The analysis of the Non-Electronic Thermostats Market Size Value Per Capita in Sweden reveals a declining trend from 2013 to 2023. The market value per capita fell from €1.89 in 2013 to €0.66 in 2023, marking a significant decrease over the period. Notably, in the last two years, the year-on-year variation showed a substantial downward trend, with a -13.16% drop in 2022 and a -13.16% drop in 2023 as well. Over the past five years, the CAGR reveals an average annual decline, illustrating a steady reduction in per capita market value.
Looking forward, trends to watch include possible stabilization at lower levels or further decline as electronic and smart thermostats increasingly penetrate the market, potentially driving away demand from non-electronic options.
