PALO ALTO, Calif. - The perception that programmable thermostats are complex and hard to use is hampering their adoption by consumers, according to a study by consulting company Frost & Sullivan. Meeting the need for a more user-friendly interface would give market participants the opportunity to gain a competitive edge, says the company.
The new study, "North American Thermostats Market," shows that this market had total revenues of $520.1 million in 2002 and has the potential to expand to $754.4 million by 2009.