HVAC contractors: It is time to get involved in the smart home market. If you don’t, I fear you will be looking back in three to five years, kicking yourself for passing on a golden opportunity.
Products with remote connectivity have become increasingly commonplace in homes and businesses these days. This advancing technology is changing HVAC systems for the better by providing consumers with self-learning thermostats, mobile and voice control options, and self-diagnosing equipment.
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).
Smart home device market rising at a CAGR of 60 percent to 2020
September 14, 2016
The smart home market continues to expand, with 47 million connected smart home devices shipped globally in 2015. The market is projected to broaden substantially at a compound annual growth rate (CAGR) of 60 percent, reaching 477 million devices in 2020, according to IHS Markit.
Increasing awareness of energy savings potential, surging demand for home security boosting market
July 19, 2016
The global smart homes market is projected to cross $60 billion by 2021, according to new report from Research and Markets. On the basis of application, the market has been segmented into HVAC control systems, energy management systems, security and access control systems, entertainment control systems, and others.