Honeywell and Weatherbug develop Wi-Fi smart home thermostat

Smart thermostat market doubles in Europe and North America
In a 2014 report, US market research company Berg Insight stated that North America and Europe were the largest markets for smart thermostats, with the sales number doubling from 2013 to 2014

In the US, climate monitoring company Weatherbug has partnered with global conglomerate company Honeywell in a bid to extend the reach of its jointly developed Wi-Fi smart home thermostats featuring weather-tracking technology.

The Wi-Fi enabled smart home thermostats are able to determine ideal energy outputs for every moment during the day, conserving energy and saving users money.

The weather-tracking technology is capable of adjusting room temperature based on local weather information and data about the home itself.

DCInno reports that the smart home thermostat is currently available for compatible households in Texas, but will be expanding to other US states, claim the companies.

Extension of in IoT offering

According to the Washington Business Journal, Weatherbug has been employing remote sensors to collect weather data, used by more than 20 million consumers on Weatherbug’s app, NASA and the National Oceanic and Atmospheric Administration.

Bob Marshall, president and CEO of Weatherbug’s parent company Earth Networks commented: “The next evolution is to leverage that hyperlocal, granular weather data we have and couple it with Internet of Things sensors and connect it to the home.”

The Washington Business Journal adds that the jointly developed smart home thermostat will be close competition for Nest and Apple’s new Homekit devices.

Smart home device uptake

Consumers in North America and Europe bought twice as many smart thermostats in 2014 compared to 2013. The number of homes with an installed smart thermostat topped 3.2 million in 2014, a rise of 105%, according to data compiled by market research company Berg Insight.

The North American market recorded a 107% growth in the installed base of smart thermostats to 2.5 million. In Europe, the total number of homes with a smart thermostat grew by 96% year-on-year to reach 0.7 million.

North America is believed to offer the largest market opportunity for smart appliances growing to 24.6 million homes by 2019.

The market is led by Nest, Honeywell and Ecobee that have each sold hundreds of thousands of thermostats, primarily through the retail, utility and professional installer channels.