AC thermostat sales set to grow 50% by 2017

UK: Global sales of air-conditioning thermostats are set to rise by nearly 50% by 2017, according to a new report from UK-based IMS Research.

According to the report, air conditioning thermostat shipments are set to grow to 19 million units in 2017, up 48% from 12.8 million in 2012.

The Asian market will be particularly energetic, forecast to rise at a compound annual growth rate (CAGR) of 13% from 2012 to 2017, compared to a CAGR of only 8% for the global market. Last year, Asia accounted for more than 30% of air-conditioning thermostat sales.

The collective EMEA market and the Americas are also forecast to see strong growth, but not at the same degree as Asia.