Smart Thermostat Market Projected to Double by 2020

The global market for smart and communicating thermostats is expected to double from $1.1 billion in 2016 to $2.2 billion in 2020, driven by communication technology advancements, home automation interest, energy conservation, and government programs. North America is forecasted for the largest growth.

“According to data from Navigant Research, the global market for smart and communicating thermostats is expected to double in size, from $1.1 billion in 2016 to $2.2 billion in 2020, with the largest growth forecasted in North America.”

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