U.S. Smart Thermostat Market Size & Outlook, 2025-2030
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U.S. smart thermostat market highlights
- The U.S. smart thermostat market generated a revenue of USD 2,275.2 million in 2024 and is expected to reach USD 5,625.1 million by 2030.
- The U.S. market is expected to grow at a CAGR of 16.9% 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.
Smart thermostat market data book summary
| Market revenue in 2024 | USD 2,275.2 million |
| Market revenue in 2030 | USD 5,625.1 million |
| Growth rate | 16.9% (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, U.S. accounted for 45.5% 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 North America, U.S. smart thermostat market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 822.4 million by 2030.
The smart thermostat market in the U.S. is expected to grow rapidly, driven by factors, such as rising adoption of smart home devices, availability of IoT-enabled smart thermostats, and growing technological advancements in Zigbee technology.
The growing focus on home automation is encouraging consumers to adopt smart thermostat rapidly. U.S.-based companies are exerting their efforts to launch new products to the market. For instance, in April 2023, Resideo Technologies, Inc. (U.S.) launched its Honeywell Home T10+ Smart Thermostat Kits.
These kits feature RedLINK 3.0 technology, enabling improved management of three different types of indoor air quality (IAQ) equipment at the same time. Such strategies are expected to fuel 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 |
U.S. 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 74.28% in 2024.
Horizon Databook has segmented the U.S. 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 U.S. is expected to grow rapidly, driven by factors, such as rising adoption of smart home devices, availability of IoT-enabled smart thermostats, and growing technological advancements in Zigbee technology.
The growing focus on home automation is encouraging consumers to adopt smart thermostat rapidly. U.S.-based companies are exerting their efforts to launch new products to the market. For instance, in April 2023, Resideo Technologies, Inc. (U.S.) launched its Honeywell Home T10+ Smart Thermostat Kits.
These kits feature RedLINK 3.0 technology, enabling improved management of three different types of indoor air quality (IAQ) equipment at the same time. Such strategies are expected to fuel the growth of the market.
- U.S. Smart Thermostat Market Technology Outlook (Revenue, USD Million , 2018-2030)
- Wi-Fi
- Zigbee
- Others
- LoRaWAN
- U.S. Smart Thermostat Market Product Outlook (Revenue, USD Million , 2018-2030)
- Connected
- Standalone
- Learning
- U.S. Smart Thermostat Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Residential
- Commercial
- Industrial
- U.S. Smart Thermostat Market Installation Outlook (Revenue, USD Million , 2018-2030)
- New Installation
- Retrofit
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. Smart Thermostat Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.S. Smart Thermostat Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
U.S. Smart Thermostat Market, 2018-2030 (US$M)
U.S. smart thermostat market statistics, by technology, 2018-2030 (US$M)
