09. June 2016 · Comments Off on You wait months for a smart thermostats report and then several arrive together, just like London buses? | TelecomTV · Categories: News · Tags: , , , ,

New research from Berg Insight of Gothenburg, in Sweden, shows that the number of homes in North American and Europe now equipped with smart thermostats is rising rapidly. Overall the sector grew by 81 per cent over the course of 2015 with uptake in North America increasing by 78 per cent and in Europe by 90 per cent year-on-year.They are impressive figures but it has to be a said that they begin from a very, very low user base. The reality is that at the moment North America has a mere 4.5 million smart thermostats deployed while Europe has just 1.4 million. All in all some 5.8 million smart thermostats are in use and that’s a miniscule number given the size of the two huge markets.Nonetheless, the smart home market is on the move and Berg Insight’s forecast is that that the number of homes in Europe and North America with smart thermostats will grow at a compound annual growth rate of 54.5 per cent over the next five years to reach an installed base of 51.1 million by 2020.Unsurprisingly Berg expects North America to remain the biggest market and has calculated that 32.2 million homes there will have smart thermostats by 2020 while Europe will have 18.9 million of them.

Source: You wait months for a smart thermostats report and then several arrive together, just like London buses | TelecomTV