LATAM Smart Thermostat Market Size & Outlook, 2025-2033

LATAM Smart Thermostat Market Insights

Based on Deep Market Insights findings, the LATAM Smart Thermostat Market size reached USD 242.43 Million in 2024 and is expected to grow to USD 1069.41 Million by 2033.
During 2026–2033, the market is forecasted to advance at a CAGR of 17.87%.
Programmable represented the largest share of the Product market in terms of size in 2024.
Among the Product segments, Programmable is forecasted to achieve the highest growth and remain the most lucrative through the forecast period.

In 2024, LATAM accounted for 5.26% of the global Smart Thermostat Market size.
By 2033, United States is projected to lead the global market in terms of market size.
Mexico is projected to emerge as the fastest-growing market in LATAM, reaching USD 333.92 Million by 2033.

Report Scope	Details
Base Year for Study	2024
Study Period	2021-2033
Historical Period	2021-2023
Forecast Period	2025-2033
Market Size In 2024	USD 242.43 Million
Market Size In 2033	USD 1069.41 Million
Largest segment	Programmable
Units	Revenue in USD Million
CAGR	17.87% (2025-2033)
Segmnetation Covered
LATAM	Brazil Mexico Argentina Colombia Chile
Product	Programmable Learning/AI thermostats Commercial HVAC controllers
Connectivity	Wi-Fi/cloud Zigbee/Z-Wave Platform integrations
Installation	DIY Professional
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends

LATAM	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Brazil	XX.x	XX.x	XX.x	101.28	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Mexico	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Argentina	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Colombia	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Chile	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

Product	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Programmable	XX.x	XX.x	XX.x	121.31	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Learning/AI thermostats	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Commercial HVAC controllers	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

Connectivity	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Wi-Fi/cloud	XX.x	XX.x	XX.x	113.38	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Zigbee/Z-Wave	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Platform integrations	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

Installation	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
DIY	XX.x	XX.x	XX.x	141.38	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Professional	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x