#thermostat Recent research from IMH Research shows that there will be strong demand for HVAC thermostat shipments through 2017. The research shows that the Asian market is expected to rise at a compound annual growth rate of 13 percent from 2013 to 2017. Last year the Asia accounted for more then 30 percent of thermostat shipments. The collective Europe-Middle East-Africa (EMEA) market and the Americas are also are forecast to see strong growth, but not at the same degree as Asia.