North America Smart Thermostat Market Size & Outlook
North America smart thermostat market, 2018-2030 (US$M)
Related Markets
North America smart thermostat market highlights
- The North America smart thermostat market generated a revenue of USD 3,078.8 million in 2024.
- The market is expected to grow at a CAGR of 14.2% from 2025 to 2030.
- In terms of segment, wi-fi was the largest revenue generating technology in 2024.
- Zigbee is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2025 to 2030.
North America data book summary
| Market revenue in 2024 | USD 3,078.8 million |
| Market revenue in 2030 | USD 7,758.8 million |
| Growth rate | 14.2% (CAGR from 2024 to 2030) |
| Largest segment | Wi-fi |
| Fastest growing segment | Zigbee |
| 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 |
| 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, North America region accounted for 61.6% 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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North 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 74.97% in 2024. Horizon Databook has segmented the North America smart thermostat market based on wi-fi, zigbee, lorawan covering the revenue growth of each sub-segment from 2018 to 2030.
This growth can be attributed to the increasing adoption of smart home technologies, energy efficiency initiatives, and the rising demand for IoT devices. Consumers in the region are increasingly aware of the benefits of smart thermostats in terms of convenience, cost savings, and environmental impact, leading to higher adoption rates compared to other regions.
In the region, companies are exerting efforts to launch smart thermostats for residential and commercial applications, this, in turn, supporting the growth of the market.
For instance, in February 2024, Carrier Corporation (U.S.) launched a new smart thermostat. This thermostat is designed to enhance comfort and energy efficiency for residential and light commercial applications.
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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 continent-level data and insights on the North America smart thermostat market , including forecasts for subscribers. This continent databook contains high-level insights into North America smart thermostat market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America smart thermostat market size, by country, 2018-2030 (US$M)
North America Smart Thermostat Market Outlook Share, 2024 & 2030 (US$M)
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