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 global residential energy management market had an estimated value of $2.86 billion in 2014 and is forecast to reach $15.62 billion by 2019, with a compound annual growth rate (CAGR) of 40.4 percent between 2014 and 2019, according to a new report from Research and Markets.

The global market for demand response-enabled smart home energy management devices is forecast to grow to $4 billion by 2025, according to a new report published by IHS.

To further advance energy efficiency in buildings, the U.S. Department of Energy (DOE) announced it is launching two new Better Buildings Accelerators to help American families improve the efficiency of their homes.

Connecticut has launched a statewide residential energy labeling program. The first state to use the Department of Energy’s (DOE’s) Home Energy Score, EnergizeCT’s Home Energy Solutions program will provide an energy efficiency score and recommend efficiency improvements to residents across the state.