4Q 2019

Navigant Research Leaderboard: Smart Thermostat Vendors

Assessment of Strategy and Execution for 12 Smart and Connected Thermostat Manufacturers

Smart thermostats have become a staple in many connected home solutions, and more value is being realized from these devices. Smart thermostats enable companies to better engage their customers and reduce churn, explore new service-based business models, and participate in grid flexibility programs. These devices are becoming more affordable through declining prices and initiatives such as rebate programs. They are starting to reach a broader segment of consumers, including low income housing, newly constructed homes, multifamily dwellings, and small-to-medium businesses (SMBs).

The smart thermostat market has become more mature and consolidated since the previous iteration of this Navigant Research Leaderboard in 2016. Leading players in this market have become more established and gained significantly more traction in the market. Smaller players have been acquired or fallen by the wayside in terms of brand recognition. For ranking clarity, the report establishes major market drivers, barriers, and trends, and presents the global forecast through 2028.

This Navigant Research Leaderboard ranks smart thermostat companies on two criteria: Strategy and Execution. Threshold scores determine each vendor’s categorization (Leader, Contender, Challenger, and Follower). This report evaluates 12 smart thermostat manufacturers that are recognized in the market by established brand name, innovative offerings, and success in selling thermostat solutions. This report does not evaluate vendors that provide software or provide services for controlling thermostats, focusing solely on the hardware providers.

Top 10 Vendors
  1. Google Nest
  2. Ecobee
  3. Resideo
  4. Hive
  5. tado°
  6. Quby
  7. Johnson Controls
  8. Emerson
  9. Schneider Electric
  10. Carrier
Pages 43
Tables | Charts | Figures 20
  • What is the difference between a smart and connected thermostat?
  • How is this market expected to grow?
  • What are the drivers and barriers?
  • Who are the major players in this market and why?
  • What differentiates smart thermostat manufacturers from each other?
  • How are companies ranked?
  • What can companies do to achieve a higher status in the market and this report?
  • Smart thermostat manufacturers
  • Smart home solution providers
  • Service providers
  • Energy suppliers
  • Utilities
  • Investor community

1. Executive Summary

1.1   Market Introduction

1.2   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

3.1.4   Followers

3.2   The Navigant Research Leaderboard Grid

4. Company Rankings

4.1   Leaders

4.1.1   Google Nest

4.1.2   ecobee

4.1.3   Resideo

4.2   Contenders

4.2.1   Hive

4.2.2   tado°

4.2.3   Quby

4.2.4   Johnson Controls

4.2.5   Emerson

4.2.6   Schneider Electric

4.3   Challengers

4.3.1   Carrier

4.3.2   Trane

4.3.3    Zen Ecosystems

5. Acronym and Abbreviation List

6. Table of Contents

7. Table of Charts and Figures

8. Scope of Study and Methodology

8.1   Scope of Study

8.2   Sources and Methodology

8.2.1   Vendor Selection

8.2.2   Ratings Scale

8.2.2.1   Score Calculations

8.2.3   Criteria Definitions

8.2.3.1   Strategy

8.2.3.2   Execution

  • The Navigant Research Leaderboard Grid
  • Advanced Thermostat Device Revenue by Region, World Markets: 2019-2028
  • The Navigant Research Leaderboard Grid
  • Google Nest and Execution Scores Data
  • ecobee Strategy and Execution Scores Data
  • Resideo Strategy and Execution Scores Data
  • Hive Strategy and Execution Scores Data
  • tado° Strategy and Execution Scores Data
  • Quby Strategy and Execution Scores Data
  • Johnson Controls Strategy and Execution Scores Data
  • Emerson Strategy and Execution Scores Data
  • Schneider Electric Strategy and Execution Scores Data
  • Carrier Strategy and Execution Scores Data
  • Trane Strategy and Execution Scores Data
  • Zen Ecosystems Strategy and Execution Scores Data
  • Advanced Thermostat Device Revenue by Region, World Markets: 2019-2028
  • The Navigant Research Leaderboard Overall Scores
  • Vendor Scores
  • Vendor Scores on Strategy Criteria
  • Vendor Scores on Execution Criteria
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