Global Thermostat Trend Predictions Continue Upward
LONDON — Driven by demand from Asia, global shipments of thermostats used for a/c applications will rise by nearly 50 percent from 2012 through 2017, according to the latest report on the thermostats market from IMS Research, now part of IHS Inc. A/C 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 energetic, forecast to rise at a compound annual growth rate (CAGR) of 13 percent from 2012 to 2017, compared to a CAGR of only 8 percent for the global market,” said the report. “Last year, Asia accounted for more than 30 percent of the a/c thermostats that were sold.”