According to the new Market research study published by The Insight Partners, The Global Wearable Technology Market was estimated at US $26.19 billion in 2015. This market is expected to grow at a CAGR of 20.8% between 2016 and 2025, to reach US $170.91 Billion in 2025.
With wearables becoming more common in the warehouse as well as on the factory floor, a recent report, titled The Human Cloud At Work (HCAW) A Study Into The Impact Of Wearable Technologies In The Workplace, indicates that wearable technology provides substantial benefits for productivity.Preliminary results, as reported by Tech Times, indicate that employees with wearable devices increased their productivity by 8.5% and their job satisfaction by 3.5%.
The roll-out of smart energy meters is making consumers more likely to be aware of their energy consumption and take steps to reduce it, a new report has found.Smart Energy GB’s ‘Smart Energy Outlook’ report, published today, found that the vast majority (84%) of consumers who had received a smart meter from their utility considered themselves to have a better idea of their energy costs, while 69% thought they were in more control of their energy use.
It only takes a quick Google search to see the promise of the smart home. The way in which we can now control functions in our homes and how devices control aspects of our lives for us is nothing short of incredible. And to consumers who aren’t technology-lovers, it’s nothing short of overwhelming. Though the budding world of smart home technology is continuing to grow, the majority of early-adopters have adopted.To identify what consumers want it’s essential to create a clear portrait of their buying motives. In a report that Shelton Group produced last year, we were able to break this down and reach a surprisingly logical conclusion: men and women have different priorities when purchasing new technology and therefore different buying drivers in the smart home arena.
Source: Overcome the Smart Home Gender Gap | Builder Magazine | Construction Technology, Building Technology, Technology, Home Technology, internet of things, home energy management systems, smart home, Design and Trends, Suzanne Shelton
Last week Patently Apple posted a report titled “Google Home: Advanced Home Automation for Android Users Introduced at Google I/O.” In that report we noted that Google Home was like Amazon’s Echo meets Apple TV. Earlier this month we posted a patent report titled “Future Apple Devices will Automate Home Automation Processes According to User Behavior Patterns,” wherein we presented an overview of Apple’s intellectual property relating to home automation coming to Apple TV and beyond. The key patent figure is presented below. The report further stated that “With Amazon and now Google catching up to and surpassing Apple’s Siri in some ways, we can only hope that Apple is going to finally deliver on this kind of service for Apple TV at their developer conference next month and out to market this year.”
The number of North American and European homes with a smart thermostat grew by 81 percent to 5.8 million in 2015, according to a new research report from Berg Insight. The North American market recorded a 78 percent growth in the installed base of smart thermostats to 4.5 million. In Europe, the total number of homes with a smart thermostat grew by 90 percent year-on-year to reach 1.4 million.
Internet of Things (IoT) connections will surpass mobile by 2018, according to communications giant Ericsson in a new annual mobility report.
Efficiency and demand response (DR) for managing energy are becoming increasingly important, as reflected in the Consortium for Energy Efficiency’s (CEE) annual report now in its 10th year. According to the report, total expenditures from all funding sources on gas and electric demand side management (DSM) programs in 2014 rose 9 percent over 2013 — to $8.7 billion – with year over year demonstrating a 7 percent increase. Further, ratepayers contributed $8.3 billion of that $8.7 billion. Other sources of funding included wholesale capacity market revenues, the Regional Greenhouse Gas Initiative (RGGI), and the Weatherization Assistance Program. RGGI accounted for 7 percent of program funding in participating states.
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.
The recent years have seen the demand for smart microgrids surge to unprecedented levels. This spike in demand is attributable to the growing share of renewable energy in the global energy matrix. According to a latest research report by Transparency Market Research, the global smart microgrid market is firmly on the course to steady growth owing to the aforementioned factors. North America stands as the largest market in the world for smart microgrids. Within North America, it is the United States that has been at the forefront of the smart microgrid market thanks to several institutes such as universities, hospitals, and data centers installing smart microgrids. Rural electrification programs in countries such as China, India and Malaysia will lead to a spike in the demand for smart microgrid installations in these regional markets, the report predicts.