Providing Market Intelligence for 40 Years

In The News

Thermostat Wars: With Help From Apple HomeKit, Ecobee Takes Number Two Place Behind Nest

In the nascent connected home industry, startups now have the choice to tie up with platforms from either Apple AAPL +0.00% or Google GOOGL -0.30%. And going with Apple can make a big difference — that’s at least according to smart thermostat-maker Ecobee.

In July, the Toronto, Canada-based startup released a version of its $250 Ecobee3 thermostat certified by Apple to work with HomeKit, the iPhone maker’s program for syncing up smart home gadgets in iOS. Becoming a HomeKit-certified device has resulted in a major jump in sales for the company. Retail sales have doubled from August to September and then are expected to triple by October, the company said. And to keep up with sales growth, the company’s employee count has grown 20% since July and is now at 120 employees.

Ecobee wouldn’t say how many units it’s now sold, but it’s clearly doing quite well. In the past year, Ecobee has become the second best selling Internet-connected thermostat in the U.S., with 24% of the market, according to research firm NPD. Around four million smart thermostats units will be sold in the U.S. this year, based on estimates from research outfit Parks Associates, and so that pegs Ecobee at selling close to one million thermostats in 2015. Not bad for such an early market.

From the article "Thermostat Wars: With Help From Apple HomeKit, Ecobee Takes Number Two Place Behind Nest" by Aaron Tilley.

Previously In The News

Research: Broadband competition shifting beyond speed

Parks Associates and Plume have released research that details the shift in broadband competition in the US as providers need to deliver a superior customer experience based on reliability, proactive...

Roku raises prices of streaming devices, ongoing memory shortage blamed

According to data from Parks Associates, Roku devices are the main streaming platform used in 28 percent of homes, a figure that rises significantly with smart TV-dedicated platforms like Samsung’s Ti...

Roku OS Missing Features Explained: Discovery and Developer Limits

Roku's market position has a way of making the platform look more capable than it is. Across U.S. broadband households, Roku OS accounts for 28% of connected TV platform usage, ahead of Samsung Tizen...

CHeKT leads shifts to AI-driven security platforms

According to Parks Associates, more than half of security users suffer at least one false alarm, with 10 percent encountering five or more, putting the onus on municipal authorities to mandate verifie...

Phone:
972-490-1113
Mailing Address:
2301 West Plano Parkway, Suite 210, Plano, TX 75075
Expertise
Smart Home: Management and Safety Consumer Electronics Connected Health and Wellness Connectivity and Mobility Small-to-medium Business (SMB) MDU
Services
Research Memberships Visibility Memberships Streaming Video Tracker Smart Home and Security Tracker Broadband Market Tracker Channel Analytics
Events
CONNECTIONS™ CONNECTIONS™ Summit/CES Smart Energy Summit Connected Health Summit Future Of Video Smart Spaces
Resources
Press Releases Analyst Blog Parks in the News
Store
View Your Cart
About Us
Overview Team Contact Us Privacy Policy

Follow:

© 2023-2026 Parks Associates. All Rights Reserved. Privacy Policy

Design & Developed By Agency Partner Interactive