Brazil Smart Thermostat Market Size & Outlook, 2024-2030
Brazil smart thermostat market, 2018-2030 (US$M)
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Brazil smart thermostat market highlights
- The Brazil smart thermostat market generated a revenue of USD 41.4 million in 2024 and is expected to reach USD 114.7 million by 2030.
- The Brazil market is expected to grow at a CAGR of 19.2% 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 41.4 million |
| Market revenue in 2030 | USD 114.7 million |
| Growth rate | 19.2% (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, Brazil accounted for 0.8% 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 Latin America, Brazil smart thermostat market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 114.7 million by 2030.
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Smart Thermostat Market Scope
Smart Thermostat Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 will help companies and investors design strategic landscapes.
Wi-fi was the largest segment with a revenue share of 82.37% in 2024. Horizon Databook has segmented the Brazil smart thermostat market based on wi-fi, zigbee, lorawan covering the revenue growth of each sub-segment from 2018 to 2030.
The Brazilian smart thermostat market has experienced steady growth over the past few years, driven by factors such as growing demand for energy efficiency and smart home integration. Some significant factors, such as availability of Wi-Fi-enabled thermostats and innovations in Zigbee-based technologies, are improving the significance of smart thermostats in the market.
In Brazil's commercial sector, the adoption of smart thermostats is gaining traction, driven by their ability to optimize energy usage and reduce operational costs. Many businesses are increasingly adopting smart thermostats to manage heating, ventilation, and air conditioning (HVAC) systems more efficiently.
Furthermore, Brazilian government programs promoting energy efficiency and sustainable technologies are encouraging the adoption of smart thermostats. These initiatives aim to reduce overall energy consumption and support environmental conservation efforts. Such trends are expected to support the growth of the market.
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Our clientele includes a mix of smart thermostat market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil smart thermostat market , including forecasts for subscribers. This country databook contains high-level insights into Brazil smart thermostat market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil smart thermostat market size, by technology, 2018-2030 (US$M)
Brazil Smart Thermostat Market Outlook Share, 2024 & 2030 (US$M)
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