Global Millivolt Thermostats Market Insights, Forecast to 2028

Millivolt thermostats are used to regulate millivolt heating systems, which are different from the popular low voltage systems and the electric powered line voltage systems. A millivolt heating system is usually a floor heater or a wall heater that doesn’t use electricity; for example a gas fireplace or a gas powered wall heater. Millivolt systems are regulated using thermostats specifically designed for the system, commonly known as ‘millivolt thermostats’.
The usage of millivolt thermostat systems is very rare. These systems run on very low voltage such as 750 mV (millivolts) and do not need a step down transformer, instead they require a special millivolt thermostat, which cannot be substituded for any low voltage thermostat. A quick way to spot a millivolt system is it does not connect to any AC power, instead it connects to the millivolt thermostat with only two wires.
Market Analysis and Insights: Global Millivolt Thermostats Market
Due to the COVID-19 pandemic, the global Millivolt Thermostats market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Digital accounting for % of the Millivolt Thermostats global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Commercial Use segment is altered to an % CAGR throughout this forecast period.
China Millivolt Thermostats market size is valued at US$ million in 2021, while the US and Europe Millivolt Thermostats are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Millivolt Thermostats landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Millivolt Thermostats include Lux, Orbit, Emerson, Everwarm, Ambient Technologies, Empire Comfort Systems, Honeywell, Southwire and White-Rodgers, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Millivolt Thermostats capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Millivolt Thermostats by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Millivolt Thermostats Scope and Segment
Millivolt Thermostats market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Millivolt Thermostats market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Digital
Mechanical
Segment by Application
Commercial Use
Residential Use
By Company
Lux
Orbit
Emerson
Everwarm
Ambient Technologies
Empire Comfort Systems
Honeywell
Southwire
White-Rodgers
TPI Corporation
Robertshaw
Hunter Fan Company
Pentair
Southbend Range
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E