Sunday, April 13, 2014

Smart thermometers bring savings

Parks Associates, a Dallas market research firm, estimates about 1 in 10 U.S. homes with a broadband connection now own a smart thermostat. That has driven what is now an $86 million-a-year global market, which may grow to $1.4 billion by 2020, according to a report published late last year by Navigant Research.

“Six (million) to 8 million thermostats are sold annually, and in the future a larger and larger portion of those are going to be smart,” said Tom Kerber, director of energy research for Parks Associates. “Think about automatic door locks. They used to be only on Cadillacs. But it moved down to the lower-tier cars. And now you can’t buy a car without automatic locks.”

With more than two dozen models available, smart thermostats vary in features. But the basic principle is a wall-mounted thermostat that, through sensors and algorithms, learns the patterns of a home’s occupants to cut down on wasteful heating and cooling when no one’s there.

From the article, "Smart thermometers bring savings" by James Osborne.

Next: ‘Smart’ thermostats are the latest ‘it’ device

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