United States Thermostat Market Size, Share, and COVID-19 Impact Analysis, By Product (Smart, Mechanical, and Programmable), By Application (New Construction and Retrofit & Renovation), and United States Thermostat Market Insights, Industry Trend, Forecasts to 2035

United States Thermostat Market Insights Forecasts to 2035

• The US Thermostat Market Size Was Estimated at USD 1800.4 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 17.99% from 2025 to 2035
• The US Thermostat Market Size is Expected to Reach USD 11107.7 Million by 2035

According to a research report published by Spherical Insights & Consulting, the United States Thermostat Market Size is Anticipated to Reach USD 11107.7 Million by 2035, Growing at a CAGR of 17.99% from 2025 to 2035. The expansion of the United States thermostat market is propelled by the growing popularity of smart home technology and the growing need for energy-efficient temperature management systems.

Market Overview

A thermostat is a regulating control that detects a system's temperature and maintains it close to a desired level by turning on or off heating or cooling or modifying flow as necessary. Smart thermostats offer automated climate control, remote access, and integration with voice-assistants and Internet-of-Things (IoT) ecosystems for an array of homes and businesses that are becoming more interconnected. This connectivity is fostering a trend toward technology and additional consumer incentives to build smart temperature management systems that can help optimize energy use and save on utility bills amidst rising energy costs, greater awareness of sustainability, and the need to reduce carbon footprint. On the technical side, thermostats are getting smart and more energy efficient, which can allow users to modify temperatures from a distance and reduce energy consumption. While governmental measures promote energy conservation with various incentives and restrictions, increasing environmental awareness nudges individuals to select greener alternatives. These variables create an increasing demand for sophisticated thermal controls, which is helping fuel continued growth.

The U.S. Department of Energy’s State Energy Program (SEP) awards billions of dollars in grants to state energy offices. Governments use SEP funding to help develop or expand marketing campaigns and rebate programs that promote Energy Star thermostats, weatherization, home energy audits, and other efficiency upgrades, frequently targeted at low- to moderate-income households.

Report Coverage

This research report categorizes the market for the United States thermostat market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States thermostat market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyzes their core competencies in each sub-segment of the United States thermostat market.

Driving Factors

The growth of the United States thermostat market is boosted by the growth of the commercial sector. As office buildings, hotels, and retail structures continue to grow, there is an increasing need for technologically advanced temperature control systems. Thermostats are part of the infrastructure of commercial buildings and enable the precision temperature control to ensure occupant comfort and productivity. Furthermore, the commercial sector has also placed greater emphasis on sustainability and energy efficiency to help save on operating costs and lessen the impact on the environment.

Restraining Factors

The United States thermostat market faces obstacles because of concerns about security and privacy. The potential for unauthorized party access to personal information raises concern, particularly given the frequent occurrence of high-profile data breaches.

Market Segmentation

The United States thermostat market share is classified into product and application.

• The smart segment held the largest market share in 2024 and is expected to grow at a remarkable CAGR during the forecast period.

The United States thermostat market is segmented by product into smart, mechanical, and programmable. Among these, the smart segment held the largest market share in 2024 and is expected to grow at a remarkable CAGR during the forecast period. The segment is driven by the increased demand for energy-efficient solutions coupled with the increased adoption of smart home technologies. User experience has been enhanced by advances in artificial intelligence and connectivity.

• The new construction segment held the highest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period.

Based on the application, the United States thermostat market is segmented into new construction and retrofit & renovation. Among these, the new construction segment held the highest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental growth is propelled because of the increasing demand for smart, energy-efficient buildings. Builders are responding to the demand for smart thermostats by embracing them in their new builds to ensure compliance with regulations, achieve higher energy ratings, and attract tech-savvy buyers who want automated climate control, convenience, and long-term savings in cost and on energy usage.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United States thermostat market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Resideo Technologies Inc
• Vivint
• Carrier Global Corp Ordinary Shares
• Emerson Electric Co
• Honeywell International Inc
• Alphabet Inc Class A
• Ecobee, Inc.
• Honeywell Home
• Johnson Controls
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the United States, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the United States thermostat market based on the following segments:

United States Thermostat Market, By Product

• Smart
• Mechanical
• Programmable

United States Thermostat Market, By Application

• New Construction
• Retrofit & Renovation