Thermostats have been around for decades, but the latest technology advancements have only just begun to gain traction. Over the past several years, the communicating and smart thermostat market has witnessed increased excitement and attention. These thermostats enable consumers to save money on energy bills, help utilities meet energy efficiency and demand-side management (DSM) requirements, and play a part in connected home solutions. Today, different distribution channels are emerging for these devices. Telecommunications and broadband service providers, home security companies, and heating, ventilating, and air conditioning (HVAC) installers are racing to incorporate advanced thermostats into their solutions. Software and services?especially those that are cloud-based?have become a vital part of these more intelligent thermostats, providing data-based insights and opportunities that increase the value of these devices. While predominately based within North America, the market for communicating and smart thermostats has begun expanding to Europe. Favorable conditions for these thermostats in terms of housing growth, climate, and policy also exist in Asia Pacific. According to Navigant Research, global revenue for communicating and smart thermostats and associated software and services is expected to grow from $1.1 billion in 2016 to $4.4 billion in 2025. This Navigant Research report analyzes the global market opportunities for communicating and smart thermostats. The study provides an analysis of the market issues, including the current market drivers, barriers, and business segments, utility and vendor activity, and broad industry trends, associated with communicating and smart thermostats. Global market forecasts for unit shipments, average selling prices, and revenue, including revenue for related software and services, extend through 2025. The report also examines the key technologies related to communicating and smart thermostats and profiles the major industry players.