Sales of smart thermostats in Western Europe are set to rise from less than 700,000 units in 2016 to more than one million units by 2020, according to a report on smart energy and water products by Parks Associates. Although the market for smart thermostats in the region has a long way to go to reach the US figure of 9 percent of broadband households, the report indicates that brands such as Nest, Tado, Bosch, Hive, Netamo and Quby have all launched smart thermostat products in recent years, with major appliance makers also set to invest in smart water heater controllers.
From the article "Western European Smart Thermostat Sales To Hit 1 Mln By 2020" by www.telecompaper.com
Most consumers haven't caught IoT fever yet. "New research from Parks Associates indicates that just 36% of US broadband households have one smart home device, a percentage that decreases if all house...
According to Parks Associates, it only gets worse from here. In its 2022 “OTT Streaming Trends to Watch” white paper, their data shows that the average churn rate was 40% in 2020. Right now, the avera...
According to researchers at Harvard University, Americans spent nearly $420 billion on home improvements and repairs in 2020, as households modified living spaces for work, school, and leisure in resp...
While I’m eager to watch the unfolding evolution of smart home technologies, with mind-blowing features like voice-enabled technology, machine learning, virtual reality, location services, and demand...
