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Celebrating a major milestone, tadoº has marked the sale of over a million of its smart thermostats in Europe. The Munich-based company, founded in 2011, is a specialist in smart thermostats that connect heating and cooling systems to the internet and use smart algorithms to provide energy savings and comfort at home.
The company points out that the smart home category has steadily grown over the last few years. Approximately one million EU homes were equipped with smart thermostats in 2015. By the beginning of 2019, an estimated 6.6 million smart thermostats had been installed in European homes.
The UK represents approximately a quarter of the total European market, with over 6% of Brits owning a smart thermostat in August 2018. The market penetration rate of smart thermostats in European homes is set to rise rapidly to approach 20% by 2022.
“We are delighted to have sold over one million smart thermostats, but more importantly we are proud that customers continue to choose tado° as their preferred solution,” says tado° CEO Toon Bouten. “Our hardware products are one part of the story. At the heart of tado° is our software, services, and our strong DNA in user experience to deliver outstanding customer satisfaction.”