Role of IoT in HVAC

Implementation of the "Internet of Things" in the modern world is gaining pace at breakneck speed. Society is moving away from standalone devices and entering the realm of inter-connectivity. With uses in different facets of life, such as personal gadgets, retail, electricity distribution and financial services, IoT is making its mark. One such application field of IoT is in Smart Homes, or more specifically in the Heating, Ventilation, and Air Conditioning industry (HVAC). According to a report by Zion Market Research, the global smart HVAC control market is expected to reach almost USD 28.3 billion by 2025 as compared to USD 8.3 billion in 2018.