Canadian Electrical Industry News Week

 

Smart ThermostatGlobal revenue for communicating and smart thermostats, as well as associated software and services,could grow from US$146.9 million in 2014 to US $2.3 billion in 2023, according to a global market analysis and forecast from Navigant Research.

The market for communicating and smart thermostats has exploded with activity since 2013. Although it was introduced in the late 2000s, the technology has only recently gained stronger traction. The year 2014 has seen significant business activity in the form of mergers and acquisitions, international expansion, technological growth, and more conclusive evidence of cost-effectiveness.

In North America and Europe, interest in smart thermostat technology is growing among utilities and energy retailers, as well as consumers. In addition, small businesses are increasingly adopting solutions originally intended for residences as a low-cost way to manage the energy use of heating, ventilation, and air conditioning (HVAC) systems. For other regions, the technology remains nascent, though there are conditions that could foster increased adoption in coming years.

The Navigant Research report analyzes the global market opportunities for communicating and smart thermostats. The study provides an analysis of the market issues, including the current market drivers, inhibitors, and business segments, utility and vendor activity, and broad industry trends, associated with communicating and smart thermostats. Global market forecasts for unit shipments, average selling prices, revenue, and penetration rates, as well as revenue for associated software and services, extend through 2023. The report also examines the key technologies related to communicating and smart thermostats and profiles the major industry players.

Key questions addressed include:
• What are the main technology segments within the global market for communicating and smart thermostats?
• What are the main business segments within the market for communicating and smart thermostats?
• How do the business models for each segment differ from region to region?
• What are the main market drivers and inhibitors regionally for smart thermostats?
• What technology trends are shaping the market for smart thermostats?
• How are consumers engaging with smart thermostats?
• Where are the next global opportunities within the market for communicating and smart thermostats?

An earlier forecastfrom Navigant Research concluded that worldwide shipments of communicating and smart thermostats will grow from 926,000 annually in 2014 to 19.2 million by 2023. Related revenue is expected to grow from US$146.9 million in 2014 to US$2.3 billion in 2023. Read a summary of the forecast: http://electricalindustry.ca/changing-scenes/795-shipments-of-smart-thermostats-to-reach-nearly-20-million-by-2023.

Find out more about Navigant Research’s latest report: https://www.navigantresearch.com/research/smart-thermostats.

 

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The Electrician Forum is a monthly column that provides valuable information to electricians and electrical contractors on current industry trends and concerns. 

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In this issue: 

Owning your own business is something many of us have dreamt of doing. Who wouldn’t want to be their own boss? It is a valid question that many entering the electrical trade consider. However, dreams tend to create an image that doesn’t always suit reality. Surviving in the residential electrical market involves a lot of out of the box thinking and as we have said and can’t stress enough, hard work. To gain insight into the various challenges faced by small electrical contractors EIN sat down with Steve Beeby, Master Electrician, and owner/operator of Beehive Electric, as small residential electrical contracting company based in Elmvale, Ontario.

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Watch a portion of the interview conducted by Electrical Industry Canada with Steve Beeby of Beehive Electric

 

Codes and Regulations Brought to You by the CSA Group

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CSA

Now in its 24th edition, the 2018 Canadian Electrical Code, Part I includes a number of significant updates and changes to better help electrical workers in the safe maintenance of electrical equipment and create safer electrical installations.

This edition features important revisions to many sections. For example, Section 26 now mandates the use of tamper-resistant receptacles in additional areas where children may be present. Section 62 now requires ground fault circuit interrupter protection for heating devices and controls in proximity to tubs, sinks, and shower stalls. Section 10 has been updated, reorganized, and significantly reduced in length.

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Copper $US Dollar price per pound

 Sean Freeman

Sean Freeman is a vibrant, enthusiastic and selfless individual who has taken his trade expertise beyond that of a simple career. Not only is he a Master Electrician but he has traveled around the world as an electrical technician delegate with the Red Cross Emergency Response Unit. His skills are a vital part of emergency response and disaster relief.

In 2013 Sean responded to Typhoon Haiyan in the Philippines. In 2014 Sean spent almost a month in Kenema, Sierra Leone working at the Ebola Treatment Centre. There he was responsible for ensuring electricity and clean water were available, and worked to strengthen the infrastructure of the facility. 

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