Nordic Smart Thermostat Market Size & Outlook, 2025-2033
Nordic Smart Thermostat Market Insights
- Deep Market Insights analysis indicates that the Nordic Smart Thermostat Market size, valued at USD 91.49 Million in 2024, is expected to expand to USD 382.89 Million by 2033.
- The Nordic market is forecasted to expand at a CAGR of 17.15% spanning 2026–2033.
- Programmable held the leading position among Product segments in 2024, based on market size.
- Programmable is projected to post the fastest growth rate, sustaining its position as the most attractive Product segment during the forecast horizon.
Source: DMI Analysis Company Publications, Primary Interviews.
Other Key Findings
- Nordic contributed 1.98% to the global Smart Thermostat Market size in 2024.
- By 2033, United States is forecasted to remain the largest global market for Smart Thermostat Market.
- In Europe, Germany is projected to capture the leading share of market size by 2033.
- Among Europe markets, Germany is expected to post the fastest growth, reaching USD 1687.5 Million by 2033.
Report Summary
| 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 91.49 Million |
| Market Size In 2033 | USD 382.89 Million |
| Largest segment | Programmable |
| Units | Revenue in USD Million |
| CAGR | 17.15% (2025-2033) |
| Segmnetation Covered | |
| Product |
|
| Connectivity |
|
| Installation |
|
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Nordic Smart Thermostat Market Product 2025-2033 (USD Million)
| Product | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Programmable | XX.x | XX.x | XX.x | 46.98 | 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.
Nordic Smart Thermostat Market Connectivity 2025-2033 (USD Million)
| Connectivity | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Wi-Fi/cloud | XX.x | XX.x | XX.x | 43.32 | 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.
Nordic Smart Thermostat Market Installation 2025-2033 (USD Million)
| Installation | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DIY | XX.x | XX.x | XX.x | 57.92 | 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 |
Source: DMI Analysis Company Publications, Primary Interviews.