The market for non-electronic thermostats in Austria saw steady growth from 2012 to 2019, with an increase in volume per capita from 0.38% to 0.59%. After a decline in 2020 to 0.5%, the market rebounded in the following years, reaching 0.63% in 2022. This represents a 26.3% increase from 2012 to 2022. Year-on-year variation showed recovery post-2020, with a strong 14.6% increase from 2020 to 2022. A consistent CAGR from 2017 to 2022 was around 4.4%, indicating moderate market growth.
Future trends to watch for:
- Increasing demand for smart climate control systems may impact non-electronic thermostat markets.
- Regulatory changes and energy efficiency policies could shift market preferences.
- Sustainability initiatives may drive innovations within traditional thermostat technologies.