Air conditioning thermostat market shows no signs of cooling down

IHS reports that thermostats used for air conditioning applications by 50% from 2012 to 2017 thanks to high demand in Asia as well as EMEA and the Americas.

09/04/2013


Driven by demand from Asia, global shipments of thermostats used for air conditioning applications will rise by nearly 50% from 2012 through 2017, according to the latest report on the thermostats market from IMS Research, now part of IHS Inc. 

Air conditioning thermostat shipments are set to grow to 19.0 million units in 2017, up 48% from 12.8 million in 2012, as presented in the attached figure. 

The Asian market will be particularly energetic, forecast to rise at a compound annual growth rate (CAGR) of 13% from 2012 to 2017, compared to a CAGR of only 8% for the global market. Last year, Asia accounted for more than 30% 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 at 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, Japanese-style ductless mini-split systems are preferred. Many mini-split systems come with their own thermostat from the HVAC equipment provider offering systems for HVAC. However, most duct 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 noted. “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 thermostats can control up to four indoor units.”

With home and business owners continuing to want to keep their buildings cool in times of hotter and more humid climates, the market for thermostats used for air conditioning control is unlikely to cool in the near future.



No comments
Consulting-Specifying Engineer's Product of the Year (POY) contest is the premier award for new products in the HVAC, fire, electrical, and...
Consulting-Specifying Engineer magazine is dedicated to encouraging and recognizing the most talented young individuals...
The MEP Giants program lists the top mechanical, electrical, plumbing, and fire protection engineering firms in the United States.
High-performance buildings; Building envelope and integration; Electrical, HVAC system integration; Smoke control systems; Using BAS for M&V
Pressure piping systems: Designing with ASME; Lab ventilation; Lighting controls; Reduce energy use with VFDs
Smoke control: Designing for proper ventilation; Smart Grid Standard 201P; Commissioning HVAC systems; Boilers and boiler systems
Case Study Database

Case Study Database

Get more exposure for your case study by uploading it to the Consulting-Specifying Engineer case study database, where end-users can identify relevant solutions and explore what the experts are doing to effectively implement a variety of technology and productivity related projects.

These case studies provide examples of how knowledgeable solution providers have used technology, processes and people to create effective and successful implementations in real-world situations. Case studies can be completed by filling out a simple online form where you can outline the project title, abstract, and full story in 1500 words or less; upload photos, videos and a logo.

Click here to visit the Case Study Database and upload your case study.

Protecting standby generators for mission critical facilities; Selecting energy-efficient transformers; Integrating power monitoring systems; Mitigating harmonics in electrical systems
Commissioning electrical systems in mission critical facilities; Anticipating the Smart Grid; Mitigating arc flash hazards in medium-voltage switchgear; Comparing generator sizing software
Integrating BAS, electrical systems; Electrical system flexibility; Hospital electrical distribution; Electrical system grounding
Cannon Design’s blog is a place for the many voices of the firm to share thoughts and news related to current projects...
As brand protection manager for Eaton’s Electrical Sector, Tom Grace oversees counterfeit awareness...
Amara Rozgus is chief editor and content manager of Consulting-Specifier Engineer magazine.
IEEE power industry experts bring their combined experience in the electrical power industry...
Michael Heinsdorf, P.E., LEED AP, CDT is an Engineering Specification Writer at ARCOM MasterSpec.