Middle East & Africa Smart Thermostat Market Size & Outlook
Middle East & Africa smart thermostat market, 2018-2030 (US$M)
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MEA smart thermostat market highlights
- The MEA smart thermostat market generated a revenue of USD 79.3 million in 2023.
- The market is expected to grow at a CAGR of 19% from 2024 to 2030.
- In terms of segment, wi-fi was the largest revenue generating technology in 2023.
- Zigbee is the most lucrative technology segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 79.3 million |
| Market revenue in 2030 | USD 268.2 million |
| Growth rate | 19% (CAGR from 2023 to 2030) |
| Largest segment | Wi-fi |
| Fastest growing segment | Zigbee |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wi-Fi, Zigbee |
| 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, MEA region accounted for 1.8% of the global smart thermostat market in 2023.
- 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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Middle East & Africa 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 66.83% in 2023. Horizon Databook has segmented the Middle East & Africa smart thermostat market based on wi-fi, zigbee covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of smart thermostat market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa smart thermostat market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa smart thermostat market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa smart thermostat market
Middle East & Africa Smart Thermostat Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa smart thermostat market
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