic Product (GDP), increased standard of living, technologically friendly population, and favorable government initiatives support the adoption of smart home devices and technologies, which is expected to drive the growth of the smart thermostat market.
- U.K. Smart Thermostat Market Technology Outlook (Revenue, USD Million , 2018-2030)
- Wi-Fi
- Zigbee
- Others
- LoRaWAN
- U.K. Smart Thermostat Market Product Outlook (Revenue, USD Million , 2018-2030)
- Connected
- Standalone
- Learning
- U.K. Smart Thermostat Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Residential
- Commercial
- Industrial
- U.K. Smart Thermostat Market Installation Outlook (Revenue, USD Million , 2018-2030)
- New Installation
- Retrofit
Reasons to subscribe to Smart Thermostat Market Outlook 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 Smart Thermostat Market Outlook databook
- Our clientele includes a mix of Smart Thermostat Market Outlook 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 U.K. Smart Thermostat Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.K. Smart Thermostat Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
U.K. Smart Thermostat Market, 2018-2030 (US$M)
UK smart thermostat market statistics, by technology, 2018-2030 (US$M)
