Articles Tagged with ''smart homes''

As HVAC products and home appliances get “smarter,” so too is the boiler — although perhaps with less flash and bang than the smart thermostat, smart doorbell, smartphone, or the new smart furniture that’s hitting the market. (Smart sofa, anyone? It’s a thing.)

Smart home services are in high demand. According to Statista, the smart home market is expected to grow 14.9 percent over the next four years to a market value of $34.6 billion in 2022.

Living in total reliance on caregivers for even the most mundane and sometimes very personal tasks is a reality for many of the most severely wounded — whether it’s turning on the a/c, making dinner, or getting in and out of the bathtub. That’s a need that GSF aims to support via the R.I.S.E. program, which provides custom homes for veterans, complete with smart home technology that helps them lead normal, everyday lives despite their injuries.

HVAC contractors come into contact with countless doorbells, light switches, and home appliances. They’re trusted advisors to the customers in their care. So when the time comes for their customers to replace those doorbells with their smart home counterparts, shouldn’t HVAC contractors be the “smartest” choice for the job?

By 2022, the company estimates as many as 1.3 billion smart devices will have made their way into households. That factors out to one smart home device for every sixth person (babies and children included).

According to a report from Mordor Intelligence, the global smart home market was valued at $35.7 billion in 2017, and it is expected to reach a value of $150.6 billion by 2023, growing at a compound annual growth rate of 26.9 percent during the forecast period.

Manufacturers in the realm of IAQ are seeing an uptick in interest due to increased awareness among consumers as well, as the air quality concerns that come as a byproduct of efforts to tighten up buildings to increase energy efficiency. In response, they’ve been updating IAQ products for the age of the smartphone and the “smart” HVAC system.

According to a recent study by Parks Associates, 13 percent of U.S. broadband households owned a smart thermostat by the end of 2017. And while that’s still under a quarter of eligible homes, that number has nearly tripled from just three years prior, influenced by factors like the ubiquity of the smartphone and the rise of in-home AI.

Despite the fact that there’s a lot of airtime given to smart thermostats in the media and throughout industry conferences, the reality is that only about 15 percent of households own a smart thermostat, according to Rob Munin, president at Lux Products.