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Report Overview

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

United States Smart Thermostat Market Outlook

The United States smart thermostat market would likely grow at a CAGR of 16.9% during 2025-2034. Smart thermostats manage a home's cooling and heating; generally, smart thermostats are app-enabled devices and offer several different features.

united states smart thermostat market

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Being smart devices, several thermostats may be regulated through voice command. Some smart thermostats employ occupancy sensors to ascertain if the resident is home or outside to automatically change temperature. Many thermostats automatically shift between away and home modes on the basis of the phone's location of the resident. Certain devices use remote temperature and proximity sensors to increase the detection range of the thermostat to other areas of the house. 

Market Likely to be Driven by Advanced Features Offered by Smart Thermostats

Most smart thermostats are connected through Wi-Fi to an app on the consumer’s phone. The app is used to schedule and regulate heating or cooling, and modify the temperature of the house; it may also set up automations with other smart devices. There also are programmable thermostats that are not connected with an app, but are capable of scheduling cooling and heating routines via a touchscreen display.

Smart thermostat makes life easier as it may be scheduled to heat early in the morning to avoid the chill in the air, or initiate air conditioning some time before entering the house to find it cool. Smart thermostats with apps don’t require a person to get up to make changes to the temperature. This feature is particularly useful for individuals with mobility challenges. 

Modern Thermostats Display Useful Features

Smart thermostats may act as safety devices when linked to a fire-listening device or smart smoke alarms. In the event of a fire, the thermostat automatically switches off the HVAC to prevent the spread of fire due to blowing air. 

Modern smart thermostats display some useful features. For example, smart thermostats exhibit learning. Learning thermostats memorizes schedules to automatically change the temperature to suit consumers’ needs. Learning routines may also help save money on cooling and heating as the HVAC system, heat pump, or furnace will not run when not needed.

Such features are expected to boost the United States smart thermostat market.

Many smart thermostats allow adjustment of temperature via voice command to Amazon Alexa, Google Assistant, and Apple’s Siri. So even if the phone is not close enough, temperature may be adjusted through a simple voice command.   

Smart Thermostats May Help Save Electricity and Money

Several smart thermostats enable energy use tracking. Some offer energy-saving presets that help regulate smart cooling and heating in a cost-efficient manner, thereby contributing to smaller electricity bills. In a smart home setup, the smart thermostat may be added to automations with other smart devices. An automation may be created to lower the thermostat, turn off smart lights, and arm the smart home security system. Such features are expected to boost the United States smart thermostat market

Popular smart thermostats include Ecobee Smart Thermostat Premium, Nest Learning Thermostat v.3, Amazon Smart Thermostat, Honeywell RTH8580WF Wi-Fi Thermostat, Nest Thermostat, Ecobee3 Lite, Sensibo Sky, Nest Thermostat E, Honeywell Home T9 Smart Thermostat, and others. 

Market Segmentation

united states smart thermostat market by segments

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By product, the market is segmented into:

  • Connected
  • Standalone
  • Learning

By technology, the United States smart thermostat market is divided into:

  • Wired
  • Wireless (further broken down by type as given below)
    • Wi-Fi
    • Bluetooth
    • Zigbee
    • Others

By application, the market is classified into:

  • Commercial
  • Residential
  • Industrial

By region, the market is segmented into:

  • New England
  • Mideast
  • Great Lakes
  • Plains
  • Southeast
  • Southwest
  • Rocky Mountain
  • Far West

united states smart thermostat market report

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Key Industry Players in the Market

The report offers an extensive assessment of major players in the United States smart thermostat market; it evaluates their capability, observes latest occurrences such as mergers and acquisitions, capacity expansions, and plant turnarounds:

  • Honeywell International Inc
  • Johnson Controls
  • Emerson Electric Co.
  • Carrier Corporation
  • Bosch Thermotechnology Corp.
  • Lux Products Corporation
  • ecobee Inc.
  • Vivint, Inc
  • Radio Thermostat Company of America
  • Lennox International Inc.
  • Others

Using SWOT analysis and Porter’s Five Forces model, the EMR report offers deep insights into the industry.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Technology
  • Application
  • Region
Breakup by Product
  • Connected
  • Standalone
  • Learning
Breakup by Technology
  • Wired
  • Wireless
Breakup by Application
  • Commercial
  • Residential
  • Industrial
Breakup by Region
  • New England
  • Mideast
  • Great Lakes
  • Plains
  • Southeast
  • Southwest
  • Rocky Mountain
  • Far West
Market Dynamics
  • SWOT Analysis 
  • Porter's Five Forces Analysis 
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Honeywell International Inc
  • Johnson Controls
  • Emerson Electric Co.
  • Carrier Corporation
  • Bosch Thermotechnology Corp.
  • Lux Products Corporation
  • ecobee Inc.
  • Vivint, Inc
  • Radio Thermostat Company of America
  • Lennox International Inc.
  • Others

United States Smart Thermostat Market Report Snapshots

United States Smart Thermostat Market Size

United States Smart Thermostat Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is projected to grow at a CAGR of 16.9% between 2025 and 2034.

The major drivers of the market are rising energy costs, increasing consumer awareness, and improving standards of living.

The key trends guiding the growth of the market include remote controlled smart thermostats via smartphones and other devices, inclusion of further smart features, and research and development activities to develop advanced products.

The major regions in the United States smart thermostat market are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.

Connected, standalone, and learning are the various products of smart thermostats in the market.

Technologies used for smart thermostat are wired and wireless, with wireless further subdivided into Wi-Fi, Bluetooth, and Zigbee, among others.

The different applications of smart thermostats in the market are commercial, residential, and industrial.

Smart thermostats are intelligent and improved versions of traditional thermostats that can regulate the cooling and heating of a home of building based on various parameters such as remote instructions, occupancy, or weather, among others.

Smart thermostats support greater ease and accuracy in temperature management as compared to traditional thermostats, helping reduce cooling and heating expenses while maintaining comfortable temperatures.

The major players in the market are Honeywell International Inc, Johnson Controls, Emerson Electric Co., Carrier Corporation, Bosch Thermotechnology Corp., Lux Products Corporation, ecobee Inc., Vivint, Inc, Radio Thermostat Company of America, and Lennox International Inc., among others.

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