The global Internet of Things (IoT) market is forecast to grow from $7 billion in 2014 to $45 billion by 2019, according to a recent report by Technavio, making it abundantly clear that homeowners nationwide are investing in devices that help improve security, comfort, and peace of mind in their homes.HVAC contractors have taken notice and stand ready to fulfill these demands, which often begin with the gateway into their customers’ homes: the smart thermostat.
In 2015, Ecovent won the CES Home Automation Product of Year for its intelligent home zoning system, giving homeowners room-by-room temperature control. This year, HVAC and Automation company will be providing an early look at the Home Health Report (HHR)—a new diagnostic feature that will provide homeowners with detailed reports on the health of their home. With it, first-time homeowners will have a complete understanding of the workings of their house. Using the data collected from the home, the HHR provides data and reports on the performance of a home, including:
Once you’ve purchased a connected thermostat, this New York-based startup wants you to think you’re only halfway done with making your HVAC system more intelligent. Keen makes a connected vent that opens or closes when it detects people in the room, or when it senses that the room is too hot or cold. The idea is that a homeowner would pay $80 per vent (the initial kit with a vent and bridge to connect the vents to a Wi-Fi network costs $120) and eventually your home becomes so smart that it only heats or cools rooms based on occupancy and their temperature.
Premium industrial goods company Emerson Electric Co. (EMR – Analyst Report) recently disclosed that its popular WI-Fi-enabled thermostat is now attuned to Wink home automation systems. The company’s Sensi thermostat, which received great response in the market since its launch in last year, is regarded as one the best Wi-Fi thermostats of recent times. This product modification has not only helped fortify Emerson’s existing portfolio but also augmented its brand status in the global HVAC (heating, ventilating, and air conditioning) controls and thermostat industry.
When the Federal Bureau of Investigation issues an alert to healthcare organizations and others warning of the serious cyber risks the Internet of Things presents, it’s probably best to pay attention.For healthcare security folks, this means paying closer attention to the myriad IoT devices within their organizations. And they’re not necessarily all the devices you might think of. They also include things such as HVAC remotes, Wi-Fi camera, insulin dispensers, thermostats and any type of wearable and other medical devices. These devices, FBI officials said, are notorious for having serious security deficiencies. This, combined with patching vulnerabilities, make these IoT devices an attractive target for cybercriminals.
The European smart thermostat market is set to boom, driven by the 2020 targets on climate change and mandatory energy efficiency certification for buildings, according to a new analysis from Frost & Sullivan. The enforcement of minimum standards for high energy consuming products such as boilers as well as HVAC systems is also fueling 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.Frost & Sullivan finds that the European smart thermostat market earned revenues of $152.5 million in 2014 and forecasts that this will jump to $2.57 billion by 2019.
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.
On Controls (www.oncontrols.com), a leader in cloud-based smart home and commercial control solutions for professional installers, has announced today the addition of Cool Automation to their Partners in Control cooperative program. The Partners in Control program has been created to achieve seamless compatibility between the On Controls platform and a vast array of connected device manufacturers from related residential market applications such as audio, video, HVAC, security, lighting control and others.
According to a new market research report “European Smart Home Market by Products (Security, Access, Lighting, Entertainment, Energy Management, HVAC, Ballast & Battery Pack), Service (Installation & Repair, Renovation & Customization) and Geography – Global Forecast and Analysis to 2014 – 2020”, the total market for European Smart Homes will reach $15.28 Billion by 2020 at a CAGR of 16.51% from 2015 to 2020.A smart home refers to a residence equipped with computing and information technology devices, which anticipates and responds to the needs of residents; thus, working towards enhancing their comfort, convenience, security, and entertainment. The concept of smart homes has been there in Europe since a long time and presently, lot of development and regulatory initiatives are being witnessed in this market.
Voice commands are becoming a real factor in consumers’ lives. Siri for Apple, Google Now and Microsoft’s Cortana keep getting more and more sophisticated and every day more people rely upon them to control their mobile devices.With the expansion of the IoT, it is almost inevitable that smart homes will at some point be programmed to respond to commands for lights, HVAC system adjustments and other key M2M functions. There are already tools at hand to get this done for the early adopters out there, like Amazon Echo. Amazon’s offering is a powerful and simple solution. A wake up command gives access to a variety of controls, but it can only do what is available through the Amazon Web Services ecosystem.