The global room thermostats for air conditioning market is expected to grow at a CAGR of 5.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for energy-efficient and cost-effective solutions in the residential and commercial sectors. The increasing awareness about climate change and its impact on human health is also driving the demand for energy efficient solutions such as room thermostats for air conditioning.
The global room thermostats for air conditioning market has been segmented on the basis of type, application, and region. On the basis of type, it has been segmented into mechanical room thermostats, electrical room thermostats, and smart room thermostats; while on the basis of application it has been segmented into office buildings, homes, shopping malls & hotels. Geographically it has been analyzed across North America (US, Canada), Latin America (Mexico), Europe (Germany), Asia Pacific (China) and Middle East & Africa (Saudi Arabia).
Some Of The Growth Factors Of This Market:
- The increasing demand for air conditioning systems in the residential and commercial sectors is a key factor driving the growth of the market.
- The increasing awareness about energy efficiency and sustainability is also driving the growth of this market.
- The growing population, especially in developing countries, will lead to an increase in demand for air conditioning systems which will drive this market's growth over the forecast period.
- Increasing urbanization and industrialization are also expected to fuel this market's growth over the forecast period as more people move into cities and industries become more mechanized leading to increased need for cooling systems in these areas respectively.
- Increasing disposable income levels across emerging economies such as China, India, Brazil, Russia etc, coupled with a rise in living standards are expected to drive demand for air conditioning systems which will fuel this market's growth over the forecast period.
Industry Growth Insights published a new data on “Room Thermostats for Air Conditioning Market”. The research report is titled “Room Thermostats for Air Conditioning Market research by Types (Mechanical Room Thermostats, Electrical Room Thermostats, Smart Room Thermostats), By Applications (Office, Home, Shopping Malls, Hotels), By Players/Companies Honeywell, Siemens, Johnson Controls, Schneider-electri, Danfoss, NEST, Carrier, VENSTAR, EMERSON, Trane, KMC, saswell, ASIC, ABB, Viconics, Hailin, YiKeCHENG, TELIN, Henan Development Alliance Automatic”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Room Thermostats for Air Conditioning Market Research Report
By Type
Mechanical Room Thermostats, Electrical Room Thermostats, Smart Room Thermostats
By Application
Office, Home, Shopping Malls, Hotels
By Companies
Honeywell, Siemens, Johnson Controls, Schneider-electri, Danfoss, NEST, Carrier, VENSTAR, EMERSON, Trane, KMC, saswell, ASIC, ABB, Viconics, Hailin, YiKeCHENG, TELIN, Henan Development Alliance Automatic
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Room Thermostats for Air Conditioning Market Report Segments:
The global Room Thermostats for Air Conditioning market is segmented on the basis of:
Types
Mechanical Room Thermostats, Electrical Room Thermostats, Smart Room Thermostats
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
Office, Home, Shopping Malls, Hotels
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
- Siemens
- Johnson Controls
- Schneider-electri
- Danfoss
- NEST
- Carrier
- VENSTAR
- EMERSON
- Trane
- KMC
- saswell
- ASIC
- ABB
- Viconics
- Hailin
- YiKeCHENG
- TELIN
- Henan Development Alliance Automatic
Highlights of The Room Thermostats for Air Conditioning 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:
- Mechanical Room Thermostats
- Electrical Room Thermostats
- Smart Room Thermostats
- By Application:
- Office
- Home
- Shopping Malls
- Hotels
- 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 Room Thermostats for Air Conditioning 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.
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- 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?
Room thermostats are used to control the temperature in a room. They can be set to a specific temperature, or they can be set to maintain a certain temperature.
Some of the major players in the room thermostats for air conditioning market are Honeywell, Siemens, Johnson Controls, Schneider-electri, Danfoss, NEST, Carrier, VENSTAR, EMERSON, Trane, KMC, saswell, ASIC, ABB, Viconics, Hailin, YiKeCHENG, TELIN, Henan Development Alliance Automatic.
The room thermostats for air conditioning market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Room Thermostats for Air Conditioning Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Room Thermostats for Air Conditioning Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Room Thermostats for Air Conditioning Market - Supply Chain
4.5. Global Room Thermostats for Air Conditioning Market Forecast
4.5.1. Room Thermostats for Air Conditioning Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Room Thermostats for Air Conditioning Market Size (000 Units) and Y-o-Y Growth
4.5.3. Room Thermostats for Air Conditioning Market Absolute $ Opportunity
5. Global Room Thermostats for Air Conditioning Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Room Thermostats for Air Conditioning Market Size and Volume Forecast by Type
5.3.1. Mechanical Room Thermostats
5.3.2. Electrical Room Thermostats
5.3.3. Smart Room Thermostats
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Room Thermostats for Air Conditioning Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Room Thermostats for Air Conditioning Market Size and Volume Forecast by Application
6.3.1. Office
6.3.2. Home
6.3.3. Shopping Malls
6.3.4. Hotels
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Room Thermostats for Air Conditioning Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Room Thermostats for Air Conditioning Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Room Thermostats for Air Conditioning Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Room Thermostats for Air Conditioning Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Room Thermostats for Air Conditioning Demand Share Forecast, 2019-2026
9. North America Room Thermostats for Air Conditioning Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Room Thermostats for Air Conditioning Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Room Thermostats for Air Conditioning Market Size and Volume Forecast by Application
9.4.1. Office
9.4.2. Home
9.4.3. Shopping Malls
9.4.4. Hotels
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Room Thermostats for Air Conditioning Market Size and Volume Forecast by Type
9.7.1. Mechanical Room Thermostats
9.7.2. Electrical Room Thermostats
9.7.3. Smart Room Thermostats
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Room Thermostats for Air Conditioning Demand Share Forecast, 2019-2026
10. Latin America Room Thermostats for Air Conditioning Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Room Thermostats for Air Conditioning Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Room Thermostats for Air Conditioning Market Size and Volume Forecast by Application
10.4.1. Office
10.4.2. Home
10.4.3. Shopping Malls
10.4.4. Hotels
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Room Thermostats for Air Conditioning Market Size and Volume Forecast by Type
10.7.1. Mechanical Room Thermostats
10.7.2. Electrical Room Thermostats
10.7.3. Smart Room Thermostats
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Room Thermostats for Air Conditioning Demand Share Forecast, 2019-2026
11. Europe Room Thermostats for Air Conditioning Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Room Thermostats for Air Conditioning Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Room Thermostats for Air Conditioning Market Size and Volume Forecast by Application
11.4.1. Office
11.4.2. Home
11.4.3. Shopping Malls
11.4.4. Hotels
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Room Thermostats for Air Conditioning Market Size and Volume Forecast by ype
11.7.1. Mechanical Room Thermostats
11.7.2. Electrical Room Thermostats
11.7.3. Smart Room Thermostats
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Room Thermostats for Air Conditioning Demand Share, 2019-2026
12. Asia Pacific Room Thermostats for Air Conditioning Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Room Thermostats for Air Conditioning Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Room Thermostats for Air Conditioning Market Size and Volume Forecast by Application
12.4.1. Office
12.4.2. Home
12.4.3. Shopping Malls
12.4.4. Hotels
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Room Thermostats for Air Conditioning Market Size and Volume Forecast by Type
12.7.1. Mechanical Room Thermostats
12.7.2. Electrical Room Thermostats
12.7.3. Smart Room Thermostats
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Room Thermostats for Air Conditioning Demand Share, 2019-2026
13. Middle East & Africa Room Thermostats for Air Conditioning Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Room Thermostats for Air Conditioning Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Room Thermostats for Air Conditioning Market Size and Volume Forecast by Application
13.4.1. Office
13.4.2. Home
13.4.3. Shopping Malls
13.4.4. Hotels
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Room Thermostats for Air Conditioning Market Size and Volume Forecast by Type
13.7.1. Mechanical Room Thermostats
13.7.2. Electrical Room Thermostats
13.7.3. Smart Room Thermostats
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Room Thermostats for Air Conditioning Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Room Thermostats for Air Conditioning Market: Market Share Analysis
14.2. Room Thermostats for Air Conditioning Distributors and Customers
14.3. Room Thermostats for Air Conditioning Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Honeywell
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Johnson Controls
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Schneider-electri
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Danfoss
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. NEST
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Carrier
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. VENSTAR
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. EMERSON
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Trane
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. KMC
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. saswell
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. ASIC
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. ABB
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Viconics
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Hailin
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. YiKeCHENG
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. TELIN
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Henan Development Alliance Automatic
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
