Smart Thermostat Market to Reach Nearly $1.4B in Revenue

February 13, 2014
Although the market for smart thermostats has struggled to gain traction, recent developments--particularly the purchase of smart thermostat maker Nest Labs by Google--indicate that growth is likely to accelerate. According to a recent report from Navigant Research, worldwide revenue from smart thermostats will grow from $86 million in 2013 to almost $1.4 billion in 2020.
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