Global Smart HVAC Control Market: Snapshot
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Smart HVAC control enables a range of stakeholders—including owners, facility managers, building managers, consumers, and maintenance staff—to obtain information on energy consumption in real time. Over the past few years, smart HVAC control has been achieved in several ways: by utilizing various sensors such as thermal-based, occupancy-based, and light-based controls.
Global Smart HVAC Control Market: Notable Developments
The global smart HVAC control market has been witnessing robust drivers from the increasing integration of HVAC with internet of things (IoT). In this regard, adoption of ultra-low energy (ULE) technology in HVAC control platform for facilitating wireless sensors has proved to be crucial.
In a recent development, a wireless chipset solution by a U.S.-based VoIP company has been selected by a prominent provider of connected thermostat solutions for smart HVAC. DSP Group announced in April, 2019 that Network Thermostat will leverage the former’s ULE technology for smart HVAC control platforms. Equipping wireless remote sensing applications for its smart thermostat array of products, Network Thermostat will greatly enhance a range of wireless remote sensing applications, which notably include temperature, refrigeration, and humidity monitoring. This move will take the company closer to delivering cutting-edge IoT solutions in the global smart HVAC control market.
Over the past few years, a slew of products in the smart HVAC control market have been attracting consumers with advanced energy management system. Integration with modern sensors has rendered advanced functionalities in smart HVAC control. For instance, the use of 3-D sensor helps in better temperature controlling.
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The competitive dynamics in the global smart HVAC control market will be increasingly influenced by players such as Ingersoll-Rand PLC, Daikin Industries Ltd., Schneider Electric, United Technologies, and Nest Labs
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