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The global home energy management systems (HEMS) market is forecast to grow at a compound annual growth rate (CAGR) of nearly 27 percent from 2015 to 2019, according to a new market research report published by Technavio.

According to recent studies, the market for home automation products — including advanced thermostats — is poised for explosive growth. Many industry experts believe trends in consumer habits and technology are converging to create an increasing demand for these products.

Thermostat Recycling Corp. (TRC) named the Rockford, Illinois, branch of Johnstone Supply the top mercury thermostat recycler of 2014.

Emerson Climate Technologies has announced the integration of its White-Rodgers and Flow Controls businesses into a single organization as of Oct. 1, 2015. Jack Huether, president of White-Rodgers, an Emerson executive with over 30 years of experience in the HVAC industry will assume responsibility for the new entity.

Nest Labs Inc. announced sweeping refreshes and redesigns across the company’s entire product portfolio with the introduction of Nest Cam, the second-generation Nest Protect, new features for the Nest Learning Thermostat, and a brand new app.

Fujitsu has introduced a Wi-Fi solution for its Halcyon line that allows installers to operate a Fujitsu Halcyon mini-split system from anywhere with a smartphone, laptop, or tablet. 

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.

On Controls, a provider of cloud-based smart home and commercial control solutions for professional installers, has announced the addition of Cool Automation to its Partners in Control cooperative program. The program was created to achieve seamless compatibility between the On Controls platform and an array of connected devices.

Ecovent, maker of an intelligent home zoning system designed to deliver room-by-room climate control, announced that it has closed a $6.9 million Series A funding round led by Emerson Climate Technologies.

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.