To grow from $1.1 billion in 2016 to $4.4 billion in 2025
BOULDER, Colo. — While thermostats have been around for decades, the latest technology advancements have only just begun to gain traction, noted Navigant Research.
Smart and communicating thermostats enable consumers to save money on energy bills, help utilities meet energy-efficiency and demand-side management (DSM) requirements, and play a part in connected home solutions. According to a new report from the research firm, annual global revenue for communicating and smart thermostats and associated software and services is expected to grow from $1.1 billion in 2016 to $4.4 billion in 2025.