In 2024, the non-electronic thermostats market size in Finland is forecasted to be 615.3 thousand units. The actual market size for 2023 stood at 654.48 thousand units. Comparing 2024 to 2023, there is a year-on-year decrease of approximately 6%. The forecasted values show a consistent decline in market size with each subsequent year.
- In 2025: 574.5 thousand units, showing a 6.6% decrease from the previous year
- In 2026: 534.1 thousand units, a 7% decrease
- In 2027: 494.11 thousand units, a 7.5% decrease
- In 2028: 454.52 thousand units, an 8% decrease
Over the last two years from 2023 to 2024, and from 2024 to 2025, the market experienced consistent declines. The Compound Annual Growth Rate (CAGR) for the period of 2023 to 2028 is projected to be around -7%. This shows a steady shrinking market for non-electronic thermostats in Finland.
Future trends to watch for include advancements in smart home technology, increasing adoption of electronic thermostats, and potential legislative changes aimed at energy conservation which may further impact the demand for non-electronic thermostats. The shift towards more energy-efficient and sustainable solutions is likely to continue influencing market dynamics.
