Smart thermostats to Reach $2.3 Billion In Annual Revenue By 2023, according to a report by Navigant Research
Smart thermostats to Reach $2.3 Billion In Annual Revenue By 2023, according to a report by Navigant Research
Smart thermostats are forecast to reach US$2.3 billion in annual revenue by 2023, according to a report by Navigant Research

In the US, home security system provider ADT has partnered with Nest Labs in a bid to give homeowners the option to integrate Nest’s Learning Thermostat into their connected-home/security systems - controlled with ADT’s Pulse security and automation platform.

Through the partnership, Google-owned Nest Labs and the Boca Raton-based security company aim to create a more “seamless smart home experience”.

According to Silicon Angle, the ADT Pulse app integration “means fewer points of friction for smart home owners, making ADT a hub to control services outside its own”.

Nest is working with several smart home and electronics providers, under its 'Works with Nest' programme, which will make companies’ smart thermostats and smoke detectors interoperable with everything from light bulbs to smart washing machines.

Pulse is a professionally installed and monitored solution, giving customers a tiered service, with each tier providing a different combination of features, including alarm, 24/7 monitoring, remote access, automation, and video surveillance.

ADT also announced that its customers in Atlanta, Chicago, Denver and Miami may be eligible to receive a free Nest Thermostat when they sign up for select Pulse service plans.

The Pulse security and automation platform also claims to have several upgraded features such as the Always On dashboard providing a view of ongoing activity within a consumer’s home and business, as well as control other compatible devices related to ADT’s home automation platform.

Panasonic's ultra low energy smart home offering

Meanwhile in Southeast Asia, Japanese electronics corporation Panasonic has launched a complete home networking system based on the ultra low energy (ULE) standard for smart home solutions.

Panasonic's smart home system provides a simple way for users to link smart devices like cameras, sensors and plugs, and control them from one app on a tablet or smartphone.

M2M Now reports that the system runs on ULE technology, allowing devices to be connected to the home hub through one push pairing.

It adds that the smart home system won’t interfere with other devices in the house like Wi-Fi components. The signal also works reliably over distances of up to 300 metres.

Justin Burnell, sales and marketing manager for Panasonic Smart Home at Panasonic, said the smart home system was designed with "the needs of the regular person or family firmly in mind".

Burnell said: “So far the industry has focused on producing smart devices with one specific application. But what people really want is a system that helps simplify their life, not complicate it further."