A thermostat is a component which senses the temperature of a physical system and performs actions so that the system's temperature is maintained near a desired setpoint. Thermostats are used in any device or system that heats or cools to a setpoint temperature, examples include building heating, central heating, air conditioners, HVAC systems, water heaters, as well as kitchen equipment including ovens and refrigerators and medical and scientific incubators.
The industry's leading manufacturers are Google Nest, Honeywell and EcoBee, which accounted for 20.21%, 14.42% and 14.40% of revenue in 2019, respectively.

Market Analysis and Insights: Global Thermostat Market
The global Thermostat market was valued at US$ 2228 in 2020 and will reach US$ 4144.8 million by the end of 2027, growing at a CAGR of 10.9% during 2022-2027.

Global Thermostat Scope and Market Size
The global Thermostat market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Thermostat market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.

Segment by Type
Non-Programmable Type
Programmable Type
Smart Type
WiFi Type

Segment by Application
Business
Industrial
Residential

The Thermostat market is analysed and market size information is provided by regions (countries). Segment by Application, the Thermostat market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.

By Company
Google Nest
Honeywell
EcoBee
Schneider Electric
Emerson
Carrier
Energate Inc.
Tado GmbH
Control4
Netatmo
Hive Home
Trane
Johnston Controls
DANFOSS
Siemens
Saswell
Computime
Shenzhen Topband
HaiLin Energy Technology