UK Smart Thermostat Market Size & Outlook, 2024-2030
UK smart thermostat market, 2018-2030 (US$M)
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UK smart thermostat market highlights
- The UK smart thermostat market generated a revenue of USD 214.5 million in 2024 and is expected to reach USD 542.1 million by 2030.
- The UK market is expected to grow at a CAGR of 17.4% 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.
Smart thermostat market data book summary
| Market revenue in 2024 | USD 214.5 million |
| Market revenue in 2030 | USD 542.1 million |
| Growth rate | 17.4% (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, UK accounted for 4.3% 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 Europe, Germany smart thermostat market is projected to lead the regional market in terms of revenue in 2030.
- Norway is the fastest growing regional market in Europe and is projected to reach USD 178.4 million by 2030.
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Smart Thermostat Market Scope
Smart Thermostat Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 75.48% in 2024. Horizon Databook has segmented the UK smart thermostat market based on wi-fi, zigbee, lorawan covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of this market is driven by increasing awareness about energy conservation, rising demand for smart home devices, and the growing need for remote access solutions. The UK's emphasis on energy efficiency and sustainability is a primary driver for smart thermostat adoption.
These devices help reduce energy consumption and lower heating bills. The UK government has launched initiatives such as the Smart Metering Implementation Programme, which aims to install smart meters in all homes by 2025.
Furthermore, high Gross Domestic Product (GDP), increased standard of living, technologically friendly population, and favorable government initiatives support the adoption of smart home devices and technologies, which is expected to drive 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 UK smart thermostat market , including forecasts for subscribers. This country databook contains high-level insights into UK smart thermostat market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK smart thermostat market size, by technology, 2018-2030 (US$M)
UK Smart Thermostat Market Outlook Share, 2024 & 2030 (US$M)
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