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.
Enables the move from simple presence sensing to occupant recognition, counting, and tracking
March 30, 2016
ABB demonstrated advanced occupant tracking sensors from PointGrab — in which ABB’s Technology Ventures arm made an investment in December 2015 — at Light+Building 2016. PointGrab uses edge-analytics connected sensors to deliver actionable occupant tracking information for smart homes and buildings.
Offers a combination of solar, battery storage, smart electric water heater, and Nest thermostat
March 21, 2016
SolarCity is introducing a Smart Energy Home offering to new residential customers in Hawaii. It includes advanced technology: solar photovoltaic (PV), battery storage, smart electric water heaters, and the Nest Learning Thermostat, all coordinated by a home gateway.
ecobee Inc. announced that its ecobee3 smart Wi-Fi thermostat with room sensors is the first thermostat to be directly compatible with the Amazon Echo system, offering homeowners added convenience and comfort through Amazon’s cloud-based voice service, Alexa.
Energy efficiency, integration with smart home technology, and the ongoing impact of the U.S. Department of Energy’s (DOE’s) regional efficiency standards are major trends influencing products in the residential air conditioning market.