Thermostats and smart lighting are often thought to be the prerequisites for home energy management (HEM) adoption. Product-wise, 4.9 million smart thermostats have already been sold globally since 2015, of which North America alone accounted for 70 percent of the total share, according to a report by IoT Analytics.
Thermostats and smart lighting are often thought to be the prerequisites for home energy management (HEM) adoption. Product-wise, 4.9 million smart thermostats have already been sold globally since 2015, of which North America alone accounted for 70 percent of the total share, according to a report by IoT Analytics. Similarly, smart lighting controllers is another major HEM product category which is expected to account for substantial market growth in the years ahead, leading research firm Marketsandmarkets also revealed.
With the increased energy-efficiency concerns of consumers, these quintessential devices are driving the overall HEM hardware market, and to some extent, help spur the smart home market growth.