Published: Q1 2016

Analysts/Contributors:
Mareca Hatler, Darryl Gurganious
and Jeff Kreegar

Pages: 45 (43 figures, 11 tables)

Table of Contents

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* Primary investigation
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News release

Methodology

Testimonials


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Synopsis:

With millions of sales from dozens of vendors, smart thermostats are one of the largest and fastest growing smart home product segments.

Retail sales nearly tripled over the past two years and this is forcing vendors and platform providers to create open and interoperable systems. Nest Labs is still the market leader but the latest offerings from Honeywell, Ecobee, Emerson and several new entrants have narrowed its lead.

ON World’s surveys with 2,000+ U.S. consumers conducted from Q3 2015 through January 2016 found that 1 in 3 are likely to use smart home solutions and smart thermostats are one of the most preferred product segments.

Cost continues to be a major smart home purchasing consideration. However, by 2:1 consumers prefer to pay upfront for home energy management products versus having a monthly service fee.

Within the next five years, 70 million smart thermostats will be installed in homes worldwide.

Smart thermostats make up nearly half of the 170 home energy management products that ON World evaluated for this report and almost 8 in 10 of the consumer reviews.

This report is based on surveys and phone interviews with 2,000+ individuals across the whole home energy management value chain, an evaluation of 170 products with 20,000 consumer reviews and 40+ companies.

It analyzes the market opportunities and threats for utilities/energy retailers, home service providers, hardware manufacturers, software developers and chipset suppliers.

This report is part of a series of reports on the smart home that may be purchased separately or as part of a report set.

Primary Research:

2,000+ individuals including consumers, home service providers, retail outlets, professional installers, device manufacturers, software developers and component suppliers.

Free Executive Summary:
Send us an email with
"smart thermostats"
in the subject.

Manufacturers

Allure Energy
CentraLite Systems
Computime
Ecobee
Emerson
Energate
Honeywell
Nest Labs
Netatmo
Radio Thermostat Company of America
Residential Control Systems (RCS)
Tado
Venstar

Software & Control Systems

ABB
Alarm.com
Arrayent
Ayla Networks
Belkin
Comcast
Comverge
Control4
Crestron
EcoFactor
GreenWave Systems
Ingersoll Rand
Insteon (SmartLabs)
Iris by Lowe’s
Kitu System
(Previously Grid2Home)
Legrand
Leviton
LG
Muzzley

Software cont.

Robert Bosch Smart Home
Roc-Connect
Samsung Electronics
Schneider Electric
Silver Spring Networks
SmartThings
Technicolor
Tendril
Wink
Zonoff

Industry Alliances:

AllSeen Alliance
Bluetooth SIG
Energy@home
IPSO Alliance
ZigBee Alliance
Z-Wave Alliance

Home Service Providers &
Retail Outlets:

ADT
Amazon
Apple Stores
AT&T
Best Buy
British Gas
Comcast
Home Depot
Lowe's
Staples
Verizon
Vivint
Walmart

Executive Summary
Report Scope & Methodology

Ecosystem

Trends & Developments
Cloud-based Platforms
Open Source Software
IP Convergence
The Value System

Product Analysis
Smart Home Products by Market
Smart Home Products by Launch Date
Home Energy Management Products by Growth
Home Energy Management Products by Technology
Products by Price
Consumer Ratings by Product Type
Consumer Ratings by Vendor

Smart Thermostat Competitive Analysis
Market Leaders
Consumers’ Most Preferred Smart Thermostat Vendor
Challengers & Innovators

Consumer Views
When Likely to Adopt
Primary Smart Home Adoption Driver
Most Likely Smart Home & Home Energy Management Products
Purchasing Considerations
Preference for Two or More Smart Home Applications
Minimum Incentive to Allow Utility to Remote Control Devices

Technology Dynamics
Summary
Low Power Wireless Standards
IP Addressable Smart Objects
Mesh Networking
Technologies & Standards Groups
IEEE 802.15.4
ZigBee
The Thread Group
Z-Wave
Low Power WiFi
Bluetooth Smart
Insteon

Other IoT Initiatives & Industry Groups
AllSeen Alliance
AllJoyn Service Frameworks
Open Interconnect Consortium (OIC)
Mozaiq Operations
UPnP+ Initiative
Energy@Home
USNAP Alliance

Market Size Forecasts
Methodology
Installed Systems by Market
Units by Market
Revenues by Market
Revenues by Equipment & Services
Revenues by Geography
Chipsets by Technology

Company Profiles
Device Manufacturers
Software & Control Platforms

List of Figures

Figure 1: Global Installed Smart Thermostats (2014-2020)
Figure 2: Smart Thermostat Retail Sales Growth
Figure 3: Likely Smart Home Adopters Using/Planning Smart Thermostats
Figure 4: Global Installed Smart Home WSN Systems (2014-2020)
Figure 5: Smart Home Energy Management Value System
Figure 6: Smart Home Products by Market
Figure 7: Smart Home Products by Launch Date
Figure 8: Smart Home Energy/HVAC/Appliances Unique Products by Types
Figure 9: Smart Home Energy/HVAC/Appliances Sales Growth by Product Type
Figure 10: Smart Home Energy/HVAC/Appliances Retail Products by Technology
Figure 11: Smart Home Energy/HVAC/Appliances Products by Type & by Technology
Figure 12: Smart Home Energy/HVAC/Appliances Sales Growth by Technology
Figure 13: Smart Thermostat Products by Price
Figure 14: Smart Home Energy/HVAC/Appliances Ratings by Product Type
Figure 15: Smart Home Energy/HVAC/Appliances Ratings by Technology 12
Figure 16: Smart Thermostat Positive vs Negative Consumer Ratings by Vendor
Figure 17: Smart Thermostat Retail Market Shares & Growth by Vendor 2013-2015
Figure 18: Smart Thermostat Vendors Ranked by Disruption & Sustainability
Figure 19: Smart Thermostat Market Leaders by Market Share
Figure 20: Consumer’s Most Preferred Smart Thermostat Vendor
Figure 21: Consumer’s Most Preferred Smart Thermostat Vendor by Gender
Figure 22: Consumer’s Most Preferred Smart Thermostat Vendor by Age
Figure 23: Consumer’s Most Preferred Smart Thermostat Vendor by Income
Figure 24: When Likely to Adopt Smart Home Sensing System
Figure 25: When Likely to Adopt Smart Home Sensing System by Gender
Figure 26: When Likely to Adopt Smart Home Sensing System by Age
Figure 27: When Likely to Adopt Smart Home Sensing System by Income
Figure 28: Primary Reason to Purchase a Smart Home System
Figure 29: Primary Reason to Purchase a Smart Home System by Gender
Figure 30: Primary Reason to Purchase a Smart Home System by Age
Figure 31: Primary Reason to Purchase a Smart Home System by Income
Figure 32: Smart Home Products Most Likely to Purchase
Figure 33: Home Energy Management Products Most Likely to Purchase
Figure 34: Smart Home Purchasing Considerations
Figure 35: Home Energy Management Most Important Considerations
Figure 36: Preferred Integration(s) for Smart Home Lighting System
Figure 37: Min Incentive to Allow Utility to Remotely Control Home devices
Figure 38: Global Installed Smart Thermostats by Market (2014-2020)
Figure 39: Global Smart Thermostat Annual Shipments by Market (2014-2020)
Figure 40: Global Smart Thermostat Revenues by Market (2014-2020)
Figure 41: Global Smart Thermostat Revenues, Equipment & Services (2014-2020)
Figure 42: Global Smart Thermostat Revenues by Geography (2014-2020)
Figure 43: Global Smart Thermostat Chipsets by Technology (2014-2020)

List of Tables

Table 1: Smart Thermostat Market Leaders
Table 2: Smart Thermostat Challengers & Innovators
Table 3: Smart Home Wireless Technologies
Table 4: Global Installed Smart Thermostats by Market (2014-2020)
Table 5: Global Smart Thermostat Annual Shipments by Market (2014-2020)
Table 6: Global Smart Thermostat Revenues by Market (2014-2020)
Table 7: Global Smart Thermostat Revenues, Equipment & Services (2014-2020)
Table 8: Global Smart Thermostat Revenues by Geography (2014-2020)
Table 9: Global Smart Thermostat Chipsets by Technology (2014-2020)
Table 10: Smart Thermostat Device Manufacturers – Profiles
Table 11: Smart Home/Energy Management Software & Cloud Platforms – Profiles