Navigant Research, a company which performs market research about clean technology, has released their findings on the smart thermostat market.
So let’s get right to the part you’re probably most interested in…
The Top 10 Smart Thermostat Brands
- Radio Thermostat Company of America
According to the report, Honywell is the clear leader based on 12 criteria in their analysis.
Navigant estimates there are currently around 1.4 million installed smart thermostats now, but that they expect that figure to grow to more than 31 million by 2020.
“Unlike products and solutions that are driven by government-sponsored utility smart grid programs, smart thermostats have remained largely in the commercial sphere, where individual energy efficiency awareness and cost savings determine purchasing decisions,” says Bob Lockhart, research director with Navigant Research. “However, the combined factors of increased energy awareness, interest in home automation and security tools, and more user-friendly solutions have led to an uptick in shipments for residential smart thermostats during the past year and have revived a sense of optimism and excitement among vendors and stakeholders.”
So while this is a relatively new home product, it appears the uptake will grow significantly over the coming years.
When it comes to energy and cost savings, it pays to act early – the sooner you start the more you will save in the long run.
Of course, you don’t want to end up with one from a manufacturer who won’t be around to provide support and software updates in the future, so my advice is to pick one from the top few in the list above.
If you’re interested in the detailed 39 page report, you can get it from Navigant Research