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
Parks Associates is an internationally recognized market research firm specializing in emerging consumer technology products and services. The company’s expertise includes the Internet of Things (IoT)...
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