The tools segment, specifically hand tools, may not be the first portion of the market that comes to mind when thinking of digital and connected HVAC devices. However, manufacturers are seeing interest in connected tools, and the adoption rate is growing rapidly.
While organizations lobbied Congress for an extension like the ones given to photovoltaic (PV) and solar thermal technologies, the U.S. House of Representatives chose not to extend the tax credits for the geothermal market.
The thermostat market has evolved to cater to modern customers’ ever increasing needs. Today, people look to their smartphones for nearly everything, including banking, home security, and, of course, the ability to manage their indoor comfort levels.