North America held the largest share of the home automation market in 2015
May 17, 2016
The global home automation system market is forecast to grow from $32.11 billion in 2015 to $78.27 billion by 2022, increasing at a compound annual growth rate (CAGR) of 12.46 percent between 2016 and 2022, according to a new report published by MarketsandMarkets.
Building and home automation application segment is leading the market
May 6, 2016
The global energy harvesting system market is forecast to reach $974.4 million by 2022, increasing at a compound annual growth rate (CAGR) of 19.6 percent between 2016 and 2022, according to a new market research report published by MarketsandMarkets.
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.
In the HVAC industry, manufacturers are working to meet the growing demand for smart, connected devices homeowners can control from their computers, tablets, and smartphones. Here are a few of the latest products available on the market.
HVAC contractors have taken notice of the growing Internet of Things market and stand ready to fulfill these demands, which often begin with the gateway into their customers’ homes: the smart thermostat.
Carrier has announced the launch of its Cor™ smart home automation system — enabling homeowners to secure, control, and remotely manage their home’s most critical systems, including heating and cooling, from the convenience of a mobile app.
Home automation hardware, sold as standalone units, is forecast to exceed 300 million units by 2020, according to Juniper Research. This represents growth of over 1,000 percent from an estimated installed base of 28 million units in 2015.
The new standards focus on the interoperability of Internet of Things (IoT) devices
November 17, 2015
The Consumer Electronics Association (CEA)® and LONMARK International announced that two of their standards — ANSI/CEA-709.5 and ANSI/CEA 709.6 — are now approved American National Standards Institute (ANSI) standards for home and building automation.