The most common and most likely answer to this crossword clue is the 10 letter word THERMOSTAT
I've seen this crossword clue in The Guardian
T
H
E
R
M
O
S
T
A
T
More clues leading to the result THERMOSTAT
- Unusually hot steam starts to ruin this temperature regulator
- Heating control more than half nibbled by the rodent
- Regulator's tasteless articles on working mothers
- Temperature master with hot reset
- Device to control temperature that’s hot matters terribly
- Mother most attentive, keeping temperature steadier
- The split, without a majority, it could turn to red or blue
- That which controls temperature by a few switches about right?
- Regulator needing drink container and pastry right away
- Hot matters to be dealt with? One can control the heat
Buddy explains!

The straight part
We know that "it could turn to red or blue/it could turn to red or blue" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case it could turn to red or blue/it could turn to red or blue = thermostat.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does THERMOSTAT mean?
THERMOSTAT noun- A device that automatically responds to changes in temperature by activating a heating or cooling system to maintain the temperature at a desired setting.