Market Overview:
The global line-voltage thermostats market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient devices and the growing awareness about energy conservation among consumers. In addition, the increasing adoption of smart homes has led to an increase in demand for line-voltage thermostats. The single pole wiring segment is expected to dominate the global line-voltage thermostats market during the forecast period. This can be attributed to its low installation cost and easy installation process as compared to double pole wiring systems.
Product Definition:
Line-voltage thermostats are used to control the temperature of a room or building by regulating the flow of electricity to a heating or cooling unit. They are important because they help maintain a comfortable environment for people and animals, and can save energy by regulating the temperature more efficiently than other methods.
Single Pole Wiring:
Single pole wiring is a system used to connect the load side of a electric thermostat to the power source. It has only one wire going into it's terminal, which is connected to either the black or white wires coming from the wall outlet. The other end of this single-wire thermostat can be attached to any device that requires heat such as an radiator, water pipes, or even under your pillow at night for sleep mode operation.
Double Pole Wiring:
Double pole wiring is a type of electric supply that has two sets of wires coming from the main electrical source. It can be used in line-voltage thermostats to provide power to both heating and cooling devices. The two sets of wires are connected at each end with a switch that allows either set of wires to be used for operating the device depending on whether it is heating or cooling season.
Application Insights:
The residential use segment dominated the global line-voltage thermostats market in 2017. This can be attributed to growing urbanization and increasing disposable income across various regions, including Asia Pacific and Middle East & Africa. Moreover, a rise in infrastructural development across residential areas is expected to propel demand for these devices over the forecast period.
Commercial applications are anticipated to witness significant growth over the forecast period owing to rising investments from public sector enterprises and commercial institutions in energy conservation measures. Furthermore, stringent regulations regarding energy consumption at commercial facilities are likely to boost product adoption over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for energy-efficient products in countries, such as China and India. Moreover, rising number of commercial buildings in countries like China and Japan are projected to drive the product demand further.
North America accounted for more than 25% share of global revenue in 2017 on account of high penetration rate of line-voltage thermostats used for space heating and water heating applications in U.S., Canada, and Mexico. The region is characterized by presence of major players such as Honeywell International Inc.; Nest; Johnson Controls; Emerson Electric Co.; Fujitsu General Ltd.; Mitsubishi Electric Corporation; Panasonic Corporation; Yokogawa Electric Corp., etc.
Growth Factors:
- Increasing demand for energy-efficient devices: Line-voltage thermostats help save energy and reduce greenhouse gas emissions, which is driving their adoption in residential and commercial buildings.
- Rising awareness about the benefits of using line-voltage thermostats: Consumers are becoming more aware of the benefits of using line-voltage thermostats, such as improved comfort, reduced energy costs, and longer equipment life. This is helping to drive market growth.
- Growing popularity of smart homes: The growing popularity of smart homes is also benefiting the line-voltage thermostat market as these devices can be controlled remotely via smartphones or other connected devices.
- Technological advancements: Ongoing technological advancements are resulting in the development of new and innovative line-voltage thermostat products that offer enhanced performance and features. This is helping to fuel market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Line-Voltage Thermostats Market Research Report
By Type
Single Pole Wiring, Double Pole Wiring
By Application
Residential Use, Commercial Use
By Companies
Honeywell, Johnson Controls, Emerson, Siemens, Robertshaw, Dayton, PECO Manufacturing, Stelpro, Marley, King Electric, Cadet
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Line-Voltage Thermostats Market Report Segments:
The global Line-Voltage Thermostats market is segmented on the basis of:
Types
Single Pole Wiring, Double Pole Wiring
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Use, Commercial Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Honeywell
- Johnson Controls
- Emerson
- Siemens
- Robertshaw
- Dayton
- PECO Manufacturing
- Stelpro
- Marley
- King Electric
- Cadet
Highlights of The Line-Voltage Thermostats Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Pole Wiring
- Double Pole Wiring
- By Application:
- Residential Use
- Commercial Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Line-Voltage Thermostats Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A line-voltage thermostat is a type of thermostat that uses a standard household power outlet. These thermostats are typically used in larger homes or buildings where there is more than one heating and cooling system. Line-voltage thermostats are often more expensive than other types of thermostats, but they offer several advantages over other types of thermosets.
Some of the key players operating in the line-voltage thermostats market are Honeywell, Johnson Controls, Emerson, Siemens, Robertshaw, Dayton, PECO Manufacturing, Stelpro, Marley, King Electric, Cadet.
The line-voltage thermostats market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Line-Voltage Thermostats Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Line-Voltage Thermostats Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Line-Voltage Thermostats Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Line-Voltage Thermostats Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Line-Voltage Thermostats Market Size & Forecast, 2020-2028 4.5.1 Line-Voltage Thermostats Market Size and Y-o-Y Growth 4.5.2 Line-Voltage Thermostats Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Single Pole Wiring
5.2.2 Double Pole Wiring
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential Use
6.2.2 Commercial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Line-Voltage Thermostats Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Line-Voltage Thermostats Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Single Pole Wiring
9.6.2 Double Pole Wiring
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential Use
9.10.2 Commercial Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Single Pole Wiring
10.6.2 Double Pole Wiring
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential Use
10.10.2 Commercial Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Single Pole Wiring
11.6.2 Double Pole Wiring
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential Use
11.10.2 Commercial Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Single Pole Wiring
12.6.2 Double Pole Wiring
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential Use
12.10.2 Commercial Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Single Pole Wiring
13.6.2 Double Pole Wiring
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential Use
13.10.2 Commercial Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Line-Voltage Thermostats Market: Competitive Dashboard
14.2 Global Line-Voltage Thermostats Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell
14.3.2 Johnson Controls
14.3.3 Emerson
14.3.4 Siemens
14.3.5 Robertshaw
14.3.6 Dayton
14.3.7 PECO Manufacturing
14.3.8 Stelpro
14.3.9 Marley
14.3.10 King Electric
14.3.11 Cadet