Navigant Research Leaderboard Report: Smart Thermostats

  • November 2013
  • -
  • Navigant Research
  • -
  • 39 pages

Assessment of Strategy and Execution for 11 Smart Thermostat Manufacturers

The market for smart thermostats is mainly centered in North America and Western Europe, where deployments of smart grid technologies have helped drive awareness of energy usage and how consumers can leverage new tools, such as advanced thermostats, to help lower costs and consumption. In other regions, smart thermostats have yet to gain much traction. However, as smart grid deployments expand in these other geographies, smart thermostats will gain some ground.

Navigant Research expects steady growth for smart thermostats through 2020, driven by rising energy costs, increased environmental awareness, regulatory pressure to encourage energy efficiency, and more effective marketing programs. In spite of these drivers, certain barriers will keep the market from rapid growth. These include the higher cost of smart thermostats (compared to conventional thermostats), inconclusive data on actual savings, cautious utilities uncertain about how to support deployments, and ineffective marketing campaigns. Still, Navigant Research forecasts that smart thermostats will compose a growing percentage of total thermostats sold globally going forward, reaching 13% of the total by 2020.
This Navigant Research Leaderboard Report examines the strategy and execution of 11 smart thermostat manufacturers that are active in the global smart thermostat market and rates them on 12 criteria. Using Navigant Research’s proprietary Leaderboard methodology, vendors are profiled, rated, and ranked with the goal of providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the global smart thermostat market. Honeywell emerged as the sole Leader in this report due to its ability to react to challenger Nest and use its dominant brand to its advantage. Five others, led by Nest, are ranked as Contenders, and five vendors are Challengers.

Top 10 Vendors:

1. Honeywell
2. Nest
3. Trane
4. Carrier
5. ecobee
6. Energate
7. Emerson
8. Computime
9. Radio Thermostat Company of America
10. Venstar

Key Questions Addressed:

Which companies are Leaders, Contenders, and Challengers in the global smart thermostat market?
How can the lower-ranked players improve their position on the Navigant Research Leaderboard Grid?
What drivers are shaping the global smart thermostat market?
What barriers are keeping the smart thermostat market from growing more rapidly?
What is the forecast for the global smart thermostat market?

Who needs this report?

Thermostat manufacturers
Utilities
Residential builders
Broadband service providers
Home security providers
Government agencies
Investor community

Table Of Contents

1. Executive Summary
1.1 Market Introduction
1.2 The Navigant Research Leaderboard Grid
2. Market Overview
2.1 Market Definition
2.2 Market Drivers
2.2.1 Desire to Lower Energy Bills
2.2.2 Green Consciousness
2.2.3 Stronger Marketing
2.2.4 Decreasing Prices
2.2.5 New Players in Energy Management
2.2.6 Movement toward Interoperability
2.2.7 Regional Incentives
2.3 Market Barriers
2.3.1 Perceived High Cost
2.3.2 Inconclusive Data on Actual Savings
2.3.3 Cautious Utilities
2.3.4 Marketing Challenges
2.3.5 Poor Usability
2.4 Market Trends
3. The Navigant Research Leaderboard
3.1 The Navigant Research Leaderboard Categories
3.1.1 Leaders
3.1.2 Contenders
3.1.3 Challengers
3.1.4 Followers
3.2 The Navigant Research Leaderboard Grid
4. Company Rankings
4.1 Leaders
4.1.1 Honeywell
4.2 Contenders
4.2.1 Nest
4.2.2 Trane
4.2.3 Carrier
4.2.4 ecobee
4.2.5 Energate
4.3 Challengers
4.3.1 Emerson
4.3.2 Computime
4.3.3 Radio Thermostat Company of America
4.3.4 Venstar
4.3.5 Tado
4.4 Followers
5. Company Directory
6. Acronym and Abbreviation List
7. Table of Contents
8. Table of Charts and Figures
9. Scope of Study and Methodology
9.1 Scope of Study
9.2 Sources and Methodology
9.2.1 Vendor Selection
9.2.2 Ratings Scale
9.2.2.1 Score Calculations
9.2.3 Criteria Definitions
9.2.3.1 Strategy
9.2.3.2 Execution

List of Charts and Figures

The Navigant Research Leaderboard Grid
Smart Thermostat Revenue by Region, World Markets: 2013-2020
Honeywell Strategy and Execution Scores
Nest Strategy and Execution Scores
Trane Strategy and Execution Scores
Carrier Strategy and Execution Scores
ecobee Strategy and Execution Scores
Energate Strategy and Execution Scores
Emerson Strategy and Execution Scores
Computime Strategy and Execution Scores
Radio Thermostat Company of America Strategy and Execution Scores
Venstar Strategy and Execution Scores
Tado Strategy and Execution Scores

List of Tables

Smart Thermostat Revenue by Region, World Markets: 2013-2020
The Navigant Research Leaderboard Overall Scores
Vendor Scores
Vendor Scores on Strategy Criteria
Vendor Scores on Execution Criteria

View This Report »

Find all the market research you need - instantly, in one place.

+1.2 Million Research Documents & Statistics +200,000 Trusted Public Sources 350 Industries With Global Coverage

24/7 Customer Support

Talk to Louis

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers

The M2M device connections and revenue: worldwide forecast 2014-2024

The M2M device connections and revenue: worldwide forecast 2014-2024

  • $ 7 999
  • Industry report
  • November 2014
  • by Analysys Mason

Machine-to-machine (M2M) represents a strong growth market across various industry segments. The market will grow to 3.4 billion connections worldwide by 2024, at a CAGR of 19%. Security and fleet management ...

Design Analysis Nokia Solutions Networks FSME LTE Baseband Unit

Design Analysis Nokia Solutions Networks FSME LTE Baseband Unit

  • $ 7 500
  • Industry report
  • November 2014
  • by EJL Wireless Research LLC

This report covers the design analysis of a Nokia Solutions Networks FSME LTE digital baseband unit. This unit is part of the Flexi eNodeB system. The unit was manufactured in Q3 of 2010. Executive Summary ...

Photonic Sensors and Detectors: Technologies and Global Markets

Photonic Sensors and Detectors: Technologies and Global Markets

  • $ 6 650
  • Industry report
  • August 2014
  • by BCC Research

This BCC Research report discusses the important elements of the photonic sensor and detector market such as technology, application, geography, major manufacturers and factors influencing demand. It also ...

Global Markets For Transformers

September 2014 $ 6 650

ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - quickly, in one place.