SMART THERMOSTATS’ BILLION DOLLAR FUTURE

Smart Thermostats; Communicating Thermostats, Smart Thermostats, and Associated Software and Services: Global Market Analysis and Forecasts

3Q 2014 (Navigant Research)

“The market for communicating and smart thermostats has exploded with activity since 2013…The year 2014 has seen significant business activity in the form of mergers and acquisitions, international expansion, technological growth, and more conclusive evidence of cost-effectiveness…In North America and Europe, interest in smart thermostat technology is growing among utilities and energy retailers, as well as consumers…[S]mall businesses are increasingly adopting solutions originally intended for residences…[to manage] heating, ventilation, and air conditioning (HVAC) systems. For other regions, the technology remains nascent…According to Navigant Research, global revenue for communicating and smart thermostats and associated software and services is expected to grow from $146.9 million in 2014 to $2.3 billion in 2023…” click here for more

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