Report: Over 40% of Thermostats Sold in 2015 Will Be Smart Thermostats
Retail channel accounts for largest percentage of units sold
DALLAS — Smart thermostats are forecast to take a larger portion of the market this year, accounting for over 40 percent of the nearly 10 million thermostats sold in the U.S., according to new smart home research from Parks Associates. The report, Winning Smart Home Strategies for Energy Management, estimates smart thermostats will account for over 50 percent of the total market by 2017.
“Smart thermostats already account for more than one-half of the smart home devices in U.S. broadband households,” said Tom Kerber, director, research, Home Controls & Energy, Parks Associates. “Many utilities have promoted smart thermostats as part of their home energy management initiatives; however, the retail channel accounts for the most units sold last year, nearly 45 percent of the total market, so opening utility programs to include the variety of different types and brands of devices is an important consideration.”