The expected surge in smart thermostat sales will have equipment manufacturers, many of whom have their own proprietary controls, competing with the well-known universal thermostat brands, such as Nest, Honeywell, and ecobee.
The iComfort M30 smart thermostat is an Amazon® Echo-enabled, smart-home-compatible thermostat. It works with Amazon Echo, Echo Dot, and Tap devices, allowing the homeowner to ask Alexa to adjust the temperature.
In today’s modern world of technology, people look to their smartphones for nearly everything, including banking, shopping, fitness tracking, home security and of course managing indoor comfort levels.
An array of distribution channels is helping to drive the market for advanced thermostats
June 17, 2016
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.
Smart thermostats are a particularly attractive opportunity in the smart home market
June 13, 2016
The number of North American and European homes with a smart thermostat grew by 81 percent to 5.8 million in 2015, according to a new research report from Berg Insight. The North American market recorded a 78 percent growth in the installed base of smart thermostats to 4.5 million.
Many residential users are seeking ways to reduce energy consumption and cut costs
March 29, 2016
The global market for ZigBee-enabled smart thermostats is forecast to increase substantially at a compound annual growth rate (CAGR) of over 67 percent by 2020, according to a market analysis by Technavio.
Research analysts expect the market to grow exponentially
October 26, 2015
The global smart thermostat market is projected to generate revenue of more than $1.3 billion by 2019, according to a report by Sandler Research. The report states that one of the main challenges faced by the smart thermostats market is the high initial cost, which exceeds that of conventional thermostats.
North American smart thermostat market expected to dominate the global industry
October 26, 2015
The North American smart thermostat market is expected to dominate the global industry due to an increasing demand for energy efficiency and the presence of key vendors in the region.