Demand for Energy Efficient Solutions Will Encourage Aggressive Growth in the Smart Home M2M Market in the US by 2019: Technavio

LONDON--()--Technavio has published a new report on the smart home M2M market in the US, which is expected to post a CAGR of 38.02% from 2015-2019.

According to new information from the tech-focused research firm, the adoption of appliances like TVs, refrigerators, security cameras, dishwashers and microwave ovens is very high among consumers in the US and these appliances consume large amounts of energy to function effectively.

“The US is the third largest country in the world in terms of population and consumes almost 30% of the world's energy. Therefore, the demand for efficient energy solutions has increased significantly,” says Faisal Ghaus, Vice President of Technavio.

The new Technavio report also draws attention towards increased use of programmable thermostats that are used to automatically adjust the room temperature to a desired level. With the growing demand for programmable thermostats, the shipment of these devices is increasing rapidly in the US. The highest demand for these devices comes from energy and utilities retailers.

“Programmable thermostats and zone-based thermostats provide energy efficient solutions to overcome high energy costs,” says Ghaus.

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About Technavio

Technavio is a leading global technology research and advisory company.

Founded in 2003, Technavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jes Ellacott
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com

Release Summary

Technavio has published a new report on the smart home M2M market in the US, which is expected to post a CAGR of 38.02% from 2015-2019.

Contacts

Technavio Research
Jes Ellacott
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com