Ah, the Internet of Things (IoT) — it seems to be a trending topic for every industry these days, especially with customers becoming increasingly tech-savvy. According to market researcher, Gartner Inc., in 2017, 8.4 billion connected devices are in use worldwide. That number is up 31 percent from 2016 and will reach 20.4 billion by 2020.
Smart technology has been a huge influencer on the HVAC product market. This product roundup provides a sampling of the latest products and software available from manufacturers that will be beneficial to both residential and commercial contractors.
Technology continues to expand at an increasingly fast rate. As a result, HVAC manufacturers are adapting to this ongoing trend with technology-driven products that make commercial buildings smarter. These products allow buildings to better communicate with the building owner and HVAC contractor.
I’ll admit, I’m an avid Google user. I use Google search for just about everything — when I need to figure out a song lyric; look up a movie; find local restaurants; get directions; and especially when I need a witty, wise-guy meme or GIF to respond to my boss’s email.
It’s human nature to keep at least one eye peeking over the horizon and wonder what may soon be possible, even if it isn’t quite at our fingertips already. Complacency, especially in the evolving world of HVAC, is a path toward consumer abandonment for manufacturers.
Many of us remember the pre-internet days, when access to information was limited to books, newspapers, and other written materials, and controlling systems or machinery was generally confined to manually turning a dial or flicking a switch.
While smart thermostats are certainly on the rise for the residential market, the commercial side has experienced a much slower adoption rate. While a residential building has fewer people to heat or cool and a smaller space, commercial buildings aren’t as simple. Larger spaces and more people can make for a difficult heating and cooling process.
The smart thermostat market is expected to grow rapidly at a compound annual growth rate (CAGR) of 18.7 percent through 2022, according to a report by Grand View Research. One of the major drivers of the market is increased consumer awareness of the economic and environmental advantages of these devices. But, when making the switch from a regular, old thermostat to a smart, brand-new one, contractors across the country are finding that homeowners have some concerns.