Smart Homes 101
According to predictions from market researcher MarketsandMarkets the global smart home market will expand to around $58.7 billion 2020! That’s a 17 percent annual growth rate that’s going to create a huge market for state-of-the-art smart homes. So, in preparation for the movement toward more technologically advanced homes, here’s a run down of the three most common smart home features.
Smart thermostats are an easy and inexpensive way to upgrade your home. A smart thermostat (like Nest) learns from your habits and preferences and begins to adjust itself accordingly. If that wasn’t cool enough already, smart thermostats can pull the weather forecast from the Internet and set an optimal temperature. It can also create monthly reports, which will help your home become more energy-efficient and save you money! For example, homeowners who use a smart thermometer can save between 10 and 12 percent on heating and 15 percent on cooling bills.
As if your phone wasn’t powerful enough, now you can control your lighting from it. Philips Hue is a popular example of this smart lighting. You can use the app to turn the lights on and off in addition to adjusting the colors and brightness. Setting a vibe has never been easier. Another cool features of smart lighting include the ability to set up sensors so the lights automatically turn on when you get home.
Smart appliances are the latest and greatest addition to smart home technology. Whirpool has developed washers, dryers and kitchen appliances that monitor energy costs and delay or start cycles when its most energy-efficient. You can control these appliances with an app that enables alerts and remote commands from anywhere you have cell service. This is another great way to be more environmentally conscious and cut down your utility bills.
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