Global DINRail Thermostats Market By Overview
DIN-Rail Thermostats Market accounted for US$ 1.3 billion in 2022 and is estimated to be US$ 2.1 billion by 2032 to grow at CAGR of 5.2%.
DIN-Rail Thermostats is heating, cooling and relative-humidity thermostat that provides control of forced air, radiant floor heat, and heat pump HVAC systems. DIN-rail mounting also allows the installation in cabinet equipment by keeping living area free from wall-mounted thermostat.
Global DINRail Thermostats Market By Drivers & Restraints
|
Drivers |
Restrains |
|
Rapidly growing industrialization across globe |
Not suitable for all types of heating & cooling systems |
|
Rising focus on energy efficiency and sustainability |
|
|
Growing adoption of automation technology across industries |
|
|
Presence of prominent players |
|
Global DINRail Thermostats Market By Segmentations & Regional Insights
The target market is segmented based on Type, Application, and Region.
Type Insight
On the basis of Type, the target market is segmented into Compact, Digital, Analog, and Programmable.
Application Insight
On the basis of Application, the target market is segmented into Floor Heating Control, Saunas, Frost Protection of Pipes, and Cooling Application.
Regional Insights:
On region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Asia Pacific market is estimated to witness a highest revenue share over the forecast period.
- Rapidly growing industrialization.
- Increase in construction activities due to rising population & urbanization.
- Growing demand for programmable digital thermostats in expanding markets such as India and China.
Europe market is estimated to witness a fastest revenue share over the forecast period.
- Wide use in industrial applications for temperature control of machineries.
- Rising consumer awareness regarding benefits offered by types of DIN-rail thermostats.
The New Launched Product News,
- In August 2014, West Control Solutions launched new cost-effective solid state relays (SSRs) range. The new SSRs range are available in various styles & specifications to bring enhanced efficiency to range of applications. The relays are available in three styles such as, DIN rail – 10-30A, standard 22.5mm module-space saving, Hockey Puck (WP) – 25-75A, Slim line – 18mm thick, 6 and 12A DIN rail mounted.
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2022 |
|
Forecast period |
2022 – 2032 |
|
Market representation |
Revenue in USD Billion & CAGR from 2022 to 2032 |
|
Market Segmentation |
By Type - Compact, Digital, Analog, and Programmable By Application - Floor Heating Control, Saunas, Frost Protection of Pipes, and Cooling Application |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032.
Global DINRail Thermostats Market By Competitive Landscape & Key Players
The key players operating the target market includes, Genesis Automation, Inc., Seitron Srl, Pro-therm Controls, Schneider Electric, Inc., OJ Electronics A/S, Crestron Electronics, Inc., Seagate Controls Systems Co Inc., Danfoss A/S, i-warm, Theben AG, and Others.
Global DINRail Thermostats Market By Highlights
FAQs
The growing adoption of innovative & wireless communication technology in thermostats, and driving demand for energy-efficient solutions is expected to provide lucrative opportunities in market growth.
By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period.
The key players operating the target market includes, Genesis Automation, Inc., Seitron Srl, Pro-therm Controls, Schneider Electric, Inc., OJ Electronics A/S, Crestron Electronics, Inc., Seagate Controls Systems Co Inc., Danfoss A/S, i-warm, Theben AG, and Others.