One of the rapidly evolving technologies in the HVAC (heating, ventilation, and air-conditioning) space is smart thermostats. HVAC systems in India comprise ~40% of the energy consumed by buildings in India. According to the Indian Society of Heating, most commercial buildings have an energy performance index (EPI) of 200 to 400 kWh/sqm. HVAC equipment takes a major share of the electricity bills for residential, commercial, and industrial applications. This could be overcome by deploying energy-efficient systems that can save energy and also help in cost-cutting. One such rapidly evolving technology in the HVAC space is smart thermostats.
Understanding Smart Thermostats
Today’s smart thermostats are a networked component of the Internet of Things (IoT). Thanks to Wi-Fi connectivity, temperatures can be conveniently adjusted via a downloaded smartphone app from another room or a different zip code. For instance, if a user forgets to lower the thermostat before leaving for work, can do so from their office. Another scenario is a vacation and with pets left at home – one can control the climate for them at any time.
Smart thermostats can also operate on a fixed schedule. You can program it to be a certain temperature at night, in the mornings, when leaving for work, or around the time you arrive home. A schedule takes out the extra work of having to remember to adjust the thermostat at certain times. More smart thermostats are also being outfitted with touchscreens, eliminating manual controls for easy operation. Most importantly, smart thermostats can save up to 10-15% on heating and cooling costs. It can achieve real energy savings with maximum user comfort.
Evolution of Smart Thermostats
Thermostats’ evolution from mechanical to electrical began in the early 19th century and morphed into analog and digital gadgets. At present, they are fast evolving into smart programmable & wireless-enabled electronic devices. According to a recent report – the global smart thermostat market size will reach $11.36B, registering a CAGR of 28% by 2027. The Indian HVAC market is expected to grow by $3.97B by 2025, and smart thermostats can help reduce the amount of energy consumed by HVAC systems to a large extent.
The applications of smart thermostats in today’s scenario are immense. Some use-cases of smart thermostats are temperature adjustment by voice command, automatic temperature adjustment via indoor and outdoor sensors, advanced internal diagnostics, monitoring of energy usage, and more.
Another impressive revolution is a self-learning thermostat. This is a device that incorporates sensors with a specialized algorithm that records and analyzes usage habits. The climate can then be automatically adjusted accordingly. Instead of the home or building being the same continuous temperatures, it’ll fluctuate throughout the day based on usage patterns. Some thermostats can detect your proximity to the home or business to adjust the temperature accordingly; this technology is called geofencing. A smartphone app is required for this feature to work, but it’s nice for people who have been working all day and want to come to an environment that’s already the right temperature after dormancy during the workday.
For homeowners looking for the latest automation solutions, some smart thermostats can directly integrate with smart home systems, controlling lighting, appliances, and even individual outlets. Some home automation systems now offer integration with Siri voice control through Apple’s Home Kit. Amazon’s Alexa is getting in the game by integrating with smart thermostats and other smart home operations with similar voice control features.
Shifting Supply Chain
Thermostatically controlled cargo containers with insulation materials and electronics help the drugs be transported in a maintained environment. They’re powered via internal batteries or external electric sources to maintain power through large cooling fans and heating mechanisms.
As the industry expands, the loss of goods during transit is no longer welcomed, thus bringing in demand for newer technologies to manage the containers. The greater range of shipping temperatures required by manufacturers increases the demand on both packaging and on the integrity of the entire temperature-controlled–controlled supply chain. This is imperative for many pharmaceutical products, as spoiled drugs can have serious health and wellbeing.
IoT-enabled smart containers are increasingly providing extended protection for temperature-sensitive cold chain shipments. It helps shippers receive status updates and alerts if the reefer container’s condition deviates from the required settings like temperature, CO2 levels, and power status of the container through the sensors.
The IoT adoption has exploded in the last three years, with enterprises testing and deploying several IoT use cases. It’s expected that the total number of IoT connections will reach 83B by 2024, rising from 35B connections in 2020. The rising adoption of smart infrastructure, especially among urban households, is driving the growth.
The Government of India has now come up with a PLI scheme for white goods (air conditioner and LED lights) aimed at boosting domestic manufacturing. The scheme is expected to attract global investments, generate large-scale employment opportunities and enhance exports substantially. Hence, the industry will not be able to pass up on this technological revolution. Smart consumer electronics will become ubiquitous and all-encompassing and is seen as the way of the near future.
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