U.S. Smart Thermostat Market Size & Outlook, 2023-2030
U.S. smart thermostat market, 2018-2030 (US$M)
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U.S. smart thermostat market highlights
- The U.S. smart thermostat market generated a revenue of USD 2,258.0 million in 2023 and is expected to reach USD 6,259.8 million by 2030.
- The U.S. market is expected to grow at a CAGR of 15.7% 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.
Smart thermostat market data book summary
| Market revenue in 2023 | USD 2,258.0 million |
| Market revenue in 2030 | USD 6,259.8 million |
| Growth rate | 15.7% (CAGR from 2023 to 2030) |
| Largest segment | Wi-fi |
| Fastest growing segment | Zigbee |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, U.S. accounted for 51.0% of the global smart thermostat market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. smart thermostat market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,499.0 million by 2030.
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Smart Thermostat Market Scope
Smart Thermostat Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 66.88% in 2023. Horizon Databook has segmented the U.S. 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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. smart thermostat market , including forecasts for subscribers. This country databook contains high-level insights into U.S. smart thermostat market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. smart thermostat market size, by technology, 2018-2030 (US$M)
U.S. Smart Thermostat Market Outlook Share, 2023 & 2030 (US$M)
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