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United States Smart Thermostat Market Share, Size, Analysis: By Product: Connected, Standalone, Learning; By Technology: Wired, Wireless; By Application: Commercial, Residential, Industrial; Regional Analysis; Market Dynamics; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
United States Smart Thermostat Market Size
The United States smart thermostat market would likely grow at a CAGR of 16.9% during 2024-2032. Smart thermostats manage a home's cooling and heating; generally, smart thermostats are app-enabled devices and offer several different features.
Being smart devices, several thermostats may be regulated through voice command. Some smart thermostats employ occupancy sensors to ascertain if the resident is home or outside to automatically change temperature. Many thermostats automatically shift between away and home modes on the basis of the phone's location of the resident. Certain devices use remote temperature and proximity sensors to increase the detection range of the thermostat to other areas of the house.
Market Likely to be Driven by Advanced Features Offered by Smart Thermostats
Most smart thermostats are connected through Wi-Fi to an app on the consumer’s phone. The app is used to schedule and regulate heating or cooling, and modify the temperature of the house; it may also set up automations with other smart devices. There also are programmable thermostats that are not connected with an app, but are capable of scheduling cooling and heating routines via a touchscreen display.
Smart thermostat makes life easier as it may be scheduled to heat early in the morning to avoid the chill in the air, or initiate air conditioning some time before entering the house to find it cool. Smart thermostats with apps don’t require a person to get up to make changes to the temperature. This feature is particularly useful for individuals with mobility challenges.
United States Smart Thermostat Market Report Snapshots
United States Smart Thermostat Market Size
United States Smart Thermostat Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 United States Smart Thermostat Market Analysis
8.1 Key Industry Highlights
8.2 United States Smart Thermostat Historical Market (2018-2023)
8.3 United States Smart Thermostat Market Forecast (2024-2032)
8.4 United States Smart Thermostat Market by Product
8.4.1 Connected
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Standalone
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Learning
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 United States Smart Thermostat Market by Technology
8.5.1 Wired
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Wireless
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.2.3 Breakup by Type
8.5.2.3.1 Wi-Fi
8.5.2.3.2 Bluetooth
8.5.2.3.3 Zigbee
8.5.2.3.4 Others
8.6 United States Smart Thermostat Market by Application
8.6.1 Commercial
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Residential
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Industrial
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 United States Smart Thermostat Market by Region
8.7.1 New England
8.7.2 Mideast
8.7.3 Great Lakes
8.7.4 Plains
8.7.5 Southeast
8.7.6 Southwest
8.7.7 Rocky Mountain
8.7.8 Far West
9 Regional Analysis
9.1 New England
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Mideast
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Great Lakes
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Plains
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Southeast
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.6 Southwest
9.6.1 Historical Trend (2018-2023)
9.6.2 Forecast Trend (2024-2032)
9.7 Rocky Mountain
9.7.1 Historical Trend (2018-2023)
9.7.2 Forecast Trend (2024-2032)
9.8 Far West
9.8.1 Historical Trend (2018-2023)
9.8.2 Forecast Trend (2024-2032)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Trade Data Analysis (HS Code - 903210)
11.1 Major Exporting Countries
11.1.1 By Value
11.1.2 By Volume
11.2 Major Importing Countries
11.2.1 By Value
11.2.2 By Volume
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Honeywell International Inc
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Johnson Controls
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Emerson Electric Co.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Carrier Corporation
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Bosch Thermotechnology Corp.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Lux Products Corporation
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 ecobee Inc.
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Vivint, Inc
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Radio Thermostat Company of America
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 Lennox International Inc.
13.2.10.1 Company Overview
13.2.10.2 Product Portfolio
13.2.10.3 Demographic Reach and Achievements
13.2.10.4 Certifications
13.2.11 Others
14 Key Trends and Developments in the Market
List of Figures and Tables
1. United States Smart Thermostat Market: Key Industry Highlights, 2018 and 2032
2. United States Smart Thermostat Historical Market: Breakup by Product (USD Million), 2018-2023
3. United States Smart Thermostat Market Forecast: Breakup by Product (USD Million), 2024-2032
4. United States Smart Thermostat Historical Market: Breakup by Technology (USD Million), 2018-2023
5. United States Smart Thermostat Market Forecast: Breakup by Technology (USD Million), 2024-2032
6. United States Smart Thermostat Historical Market: Breakup by Application (USD Million), 2018-2023
7. United States Smart Thermostat Market Forecast: Breakup by Application (USD Million), 2024-2032
8. United States Smart Thermostat Historical Market: Breakup by Region (USD Million), 2018-2023
9. United States Smart Thermostat Market Forecast: Breakup by Region (USD Million), 2024-2032
10. Major Exporting Countries by Value
11. Major Importing Countries by Value
12. Major Exporting Countries by Volume
13. Major Importing Countries by Volume
14. United States Smart Thermostat Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 16.9% between 2024 and 2032.
The major drivers of the market are rising energy costs, increasing consumer awareness, and improving standards of living.
The key trends guiding the growth of the market include remote controlled smart thermostats via smartphones and other devices, inclusion of further smart features, and research and development activities to develop advanced products.
The major regions in the United States smart thermostat market are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
Connected, standalone, and learning are the various products of smart thermostats in the market.
Technologies used for smart thermostat are wired and wireless, with wireless further subdivided into Wi-Fi, Bluetooth, and Zigbee, among others.
The different applications of smart thermostats in the market are commercial, residential, and industrial.
Smart thermostats are intelligent and improved versions of traditional thermostats that can regulate the cooling and heating of a home of building based on various parameters such as remote instructions, occupancy, or weather, among others.
Smart thermostats support greater ease and accuracy in temperature management as compared to traditional thermostats, helping reduce cooling and heating expenses while maintaining comfortable temperatures.
The major players in the market are Honeywell International Inc, Johnson Controls, Emerson Electric Co., Carrier Corporation, Bosch Thermotechnology Corp., Lux Products Corporation, ecobee Inc., Vivint, Inc, Radio Thermostat Company of America, and Lennox International Inc., among others.
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