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12 OCT 2016

Smart thermostat sales in Western Europe to exceed one million units by 2020

Leading IoT firm to discuss EU smart home market at 11th-annual CONNECTIONS™ Europe: Smart Home, IoT, and the Connected Consumer

Parks Associates, theleading IoT research firm, released research today showing smart thermostat sales in Western Europe will increase from less than 700,000 units in 2016 to more than one million units in 2020. Leading brands in Western Europe include Honeywell, Nest, Tado, Bosch, Hive, Netamo, and Quby. The international research firm will discuss the new industry report, Managing Home Resources: Smart Energy and Water Products, atthe 11th-annual CONNECTIONS™ Europe: Smart Home, IoT, and the Connected Consumer, 2-3 November in Amsterdam, with industry leaders including executives from British Gas Connected Homes, Home.ai, mnubo, and Ayla Networks.

“The market for smart thermostats, which has grown to 9% of U.S. broadband households in the past five years, will soon expand to smart water heater controllers,” said Tom Kerber, Director, IoT Strategy, Parks Associates. “While the economics are not as favorable as those that smart thermostats have enjoyed, the potential is strong enough to cause major appliance makers in the traditionally conservative industry of water heaters to invest in smart technology. At CONNECTIONS™Europe, we will address the potential benefits of these devices, including remote access and control, malfunction detection, and leak detection.”

Smart Thermostat Sales

Aquanta Inc. recently introduced the Aquanta Water Heater Controller, which uses IoT technology from Ayla Networks, a speaker and sponsor at CONNECTIONS™ Europe, to enable cloud connectivity and remote control of nearly any existing water heater by use of smartphone or another Internet-connected device. Parks Associates analysts note the retrofit capability for this solution helps to bypass the long replacement cycle for hot water heaters, which is a significant barrier. The use cases for smart water heaters include savings in both water and energy costs for the household, in addition to leak detection, which will help drive demand for these solutions among consumers, contractors, and insurers.

“Aquanta has taken an innovative approach to the IoT market by providing a retrofit product that allows people to bring an appliance they already own into the 21st century,” said David Friedman, CEO and co-founder of Ayla Networks. “Once a product becomes part of the IoT, the data generated by the connected product can start providing important insights of benefit to the manufacturers and ancillary service providers—and eventually to consumers. Thanks to our strategic partnership between Ayla and mnubo, you’ll be hearing more about IoT-specific data analytics tools for capabilities including real-time operations monitoring and predictive maintenance.”

Ayla Networks joins Parks Associates at CONNECTIONS™ Europe for the session “IoT Infrastructure: The Impact of Data Analytics,” at 16:45 on Thursday, 3 November. Platform vendors will discuss the difficulties in creating predictive solutions that can both secure consumer data and provide in-depth insights into behavior and preferences. Speakers include:

  • Seb Chakraborty, CTO, British Gas Connected Homes
  • Jesper Jensen, CEO and Co-founder, Home.ai
  • Aditya Pendyala, Co-founder & Head of Growth, mnubo
  • Wendy Toth, Vice President of Marketing, Ayla Networks
  • Tom Kerber, Director, IoT Strategy, Parks Associates

CONNECTIONS™ Europe features multiple sessions highlighting advancements in IoT solutions that are creating more consumer engagement and business opportunities for smart home, cloud services, and connected entertainment solutions. Conference sponsors include ASSA ABLOY, Ayla Networks, Bluetooth SIG, Essence, EVRYTHNG, Home8, Icontrol Networks, mnubo, ROC-Connect, SoftAtHome, Z-Wave, and ZigBee Alliance.

Registration for CONNECTIONS™ Europe is available at http://www.connectionseurope.com. For more information about Parks Associate research, contact sales@parksassociates.com, 972-490-1113. To schedule a meeting with an analyst or to request specific research data, contact Holly Sprague at hsprague@gmail.com, 720.987.6614.


CONNECTIONS™ Europe: Strategies for Security and Smart Home will be a virtual conference taking place 10-12 November 2020, as part of the CONNECTIONS™ Community. This virtual conference and networking experience will host multiple webinars leading up to the November event, with analyst insights, interactive panels, roundtable discussions, and special networking, taking place July 15, July 29, Aug 19, Sept 16, Oct 7, and Oct 28.

Produced by Parks Associates, the 14th annual CONNECTIONS™ Europe is an executive conference focused on innovative business models, industry partnerships, and technology advancements for smart home solutions, cloud services, and value-added services, including energy management and connected health services.

CONNECTIONS™ Europe combines networking opportunities with visionary keynotes and conference sessions focused on technology adoption and trends, product and service forecasts, evaluation of new business strategies, and recommendations for strategic partnerships and monetization opportunities. http://www.connectionseurope.com