More than one in four Americans own smart home devices
September 17, 2015
A survey of U.S. adults by Coldwell Banker Real Estate LLC and CNET found that Americans are already embracing the smart home with 28 percent owning at least one smart home product and almost half of millennials (ages 18 to 34) adopting the technology.
They have gained significant demand in North America and Europe
September 14, 2015
The global smart thermostat market is forecast to reach $2.21 billion by 2022, according to a new study by Grand View Research Inc. These devices allow users to remotely manage their heating and air conditioning systems using wireless connectivity and mobile apps.
Thermostat saves 10 to 12 percent on heating bills and about 15 percent on cooling bills
September 1, 2015
Nest Labs Inc. today announced the third generation Nest Learning Thermostat, which has a slimmer profile, a high-resolution screen that’s 40 percent larger, and an updated user interface to make it easier to read temperatures, alerts, and messages.
The so-called “thermostat wars” in office buildings have been written about in both the consumer and trade media. Some in the office say it’s too hot. Others say it’s too cold. Building operators, and their HVAC contractors, try to find a satisfactory solution, but it’s elusive, as shown in a study by Software Advice.
Know the product. Don’t fumble through it or roll your eyes when talking about the technology. A few contractors did that when I was getting bids a few months back, and it made them look like they were stuck in the past.
The European smart thermostat market is set to boom, according to a new analysis from Frost & Sullivan, which states that the European market earned revenues of $152.5 million in 2014 and forecasts that this will jump to $2.57 billion by 2019.
Retail channel accounts for largest percentage of units sold
July 27, 2015
Smart thermostats are forecast to take a larger portion of the market this year, accounting for over 40 percent of the nearly 10 million thermostats sold in the U.S., according to new smart home research from Parks Associates.
Last week Ecobee Inc. announced that its new smart thermostat, the Ecobee3, will be sold at Apple Stores in the United States. This is the first Ecobee thermostat sold by Apple that is HomeKit enabled.