Automatic thermostats market in Germany

Earlier Report Observations

The market for automatic thermostats in Germany experienced a general decline from 476.6 million US dollars in 2018 to 318.1 million US dollars in 2024. After a drop in 2019 and 2020, the market saw a rebound in 2021 to 409.7 million US dollars, before resuming its downward trend.

The growth in 2021 coincided with the integration of artificial intelligence and machine learning into smart thermostats, which began to learn user behavior and optimize heating control. This technological advancement, along with rising demand for IoT-enabled thermostats that automatically adjust to user preferences, stimulated market activity. Key players such as Ecobee, Nest Labs, and Siemens were instrumental in pushing intelligent building solutions during this period.

Throughout the period, the market was influenced by broader trends like the increasing penetration of smart homes, which reached over 7.2 million households in Germany by 2020, and regulatory requirements for energy efficiency in Europe that encouraged digital temperature sensors and smart thermostats. However, these factors were insufficient to reverse the overall market contraction, which continued through 2024.

Production automatic thermostats in Germany

In value, 2017-2020, M $ US

Germany's production of automatic thermostats declined for the second consecutive year. In 2020, output was valued at 512.1 million US dollars, marking a 5.9% decrease from the previous year. Over the period from 2017 to 2020, production fell by 15.3%, with a compound annual growth rate of 5.4%. The highest production value was recorded in 2018 at 631.3 million US dollars, which saw a 4.4% increase. The largest decline occurred in 2019, with a drop of 13.8%.

Annual dynamics of production in Germany in value, 2017-2020, M $ US

In kind, 2017-2020, M unit

Germany's production of automatic thermostats declined for the third consecutive year. In 2020, 71.3 million units were produced, representing a 5.9% decrease year-over-year. From 2017 to 2020, production decreased by 43.2%, with a compound annual growth rate of 17.2%.

Annual dynamics of production in Germany in kind, 2017-2020, M unit

Exports automatic thermostats from Germany

Exports in kind, M unit

In 2020, Germany's cross-border shipments of automatic thermostats totaled 117.9 million units, showing little to no change compared to the previous year. The highest volume was recorded in 2018 at 122.9 million units, which saw a 5.6% increase. The largest decline occurred in 2019, with a drop of 4.0%.

Annual dynamics of product's exports from Germany in kind, 2017-2020, M unit

From 2017 to 2020, Germany's exports of automatic thermostats in kind were not concentrated on a few key destinations. The top three markets—Czechia with 16.8%, Poland with 12.1%, and Italy with 11.1%—together accounted for only 40.0% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Germany in kind, 2017-2020

Exports in value, M $ US

Germany's cross-border shipments of automatic thermostats declined for the second consecutive year. In 2020, exports were valued at 567.4 million US dollars, showing little to no change compared to 2019. Between 2017 and 2020, exports increased by 12.8%, equating to an annualized rate of 4.1%. The highest value was recorded in 2018 at 571.6 million US dollars, which saw a 13.6% increase. The largest decline occurred in 2019, with a drop of 0.5%.

Annual dynamics of product's exports from Germany in value, 2017-2020, M $ US

From 2017 to 2020, Germany's exports of automatic thermostats in value terms were distributed across many countries. Even the largest destinations—China, the Netherlands, and the United States—together represented only 24.6% of total exports.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Germany in value, 2017-2020

Imports automatic thermostats to Germany

Imports in kind, M unit

Germany's volume of automatic thermostats imports declined for the second consecutive year. In 2020, imports reached 107.0 million units, constituting a gradual fall of 6.5% over the past year. Over the period from 2017 to 2020, imports decreased by 8.4%, with a compound annual growth rate of 2.9%. The highest volume was recorded in 2018 at 132.0 million units, which saw a 13.0% increase. The largest decline occurred in 2019, with a drop of 13.3%.

Annual dynamics of product's imports to Germany in kind, 2017-2020, M unit

From 2017 to 2020, China, Czechia, and Croatia formed the main cluster of markets for Germany's imports of automatic thermostats in kind. China accounted for 29.1%, Czechia for 17.7%, and Croatia for 17.3%, with a combined share of 64.2% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Germany in kind, 2017-2020

Imports in value, M $ US

Germany's imports of automatic thermostats declined for the second consecutive year. In 2020, imports were valued at approximately 400.1 million US dollars, indicating a fall of 3.8% over the past year. Over the period from 2017 to 2020, imports increased by 3.9%, with a compound annual growth rate of 1.3%. The highest value was recorded in 2018 at 417.0 million US dollars, which saw an 8.3% increase.

Annual dynamics of product's imports to Germany in value, 2017-2020, M $ US

From 2017 to 2020, Germany's partner portfolio for imports of automatic thermostats in value terms was quite broad. The top three partners—Czechia with 17.9%, China with 14.9%, and France with 14.1%—together represented only 46.9% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Germany in value, 2017-2020