Automatic thermostats market in Italy

Earlier Report Observations

The Italian automatic thermostat market expanded from 26 783 thousand units in 2018 to 32 768 thousand units in 2019, driven by the rapid growth of the smart home sector. Interest in smart thermostats for energy saving surged, fueled by integration with voice assistants and connected home ecosystems. However, in 2020, market volume fell to 26 654 thousand units.

A sharp rebound followed in 2021, with volume reaching 38 708 thousand units. Subsequently, the market contracted to 32 278 thousand units in 2022 and 29 800 thousand units in 2023, even as demand for smart thermostats continued to rise and manufacturers invested in AI and voice-control features.

By 2024, the market recovered to 31 250 thousand units, supported by the expansion of wireless smart thermostats with IoT connectivity and the ongoing growth of Italy's smart home market, which saw increased adoption of energy-saving devices.

Production automatic thermostats in Italy

In value, 2017-2020, M $ US

Italy's production of automatic thermostats declined for the second consecutive year. In 2020, output was valued at 167.0 million US dollars, representing a 15.5% decrease compared to the previous year. Over the period from 2017 to 2020, production fell by 12.7%, with an average annual decline of 4.4%. The highest production value was recorded in 2018 at 229.9 million US dollars, which also saw the largest annual increase of 20.2%.

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

In kind, 2017-2020, K unit

Italy's production of automatic thermostats declined for the third consecutive year. In 2020, 28,916 thousand units were produced, marking a moderate drop of 9.5% compared to 2019. From 2017 to 2020, production decreased by 36.7%, with an average annual decline of 14.1%.

Annual dynamics of production in Italy in kind, 2017-2020, K unit

Exports automatic thermostats from Italy

Exports in kind, K unit

Italy's exports of automatic thermostats declined for the second consecutive year. In 2020, exports totaled 35,513 thousand units, reflecting a 9.4% decrease year-over-year. Between 2017 and 2020, exports fell by 12.4%, with an average annual decline of 4.3%. The peak export volume was recorded in 2018 at 41,420 thousand units, which also saw the largest annual increase of 2.1%.

Annual dynamics of product's exports from Italy in kind, 2017-2020, K unit

From 2017 to 2020, Romania, France, and Tunisia were among the largest buyers of automatic thermostats from Italy, accounting for 10.4%, 8.0%, and 7.9% of exports in kind, respectively. However, even combined, these three countries represented just 26.3% of total exports, indicating a broadly diversified partner base.

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

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

Exports in value, M $ US

Italy's exports of automatic thermostats declined for the second consecutive year. In 2020, exports were valued at 200.8 million US dollars, reflecting an 8.3% decrease compared to the previous year. Between 2017 and 2020, exports fell by 7.3%, equating to an average annual decline of 2.5%. The highest export value was recorded in 2018 at 227.2 million US dollars, which also saw the largest annual increase of 4.8%.

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

From 2017 to 2020, France, Germany, and Spain were the largest buyers of automatic thermostats from Italy in value terms, accounting for 10.4%, 8.0%, and 7.9% of exports, respectively. Together, they represented 26.3% of total exports, highlighting a broad background of smaller partners and a lack of dominance by any single market.

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

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

Imports automatic thermostats to Italy

Imports in kind, K unit

Italy imported 33,250 thousand units of automatic thermostats in 2020, reflecting a significant decrease of 16.8% compared to 2019. Between 2017 and 2020, imports fell by 21.9%, with an average annual decline of 7.9%. The largest annual increase was recorded in 2019 at 10.8%.

Annual dynamics of product's imports to Italy in kind, 2017-2020, K unit

From 2017 to 2020, imports in kind were distributed across a wide set of partner countries. Germany, the Netherlands, and China were the top sources, accounting for 18.7%, 15.5%, and 13.1% of imports, respectively. Together, they represented 47.4% of total flows.

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

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

Imports in value, M $ US

After two years of growth, Italy's imports of automatic thermostats declined. In 2020, imports reached 116.1 million US dollars, down by 11.7% compared to 2019. Over the period from 2017 to 2020, imports decreased by 6.8%, with an average annual decline of 2.3%. The highest import value was recorded in 2019 at 131.5 million US dollars, which also saw the largest annual increase of 5.4%.

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

From 2017 to 2020, Germany, China, and France formed the main cluster of markets for Italy's imports in value terms, accounting for 24.4%, 16.6%, and 10.8% of imports, respectively. Together, they represented 51.9% of total flows.

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

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