Annual Revenue for Communicating and Smart Thermostats is Expected to Reach $4.4 Billion in 2025

smart thermostats
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A new report from Navigant Research examines the global market opportunities for communicating and smart thermostats, with analysis of market drivers, profiles of key stakeholders, and forecasts of shipments and revenue, through 2025.

While thermostats have been around for decades, the latest technology advancements have only just begun to gain traction. Communicating and smart 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.

“In the next decade, smart thermostats are expect to account for almost half of annual thermostat shipments,” says Paige Leuschner, research analyst at Navigant Research. “Uptake of these and communicating thermostats is expected to escalate as software and services increase the value of thermostats through more advanced capabilities, intelligence, and insights, and as more thermostats are incorporated into utility efficiency and demand response programs.”

As the market for communicating and smart thermostats continues to evolve, different distribution channels for these devices are emerging, according to the report. Telecommunications and broadband service providers, home security companies, and heating, ventilating, and air conditioning (HVAC) installers are all finding ways to incorporate advanced thermostats into their solutions.

The report, Smart Thermostats, analyzes the global market opportunities for communicating and smart thermostats. The study provides an analysis of the market issues, including the current market drivers, barriers, and business segments, utility and vendor activity, and broad industry trends, associated with communicating and smart thermostats. Global market forecasts for unit shipments, average selling prices, and revenue, including revenue for related software and services, extend through 2025. The report also examines the key technologies related to communicating and smart thermostats and profiles the major industry players. An Executive Summary of the report is available for free download on the Navigant Research website.

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