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. 

The iComfort S30 smart thermostat’s Mobile Setup App lets technicians remotely monitor and adjust the system during setup without having to walk back and forth between the thermostat and the indoor/outdoor unit. 

The Skyport™ mobile app allows users to control Venstar’s ColorTouch^® or Voyager thermostats with built-in Wi-Fi control. 

As thermostat technology continues to evolve and more and more products enter the market, manufacturers are beginning to recognize the need for a standardized definition of the smart thermostat.

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.

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.