The U.S. smart home market was valued at USD $23.33 billion in 2021. The market is projected to grow to $47 billion in residential applications by 2025, exhibiting a CAGR of 17.2% during the forecast period. Smart thermostats and an app-enabled smart home device allow occupants to remotely control the home’s connected heating and cooling devices.
Using our advanced artificial intelligence (AI), which calculates the seasonal and annual best system operations of learning thermostats in an attempt to match the best seasonal results received from the stored annual memory on our servers, our thermostats have many energy-saving built-in programs that are useful in scheduling user preferences to significantly minimize annual utility bills.
In the scope of the above market size and applying the experience of HVAC, we have evaluated the energy-saving industry to establish our competitive edge. Based on our analyses and research of the market size, we compared it against competitors that manufacture electronic thermostats. (See more on our competitive edge page.) Some of them are Honeywell International, Johnson Controls, Venstar Inc., White Rogers, and others.
