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PUBLISHER: Grand View Research | PRODUCT CODE: 1789887
PUBLISHER: Grand View Research | PRODUCT CODE: 1789887
U.S. Connected Thermostat Market Size, Share & Trends Analysis Report By Connectivity Technology, By End Use, By Application, By Distribution Channel, And Segment Forecasts, 2025 - 2033
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PAGES: 150 Pages
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U.S. Connected Thermostat Market Summary
The U.S. connected thermostat market size was estimated at USD 647.3 million in 2024 and is expected to reach USD 2,186.5 million by 2033, growing at a CAGR of 14.4% 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 momentum across the
U.S. residential, commercial, and industrial sectors as users seek data-driven climate control solutions. Additionally, utility companies in the U.S. are increasingly integrating connected thermostats into demand response programs to enhance grid efficiency, further propelling market expansion.
U.S. Connected Thermostat Market Report Segmentation
This report forecasts revenue growth at a country level 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 U.S. connected thermostat market report based on connectivity technology, distribution channel, application, and end use.
- Connectivity Technology Outlook (Revenue, USD Million, 2021 - 2033)
- Commercial
- Residential
- Industrial
- Distribution Channel Outlook (Revenue, USD Million, 2021 - 2033)
- Wi-Fi Enabled
- Bluetooth Thermostats
- Application Outlook (Revenue, USD Million, 2021 - 2033)
- Online
- Retail Stores
- Wholesale Stores
- Others
- End Use Outlook (Revenue, USD Million, 2021 - 2033)
- New Construction
- Retrofit & Renovation
Product Code: GVR-4-68040-670-5
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. U.S. Connected Thermostat Market Variables, Trends & Scope
- 3.1. Market Concentration & Growth Prospect Mapping
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material/Component Outlook
- 3.2.2. Manufacturer Outlook
- 3.2.3. Distribution Outlook
- 3.2.4. End User Outlook
- 3.3. Regulatory Framework
- 3.4. Technology Overview
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Challenges Analysis
- 3.5.4. Market Opportunity Analysis
- 3.6. Economic Mega-Trend Analysis
- 3.7. Industry Analysis Tools
- 3.7.1. Porter's Five Forces Analysis
- 3.7.2. Macro-environmental Analysis
Chapter 4. U.S. Connected Thermostat Market: Connectivity Technology Estimates & Trend Analysis
- 4.1. Connectivity Technology Movement Analysis & Market Share, 2024 & 2033
- 4.2. U.S. Connected Thermostat Market Estimates & Forecast, By Connectivity Technology, 2021 to 2033 (USD Million)
- 4.3. Wi-Fi Enabled
- 4.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.4. Bluetooth Thermostats
- 4.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 5. U.S. Connected Thermostat Market: Distribution Channel Estimates & Trend Analysis
- 5.1. Distribution Channel Movement Analysis & Market Share, 2024 & 2033
- 5.2. U.S. Connected Thermostat Market Estimates & Forecast, By Distribution Channel, 2021 to 2033 (USD Million)
- 5.3. Online
- 5.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.4. Retail Stores
- 5.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.5. Wholesale Stores
- 5.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.6. Others
- 5.6.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 6. U.S. Connected Thermostat Market: Application Estimates & Trend Analysis
- 6.1. Application Movement Analysis & Market Share, 2024 & 2033
- 6.2. U.S. Connected Thermostat Market Estimates & Forecast, By Application, 2021 to 2033 (USD Million)
- 6.3. New Construction
- 6.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.4. Retrofit & Renovation
- 6.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 7. U.S. Connected Thermostat Market: End Use Estimates & Trend Analysis
- 7.1. End Use Movement Analysis & Market Share, 2024 & 2033
- 7.2. U.S. Connected Thermostat Market Estimates & Forecast, By End Use, 2021 to 2033 (USD Million)
- 7.3. Commercial
- 7.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 7.4. Residential
- 7.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 7.5. Industrial
- 7.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 7. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Key Company/Competition Categorization
- 8.3. Strategic Framework
- 8.4. Company Market Position Analysis
- 8.5. Company Heat Map Analysis
- 8.6. Strategy Mapping
Chapter 9. Company Profiles
- 9.1. Honeywell International Inc.
- 9.1.1. Company Overview
- 9.1.2. Financial performance
- 9.1.3. Material benchmarking
- 9.1.4. Strategic initiatives
- 9.2. Trane
- 9.2.1. Company Overview
- 9.2.2. Financial performance
- 9.2.3. Material benchmarking
- 9.2.4. Strategic initiatives
- 9.3. Carrier
- 9.3.1. Company Overview
- 9.3.2. Financial performance
- 9.3.3. Material benchmarking
- 9.3.4. Strategic initiatives
- 9.4. ecobee
- 9.4.1. Company Overview
- 9.4.2. Financial performance
- 9.4.3. Material benchmarking
- 9.4.4. Strategic initiatives
- 9.5. Copeland LP
- 9.5.1. Company Overview
- 9.5.2. Financial performance
- 9.5.3. Material benchmarking
- 9.5.4. Strategic initiatives
- 9.6. EME Delaware Inc
- 9.6.1. Company Overview
- 9.6.2. Financial performance
- 9.6.3. Material benchmarking
- 9.6.4. Strategic initiatives
- 9.7. Robert Bosch GmbH
- 9.7.1. Company Overview
- 9.7.2. Financial performance
- 9.7.3. Material benchmarking
- 9.7.4. Strategic initiatives
- 9.9. DAIKIN INDUSTRIES, LTD
- 9.9.1. Company Overview
- 9.9.2. Financial performance
- 9.9.3. Material benchmarking
- 9.9.4. Strategic initiatives
- 9.9. Rheem Manufacturing Company
- 9.9.1. Company Overview
- 9.9.2. Financial performance
- 9.9.3. Material benchmarking
- 9.9.4. Strategic initiatives
- 9.10. Lennox International Inc.
- 9.10.1. Company Overview
- 9.10.2. Financial performance
- 9.10.3. Material benchmarking
- 9.10.4. Strategic initiatives
Product Code: GVR-4-68040-670-5
List of Tables
- Table 1. U.S. connected thermostat market estimates and forecasts, 2021 - 2033 (USD Million)
- Table 2. U.S. connected thermostat market estimates and forecasts, by connectivity technology, 2021 - 2033 (USD Million)
- Table 3. U.S. connected thermostat market estimates and forecasts, by distribution channel, 2021 - 2033 (USD Million)
- Table 4. U.S. connected thermostat market estimates and forecasts, by application, 2021 - 2033 (USD Million)
- Table 5. U.S. connected thermostat market estimates and forecasts, by end use, 2021 - 2033 (USD Million)
- Table 6. Company Heat Map Analysis, 2024
- Table 7. Strategy Mapping
List of Figures
- Fig. 1 Market research process
- Fig. 2 Data triangulation techniques
- Fig. 3 Primary research pattern
- Fig. 4 Market research approaches
- Fig. 5 QFD modeling for market share assessment
- Fig. 6 Information Procurement
- Fig. 7 Market Formulation and Validation
- Fig. 8 Data Validating & Publishing
- Fig. 9 Market Segmentation & Scope
- Fig. 10 U.S. Connected Thermostat Market Snapshot
- Fig. 11 Segment Snapshot
- Fig. 12 Competitive Landscape Snapshot
- Fig. 13 Parent market outlook
- Fig. 14 U.S. Connected Thermostat Market Value, 2024 (USD Million)
- Fig. 15 U.S. Connected Thermostat Market - Value Chain Analysis
- Fig. 16 U.S. Connected Thermostat Market - Market Dynamics
- Fig. 17 U.S. Connected Thermostat Market - PORTER's Analysis
- Fig. 18 U.S. Connected Thermostat Market - PESTEL Analysis
- Fig. 19 U.S. Connected Thermostat Market Estimates & Forecasts, By Connectivity Technology: Key Takeaways
- Fig. 20 U.S. Connected Thermostat Market Share, By Connectivity Technology, 2024 & 2033
- Fig. 21 U.S. Connected Thermostat Market Estimates and Forecast, By Wi-Fi Enabled, 2021 - 2033 (USD Million)
- Fig. 22 U.S. Connected Thermostat Market Estimates and Forecast, By Bluetooth Thermostats, 2021 - 2033 (USD Million)
- Fig. 23 U.S. Connected Thermostat Market Estimates & Forecasts, By Distribution Channel: Key Takeaways
- Fig. 24 U.S. Connected Thermostat Market Share, By Distribution Channel, 2024 & 2033
- Fig. 25 U.S. Connected Thermostat Market Estimates and Forecast, By Online, 2021 - 2033 (USD Million)
- Fig. 26 U.S. Connected Thermostat Market Estimates and Forecast, By Retail Stores, 2021 - 2033 (USD Million)
- Fig. 27 U.S. Connected Thermostat Market Estimates and Forecast, By Wholesale Stores, 2021 - 2033 (USD Million)
- Fig. 28 U.S. Connected Thermostat Market Estimates and Forecast, By Other Channels, 2021 - 2033 (USD Million)
- Fig. 29 U.S. Connected Thermostat Market Estimates & Forecasts, By Application: Key Takeaways
- Fig. 30 U.S. Connected Thermostat Market Share, By Application, 2024 & 2033
- Fig. 31 U.S. Connected Thermostat Market Estimates and Forecast, By New Construction, 2021 - 2033 (USD Million)
- Fig. 32 U.S. Connected Thermostat Market Estimates and Forecast, By Retrofit & Renovation, 2021 - 2033 (USD Million)
- Fig. 33 U.S. Connected Thermostat Market Estimates & Forecasts, By End Use: Key Takeaways
- Fig. 34 U.S. Connected Thermostat Market Share, By End Use, 2024 & 2033
- Fig. 35 U.S. Connected Thermostat Market Estimates and Forecast, In Commercial, 2021 - 2033 (USD Million)
- Fig. 36 U.S. Connected Thermostat Market Estimates and Forecast, In Residential, 2021 - 2033 (USD Million)
- Fig. 37 U.S. Connected Thermostat Market Estimates and Forecast, In Industrial, 2021 - 2033 (USD Million)
- Fig. 38 Key Company Categorization
- Fig. 39 Company Market Positioning
- Fig. 40 Key Company Market Share Analysis, 2024
- Fig. 41 Strategy Mapping
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