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.
More and more homeowners are gravitating toward the control and convenience offered by new thermostats, which are designed to make managing energy easier than ever before. But, despite all the bells and whistles, consumers are most often looking for simple solutions because their time is valuable — and most don’t want to spend a lot of time tracking their energy use.
This single-phase simplex control panel features a compact 8-by-6-by-4-inch design that is ideal for residential water and wastewater applications. Universal pump voltage and control/alarm power allows the control panel to handle three voltages (120/208/240).
Increasing number of industries, buildings, and residences will install energy management systems
July 29, 2016
The global energy management systems market is forecast to see a compound annual growth rate (CAGR) of 13.4 percent between 2016 and 2024, growing from a valuation of $9.9 billion in 2014 to $35.9 billion by 2024, according to a report from Transparency Market Research.
Technology to help lower the amount of energy businesses and homes use for HVAC
July 28, 2016
Florida Atlantic University’s (FAU’s) Institute for Sensing and Embedded Network Systems Engineering (I-SENSE) and Dioxide Materials™ have formed a partnership to develop and evaluate a novel low-cost, low-power, wireless CO2 sensing system for HVAC applications.
Includes incentives for smart thermostats and HVAC control device
July 27, 2016
Customers will have more ways to manage their peak energy demand after the Arizona Corporation Commission approved the continuation of Arizona Public Service’s (APS’s) energy efficiency programs and the implementation of five new and expanded measures.
Eco IQ provides advanced self-learning algorithm to maximize user comfort and energy savings
July 25, 2016
Schneider Electric has announced the new Eco IQ™ self-learning feature of its Wiser Air™ Wi-Fi smart thermostat. The company said, instead of requiring users to enter desired temperature set points, its users now only need to provide feedback when they’re not comfortable.
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.
HVACR manufacturers earn contractor-judged awards for dealer-friendly, innovative products
July 18, 2016
The Dealer Design Awards are judged by 20 contractors from across the U.S. who are active in the industry and have their collective fingers on the pulse of what’s happening. This year’s competition saw numerous themes across each category, as manufacturers shared the broad goals of making products smarter, more consistent, and innovative in new and unique ways.