Growing awareness and demand for smart home solutions has reached mass market scale, according to survey results from global technology research firm ON World.
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.
Many thermostat manufacturers are bringing Web-connected smart thermostats to the market, to compete with the Nest Learning Thermostat. Multi-service operators (MSOs), home security monitoring services, and others are taking a different approach — using connected thermostats as part of a wider smart home system.
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.
A survey of U.S. adults by Coldwell Banker Real Estate LLC and CNET found that Americans are already embracing the smart home with 28 percent owning at least one smart home product and almost half of millennials (ages 18 to 34) adopting the technology.
The global smart thermostat market is forecast to reach $2.21 billion by 2022, according to a new study by Grand View Research Inc. These devices allow users to remotely manage their heating and air conditioning systems using wireless connectivity and mobile apps.
An examination of the strategy and execution of 16 leading home energy management (HEM) vendors, including vendor profiles and rankings, is provided in a new Leaderboard Report from Navigant Research.
Nest Labs Inc. today announced the third generation Nest Learning Thermostat, which has a slimmer profile, a high-resolution screen that’s 40 percent larger, and an updated user interface to make it easier to read temperatures, alerts, and messages.