| Product Code: ETC4959013 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Sweden saw a decline in the growth rate of smart thermostat imports, with a notable shift towards lower concentration among top exporting countries. The CAGR from 2020 to 2024 remained positive at 5.16%, indicating steady growth in the market. Metropolitan France, Germany, Denmark, China, and the Netherlands were the key exporters to Sweden, highlighting diverse sources of supply. The decrease in concentration suggests a more competitive landscape, potentially offering consumers a wider range of options and driving innovation in the smart thermostat sector.
The Smart Thermostat market in Sweden is projected to grow at a stable growth rate of 0.05% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Sweden Smart Thermostat Market Overview |
3.1 Sweden Country Macro Economic Indicators |
3.2 Sweden Smart Thermostat Market Revenues & Volume, 2021 & 2031F |
3.3 Sweden Smart Thermostat Market - Industry Life Cycle |
3.4 Sweden Smart Thermostat Market - Porter's Five Forces |
3.5 Sweden Smart Thermostat Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Sweden Smart Thermostat Market Revenues & Volume Share, By End-User Vertical, 2021 & 2031F |
4 Sweden Smart Thermostat Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and focus on energy efficiency and sustainability in Sweden |
4.2.2 Government initiatives and regulations promoting the adoption of smart home technologies |
4.2.3 Technological advancements and innovations in the smart thermostat industry |
4.3 Market Restraints |
4.3.1 High initial costs associated with smart thermostat installation and integration |
4.3.2 Concerns regarding data privacy and security in smart home devices |
4.3.3 Limited compatibility with existing HVAC systems in older homes |
5 Sweden Smart Thermostat Market Trends |
6 Sweden Smart Thermostat Market Segmentations |
6.1 Sweden Smart Thermostat Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Sweden Smart Thermostat Market Revenues & Volume, By Wireless, 2021-2031F |
6.1.3 Sweden Smart Thermostat Market Revenues & Volume, By Wireless, 2021-2031F |
6.2 Sweden Smart Thermostat Market, By End-User Vertical |
6.2.1 Overview and Analysis |
6.2.2 Sweden Smart Thermostat Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Sweden Smart Thermostat Market Revenues & Volume, By Commercial, 2021-2031F |
7 Sweden Smart Thermostat Market Import-Export Trade Statistics |
7.1 Sweden Smart Thermostat Market Export to Major Countries |
7.2 Sweden Smart Thermostat Market Imports from Major Countries |
8 Sweden Smart Thermostat Market Key Performance Indicators |
8.1 Energy savings achieved by households using smart thermostats |
8.2 Percentage increase in smart thermostat installations in residential buildings |
8.3 Rate of adoption of smart thermostat technology in new construction projects |
9 Sweden Smart Thermostat Market - Opportunity Assessment |
9.1 Sweden Smart Thermostat Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Sweden Smart Thermostat Market Opportunity Assessment, By End-User Vertical, 2021 & 2031F |
10 Sweden Smart Thermostat Market - Competitive Landscape |
10.1 Sweden Smart Thermostat Market Revenue Share, By Companies, 2024 |
10.2 Sweden Smart Thermostat Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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