Smart Thermostat Market to Reach $3 Billion by 2022, Says Report
The global smart thermostat market is expected to approach $3 billion by 2022, said a Grand View Research report Friday. Utility companies play a prominent role in smart thermostat adoption, offering them as part of a home energy management package,…
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said the researcher. North America and Europe generated about 90 percent of smart thermostat revenue last year due to demand for smart home products and favorable government mandates, it said.