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Home automation is expected to grow at a double-digit rate

BY HBSDealer Staff

A new report, titled "Home Automation System Market by Product (Lighting Control (Switch, Occupancy Sensor), Security & Access Control, HVAC Control (Pump & Fan, Control Valve), Entertainment & Other Controls), Software & Service & Geography – Global Forecast to 2022", published by MarkeMarkets, suggests the home automation market is in for some impressive growth.

The global market for home automation is expected to grow from $32.11 billion in 2015 to $78.27 billion by 2022, at a CAGR of 12.46% between 2016 and 2022.

This is partially thanks to a growing "internet of things" market, falling prices, a growing base of manufacturers and products, and the increasing importance of home monitoring solutions.

Within the category, lighting control is expected to grow the fastest thanks to its electricity saving capabilities and growing environmental concerns.

Currently, smart meters (which record energy consumption) hold the largest share of the market (in 2015).

Regionally, Asia-Pacific will see the sharpest growth over the next five years, thanks to a growing number of new residential projects and the strengthening of building infrastructure.

The full report is available here.

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Black + Decker’s new vacuum has a sixth sense

BY HBSDealer Staff

Black + Decker's new Lithium Ion Cordless Stick and Handheld Vacuums come equipped with a sixth sense. Or perhaps, three different types of senses.

The Smartech platform automates the vacuums with AutoSense, FilterSense, and BatterySense.

AutoSense senses whether the vacuum is cleaning hard surface floors or carpet and automatically adjusts its power level accordingly, aiding cleaning by boosting power as needed on high-pile carpet when using the stick vacuum.

FilterSense alerts the user when the filter needs to be cleaned.

And finally, BatterySense indicates how much battery remains with three white LED lights.

This technology is available in three different vacuum models: the 2in1 Cordless Floor Extension Stick Vacuum, the 2in1 Cordless Stick Vacuum, and a Cordless Hand Vacuum that features a second speed option called PowerBoost, which increases suction power.

Each unit comes with an onboard extendable crevice tool, a washable and replaceable filter and pre-filter, and features cyclonic action that helps to keep the filters clean and suction strong.

Additionally, the 2in1 Cordless Stick Vacuum’s beater bar can be turned on or off to conserve power, and each of the Stick Vacuums and Hand Vacuum include a flip-up brush and/or an additional push-in brush for cleaning blinds and baseboards.

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Infographic: DIY attitudes fall along political party lines

BY HBSDealer Staff

A report from HomeAdvisor suggests that one's political affiliation could have a major say in how one approaches home improvement projects.

According to the 2016 True Cost Report, Democrats are more likely to spend money to hire a contractor, whereas Republicans are more likely to go DIY.

Using information from HomeAdvisor's True Cost Guide, the report looks at the ways generational, regional and political aspects affect homeowner attitudes and spending habits.

"The survey uncovered that factors such as political affiliation, age and geographic location can significantly affect American homeowners' attitudes and decision-making when it comes to home improvement and repair projects," said HomeAdvisor's cost advisor Leah Ingram. "Additionally, homeowners are more willing to invest in home improvement projects and are prepared to do so."

According to the report, Millennials and Boomers have much in common when it comes to their spending and homeowner habits, as both groups are completing more maintenance and repair projects than other age groups.

"Our data indicated that in the past 12 months, there was a 47 percent increase in homeowners who spent more than $1,000 on home improvement projects," continued Ingram. "We attribute this rise to the shrinking housing inventories and escalating home prices, which provide equity for homeowners to boost the enjoyment and monetary values of their existing properties."

Click here to see the full 2016 True Cost report.

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