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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.*
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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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124