International Builders’ Show Demo Day
HCN cameras were rolling at the first-ever Design & Construction Week in Las Vegas. Plenty of products were on display during Demo Day, including innovations from Jeld-Wen, DaVinci and Broan-NuTone.
What’s a PCT? A hot product, says researcher
Smart thermostats, also known as programmable communicating thermostats (PCTs), offer integrated features that surpass the basic sensing and control functions of traditional thermostats. Although the market for smart thermostats has struggled to gain traction, recent developments – particularly the purchase of smart thermostat maker Nest Labs by Google, for a reported $3.2 billion – indicate that growth is likely to accelerate. According to a recent report from Navigant Research, worldwide revenue from smart thermostats will grow from $86 million in 2013 to almost $1.4 billion in 2020.
“Large retailers, including Lowe’s and The Home Depot in the United States and B&Q in Europe, have begun selling smart thermostats, signaling that sales of these devices could grow in coming years,” says Bob Lockhart, research director with Navigant Research. “It remains to be seen, though, whether marketing efforts on behalf of these retailers will raise the interest of a large pool of customers who are not already planning to replace an existing thermostat.”
For their part, utilities remain cautious about investing in programs and tools that provide incentives for consumers to regulate their energy use. Likewise, vendors have struggled to produce user-friendly solutions with proof of substantial cost savings that will motivate customers outside of the energy-conscious segment. However, the combined factors of increased energy awareness, rising interest in home automation and security tools, and more user-friendly solutions have led to an uptick in shipments for smart thermostats and have revived a sense of optimism and excitement on behalf of vendors and stakeholders.
Thomson appointed Nuheat VP sales
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Vancouver, B.C.-based Nuheat Industries appointed Peter Thomson as VP of sales.
“We are fortunate to have Peter as a leader on our team. His passion and energy for our business is infectious and his deep desire to always do more is an inspiration for the sales team and the rest of us at Nuheat,” says Kevin McElroy, President of Nuheat Industries.
Previously director of sales, Thomson has been with the company for 11 years.
The sales team at Nuheat has brought the leading manufacturer of radiant heating solutions to hit a new record high in sales, the company said.
“It’s an optimal time for the floor heating industry,” said Thomson. “As the US housing market recovers, we’re seeing more North American consumers become aware of using floor heating as a smart heating solution.”