Increasing awareness of energy savings potential, surging demand for home security boosting market
July 19, 2016
The global smart homes market is projected to cross $60 billion by 2021, according to new report from Research and Markets. On the basis of application, the market has been segmented into HVAC control systems, energy management systems, security and access control systems, entertainment control systems, and others.
Simple voice commands can now control Nexia-certified devices throughout the home
July 5, 2016
Nexia™, a brand of Ingersoll Rand, has given subscribers the ability to control Nexia-certified smart home devices in their home — starting with thermostats, lighting, and plug-in wall modules — with simple voice commands through Amazon Echo.
The strong market growth in North America is expected to last for years to come
June 20, 2016
The number smart homes in North America and Europe reached a total of 17.9 million in 2015, according to a new research report from Berg Insight. North America is the world’s most advanced smart home market and the region had an installed base of 12.7 million smart homes at the end of the year.
Voyager thermostats are also compatible with other smart home solutions, including ZigBee and Z-Wave
June 17, 2016
Venstar® announced that its Voyager® programmable Wi-Fi® thermostats are now compatible with Amazon® Echo, giving users voice control over thermostat functions including setting temperatures and turning on heating or air conditioning for one or multiple thermostats in their homes.
Smart thermostats are a particularly attractive opportunity in the smart home market
June 13, 2016
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.
Asia-Pacific region is anticipated to grow at the highest CAGR
May 26, 2016
The global smart home market is projected to grow from $46.97 billion in 2015 to $121.73 billion by 2022, growing at a compound annual growth rate (CAGR) of 14.07 percent between 2016 and 2022, according to a new report published by MaretsandMarkets.
To Americans, main benefits include increased convenience, increased security, reduced energy bill
May 3, 2016
Consumer awareness of the connected home is growing quickly, according to findings released from connected home studies fielded by Kelton Global and Research Now in the U.S. Commissioned by Nest, the studies were designed to uncover consumer sentiment about the connected home market.
Vivint Element thermostat is recognized in international design competition
April 14, 2016
Vivint Smart Home, a leading provider of smart home technology, announced that its Vivint Element™ smart thermostat was awarded the Red Dot, an international distinction for high design quality. The international Red Dot jury chose winners from a pool of 5,200 products from 57 nations.
Report identifies smart home opportunities within the home energy management market
April 6, 2016
Parks Associates has announced new home energy management data from its report, The Evolution of Home Energy Management, showing 70 percent of U.S. households with smart energy devices report saving money due to reduced energy consumption.