Smart home device market rising at a CAGR of 60 percent to 2020
September 14, 2016
The smart home market continues to expand, with 47 million connected smart home devices shipped globally in 2015. The market is projected to broaden substantially at a compound annual growth rate (CAGR) of 60 percent, reaching 477 million devices in 2020, according to IHS Markit.
Midea will use Ayla’s IoT technology to develop connected HVAC products
August 17, 2016
Midea Group, a Chinese manufacturer of consumer appliances and HVAC systems, announced it has selected the Ayla Networks Internet of Things (IoT) platform as its preferred overseas IoT cloud partner for all its connected HVAC products.
There is a lot of buzz these days about the Internet of Things (IoT) and how it will continue to influence — some say take over — our lives in the near future. But what does the IoT mean for HVAC contractors, and, more importantly, how can they profit from its proliferation?
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.