Europe Smart Thermostat Market Size & Outlook, 2024-2030
Europe smart thermostat market, 2018-2030 (US$M)
Related Markets
Europe smart thermostat market highlights
- The Europe smart thermostat market generated a revenue of USD 1,178.4 million in 2024.
- The market is expected to grow at a CAGR of 19.8% 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.
- Country-wise, Norway is expected to register the highest CAGR from 2025 to 2030.
Europe data book summary
| Market revenue in 2024 | USD 1,178.4 million |
| Market revenue in 2030 | USD 3,367.0 million |
| Growth rate | 19.8% (CAGR from 2025 to 2030) |
| Largest segment | Wi-fi |
| Fastest growing segment | LoRaWAN |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 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, Europe region accounted for 23.6% of the global smart thermostat market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,614.7 million by 2030.
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Smart Thermostat Market Scope
Smart Thermostat Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 75.83% in 2024. Horizon Databook has segmented the Europe smart thermostat market based on wi-fi, zigbee, lorawan covering the revenue growth of each sub-segment from 2018 to 2030.
The smart thermostat market in Europe is experiencing significant growth and is expected to continue expanding at a rapid pace. Some significant factors, such as rapid industrialization, growing focus on innovations in geofencing capabilities, and increasing use of smart thermostats in commercial spaces, are improving the demand for smart thermostats.
Many European countries have set ambitious targets for reducing carbon emissions and promoting energy efficiency. Governments are incentivizing the adoption of smart technologies, including smart thermostats, through various programs and regulations.
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Target buyers of Europe smart thermostat market databook
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Our clientele includes a mix of smart thermostat market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe smart thermostat market , including forecasts for subscribers. This continent databook contains high-level insights into Europe smart thermostat market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe smart thermostat market size, by country, 2018-2030 (US$M)
Europe Smart Thermostat Market Outlook Share, 2024 & 2030 (US$M)
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