Product Code: GVR-4-68040-673-1
Connected Thermostat Market Summary
The global connected thermostat market size was estimated at USD 2,309.2 million in 2024 and is projected to reach USD 8,169.7million by 2033, growing at a CAGR of 15.0% from 2025 to 2033. The market is witnessing significant growth due to increasing adoption of smart home technologies, demand for energy efficiency, and rising awareness about environmental sustainability.
Connected thermostats offer real-time remote control, learning capabilities, and automation that enhance user convenience and reduce energy consumption. The adoption of connected thermostats is gaining traction across residential, commercial, and industrial sectors as users seek data-driven climate control solutions. In addition, utility companies are deploying connected thermostats as part of demand response programs to optimize grid usage, which is further stimulating market growth.
Global Connected Thermostat Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research, Inc has segmented the global connected thermostat market report based on connectivity technology, distribution channel, application, end use, and region:
- Connectivity Technology Outlook (Revenue, USD Million, 2021 - 2033)
- Wi-Fi Enabled
- Bluetooth Thermostats
- Distribution Channel Outlook (Revenue, USD Million, 2021 - 2033)
- Online
- Retail Stores
- Wholesale Stores
- Others
- Application Outlook (Revenue, USD Million, 2021 - 2033)
- New Construction
- Retrofit & Renovation
- End Use Outlook (Revenue, USD Million, 2021 - 2033)
- Commercial
- Residential
- Industrial
- Regional Outlook (Revenue, USD Million, 2021 - 2033)
- North America
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Global Connected Thermostat Market Variables, Trends & Scope
- 3.1. Market Concentration & Growth Prospect Mapping
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material/Component Outlook
- 3.2.2. Manufacturer Outlook
- 3.2.3. Distribution Outlook
- 3.2.4. End User Outlook
- 3.3. Regulatory Framework
- 3.4. Technology Overview
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Challenges Analysis
- 3.5.4. Market Opportunity Analysis
- 3.6. Economic Mega-Trend Analysis
- 3.7. Industry Analysis Tools
- 3.7.1. Porter's Five Forces Analysis
- 3.7.2. Macro-environmental Analysis
Chapter 4. Global Connected Thermostat Market: Connectivity Technology Estimates & Trend Analysis
- 4.1. Connectivity Technology Movement Analysis & Market Share, 2024 & 2033
- 4.2. Global Connected Thermostat Market Estimates & Forecast, By Connectivity Technology, 2021 to 2033 (USD Million)
- 4.3. Wi-Fi Enabled
- 4.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.4. Bluetooth Thermostats
- 4.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 5. Global Connected Thermostat Market: Distribution Channel Estimates & Trend Analysis
- 5.1. Distribution Channel Movement Analysis & Market Share, 2024 & 2033
- 5.2. Global Connected Thermostat Market Estimates & Forecast, By Distribution Channel, 2021 to 2033 (USD Million)
- 5.3. Online
- 5.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.4. Retail Stores
- 5.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.5. Wholesale Stores
- 5.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.6. Others
- 5.6.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 6. Global Connected Thermostat Market: Application Estimates & Trend Analysis
- 6.1. Application Movement Analysis & Market Share, 2024 & 2033
- 6.2. Global Connected Thermostat Market Estimates & Forecast, By Application, 2021 to 2033 (USD Million)
- 6.3. New Construction
- 6.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.4. Retrofit & Renovation
- 6.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 7. Global Connected Thermostat Market: End Use Estimates & Trend Analysis
- 7.1. End Use Movement Analysis & Market Share, 2024 & 2033
- 7.2. Global Connected Thermostat Market Estimates & Forecast, By End Use, 2021 to 2033 (USD Million)
- 7.3. Commercial
- 7.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 7.4. Residential
- 7.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 7.5. Industrial
- 7.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 8. Global Connected Thermostat Market: Regional Estimates & Trend Analysis
- 8.1. Regional Movement Analysis & Market Share, 2024 & 2033
- 8.2. North America
- 8.2.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 8.2.2. Market estimates & forecast, by connectivity technology, 2021 - 2033 (USD Million)
- 8.2.3. Market estimates & forecast, by distribution channel, 2021 - 2033 (USD Million)
- 8.2.4. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 8.2.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 8.2.6. U.S.
- 8.2.6.1. Key country dynamics
- 8.2.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 8.2.6.3. Market estimates & forecast, by connectivity technology, 2021 - 2033 (USD Million)
- 8.2.6.4. Market estimates & forecast, by distribution channel, 2021 - 2033 (USD Million)
- 8.2.6.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 8.2.6.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 8.2.7. Canada
- 8.2.7.1. Key country dynamics
- 8.2.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 8.2.7.3. Market estimates & forecast, by connectivity technology, 2021 - 2033 (USD Million)
- 8.2.7.4. Market estimates & forecast, by distribution channel, 2021 - 2033 (USD Million)
- 8.2.7.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 8.2.7.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 8.2.8. Mexico
- 8.2.8.1. Key country dynamics
- 8.2.8.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 8.2.8.3. Market estimates & forecast, by connectivity technology, 2021 - 2033 (USD Million)
- 8.2.8.4. Market estimates & forecast, by distribution channel, 2021 - 2033 (USD Million)
- 8.2.8.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 8.2.8.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 8.3. Europe
- 8.3.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 8.3.2. Market estimates & forecast, by connectivity technology, 2021 - 2033 (USD Million)
- 8.3.3. Market estimates & forecast, by distribution channel, 2021 - 2033 (USD Million)
- 8.3.4. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 8.3.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 8.3.6. Germany
- 8.3.6.1. Key country dynamics
- 8.3.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 8.3.6.3. Market estimates & forecast, by connectivity technology, 2021 - 2033 (USD Million)
- 8.3.6.4. Market estimates & forecast, by distribution channel, 2021 - 2033 (USD Million)
- 8.3.6.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 8.3.6.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 8.3.7. France
- 8.3.7.1. Key country dynamics
- 8.3.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 8.3.7.3. Market estimates & forecast, by connectivity technology, 2021 - 2033 (USD Million)
- 8.3.7.4. Market estimates & forecast, by distribution channel, 2021 - 2033 (USD Million)
- 8.3.7.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 8.3.7.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 8.3.8. UK
- 8.3.8.1. Key country dynamics
- 8.3.8.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 8.3.8.3. Market estimates & forecast, by connectivity technology, 2021 - 2033 (USD Million)
- 8.3.8.4. Market estimates & forecast, by distribution channel, 2021 - 2033 (USD Million)
- 8.3.8.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 8.3.8.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 8.3.9. Italy
- 8.3.9.1. Key country dynamics
- 8.3.9.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 8.3.9.3. Market estimates & forecast, by connectivity technology, 2021 - 2033 (USD Million)
- 8.3.9.4. Market estimates & forecast, by distribution channel, 2021 - 2033 (USD Million)
- 8.3.9.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 8.3.9.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 8.3.10. Spain
- 8.3.10.1. Key country dynamics
- 8.3.10.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 8.3.10.3. Market estimates & forecast, by connectivity technology, 2021 - 2033 (USD Million)
- 8.3.10.4. Market estimates & forecast, by distribution channel, 2021 - 2033 (USD Million)
- 8.3.10.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 8.3.10.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 8.4.2. Market estimates & forecast, by connectivity technology, 2021 - 2033 (USD Million)
- 8.4.3. Market estimates & forecast, by distribution channel, 2021 - 2033 (USD Million)
- 8.4.4. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 8.4.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 8.4.6. China
- 8.4.6.1. Key country dynamics
- 8.4.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 8.4.6.3. Market estimates & forecast, by connectivity technology, 2021 - 2033 (USD Million)
- 8.4.6.4. Market estimates & forecast, by distribution channel, 2021 - 2033 (USD Million)
- 8.4.6.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 8.4.6.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 8.4.7. India
- 8.4.7.1. Key country dynamics
- 8.4.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 8.4.7.3. Market estimates & forecast, by connectivity technology, 2021 - 2033 (USD Million)
- 8.4.7.4. Market estimates & forecast, by distribution channel, 2021 - 2033 (USD Million)
- 8.4.7.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 8.4.7.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 8.4.8. Japan
- 8.4.8.1. Key country dynamics
- 8.4.8.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 8.4.8.3. Market estimates & forecast, by connectivity technology, 2021 - 2033 (USD Million)
- 8.4.8.4. Market estimates & forecast, by distribution channel, 2021 - 2033 (USD Million)
- 8.4.8.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 8.4.8.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 8.4.9. Australia
- 8.4.9.1. Key country dynamics
- 8.4.9.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 8.4.9.3. Market estimates & forecast, by connectivity technology, 2021 - 2033 (USD Million)
- 8.4.9.4. Market estimates & forecast, by distribution channel, 2021 - 2033 (USD Million)
- 8.4.9.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 8.4.9.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 8.4.10. South Korea
- 8.4.10.1. Key country dynamics
- 8.4.10.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 8.4.10.3. Market estimates & forecast, by connectivity technology, 2021 - 2033 (USD Million)
- 8.4.10.4. Market estimates & forecast, by distribution channel, 2021 - 2033 (USD Million)
- 8.4.10.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 8.4.10.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 8.5. Latin America
- 8.5.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 8.5.2. Market estimates & forecast, by connectivity technology, 2021 - 2033 (USD Million)
- 8.5.3. Market estimates & forecast, by distribution channel, 2021 - 2033 (USD Million)
- 8.5.4. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 8.5.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 8.5.6. Brazil
- 8.5.6.1. Key country dynamics
- 8.5.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 8.5.6.3. Market estimates & forecast, by connectivity technology, 2021 - 2033 (USD Million)
- 8.5.6.4. Market estimates & forecast, by distribution channel, 2021 - 2033 (USD Million)
- 8.5.6.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 8.5.6.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 8.5.7. Argentina
- 8.5.7.1. Key country dynamics
- 8.5.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 8.5.7.3. Market estimates & forecast, by connectivity technology, 2021 - 2033 (USD Million)
- 8.5.7.4. Market estimates & forecast, by distribution channel, 2021 - 2033 (USD Million)
- 8.5.7.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 8.5.7.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 8.6. Middle East & Africa
- 8.6.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 8.6.2. Market estimates & forecast, by connectivity technology, 2021 - 2033 (USD Million)
- 8.6.3. Market estimates & forecast, by distribution channel, 2021 - 2033 (USD Million)
- 8.6.4. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 8.6.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 8.6.6. Saudi Arabia
- 8.6.6.1. Key country dynamics
- 8.6.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 8.6.6.3. Market estimates & forecast, by connectivity technology, 2021 - 2033 (USD Million)
- 8.6.6.4. Market estimates & forecast, by distribution channel, 2021 - 2033 (USD Million)
- 8.6.6.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 8.6.6.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 8.6.7. UAE
- 8.6.7.1. Key country dynamics
- 8.6.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 8.6.7.3. Market estimates & forecast, by connectivity technology, 2021 - 2033 (USD Million)
- 8.6.7.4. Market estimates & forecast, by distribution channel, 2021 - 2033 (USD Million)
- 8.6.7.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 8.6.7.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 8.6.8. South Africa
- 8.6.8.1. Key country dynamics
- 8.6.8.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 8.6.8.3. Market estimates & forecast, by connectivity technology, 2021 - 2033 (USD Million)
- 8.6.8.4. Market estimates & forecast, by distribution channel, 2021 - 2033 (USD Million)
- 8.6.8.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million)
- 8.6.8.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis by Key Market Participants
- 7.2. Key Company/Competition Categorization
- 7.3. Strategic Framework
- 7.4. Company Market Position Analysis
- 7.5. Company Heat Map Analysis
- 7.6. Strategy Mapping
Chapter 8. Company Profiles
- 8.1. Honeywell International Inc
- 8.1.1. Company Overview
- 8.1.2. Financial performance
- 8.1.3. Material benchmarking
- 8.1.4. Strategic initiatives
- 8.2. Trane
- 8.2.1. Company Overview
- 8.2.2. Financial performance
- 8.2.3. Material benchmarking
- 8.2.4. Strategic initiatives
- 8.3. Carrier
- 8.3.1. Company Overview
- 8.3.2. Financial performance
- 8.3.3. Material benchmarking
- 8.3.4. Strategic initiatives
- 8.4. ecobee
- 8.4.1. Company Overview
- 8.4.2. Financial performance
- 8.4.3. Material benchmarking
- 8.4.4. Strategic initiatives
- 8.5. Copeland LP
- 8.5.1. Company Overview
- 8.5.2. Financial performance
- 8.5.3. Material benchmarking
- 8.5.4. Strategic initiatives
- 8.6. LUX Products Pro Solutions (EME Delaware Inc)
- 8.6.1. Company Overview
- 8.6.2. Financial performance
- 8.6.3. Material benchmarking
- 8.6.4. Strategic initiatives
- 8.7. Robert Bosch GmbH
- 8.7.1. Company Overview
- 8.7.2. Financial performance
- 8.7.3. Material benchmarking
- 8.7.4. Strategic initiatives
- 8.8. Hive (Centrica Hive Limited)
- 8.8.1. Company Overview
- 8.8.2. Financial performance
- 8.8.3. Material benchmarking
- 8.8.4. Strategic initiatives
- 8.9. Netatmo
- 8.9.1. Company Overview
- 8.9.2. Financial performance
- 8.9.3. Material benchmarking
- 8.9.4. Strategic initiatives
- 8.10. tado GmbH
- 8.10.1. Company Overview
- 8.10.2. Financial performance
- 8.10.3. Material benchmarking
- 8.10.4. Strategic initiatives