The European smart thermostat market is set to boom, according to a new analysis from Frost & Sullivan, which states that the European market earned revenues of $152.5 million in 2014 and forecasts that this will jump to $2.57 billion by 2019.

On Controls, a provider of cloud-based smart home and commercial control solutions for professional installers, has announced the addition of Cool Automation to its Partners in Control cooperative program. The program was created to achieve seamless compatibility between the On Controls platform and an array of connected devices.

Ecovent, maker of an intelligent home zoning system designed to deliver room-by-room climate control, announced that it has closed a $6.9 million Series A funding round led by Emerson Climate Technologies.

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 Thread Group has announced the release of Thread, its new IP-based wireless networking protocol designed for low-power connected products in the home. Product developers who are members of the Thread Group can now access technical specifications and documentation to build Thread-compliant products.

Annual shipments of IEEE 802.15.4 and ZigBee wireless chipsets doubled last year and are forecast to reach a cumulative 2.5 billion chipset sales within the next five years, according to a report from research firm ON World. The smart home market is expected to utilize over two-thirds of the IEEE 802.15.4 chipsets at this time.