Residential Controls

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Through devices such as smart thermostats that allow users to remotely control household temperatures or LED lights that can be switched on and off from a smartphone, the much-hyped Internet of Things (IoT) concept has arrived in the residential setting, says Navigant Research.

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.

Are you seeing more homeowners buy or express interest in a smart or connected thermostat?

The global home automation market was valued at $4.41 billion in 2014, and is forecast to grow at a compound annual growth rate (CAGR) of 26.3 percent from 2014 to 2020, reaching $21.6 billion by 2020, according to a report by Transparency Market Research.

The global smart thermostat market is projected to generate revenue of more than $1.3 billion by 2019, according to a report by Sandler Research. The report states that one of the main challenges faced by the smart thermostats market is the high initial cost, which exceeds that of conventional thermostats.

The North American smart thermostat market is expected to dominate the global industry due to an increasing demand for energy efficiency and the presence of key vendors in the region. 

The iComfort S30 smart thermostat’s Mobile Setup App lets technicians remotely monitor and adjust the system during setup without having to walk back and forth between the thermostat and the indoor/outdoor unit. 

The Skyport™ mobile app allows users to control Venstar’s ColorTouch^® or Voyager thermostats with built-in Wi-Fi control. 

Consumers in Chicago and across northern Illinois are now eligible for rebates on smart thermostats that can cut the cost of the devices nearly in half, making their convenience and increased control of energy use more affordable.

As thermostat technology continues to evolve and more and more products enter the market, manufacturers are beginning to recognize the need for a standardized definition of the smart thermostat.