HVAC Breaking News / Residential Controls / Thermostats

July 11, 2013: Air-Conditioning Thermostat Market to Grow Almost 50 Percent

Shipments Are Set to Grow to 19 Million Units in 2017, Up 48 Percent from 12.8 Million in 2012

July 11, 2013
LONDON — Global shipments of thermostats used for air-conditioning applications will rise by nearly 50 percent from 2012 through 2017, driven by demand from Asia, according to the latest report on the thermostats market from IMS Research, part of IHS Inc.

Air-conditioning thermostat shipments are set to grow to 19 million units in 2017, up 48 percent from 12.8 million in 2012. The Asian market will be particularly strong, forecast to rise at a compound annual growth rate (CAGR) of 13 percent from 2012 to 2017, compared to a CAGR of 8 percent for the global market. Last year, Asia accounted for more than 30 percent of the air-conditioning thermostats that were sold.

The collective Europe-Middle East-Africa (EMEA) market and the Americas are also are forecast to see strong growth, but not to the same degree as Asia.

“An increasing population with higher disposable incomes is helping to expand the air-conditioning thermostat market in Asia,” said William Rhodes, senior market analyst for the building technologies group at IHS. “Owning an air-conditioning unit is cheaper than owning a car and is seen as a status symbol for an aspiring middle class. Meanwhile in EMEA and the Americas, the air-conditioning thermostat market is being driven by increasingly hot and humid summers.”

The majority of the air-conditioning systems currently used in North America are ducted split systems. However, across the rest of the world and particularly in Asia, ductless mini-split systems are preferred. Many mini-split systems come with their own thermostat from the HVAC equipment provider. However, most ducted systems are controlled by a thermostat from a third party.

“Mini-split systems are often thought to be more flexible for interior design and avoid the energy losses associated with ductwork for rooms that do not require air conditioning, such as attics,” Rhodes said. “The rising popularity of mini-split systems is driving the trend toward infrared (IR) thermostats that control the indoor-air-handling unit. In some office environments for example, one IR thermostat can control up to four indoor units.”

Publication date: 7/8/2013

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.



Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.


NEWSmakers: Julian Scadden

Training is an ongoing process. Julian will discuss how you can generate maximum return on time and energy invested training by following a three part process. Listen to this podcast to get expert tips on training, tracking and follow up. 

More Podcasts


NEWS 04-21-14 cover

2014 April 21

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe


Which statement on service calls best applies to your business?
View Results Poll Archive


2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con