The European smart thermostats market is set to boom, driven by the 2020 targets on climate change and mandatory energy efficiency certification for buildings.

The enforcement of minimum standards for high energy consuming products such as boilers as well as heating, ventilating and air conditioning systems (HVAC) too is fuelling opportunities for smart thermostats. The United Kingdom, Germany and the Netherlands will account for a lion's share of the market in Europe, while France will be the fastest growing.

New analysis from Frost & Sullivan, Analysis of the European Smart Thermostats Market finds that the market earned revenues of $152.5 million in 2014 and estimates this to rocket up to $2,570.6 million in 2019.