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By James Dennin for Kapitall.Google's (GOOGL) home automation side project funds startups like Nest, a company that makes "smart" smoke and carbon monoxide detectors.
Due to the law of unintended consequences however, the company
was forced to issue a recall in April after one of the features on the device malfunctioned.
The "wave" feature sounded like a good idea: wave your hand near the thermostat and it shuts off its alarm. Unfortunately, the sensors were too sensitive, and the devices were being silenced accidently. Nest has removed the feature and has taken the device back to market at a reduced price.
As coverage of the issue points out, the easy-to-turn-off feature of the device was one of its selling points. Will its removal hit sales? Either way, analysts still believe there is strong demand for home-monitoring technology linked to smartphones.
We decided to build a list of other companies working in the automation space. Could these small and large automation companies see disruption from startups like Nest? Use the list below to begin your analysis, and let us know what you think in the comments!
Click on the interactive chart to view data over time. 1. ABB Ltd. (
Financials): Provides power and automation technologies for utility and industrial customers worldwide. Market cap at $53.76B, most recent closing price at $23.27.
2. Rockwell Automation Inc. (
Financials): Provides industrial automation power, control, and information solutions. Market cap at $17.41B, most recent closing price at $126.93.
3. Control4 Corporation (
Financials): Provides automation and control solutions for the connected home. Market cap at $424.72M, most recent closing price at $18.03.