Smart Thermostats

Standalone, Networked, and Learning Smart Thermostats:
Global Market Analysis and Forecasts

Smart thermostats, also known as programmable communicating thermostats (PCTs), utilize integrated technologies that surpass the basic sensing and control functions of traditional thermostats. Functions range from remote reading and control to fully automated control systems that balance learned user habits with utility demand-side management. In some cases, the smart thermostat is part of an integrated home automation system that includes other devices such as smart lighting, plugs, entertainment, and security systems.

During the recent smart grid frenzy, smart thermostats developed a degree of excitement alongside announcements of ambitious smart meter rollouts and demand response (DR) programs. Unlike products and solutions that are directly integrated by government-sponsored utility smart grid programs, smart thermostats have remained largely in the commercial sphere, where uptake relies on individual energy efficiency awareness and cost savings as purchasing incentives. As such, the market for smart thermostats has struggled to gain traction, especially given a much higher perceived average cost compared to that for basic programmable thermostats. Navigant Research forecasts that global revenue from smart thermostats will grow from $85.5 million in 2013 to $1.4 billion in 2020.

This Navigant Research report analyzes the worldwide market opportunities for smart thermostats. It provides an assessment of market drivers and inhibitors, business models, and different technologies associated with the smart thermostat and home automation markets. Global market forecasts for revenue, average selling prices, and shipments, segmented by region and product category, extend through 2020. The report also profiles key industry players and examines specific utility case studies that illustrate different types of smart thermostat-enabled DR and energy efficiency programs at various stages of maturity.

Key Questions Addressed:
  • What are the key segments in the smart thermostat market?
  • What is the global growth potential for smart thermostats?
  • Which market drivers and barriers are having the greatest impact on smart thermostats?
  • How can hardware and software vendors effectively design and market smart thermostats?
  • How can utilities best utilize smart thermostats for energy efficiency (EE) and demand response (DR)?
Who needs this report?
  • Thermostat manufacturers and component suppliers
  • Energy management platform providers
  • Smart grid hardware and software vendors
  • Home security and home automation providers
  • Broadband service providers
  • Utilities
  • Investor community

Table of Contents

1. Executive Summary

1.1  Overview: The Smart Thermostat

1.2  Market Dynamics

1.2.1   Market Opportunities

1.3  Forecast Overview

2. Market Issues

2.1  Market Overview

2.2  Market Drivers for Smart Thermostats

2.3  Market Inhibitors for Smart Thermostats

2.4  Competitive Landscape

2.5  Smart Thermostats: Standalone versus Networked and Learning Capabilities

2.5.1   Standalone Smart Thermostats

2.5.2   Networked Smart Thermostats

2.5.3   Learning Smart Thermostats

2.6  Market Drivers: Utilities

2.6.1   Meeting Load Growth and Growing Peak Demand

2.6.2   Reducing Energy Consumption

2.6.3   Smart Meters

2.7  Utility Adopters of Smart Thermostats

2.7.1   Demand Response

2.7.2   Smart Thermostats and ADR

2.7.2.1  New York City: coolNYC

2.7.3   Customer Centric ADR

2.7.3.1  Nest Labs and Rush Hour Rewards

2.8  Broadband Service Providers for Smart Thermostats

2.8.1   Home Automation Providers

2.8.1.1  Comcast Xfinity Home Automation

2.8.1.2  AT&T Digital Life

2.8.1.3  Verizon Home Monitoring and Control

2.8.2   Home Automation and Security: The Value-Add Add-on

2.9  Retail Channels for Smart Thermostats

2.10  Case Studies

2.10.1   OGE Energy Corp.

2.10.2   NV Energy

2.10.3   National Grid USA Service Company, Inc.

2.11  Market Growth Prospects for Smart Thermostats: United States and Internationally

3. Technology Issues

3.1  Smart Thermostat Overview

3.2  Applications and Analytics

3.3  Interoperability and Communication Standards

3.3.1   Z-Wave

3.3.2   ZigBee

3.3.3   HomePlug

3.3.4   Wi-Fi

3.3.5   Smart Energy Profile (SEP) 1.1 and 2.0

3.3.6   Universal Smart Network Access Port (USNAP)

3.4  Thermostat and Smart Thermostat Component Breakdown

3.4.1   Analog-to-Digital Converter

3.4.2   Network Interface: A Product Differentiator

3.4.3   Powerful Processing and Memory Capabilities

3.4.4   Display: Appealing Form Factor and Powerful User Interface

4. Key Industry Players

4.1  Smart Thermostat Providers and Associated Services

4.1.1   AlertMe

4.1.2   Carrier

4.1.3   ecobee

4.1.4   EcoFactor

4.1.5   Energate

4.1.6   EnergyHub

4.1.7   Honeywell Inc.

4.1.8   iControl Networks

4.1.9   Nest Labs

4.1.10  Opower

4.1.11  Radio Thermostat of America

4.1.12  Tado GmbH

4.1.13  Tendril

4.1.14  Trane

4.2  Utilities Participants

4.2.1   Austin Energy

4.2.2   Baltimore Gas and Electric

4.2.3   British Gas

4.2.4   Enel

4.2.5   Green Mountain Energy Company

4.2.6   National Grid

4.2.7   NV Energy

4.2.8   Oklahoma Gas & Electric

4.2.9   San Diego Gas & Electric

4.3  Home Automation Providers

4.3.1   ADT

4.3.2   AT&T

4.3.3   Comcast Corp

4.3.4   Time Warner Cable, Inc.

4.3.5   Verizon

4.3.6   Vivint, Inc.

4.4  Network Protocol Associations

4.4.1   HomePlug Alliance

4.4.2   ZigBee Alliance

4.4.3   Z-Wave Alliance

5. Market Forecasts

5.1  Global Smart Thermostat Forecast Overview

5.2  Smart Thermostat Market Forecast by Type

5.3  Regional Forecast: North America

5.4  Regional Forecast: Europe

5.5  Regional Forecast: Asia Pacific

5.6  Regional Forecast: Latin America

5.7  Regional Forecast: Middle East &Africa

5.8  Conclusion and Recommendations

5.8.1   Recommendations

6. Company Directory
7. Acronym and Abbreviation List
8. Table of Contents
9. Table of Charts and Figures
10. Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

  • Smart Thermostat Shipments by Region, World Markets: 2013-2020
  • Thermostat Shipments by Region, All Types, World Markets: 2012-2020
  • Smart Thermostat Revenue by Region, World Markets: 2013-2020
  • Smart Thermostat Revenue by Type, World Markets: 2013-2020
  • Networked Smart Thermostat Revenue by Region, World Markets: 2013-2020
  • Standalone Smart Thermostat Revenue by Region, World Markets: 2013-2020
  • Learning Smart Thermostat Revenue by Region, World Markets: 2013-2020
  • Smart Thermostat Household Penetration Rate by Region, World Markets: 2013-2020
  • Percent of Homes with Air Conditioning by Region, United States: 1980-2009
  • Nest Labs Mobile Application
  • Z-Wave Home Control
  • Example of ZigBee Networks through Wi-Fi and AMI
  • HomePlug Topology
  • Migration to SEP 2.0
  • Smart Thermostat Hardware Components

List of Tables

  • Thermostat Shipments by Region, All Types, World Markets: 2013-2020
  • Thermostat Revenue by Region, All Types, World Markets: 2013-2020
  • Smart Thermostat Shipments by Region, World Markets 2013-2020
  • Smart Thermostat Average Selling Price by Region, World Markets: 2013-2020
  • Smart Thermostat Revenue by Region, World Markets: 2013-2020
  • Smart Thermostat Residential Installed Base by Region, World Markets: 2013-2020
  • Penetration Rate of Households With Smart Thermostats by Region, World Markets: 2013-2020
  • Standalone Smart Thermostat Shipments by Region, World Markets 2013-2020
  • Standalone Smart Thermostat Average Selling Price by Region, World Markets: 2013-2020
  • Standalone Smart Thermostats Revenue by Region, World Markets: 2013-2020
  • Standalone Smart Thermostats Residential Installed Base by Region, World Markets: 2013-2020
  • Penetration Rate of Households With Standalone Smart Thermostats by Region, World Markets: 2013-2020
  • Networked Smart Thermostat Shipments by Region, World Markets 2013-2020
  • Networked Smart Thermostat Average Selling Price by Region, World Markets: 2013-2020
  • Networked Smart Thermostat Revenue by Region, World Markets: 2013-2020
  • Networked Smart Thermostats Residential Installed Base by Region, World Markets: 2013-2020
  • Penetration Rate of Households With Networked Smart Thermostats by Region, World Markets: 2013-2020
  • Learning Smart Thermostat Shipments by Region, World Markets 2013-2020
  • Learning Smart Thermostat Average Selling Price by Region, World Markets: 2013-2020
  • Learning Smart Thermostats Revenue by Region, World Markets: 2013-2020
  • Learning Smart Thermostats Residential Installed Base by Region, World Markets: 2013-2020
  • Penetration Rate of Households With Learning Smart Thermostats by Region, World Markets: 2013-2020
  • Smart Thermostat Revenue by Segment, World Markets: 2013-2020

Downloads

Register or Login to download free sample content.


{"userID":"","pageName":"Smart Thermostats","path":"\/research\/smart-thermostats","date":"4\/22\/2014"}