Saudi Arabia Smart Thermostat Market Size & Outlook
Saudi Arabia smart thermostat market, 2018-2030 (US$M)
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Saudi Arabia smart thermostat market highlights
- The Saudi Arabia smart thermostat market generated a revenue of USD 26.0 million in 2024 and is expected to reach USD 79.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 21.3% 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 26.0 million |
| Market revenue in 2030 | USD 79.9 million |
| Growth rate | 21.3% (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, Saudi Arabia accounted for 0.5% 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 Middle East & Africa, Saudi Arabia smart thermostat market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 70.6 million by 2030.
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Smart Thermostat Market Scope
Smart Thermostat Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 80.38% in 2024. Horizon Databook has segmented the Saudi Arabia 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 Saudi Arabia is expected to grow rapidly in the coming years, driven by several factors, including rising government investments in smart city projects and infrastructure development, growing deployments of IoT devices, and increasing deployments of smart thermostats.
The Saudi Arabian government has launched initiatives such as the "Saudi Vision 2030" program, which aims to reduce the country's dependence on oil and diversify its economy. This program has created a need for smart thermostats that can integrate with smart grids and provide real-time energy usage data.
Furthermore, the commercial sector in Saudi Arabia, with its large energy consumption, is a prime target for energy efficiency measures, which improves the demand for smart thermostats, thereby driving the growth of the smart thermostat market.
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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 Saudi Arabia smart thermostat market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia smart thermostat market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia smart thermostat market size, by technology, 2018-2030 (US$M)
Saudi Arabia Smart Thermostat Market Outlook Share, 2024 & 2030 (US$M)
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