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Smart thermostats may not always be the best option for everyone. For many, a simpler thermostat without the bells and whistles is all they need and want.

In just a few short years, a thermostat with Wi-Fi connectivity went from a novel concept to an expectation. And, with consumers demanding more and more from the devices in their increasingly smarter homes, it’s clear the market will only continue to grow and change.

Growing awareness and demand for smart home solutions has reached mass market scale, according to survey results from global technology research firm ON World.

In the U.S., smart thermostat makers market directly to end users, but, in Europe, it’s the utilities that are marketing these products.

The venture capital unit of Siemens AG and Statkraft Venture Capital has invested alongside the venture capital funds of Target Partners, Shortcut Ventures, BayBG, and others.

The LUX/GEO smart thermostat can be installed with true-battery power and dual mounting positions (vertical or horizontal). 

Earth Networks® announced that its WeatherBug mobile app is the first to integrate big weather data, connected thermostats, and utility meter data to provide consumers with real-time analytics on how weather impacts their energy usage in order to make smarter home energy efficiency and utility cost decisions.

The EnOcean Alliance and the Open Interconnect Consortium (OIC) today announced a new liaison agreement. This collaboration joins one of the most established wireless building controls alliances with a leading Internet of Things (IoT) association.

Nest Labs Inc. has announced several updates to its Works with Nest program, designed to provide a comprehensive platform for developers building connected home products.

The global smart thermostat market, including hardware and service, is expected to grow from $585.09 million in 2014 to reach $5.9 billion by 2020, growing at a compound annual growth rate (CAGR) of 31.82 percent from 2015 to 2020, according to a report published by MarketsandMarkets.