GOOGL Forecast

Parks Associates Forecasts the Market for Smart Thermostats Will Reach Unit Sales of 8.1 million in 2030, with Annual Revenues Exceeding $1.1 billion

Published August 13, 2025 at 12:48 PM

Top smart thermostat brands include Google Nest, Honeywell Home (Resideo), and ecobee DALLAS, Aug. 13, 2025 /PRNewswire/ -- Parks Associates' latest market assessment, Smart Thermostat Market Assessment 2025, forecasts that smart thermostat sales will grow over the next five years. In...

Related Questions

What is the expected market share split among Google Nest, Honeywell Home (Resideo), and ecobee over the next five years? Will the $1.1 billion revenue forecast for smart thermostats translate into higher earnings per share for the listed companies? How does the growth trajectory compare to previous years’ adoption rates and to other IoT home‑automation segments? What supply‑chain or component constraints could impact the ability of manufacturers to meet the forecasted demand? Are there any regulatory or energy‑policy developments that could accelerate or hinder smart thermostat adoption? What is the potential impact on related product lines (e.g., smart lighting, home security) and the broader ecosystem partners? Could the projected market expansion lead to increased competitive pressure, prompting price wars or accelerated innovation? What macro‑economic factors (e.g., consumer spending, housing market trends) could affect the accuracy of the forecast? How will the projected 8.1 million unit sales by 2030 affect Google’s (GOOGL) revenue forecasts for its Nest line? How might the forecast influence analyst price targets and valuation multiples for GOOGL and other peers?