In March 2017, Technavio published a report highlighting technology trends in the HVAC market. Building automation and remote control of HVAC systems were identified as major market trends. The report also noted that regular maintenance and incorporation of green technologies were trends. These trends are great for businesses and consumers because more efficient monitoring and maintenance are likely to reduce the cost of running an HVAC system. Here is how to capitalize on these trends.
Purchase a smart monitoring system
Businesses can choose from a variety of building monitoring systems. These monitoring systems often include other major building functions, like fire suppression and security. All the functions can work together for optimal efficiency.
Homeowners can invest in a smart thermostat, like a NEST. These monitoring devices learn how the homeowners like having the heating and cooling in each portion of the house. The program balances these needs with energy saving measures to reduce home energy bills. NEST recently received an Energy Star rating in the U.S., which demonstrates that meets federal regulations for saving energy.
Technavio adds:
The rise in smart infrastructure projects around the globe is propelling the demand for new heating, ventilation, and air-conditioning components…
This statement implies that HVACs will soon be joining the Internet-of-Things (IoT), smart devices controlled through the internet. HVAC components are being re-designed and optimized to work within this new system. New components, released in the near future, may work better with the IoT capability, leading to even greater cost savings.
Complete maintenance at regular intervals
Both homes and businesses can benefit from regular HVAC maintenance. Energy costs can be reduced by up to 40% with regular maintenance. Many homeowners and businesses owners don’t take advantage of these costs savings because they wait until something is broken. While waiting till a component breaks may be simpler, it is more costly in the long-term, especially since the HVAC system may have more downtime in order to complete a major repair.
Although many homeowners and business owners might not be surprised by the need for regular maintenance, the rise of the smart monitoring devices for HVAC systems can have huge consequences on cost. Not only do these smart monitoring devices reduce the energy bill, as they become more advanced, they could incorporate more functions. For example, a smart monitoring device could alert business owners when it was time to complete regular maintenance. By adding a smart monitoring device, HVAC systems now have the potential to add many new and practical functions.