Interest in Smart Thermostats Increasing

Nest-Thermostat Smart Thermostats

TXU Energy building on success of smart thermostat program

Fierce Energy, December 22, 2014

Since 2013, the market for communicating and smart thermostats has exploded, according to Navigant Research, with 2014 seeing stronger traction with significant business activity in the form of mergers and acquisitions, international expansion, technological growth, and more conclusive evidence of cost-effectiveness.

Interest in North America and Europe is being driven by utilities and energy retailers, as well as consumers and small businesses. According to Navigant, small businesses are increasingly adopting solutions originally intended for residences as a low-cost way to manage the energy use of heating, ventilation, and air conditioning (HVAC) systems.

“It’s not just end users that are interested in smart thermostat technologies,” said Lauren Callaway, research analyst with Navigant Research.  “Today, adoption is increasing in several different customer segments, as utilities, energy retailers, small businesses, and homeowners realize the value in using these devices to manage their energy use and save money.”

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