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.
The market was estimated to be valued at $2,860.4 million in 2014 and is forecast reach $15,620.9 million by 2019, with a compound annual growth rate (CAGR) of 40.4 percent between 2014 and 2019.
Kevin Barnum, vice president for the 50-year-old privately held HVAC distributor, received the partnership plaque that honors Victor’s continuing business loyalty and sales success selling Fresh-Aire UV’s BlueTube, AHU Series, APCO lifetime carbon system, and commercial products over the last decade.
AHRI applauds two recent DOE final rules that adopt ASHRAE 90.1 efficiency levels for three-phase unitary products less than 65,000 Btuh, water-source heat pumps, commercial oil-fired storage water heaters, and packaged terminal air conditioners.