Smart Home Thermostats Helps Cities Build Smart Grids
The growing power of smart home devices and services will increasingly extend their influence outside of the home and into wider smart city programs, finds new research from market-foresight advisory firm ABI research.
Over the next five years, smart home and smart city providers will increasingly leverage the overlap between these two traditionally separate markets as smart home services provide a ready and expandable Smart City IoT resource.
“So far, smart city programs have been dominated by broad, large-scale implementations. Increasingly, either these projects will expand to embrace smart home partners, or they will see some of the primary applications encroached upon by progressive smart home providers,” says Jonathan Collins Research Director at ABI Research.
By 2022 a global install base of nearly 300 million smart homes will put smart home providers in the position to provide a ready data source for smart city applications.
Current smart city projects typically address applications including transportation, healthcare provision, environmental management and more. Increasingly, smart home providers are showing they can deliver similar functionality by adding additional application capabilities for their smart home customer base.
Perhaps the best current example of smart home deployments engaged in driving smart city benefits is the integration of smart thermostats into utility demand management programs.
Instead of utilities developing their own direct to consumer smart home plays, they have instead turned to smart home players such as Nest, Honeywell and others to deliver the remote control over end-user heating and cooling demands to help manage peak loads.
ABI Research finds that worldwide by 2022, more than 80 million homes with smart thermostats are set to have control of the heating and cooling in the home linked to smart grid control.
Find out more at abiresearch.com.
Copyright Today’s Credit Unions