Latin America Smart Thermostat Market Size & Outlook
Latin America smart thermostat market, 2018-2030 (US$M)
Related Markets
Latin America smart thermostat market highlights
- The Latin America smart thermostat market generated a revenue of USD 115.8 million in 2024.
- The market is expected to grow at a CAGR of 20.1% 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, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 115.8 million |
| Market revenue in 2030 | USD 336.3 million |
| Growth rate | 20.1% (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, Latin America region accounted for 2.3% 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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Latin America 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 83.59% in 2024. Horizon Databook has segmented the Latin America smart thermostat market based on wi-fi, zigbee, lorawan covering the revenue growth of each sub-segment from 2018 to 2030.
Latin American consumers are heavily leveraging smart thermostats owing to their countless benefits, such as reduced energy consumption and lower utility bills, making them an attractive option for cost-conscious households.
Some Latin American governments are offering incentives and subsidies to promote the adoption of energy-efficient technologies, including smart thermostats. This can help to make these devices more affordable for consumers.
Furthermore, the increasing urbanization in Latin America is driving demand for smart thermostats. Latin American governments are transforming their urban areas into smart cities by implementing sandbox laws, attracting private investment, and collaborating with other government agencies.
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Target buyers of Latin America 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 Latin America smart thermostat market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America smart thermostat market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America smart thermostat market size, by country, 2018-2030 (US$M)
Latin America Smart Thermostat Market Outlook Share, 2024 & 2030 (US$M)
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