Germany Smart Thermostat Market Size & Outlook, 2024-2030
Germany smart thermostat market, 2018-2030 (US$M)
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Germany smart thermostat market highlights
- The Germany smart thermostat market generated a revenue of USD 265.1 million in 2024 and is expected to reach USD 653.2 million by 2030.
- The Germany market is expected to grow at a CAGR of 16.9% 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 265.1 million |
| Market revenue in 2030 | USD 653.2 million |
| Growth rate | 16.9% (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, Germany accounted for 5.3% 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 Europe, Germany smart thermostat market is projected to lead the regional market in terms of revenue in 2030.
- Norway is the fastest growing regional market in Europe and is projected to reach USD 178.4 million by 2030.
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Smart Thermostat Market Scope
Smart Thermostat Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 72.54% in 2024. Horizon Databook has segmented the Germany smart thermostat market based on wi-fi, zigbee, lorawan covering the revenue growth of each sub-segment from 2018 to 2030.
Germany's smart thermostat market is significantly influenced by Government initiatives to develop smart home technology, growing need for energy-efficient solutions, regulatory initiatives aimed at increasing energy efficiency in buildings and increasing adoption of smart thermostats in residential buildings for energy efficiency and comfort.
Germans have become increasingly aware of the importance of energy conservation. Smart thermostats help consumers monitor and manage their energy usage, which has contributed to their growing adoption.
Further, in November 2022, tado GmbH (Germany) collaborated with the tado community to make availability of the Smart Thermostat Black Edition across all European countries. This new product offers an effective way to enhance interior designs and express personal taste.
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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 Germany smart thermostat market , including forecasts for subscribers. This country databook contains high-level insights into Germany smart thermostat market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany smart thermostat market size, by technology, 2018-2030 (US$M)
Germany Smart Thermostat Market Outlook Share, 2024 & 2030 (US$M)
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