They have gained significant demand in North America and Europe
September 14, 2015
The global smart thermostat market is forecast to reach $2.21 billion by 2022, according to a new study by Grand View Research Inc. These devices allow users to remotely manage their heating and air conditioning systems using wireless connectivity and mobile apps.
According to recent studies, the market for home automation products — including advanced thermostats — is poised for explosive growth. Many industry experts believe trends in consumer habits and technology are converging to create an increasing demand for these products.
Smart home applications expected to utilize over two-thirds of the IEEE 802.15.4 chipsets
July 20, 2015
Annual shipments of IEEE 802.15.4 and ZigBee wireless chipsets doubled last year and are forecast to reach a cumulative 2.5 billion chipset sales within the next five years, according to a report from research firm ON World. The smart home market is expected to utilize over two-thirds of the IEEE 802.15.4 chipsets at this time.
Last week Ecobee Inc. announced that its new smart thermostat, the Ecobee3, will be sold at Apple Stores in the United States. This is the first Ecobee thermostat sold by Apple that is HomeKit enabled.
Two new standards developed to enhance device-to-device interoperability
July 13, 2015
The Consumer Electronics Association (CEA)® and LonMark International have announced two new standards for home and building automation. The organizations said these standards provide a mechanism to develop a higher level of device-to-device interoperability using any open control networking communication platform.
New Partners Bring Sales and Technical Support to On Controls Customers in Key Regions
May 26, 2015
On Controls, a provider of cloud-based smart home and commercial control solutions for professional installers, has announced the appointment of three U.S. independent sales firms along with three international distributors in important European markets.
Open Protocol Smart Home Software to Bring Together All Home Appliances, Devices, and Services
April 8, 2015
ABB, Robert Bosch GmbH, and Cisco Systems Inc. have announced the formation of an international joint venture called mozaiq operations GmbH to develop and operate an open-software platform for smart homes. The companies said the platform will help to unify today’s stand-alone solutions for home automation.
Global Market Expected to Peak in 2020 Following Great Britain’s Government-Mandated Smart Meter Rollout
March 9, 2015
Shortly after Google purchased Nest Labs in January 2014, home energy management stakeholders began reporting increased market activity, as the acquisition signaled to vendors, utilities, service providers, and retailers that the value in home energy management was finally gaining recognition, notes Navigant Research.
The Smart Homes Market Is Highly Fragmented but a Consolidation Is Expected
February 23, 2015
The global smart homes market is expected to grow at a compound annual growth rate (CAGR) of 17 percent between 2015 and 2020, and reach $58.68 billion by 2020, according to a new market research report published by MarketsandMarkets.