This residential thermostat is engineered and designed to integrate with any conventionally wired HVAC system. Near field communication, a set of short-range wireless technologies, and a dedicated distributor app allow the contractor to preconfigure settings before arriving at a residence.
The global advanced HVAC controls market is forecast to grow at a compound annual growth rate (CAGR) of 8.67 percent from 2016 to 2020, according to a report from Sandler Research.
While some consumers want geofencing to control their thermostat, others want to simply set it and forget it. Thermostat manufacturers are learning that they need to be all things to all people.
Leviton announced availability of its Omnistat™ 3 Hospitality Thermostat, a retrofit solution developed specifically for guest room energy management. The thermostat has a capacitive touch face, and when paired with wireless Leviton Lumina RF load controls and sensors, the company said it provides affordable guest room control.
Smart thermostats may not always be the best option for everyone. For many, a simpler thermostat without the bells and whistles is all they need and want.
In just a few short years, a thermostat with Wi-Fi connectivity went from a novel concept to an expectation. And, with consumers demanding more and more from the devices in their increasingly smarter homes, it’s clear the market will only continue to grow and change.
The venture capital unit of Siemens AG and Statkraft Venture Capital has invested alongside the venture capital funds of Target Partners, Shortcut Ventures, BayBG, and others.