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.
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.
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.
Investment will expand and accelerate Nortek’s solutions for the connected home
April 21, 2016
Nortek Inc. announced it has signed an agreement to acquire a 25 percent stake in MiOS Limited, a global technology company focused on developing and distributing advanced control and monitoring solutions for the home and small enterprise markets.
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.