Honeywell Completes $5.1B Acquisition of Elster; ‘Strong Fit’ for Company’s Home Automation Strategy
Elster is a provider of thermal gas solutions for commercial, industrial and residential heating systems and gas, water and electricity meters.
Elster is a provider of thermal gas solutions for commercial, industrial and residential heating systems and gas, water and electricity meters.
The market was valued at $5 billion in 2014 and will grow at a CAGR of approximately 25%.
Convenience connectivity, safety & security and cost are three factors contributing to the growth of the market.
Honeywell survey finds more than two-thirds of Americans don’t feel totally safe in their homes.
The North American and European smart thermostat markets accounted for about 90% of the overall market in 2014.
Vivint has partnered with Autism Speaks to provide smart home systems, which includes the Vivint SkyControl panel, to 16 families who have children with autism.
The United States accounts for 65% of the worldwide market for CCTV equipment sold through in-store and online retail channels.