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 91.1 million in 2024.
- The market is expected to grow at a CAGR of 20.4% 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, UAE is expected to register the highest CAGR from 2025 to 2030.
MEA data book summary
| Market revenue in 2024 | USD 91.1 million |
| Market revenue in 2030 | USD 268.2 million |
| Growth rate | 20.4% (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, MEA region accounted for 1.8% 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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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 80.9% in 2024. Horizon Databook has segmented the Middle East & Africa 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 the Middle East and Africa (MEA) is experiencing significant growth, driven by rapid urbanization and industrialization in the countries of MEA, leading to increased energy consumption. Smart thermostats help optimize energy usage, reducing waste and costs.
Some governments in the region are promoting energy efficiency and sustainability, which can indirectly drive the adoption of smart thermostats. Countries such as the UAE, South Africa, and Saudi Arabia are also witnessing increased adoption of smart thermostats, owing to rising disposable incomes and growing middle-class populations.
Furthermore, the growing popularity of smart homes and smart home ecosystems is driving the demand for smart thermostats. Some governments, such as Saudi Arabia, are promoting energy efficiency through initiatives like "Saudi Vision 2030".
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Target buyers of Middle East & Africa 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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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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MEA smart thermostat market size, by country, 2018-2030 (US$M)
Middle East & Africa Smart Thermostat Market Outlook Share, 2024 & 2030 (US$M)
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