World - Thermostats - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Mar 1, 2024

World - Thermostats - Market Analysis, Forecast, Size, Trends and Insights

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Thermostat Market

Thermostat market: get the most recent facts and figures secured by an Ai-driven market intelligence tool. Statistics include companies, imports, trade, production, exports, market size, market prices, and consumption. Here is a split by region, including EU, Latin America, China, the U.S., the Middle East, the U.K., Russia, and Africa. Market trends and outlook to 2030 are also featured in the reports.


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Thermostat - World's Largest Markets

RatingCountry
1India
2China
3United States
4Thailand
5Germany

In value terms, India, China and the United States were the countries with the highest levels of market value in 2020, together accounting for 28% of the global market. Thailand, Germany, the UK, France, Japan, Mexico, Italy, Turkey and Hong Kong SAR lagged somewhat behind, together accounting for a further 22%.

In terms of the main consuming countries, Thailand (+131.1% per year) recorded the highest growth rate of market size, over the period under review, while thermostat market for the other global leaders experienced more modest paces of growth.

Thermostat Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per unit
Japan1.41.51.42.2%
Hong Kong SAR1.71.91.5-6.0%
China2.51.91.7-18.4%
Malaysia3.81.71.7-32.8%
Croatia1.91.91.9-1.8%
Czech Republic3.422.9-7.7%
South Korea5.24.43.7-15.4%
Netherlands4.84.33.7-11.9%
France4.24.45.514.0%
Italy5.55.65.72.1%
Germany5.25.267.9%
United States6.27.36.84.7%
Mexico7.69.18.45.4%
Average3.73.73.6-2.0%

Prices varied noticeably by the country of origin; the country with the highest price was Mexico ($8.4 per unit), while Japan ($1.4 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by France, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per unit
United States8.69.48.91.7%
France8.99.57.4-9.1%
Poland3.23.84.213.8%
Mexico6.67.54-22.1%
China2.32.83.728.4%
Germany3.63.63.71.1%
Italy3.53.33.72.9%
Czech Republic2.62.22.3-5.3%
Romania1.71.829.6%
Turkey1.41.41.2-5.7%
Hong Kong SAR0.91.11.19.6%
Malaysia1.51.51-18.7%
Thailand33280.3-90.0%
Average3.74.13.92.4%

Prices varied noticeably by the country of destination; the country with the highest price was the United States ($8.9 per unit), while Thailand ($0.3 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

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Thermostat - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
United States1.11.11-3.7%
Germany0.40.40.4-1.4%
China0.30.30.37.7%
Hong Kong SAR0.20.20.2-10.7%
France0.20.20.23.6%

In value terms, the United States ($981M) constitutes the largest market for imported thermostats worldwide, comprising 23% of global imports. The second position in the ranking was occupied by Germany ($406M), with a 9.6% share of global imports. It was followed by China, with a 7.2% share.

From 2018 to 2020, the average annual growth rate of value in the United States totaled -3.7%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-1.4% per year) and China (+7.7% per year).

Thermostat - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
Germany0.60.60.6-0.6%
China0.80.60.6-13.8%
Mexico0.50.60.5-2.2%
United States0.20.30.2-2.1%
France0.20.20.2-2.5%

In value terms, Germany ($565M), China ($559M) and Mexico ($489M) were the countries with the highest levels of exports in 2020, with a combined 45% share of global exports. The United States, France, Hong Kong SAR, Italy, the Czech Republic, Japan, South Korea, the Netherlands, Croatia and Malaysia lagged somewhat behind, together accounting for a further 35%.

Malaysia saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

Thermostat - Market Forecast

Driven by increasing demand for thermostat worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Thermostat - Top Companies

Schneider Electric Holdings, Inc., Daikin Europe NV, Zhejiang Sanhua Intelligent Controls Co., Ltd., Invensys Processs Systems, Inc., Datang Environment Industry Group Co., Ltd., Schneider Electric Buildings Americas, Inc., Vivint, Inc., Nvent Thermal LLC, Therm-O-Disc, Incorporated, Ascent Capital Group, Inc., Qinhuangdao Shanhaiguan Rubber Shock Absorber Factory, Ruskin Company, FRIGOGLASS S.A.I.C., PANASONIC ECOLOGY SYSTEMS CO.,LTD., LSB Industries, Inc., Continental Automotive Electronics LLC, Create Technology and Science Co., Ltd., JOHNSON CONTROLS, K.K., FUJIKOKI CORPORATION, Schneider Electric Buildings, LLC

Thermostat - Product Coverage

  • HS 903210 - Regulating or controlling instruments and apparatus; automatic type, thermostats

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global thermostat market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 26517015 - Electronic thermostats
  • Prodcom 26517019 - Non-electronic thermostats

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam
  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023
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