From 2012 to 2022, the Non-Electronic Thermostats market in Sweden experienced a notable decline. In 2012, the market was valued at 17.937 million euros, and despite minor fluctuations, there was a general downward trend leading to a valuation of 9.9994 million euros in 2022. Significant drops were observed particularly in 2014 and 2016 with a year-on-year decline of approximately 18.51% and 17.01%, respectively. Although there was a slight increase in 2019 and 2022, these were not substantial enough to reverse the overall downtrend. The average annual decrease over the last five years has been around -2.03% (CAGR).
Future trends to watch for include advancements in smart home technologies and growing environmental regulations which might spur interest in electronic and programmable thermostats. The market will likely see increased integrating with smart home ecosystems, leading to further decline in non-electronic thermostat demand.
