THE MONEY IN MAKING BUILDINGS SMARTER

Smart Thermostats; Standalone, Networked, and Learning Smart Thermostats: Global Market Analysis and Forecasts

4Q 2013 (Navigant Research)

“Smart thermostats, also known as programmable communicating thermostats (PCTs), utilize integrated technologies that surpass the basic sensing and control functions of traditional thermostats…[They can be] part of an integrated home automation system that includes other devices such as smart lighting, plugs, entertainment, and security systems…[T]he market for smart thermostats has struggled to gain traction, especially given a much higher perceived average cost compared to that for basic programmable thermostats. Navigant Research forecasts that global revenue from smart thermostats will grow from $85.5 million in 2013 to $1.4 billion in 2020…” click here for more

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