U.S. Connected Thermostat Market Size Worth USD 2,485.71 Million by 2034 | CAGR: 14.7%

The U.S. connected thermostat market size is expected to reach USD 2,485.71 million by 2034, according to a new study by Polaris Market Research. The report “U.S. Connected Thermostat Market Size, Share, Trends, Industry Analysis Report By Technology (Wi-Fi Enabled, Bluetooth Thermostats), By Distribution Channel, By Application, By End Use – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

A connected thermostat is an advanced HVAC control device that leverages internet connectivity to allow users to manage their home or building's heating, ventilation, and air conditioning (HVAC) systems remotely. These smart devices go beyond traditional programmable thermostats by offering features such as remote control via smartphone applications, learning algorithms that adapt to user preferences and occupancy patterns, and integration with broader smart home ecosystems and voice assistants. By connecting to Wi-Fi or Bluetooth networks, they provide real-time energy usage data, enable geofencing capabilities, and can receive over-the-air updates, all aimed at optimizing indoor comfort while significantly improving energy efficiency and reducing utility costs.

The U.S. connected thermostat market is experiencing substantial growth, driven by a rising consumer demand for energy-efficient building and solutions and the increasing adoption of smart home technologies. Factors such as growing awareness about environmental sustainability and the desire for greater convenience in managing home climate control positively influence this market expansion. The market outlook remains positive, with ongoing technological advancements, including enhanced AI and machine learning capabilities, further boosting product appeal. This dynamic environment reflects a broader trend toward intelligent and interconnected living spaces, where efficient energy management and seamless automation are becoming standard expectations.

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U.S. Connected Thermostat Market Report Highlights:

• By technology, the Bluetooth thermostats segment held the largest share in 2024 due to their widespread compatibility with existing home internet networks and their ability to offer comprehensive remote control and integration with various smart home ecosystems.
• By distribution channel, the retail stores segment held the largest share in 2024, as physical stores provide customers with the opportunity for hands-on product interaction and immediate assistance from sales staff.
• By application, the retrofit & renovation segment held the largest share in 2024. This dominance is driven by the vast number of existing homes and buildings with older thermostat systems, where owners are increasingly seeking to upgrade to smart thermostat.
• By end use, the residential sector held the largest share in 2024. This is primarily due to the high volume of households seeking convenience, comfort, and significant energy savings, as well as the increasing integration of smart home technologies into daily life.
• A few key players in the U.S. connected thermostat market include Resideo Technologies, Inc.; Ecobee Inc. (Alarm.com); Johnson Controls International PLC; Emerson Electric Co.; Honeywell International Inc.; Robert Bosch GmbH; Google LLC; Amazon.com, Inc.; Carrier Corporation; Trane Technologies plc; Lennox International Inc.; and Mitsubishi Electric Corporation.

Polaris Market Research has segmented the U.S. connected thermostat market report on the basis of technology, distribution channel, application, and end use:

By Technology Outlook (Revenue – USD Million, 2020–2034)

• Wi-Fi Enabled
• Bluetooth Thermostats

By Distribution Channel Outlook (Revenue – USD Million, 2020–2034)

• Online
• Retail Stores
• Wholesale Stores
• Others

By Application Outlook (Revenue – USD Million, 2020–2034)

• New Construction
• Retrofit & Renovation

By End Use Outlook (Revenue – USD Million, 2020–2034)

• Commercial
• Residential
• Industrial