Navigant Research Leaderboard Report: Smart Thermostats

Assessment of Strategy and Execution for 17 Smart Thermostat Hardware, Software, and Service Vendors

The communicating and smart thermostat market has garnered greater attention and seen an increase in activity since the last iteration of this Navigant Research Leaderboard Report in 2015. More value is being realized from smart thermostats because of their ability to enable consumers to save money on energy bills and help utilities meet energy efficiency and demand-side management (DSM) requirements. These thermostats also play a significant part in connected home solutions.


Different distribution channels have emerged for these devices, as well. Telecommunications and broadband service providers, home security companies, and heating, ventilating, and air conditioning (HVAC) installers are racing to incorporate advanced thermostats into their solutions. Meanwhile, software and services—especially those that are cloud-based—have become a vital part of these more intelligent thermostats, providing data-based insights and opportunities that increase the value of the devices. These developments and the surge in activity surrounding this market have resulted in a changing landscape for the competition. Several new players have been introduced since 2015, and existing players have shifted in ranking and position.

This Navigant Research Leaderboard Report examines the strategy and execution of 17 manufacturers and software and services providers that are active in the global communicating and smart thermostat market. The vendors are rated on 12 criteria: vision; go-to-market strategy; partners; production strategy and roadmap; technology; geographic reach; sales, marketing, and distribution; product performance; product quality and reliability; product portfolio; pricing; and staying power. Using Navigant Research’s proprietary Leaderboard methodology, vendors are profiled, rated, and ranked with the goal of providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the global smart thermostat market.

Top 10 Vendors:

1. ecobee

2. Nest Labs

3. Honeywell

4. EnergyHub

5. EcoFactor

6. Schneider Electric

7. WeatherBug

8. tado

9. Quby

10. Energate

Key Questions Addressed:
  • What is a smart thermostat?
  • How is a smart thermostat different from a communicating thermostat?
  • How will the smart and communicating thermostat market grow over the next decade?
  • What are the key drivers and barriers for this market?
  • Who are the key players in the global smart and communicating thermostat market?
  • Who are the Leaders, Contenders, Challengers, and Followers in this market?
  • What are the strengths and weaknesses of each company ranked in this Leaderboard Grid?
Who needs this report?
  • Utilities
  • Energy retailers
  • Thermostat manufacturers/platform providers
  • Broadband service and telecommunications providers
  • Home security providers
  • Connected home and home automation providers
  • Regulators
  • Investor community

Table of Contents

1. Executive Summary

1.1  Market Introduction

1.2  Criteria Overview

1.3  The Navigant Research Leaderboard Grid

2. Market Overview

2.1  Market Definition

2.2  Market Drivers

2.3  Market Barriers

2.4  Market Trends

3. The Navigant Research Leaderboard

3.1  The Navigant Research Leaderboard Categories

3.1.1   Leaders

3.1.2   Contenders

3.1.3   Challengers


3.2  The Navigant Research Leaderboard Grid

4. Company Rankings

4.1  Leaders

4.1.1   ecobee

4.1.2   Nest Labs

4.1.3   Honeywell

4.2  Contenders

4.2.1   EnergyHub

4.2.2   EcoFactor

4.2.3   Schneider Electric

4.2.4   WeatherBug

4.2.5   tado

4.2.6   Quby

4.2.7   Energate

4.2.8   Emerson

4.2.9   Carrier

4.3  Challengers

4.3.1   Trane

4.3.2   LUX

4.3.3   Climote

4.3.4   RTCA

4.3.5   Computime (SALUS)

5. Acronym and Abbreviation List
6. Table of Contents
7. Table of Charts and Figures
8. Scope of Study, Sources and Methodology, Notes

8.1  Scope of Study

8.2  Sources and Methodology

8.2.1   Vendor Selection

8.2.2   Ratings Scale  Score Calculations

8.2.3   Criteria Definitions  Strategy  Execution

List of Charts and Figures

  • The Navigant Research Leaderboard Grid
  • Communicating and Smart Thermostat Device and Software and Services Revenue by Region, World Markets: 2016-2025
  • ecobee Strategy and Execution Scores
  • Nest Labs Strategy and Execution Scores
  • Honeywell Strategy and Execution Scores
  • EnergyHub Strategy and Execution Scores
  • EcoFactor Strategy and Execution Scores
  • Schneider Electric Strategy and Execution Scores
  • WeatherBug Strategy and Execution Scores
  • tado Strategy and Execution Scores
  • Quby Strategy and Execution Scores
  • Energate Strategy and Execution Scores
  • Emerson Strategy and Execution Scores
  • Carrier Strategy and Execution Scores
  • Trane Strategy and Execution Scores
  • LUX Strategy and Execution Scores
  • Climote Strategy and Execution Scores
  • RTCA Strategy and Execution Scores
  • Computime (SALUS) Strategy and Execution Scores

List of Tables

  • Communicating and Smart Thermostat Device and Software and Services Revenue by Region, World Markets: 2016-2025
  • The Navigant Research Leaderboard Overall Scores
  • Vendor Scores
  • Vendor Scores on Strategy Criteria
  • Vendor Scores on Execution Criteria

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