City leaders today are assuming a more proactive role in creating energy policies by developing comprehensive energy efficiency and carbon reduction goals to mitigate and adapt to climate change. This has resulted in ambitious energy projects supported by innovations in smart grid technology, demand management, alternative and renewable generation, and distributed energy resources (DER). According to a new report from Navigant Research, global smart energy for smart cities technology revenues are expected to grow from US$7.3 billion in 2015 to US$20.9 billion in 2024.
In Europe, a US based IoT market research and consulting firm Parks Associates has forecast that 2.5 million western European households will have a smart home controller by 2019.Stuart Stikes, president at Parks Associates attributes the forecast to the growth in smart homes.He says: “Smart home systems will need the flexibility to deliver multiple value propositions within the household.
The real magic of robots and the Internet of Things is happening right now at Amazon’s vast fulfillment warehouses in the US. See what it’s all about, and learn how simple robotics can transform your organization’s logistical needs. While there is no shortage of stories about the future potential of Amazon’s drone delivery program, the real magic of the Internet of Things (IoT) is already happening at Amazon’s vast fulfillment warehouses in the US. Thousands of robots in these locations gather merchandise for individual orders.
Global revenue from smart grid communication technology is expected to grow to US$29 billion between 2014 and 2023, according to a new report released by Navigant Research.Analysing the global market for smart grid communication and networking technology, the report finds the demands upon communication networks is growing and changing rapidly.
Samsung-owned SmartThings has finally launched its new home hub along with new sensors and a new video monitoring capability.The Samsung SmartThings Hub is available now in the U.S. and on Sept. 10 in the U.K. The hub costs US$99 with sensors ranging from $30 to $55. There are now more than 200 compatible devices.
Manav Gupta, founder and chief executive officer of Hong Kong-based Internet Of Things (IoT) accelerator Brinc, tells me that the IoT sector could be a US$7 trillion market opportunity. He also says that the IoT sector’s future is what he calls IoT 2.0, where smart devices talk to each other and are integrated to enhance people’s lives.
The number of Internet-connected homes or smart homes is expected to grow from 100 to 200 million homes today to between 500 to 700 million homes by 2020, according to Gartner.New research by US information technology and advisory firm Gartner cites smart household appliances such as smart stoves, smart lighting and other electronic devices as the primary driver of internet-connected homes.
Belkin introduced the WeMo smart home brand in 2013, with the launch of the WeMo Switch and Motion Sensor. With them came the promise of low-cost home automation that anyone could install themselves.The WeMo system has been greatly-expanded since its introduction and now offers an entire ecosystem of switches, motion sensors, security cameras, LED light bulbs and the expandable WeMo Maker. In the US there are also home appliances available including a coffee machine and room heaters. All of these devices benefit from the fact that WeMo devices connect to your existing WiFi network, reducing setup time and costs.
Researchers in the US are a step closer to commercialising smart windows that can selectively let in light and heat.The researchers in 2013 developed a smart glass that could switch between blocking light, heat or both using a small jolt of electricity. Now they have further refined the development with a new “cool mode” and “warm mode”.
Sonnenbatterie, a pioneer for smart energy storage systems with offices in Los Angeles, California and Bavaria, Germany, on July 15th, 2015 announced that US versions of its residential products will include OutBack brand solar photovoltaic (PV) inverters/chargers.