Smart Thermostat Market Size

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Report ID: 5030
Published Date: Sep 11, 2025
Report Format: PDF, PPT

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Smart Thermostat Market Outlook:

Smart Thermostat Market size was over USD 5.45 billion in 2025 and is poised to exceed USD 30.78 billion by 2035, witnessing over 18.9% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of smart thermostat is estimated at USD 6.38 billion.

The popularity of smart thermostats has increased owing to the rising trend of HVAC controls across the globe. The HVAC industry generated a revenue of USD 17 Billion in 2022 and is poised to grow and reach USD 30 Billion by 2028.

A smart thermostat is an advanced product that monitors the temperature of space inside a building or a home and maintains a constant temperature. These devices are very much beneficial in heating up and cooling down the temperature as per the requirement while maintaining energy-saving measures. The demand for advanced solutions for a leisure lifestyle and enhanced comfort is also growing. This factor is anticipated to promote the need for smart thermostats in the upcoming years.

Browse key industry insights with market data tables & charts from the report:

Smart Thermostat Market Size, Share & Trends Forecast 2035

Frequently Asked Questions (FAQ)

In the year 2026, the industry size of smart thermostat is estimated at USD 6.38 billion.

The global smart thermostat market size was more than USD 5.45 billion in 2025 and is anticipated to witness a CAGR of over 18.9%, crossing USD 30.78 billion revenue by 2035.

The Asia Pacific smart thermostat market is projected to capture a 35% share by 2035, driven by burgeoning population demanding efficient and eco-friendly climate control solutions, supported by stringent regulations in India, China, and Japan.

Key players in the market include Google Nest (Google LLC), Ecobee, Inc., Honeywell International Inc., Emerson Electric Co., Tado GmbH, Ingersoll Rand, Nortek (NTK Holdings, Inc.), Schneider Electric SE, Carrier Global Corporation, Control4 Corporation (Snap One, LLC).