Between 2012 and 2022, the non-electronic thermostat market size volume per capita in Finland demonstrated a gradual decline. From 0.22% in 2012, it decreased steadily to 0.13% by 2022. Year-on-year declines were particularly notable from 2019 to 2022, reflecting a shift in consumer preferences or improved energy control options. Over the past two years, there has been a marked drop of around 3.57% annually. The five-year CAGR indicates an average annual decrease of approximately 2.71%, highlighting continuous contraction in demand and market presence.
Looking ahead, future trends could be influenced by technological advancements in home automation, increasing preference for smart solutions, and heightened focus on energy efficiency, potentially accelerating the decline in the non-electronic segment.
