Line-Voltage Thermostats Market Size, Share, Growth, and Industry Analysis, By Type (Single Pole Wiring, Double Pole Wiring and Others), By Application (Residential Use, Commercial Use and Others), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

Line-Voltage Thermostats Market Report Overview

• 
• Request a Free sample to learn more about this report

The global line-voltage thermostats market size was USD 599 million in 2022 & the market is projected to touch USD 1004 million by 2031, exhibiting a CAGR of 5.9% during the forecast period.

A particular kind of thermostat called a line-voltage thermostat is used to regulate heating and cooling systems that use line voltage. Line voltage is the term used to describe the normal voltage level present in homes and businesses, which is typically 120 volts or 240 volts in many nations. Line-voltage thermostats directly regulate the power supply to the heating or cooling equipment, as opposed to low-voltage thermostats, which depend on a separate control circuit. Systems like electric baseboard heaters, radiant floor heating systems and various types of electric furnaces frequently employ them. In general, line-voltage thermostats are made for managing high-voltage heating systems. They offer a quick and easy way to control the temperature in zones or rooms that have independent heating units.

COVID-19 Impact: Imposed Restrictions in the Economy Resulted in Decline in the Market

The COVID-19 problem has had an impact on the global economy, causing a strict lockdown and a halt to day-to-day activities in every industry. With the limits imposed by the government, the panic scenario has had a negative influence on the industries. This has resulted in a line-voltage thermostats market drop as well; there was a direct and indirect impact from numerous sectors producing the thermostats. With the revival of the market following COVID-19, we are seeing a recovery of the market where the blanks are restructured with product innovation and investments into R&D activities to develop advanced technologies to meet advanced requirements, which will project a proposed increase in the market share in the forecasted period.

LATEST TRENDS

"Higher Standards of Performance and Additional Features to Grow Market Potentially"

Some line-voltage thermostats come with extra functions including timers, digital displays, and programmed settings. Users may create various temperature regimens throughout the day thanks to the greater control and energy-saving features offered by these modern versions.

Line-Voltage Thermostats Market SEGMENTATION

• 
• Request a Free sample to learn more about this report

• By Type

Based on type the line-voltage thermostats market is classified as single pole wiring, double pole wiring and others.

The part single pole wiring is the leading of the type segment.

• By Application

Based on application the line-voltage thermostats market is classified as residential usecommercial use and others.

The part residential use is the leading type of the application segment.

DRIVING FACTORS

"The Manual Control Advantages to Boost the Market Growth"

A manual control dial or switch that allows you to manually change the temperature settings is frequently found on line-voltage thermostats. A built-in thermometer to show the current room temperature may also be included in some models.

"Extensive Application as a Heating Element to Multiply the Production and Market Growth"

The mechanical design of line-voltage thermostats is often straightforward. They frequently have a dial or switch where users can set the preferred temperature. The thermostat shuts the circuit, allowing power to flow and turning on the heating element when the temperature falls below the specified point. The thermostat shuts off the power and halts the heat production once the temperature reaches the preset level. Electric baseboard heaters, radiant heating systems, wall heaters, electric furnaces, and other types of commercial and industrial heating and cooling equipment all frequently employ the thermostats.

RESTRAINING FACTORS

"The Wiring and Compatibility Issues to Restrain the Market Growth"

Line-Voltage Thermostats Market REGIONAL INSIGHTS

• 
• Request a Free sample to learn more about this report

"North American Region to Dominate the Market with Major Production and Multiplying Manufacturers"

North American region is predicted to be dominant in the line-voltage thermostats market share and will maintain the dominance over the forecasted period. North America, followed by Europe and China, produces the majority of the world's line-voltage thermostats, accounting for about 50% of total production. Honeywell, Emerson, Robertshaw, Dayton, Marley PECO Manufacturing, king Electric are the top seven manufacturers worldwide, accounting for about a huge share of the market. High-performance heating elements are offered by a US company with a strong emphasis on technology and research. Government organisations, nuclear first responders, radiation safety personnel at nuclear power plants, and international inspectors entrusted with safety and complying in accordance with nuclear non-proliferation treaties are just a few of the numerous customers. All these factors combined are significantly contributing in the regions market growth.

KEY INDUSTRY PLAYERS

"Financial Players to Contribute Towards Expansion of Market"

The market is highly competitive and has both international and local participants. The introduction of new and improved products, collaborations, mergers and acquisitions, joint ventures, and other strategies include major actors.The report is a thorough investigation of a list of market participants who support market growth. The information is a synthesis of the most recent trends, mergers and acquisitions in the manufacturing industry, market research, and technological advancements. To comprehend the market share, product growth, revenue growth, and other elements during the anticipated term, further factors like regional and segmental analysis are also taken into consideration.

List of Market Players Profiled

• Honeywell (U.S.A)
• Johnson Controls (Ireland)
• Emerson (U.S.A)
• Siemens (Germany)
• Robertshaw (U.S.A)
• Dayton (U.S.A)
• PECO Manufacturing (U.S.A)
• Stelpro (Canada)
• Marley (U.S.A)
• King Electric (U.S.A)
• Cadet (India).

REPORT COVERAGE

The SWOT analysis and information on future developments are covered in the study. The research report includes a study of a number of factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions. Additionally, the research disseminates data on national and regional assessments that take into account the dominant forces of supply and demand that are influencing market growth. The competitive environment, including market shares of significant competitors, is detailed in the report along with fresh research methodology and player strategies for the anticipated time.