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Smart & Connected Thermostats in the US

Smart & Connected Thermostats in the US

US demand for smart and connected thermostats is forecast to increase 18% per year through 2022, when demand is expected to transition to become less comprised of initial product purchases and more replacement-oriented. Driving gains will be the immediate cost- and energy-saving benefits of smart and connected thermostats compared to traditional low-tech types, which will appeal to a broader range of consumers, as well as the growing ubiquity of smart home devices overall.

This report covers US demand for smart and connected thermostats sold via consumer channels to residences and small businesses, along with profiles of key product introductions and industry leaders, as well as discussion of the technological outlook for the next generation of products.

Data are given in dollar value at the manufacturer level and in unit terms, as well as in terms of the number of US households that contain smart and/or connected thermostats.

The study also compares total US HVAC thermostat demand with that of smart and connected thermostats and provides a comprehensive overview of the overall smart home/IoT market.

Scope of the Report
This report covers the scope, size, and growth of the US smart and connected thermostat market, including key trends in product mix and technological innovation. Historical data are provided for 2012 and 2017, along with forecasts for 2022 and 2025. Data are provided in both volume and value terms. Also included is an analysis of the leading industry key players, their market activities, and their recent or forthcoming product introductions.


  • EXECUTIVE SUMMARY
    • Table Figure 1-1 | US Smart & Connected Thermostat Market
  • SMART THERMOSTAT OVERVIEW
    • Key Findings
      • Table Figure 2-1 | Key Trends in the US Smart & Connected Thermostat Market
    • Smart Versus Connected Thermostats
    • Broadband Internet Subscriptions per Household
      • Table US Households with Broadband Subscription, 2012 – 2025
      • Table Figure 2-2 | US Broadband Households that Purchased Smart & Connected Thermostats, 2004 – 2017
    • The Internet of Things
      • Definition
      • Smart Home Revolution: The Race to Automate the Home
        • Table Smart Home Speaker & Hub Retail Sales, 2016 – 2025
      • Artificial Intelligence, Domotics, & Ambient Computing
    • Technology & Product Innovation
      • Introduction
      • Activity & Ambient Temperature Sensors
      • Geofencing
      • Learning Algorithms
      • Blockchain
    • Environmental & Regulatory Factors
    • Advantages of Smart & Connected Thermostats
    • Challenges Impacting Smart & Connected Thermostat Demand
    • Smart Home Integrations
    • Sales Channels for Smart & Connected Thermostats
      • Scope
      • Retail
      • HVAC Contractor
      • Utilities
      • Other Distribution Channels
  • PRODUCTS
    • Key Findings
      • Table Figure 3-1 | Key Smart & Connected Thermostat Product Trends
    • Smart & Connected Thermostat Demand Forecasts
      • Value Demand Forecast
        • Table Smart & Connected Thermostat Demand by Value, 2012 – 2025
        • Table Figure 3-2 | Total HVAC & Smart & Connected Thermostat Demand by Value, 2004 – 2017
      • Volume Demand Forecast
        • Table Smart & Connected Thermostat Demand by Volume, 2012 – 2025
        • Table Figure 3-3 | Smart & Connected Thermostat Demand by Volume, 2011 – 2025
      • Smart & Connected Thermostat Demand by Type
        • Table Smart & Connected Thermostat Demand by Type, 2012 – 2025
        • Table Figure 3-4 | Smart & Connected Thermostat Volume Demand Share by Type, 2012 – 2025
    • Key Smart Product Introductions
      • Overview
        • Table Smart & Connected Thermostats: Timeline of Key Market Developments
      • Carrier (United Technologies)
        • Table Figure 3-5 | Carrier Smart & Connected Thermostats
      • ecobee
        • Table Figure 3-6 | ecobee Smart Thermostats
      • Honeywell
        • Table Figure 3-7 | Honeywell Smart Thermostats
      • LUX Products
        • Table Figure 3-8 | LUX Products Smart Thermostats
      • Nest Labs (Google)
        • Table Figure 3-9 | Nest Labs Smart Thermostats
      • Schneider Electric
        • Table Figure 3-10 | Schneider Electric's Wiser Air Smart Thermostat
  • PRODUCERS
    • Key Findings & Industry Composition
    • Market Share
      • Table Selected Smart & Connected Thermostat Market Participants
    • Research & Product Development
    • Mergers & Acquisitions
    • Cooperative Agreements
      • Table Selected Cooperative Agreements
    • Marketing Strategies
      • Overview
      • Co-Branding Partnerships
      • Energy Conservation Programs
      • Philanthropic Initiatives
      • Smart Neighborhoods
    • Alarm.com Incorporated
      • Table Alarm.com: Key Product Lines
    • Alphabet Incorporated (Google)
      • Table Alphabet: Key Product Lines
    • APX Group Incorporated
      • Table Vivint: Key Product Lines
    • Ecobee Incorporated
      • Table ecobee: Key Product Lines
    • EcoFactor Incorporated
      • Table EcoFactor: Key Product Lines
    • Emerson Electric Company
      • Table Emerson Electric: Key Product Lines
    • Honeywell International Incorporated
      • Table Honeywell International: Key Product Lines
    • Johnson Controls plc
      • Table Johnson Controls: Key Product Lines
    • LUX Products Corporation
      • Table LUX Products: Key Product Lines
    • Schneider Electric
      • Table Schneider Electric: Key Product Lines
    • tado° GmbH
      • Table tado°: Key Product Lines
    • Tantalus Systems Corporation
      • Table Tantalus Systems: Key Product Lines
    • United Technologies Corporation
      • Table United Technologies: Key Product Lines
    • Other Companies Mentioned in Study
  • APPENDIX
    • Scope
      • Table Relevant Industry Codes
    • Definitions
    • Abbreviations
      • Table Abbreviations & Acronyms Used in Study
    • Freedonia Methodology
    • Study Specific Methodology
    • Sources
    • Associations & Agencies
    • Related Freedonia Group Studies
    • Climate Zones
      • Table Figure 5-1 | Continental US Climate Zones
    • Macroeconomic Assumptions
      • Economic Environment
        • Table Macroeconomic Indicators, 2007 – 2022
        • Table Figure 5-2 | Annual Growth in Real GDP, 2000 – 2017, Compared to 1980 – 2005 Average
      • Demographic Trends
        • Table Population & Households, 2007 – 2022
        • Table Figure 5-3 | Annual Population Growth, 2002 – 2017

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