Canadian Electrical Industry News Week

May 31, 2016

Worldwide shipments of communicating and smart thermostats are expected to grow from 926,000 annually in 2014 to 19.2 million by 2023, according to a new report from Navigant Research. The report analyzes the global market opportunities for communicating and smart thermostats, including global forecasts for unit shipments, average selling prices, revenue, and penetration rates.

First introduced in the late 2000s, smart thermostat technology has only recently gained real traction among customers. During the last year, the market for communicating and smart thermostats has expanded rapidly, with new offerings from several high-profile providers.

“In North America and Europe, interest in smart thermostat technology is growing among utilities and energy retailers, as well as consumers,” says Lauren Callaway, research analyst with Navigant Research. “In addition, small businesses are increasingly adopting solutions originally intended for residences as a low-cost way to manage energy use of HVAC systems.”

Amid a wide spectrum of offerings, three main technology segments have emerged, according to the report:

  • communicating thermostats
  • smart thermostats
  • software and services

Global revenue for communicating and smart thermostats and associated software and services is expected to grow from US$1.1 billion in 2016 to US$4.4 billion in 2025.

Distribution channels vary. Telecommunications and broadband service providers, home security companies, and heating, ventilating, and air conditioning (HVAC) installers are racing to incorporate advanced thermostats into their solutions. Software and services, especially those that are cloud-based, have become a vital part of these more intelligent thermostats, providing data-based insights and opportunities that increase the value of these devices.

Because these devices and software have varying degrees of capability for a range of functions — controlling temperature, analytics and automation, connectivity to home area networks, responding to utility pricing signals (e.g., time-of-use and demand response), and accessing cloud-based services — they appeal to multiple customer segments, not just end users.

The report, “Smart Thermostats,” analyzes the global market opportunities for communicating and smart thermostats. It provides an analysis of the market issues, including the current market drivers, inhibitors, and business segments, utility and vendor activity, and broad industry trends, associated with communicating and smart thermostats. Global market forecasts for unit shipments, average selling prices, revenue, and penetration rates, as well as revenue for associated software and services, extend through 2023. The report also examines the key technologies related to communicating and smart thermostats and profiles the major industry players.

Find out more: http://www.navigantresearch.com/research/smart-thermostats.

 

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LitelineLiteline is hosting 20 minute product training on Mondays and Wednesdays, and for CEU courses on Fridays to complete your CEU requirements by June and to keep your mind fresh while you practice social distancing. 

 

 

 

 

 

 

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Government of CanadaTo help Canadians and businesses get through these tough economic times, the Government is proposing to introduce a wage subsidy of 75 per cent for qualifying businesses, for up to 3 months, retroactive to March 15, 2020.

This measure, which is a part of the Government of Canada’s COVID-19 Economic Response Plan, would support businesses that are hardest hit by the COVID-19 pandemic and would help protect the jobs Canadians depend on during these difficult times.

 

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WEG Speed Range SystemsThe WEG drive system, consisting of 5000KW 4160V 8-pole W60 induction motors, MVW01 medium voltage drives with input panel, control a semi-autogenous mill (SAG) at the Meliadine mine in the Nunavut territory, Northern Canada.

The SAG mill is one of the main equipment of the site, responsible for the grinding process of the extracted ore and, therefore, requires the equipment used for its propulsion and control to have very high reliability and availability.

 

 

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William WestBy Blake Marchand

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