| Product Code: ETC4958908 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
Despite a decline in CAGR and negative growth rate in 2024, Belgium continues to import smart thermostats from top exporting countries such as Germany, China, Netherlands, Italy, and Metropolitan France. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The country`s reliance on these key players suggests a stable demand for smart thermostat technology, even amidst economic challenges. Monitoring these trends can provide valuable insights for both suppliers and policymakers in the smart thermostat market.
The Smart Thermostat market in Belgium is projected to grow at a stable growth rate of 4.43% 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 Belgium Smart Thermostat Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Smart Thermostat Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Smart Thermostat Market - Industry Life Cycle |
3.4 Belgium Smart Thermostat Market - Porter's Five Forces |
3.5 Belgium Smart Thermostat Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Belgium Smart Thermostat Market Revenues & Volume Share, By End-User Vertical, 2021 & 2031F |
4 Belgium Smart Thermostat Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and adoption of smart home technologies in Belgium |
4.2.2 Government initiatives promoting energy efficiency and sustainability |
4.2.3 Technological advancements in smart thermostat features and connectivity |
4.3 Market Restraints |
4.3.1 High initial cost of smart thermostats compared to traditional thermostats |
4.3.2 Concerns about data privacy and cybersecurity risks associated with smart home devices |
4.3.3 Limited compatibility with existing HVAC systems in older Belgian homes |
5 Belgium Smart Thermostat Market Trends |
6 Belgium Smart Thermostat Market Segmentations |
6.1 Belgium Smart Thermostat Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Belgium Smart Thermostat Market Revenues & Volume, By Wireless, 2021-2031F |
6.1.3 Belgium Smart Thermostat Market Revenues & Volume, By Wireless, 2021-2031F |
6.2 Belgium Smart Thermostat Market, By End-User Vertical |
6.2.1 Overview and Analysis |
6.2.2 Belgium Smart Thermostat Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Belgium Smart Thermostat Market Revenues & Volume, By Commercial, 2021-2031F |
7 Belgium Smart Thermostat Market Import-Export Trade Statistics |
7.1 Belgium Smart Thermostat Market Export to Major Countries |
7.2 Belgium Smart Thermostat Market Imports from Major Countries |
8 Belgium Smart Thermostat Market Key Performance Indicators |
8.1 Average energy savings achieved by households using smart thermostats |
8.2 Number of smart thermostat installations in residential and commercial buildings |
8.3 Percentage of households participating in energy efficiency programs that include smart thermostat usage |
9 Belgium Smart Thermostat Market - Opportunity Assessment |
9.1 Belgium Smart Thermostat Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Belgium Smart Thermostat Market Opportunity Assessment, By End-User Vertical, 2021 & 2031F |
10 Belgium Smart Thermostat Market - Competitive Landscape |
10.1 Belgium Smart Thermostat Market Revenue Share, By Companies, 2024 |
10.2 Belgium Smart Thermostat Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |