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.
What is or isn’t connected: In the end, that is the internet of things. They, the things, represent stuff that has been around for the past 30 years. It was only recently that we have developed a way to consistently connect those devices. Despite the increasing awareness of IoT, it is easy to forget that it includes some devices that might seem strange to connect, like elevators and HVAC systems. By connecting these devices and using the existing sensors and technology, IoT presents the immense opportunity for a variety of industries to improve their operations at an unprecedented rate. At its core, IoT is all about better managing the assets you have.
EcoNet Controls of Clearwater Florida, a manufacturer of Home Automation Devices, has received the “Works with SmartThings” stamp of approval for its EV100 series of Z-Wave HVAC vents. A basic configuration of EcoNet’s wireless vents and a SmartThings controller adds convenience and improved HVAC comfort and efficiency to the standard home. The EV100 joins a growing list of IOT devices that are compatible with SmartThings.
AT&T (NYSE:T) says it has expanded home automation service Digital Life beyond Mecklenburg County to cover parts of Alexander, Burke, Caldwell, Catawba and Iredell counties.
Digital Life connects with a customer’s existing Internet and wireless phone service to provide mobile home automation and security control, including the remote operation of alarm systems, door locks, HVAC systems, surveillance cameras and even home lighting and electronics. The service works on Apple, Android, Windows and Kindle devices.
Smart energy services in the home are already wrapped up with home security settings. Intelligent light bulbs and smart thermostats are standard offerings as part of smart home packages, which are led by security.
But people are ready for more, much more, according to new research from Parks Associates released at its Smart Energy Summit in Austin this week. Nearly half of homes with broadband in the U.S. would be willing to subscribe to a bundle of energy services for about $10 per month. Internet and HVAC maintenance were the most popular services to bundle with electricity services.
Curb energy loss with smart renovations
While homeowners may not immediately think of their attic as a major source of energy loss, the reality is that as much as 25 percent of the energy lost in the average American home occurs there. As the weather begins to get cooler, you may be inclined to increase the thermostat to maintain a warm and comfortable home. However, air leakage, caused by numerous gaps and cracks throughout your home’s infrastructure, particularly the attic, can cause your HVAC equipment to work overtime and place a strain on your wallet every month.