iot

HVAC Industry Looking to Cash in on IoT

Nov. 17, 2016

IoT spending to reach 1.7 trillion in 2020. 

The HVAC industry is hoping to reap the benefits of the current IoT explosion that is set to reach $1.7 trillion in 2020, according to the IDC.

The potential of smart interconnected devices working alongside heating and cooling systems gives many in the industry hope that it can be a lucrative venture for commercial and residential use.

“Connectivity offers homeowners and building managers the ability to better control their environments, improve the efficiency of their HVAC systems, and reduce operating costs while conserving energy in the process,” says Sudhi Sinha, Vice President of Product Development at Johnson Controls. “This is clearly a fast-growing industry need.”

Internet-connected heating and cooling systems have the capability to monitor environmental conditions with the help of smart sensors. Once the data is processed, it can immediately be shared with system managers or homeowners.

Voice your opinion!

To join the conversation, and become an exclusive member of Buildings, create an account today!

Sponsored Recommendations

Decarbonization 2024: How Digital Tools Minimize Your Carbon Footprint

Discover the untapped potential of digital electricity infrastructure in revolutionizing building electrification and decarbonization, unlocking a sustainable future while reducing...

Building Security & Technology Series: Webinar 3 - Proptech

This event was originally held on May 22, 2024and is now available for on demand viewing.Duration: 1 Hour eachGold Sponsors: Genetec, ISS, PrometheusSilver Sponsors: Eagle Eye...

Building Security & Technology Series: Webinar 4 - Lessons Learned

Date: May 29, 2024Time: 1:00 PM EDT / 12:00 PM CDT / 10:00 AM PDT / 5:00 PM GMTDuration: 1 Hour eachGold Sponsors: Genetec, ISS, PrometheusSilver Sponsors: Eagle Eye Networks,...