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Berg Insight predicts massive growth in smart thermostats

The North American smart thermostat market is growing rapidly, and will see massive interest over next few years, Berg Insight predicts.

Published Mon, Jan 12 2015 2:09 PM CST   |   Updated Sat, Aug 8 2020 10:29 AM CDT

Connected technology in apartments and households show great potential as the Internet of Things (IoT) continues to mature, with consumers interested in select products more than others. The number of North American and European homes with smart thermostats increased 105 percent up to 3.2 million in 2014, according to Berg Insight.

Berg Insight predicts massive growth in smart thermostats | TweakTown.com

Most of the growth occurred in North America, which saw 107 percent growth, reaching 2.5 million homes in just one year. Berg Insight believes the North America will continue to see massive growth in smart thermostats, with 24.6 million homes embracing the technology by 2019.

Nest, Honeywell and Ecobee currently lead the North American smart thermostat market, with a growing number of manufacturers and vendors joining the market. The ability for homeowners to more accurately track their utilities, and customize temperature controls, will become even more appealing as the technology matures.

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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