PUBLISHER: Grand View Research | PRODUCT CODE: 1789869
PUBLISHER: Grand View Research | PRODUCT CODE: 1789869
Connected Thermostat Market Summary
The global connected thermostat market size was estimated at USD 2,309.2 million in 2024 and is projected to reach USD 8,169.7million by 2033, growing at a CAGR of 15.0% from 2025 to 2033. The market is witnessing significant growth due to increasing adoption of smart home technologies, demand for energy efficiency, and rising awareness about environmental sustainability.
Connected thermostats offer real-time remote control, learning capabilities, and automation that enhance user convenience and reduce energy consumption. The adoption of connected thermostats is gaining traction across residential, commercial, and industrial sectors as users seek data-driven climate control solutions. In addition, utility companies are deploying connected thermostats as part of demand response programs to optimize grid usage, which is further stimulating market growth.
Global Connected Thermostat Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research, Inc has segmented the global connected thermostat market report based on connectivity technology, distribution channel, application, end use, and region: