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.
This report contains market size and forecasts of Millivolt Thermostats in global, including the following market information:
Global Millivolt Thermostats Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Millivolt Thermostats Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Millivolt Thermostats companies in 2021 (%)
The global Millivolt Thermostats market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Digital Segment to Reach $ Million by 2028, with a % CAGR in next six years.
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.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Millivolt Thermostats manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Millivolt Thermostats Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Millivolt Thermostats Market Segment Percentages, by Type, 2021 (%)
Digital
Mechanical
Global Millivolt Thermostats Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Millivolt Thermostats Market Segment Percentages, by Application, 2021 (%)
Commercial Use
Residential Use
Global Millivolt Thermostats Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Millivolt Thermostats Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Millivolt Thermostats revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Millivolt Thermostats revenues share in global market, 2021 (%)
Key companies Millivolt Thermostats sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Millivolt Thermostats sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Lux
Orbit
Emerson
Everwarm
Ambient Technologies
Empire Comfort Systems
Honeywell
Southwire
White-Rodgers
TPI Corporation
Robertshaw
Hunter Fan Company
Pentair
Southbend Range