the future of the smart home: honeywell vs. nest: the battle for the smart thermostat

Predicting our future is a podcast about the next technological revolution in the eyes of a series of entrepreneurs.
The following is the first episode of Honeywell.
Nest: Battle of smart thermostat--
Episode 3 of Episode 7
A series of articles on the future of smart home.
In this episode that predicts our future, I will look at how an industry giant can stay ahead of the smart thermostat and what this means for other smart home players.
The birth of smart home Coolin-
In the year 00 s, Matt Rogers began an internship at Apple in the iPod engineering team.
At the time, Tony Fader was running the iPod group reported by Rogers.
Rogers continued to work on the iPhone and iPad, and then in 2010, in what seemed like a crazy move at the time, both Rogers and Fader left Apple and decided to work together on the thermostat.
They began designing prototypes in a garage that Rogers rented in Silicon Valley.
When Rogers came up with the idea of building a smart home to Fader, even the one who was building his own smart home at the time, told Rogers that he believed that the smart home belonged only to geeks.
Finally, Fader told Rogers that he wanted him to focus on the smart thermostat, not the entire smart family, and that they came up with a plan to offer a product with an interface that is as friendly as an iPod.
This requires a team of 100 people, and Fader and Rogers released the first generation of Nest devices in 2011.
Two things seem revolutionary to Nest Learning Thermostat.
First of all, I guess, before Nest, the vast majority of people can\'t tell you the name of the company that made the thermostat.
The UI is so tempting for people who bought nest that people are starting to brag about their thermostat.
If you have ever used Nest, you will know that there are no switches or mechanical buttons.
There is only one dial.
You will see different options when you turn the dial (
This is the real menu, sometimes the menu in the menu).
When you press the dial, it selects the menu you want, and then you can see more options by turning the dial.
Again, you can choose either the air conditioner or the temperature you want.
Although it sounds strange, it\'s fun to use Nest.
Then the second innovation.
You can control your Nest from the app on your iPhone or Android device.
I have two Nest thermostats at home.
There are many times when I lie in bed and am too lazy to get up and change the temperature.
So I took out my phone or iPad and changed the temperature from where I was.
Yes, it is very lazy exercise.
In the subsequent Nest model, they combine a motion sensor to detect your time in the room and then adjust the HVAC to the temperature you like.
If the device does not recognize any movement, then the HVAC will turn off so you can save money on your energy bill.
When Nest was released in 2011, the experience was so revolutionary that sales peaked.
Just a month after the release, Nest\'s online store was \"sold out \".
Three years later, Google bought the company for $3. 2 billion.
The Smart Thermostat Market has proven to be a big business and a gateway to more features in the home.
If the thermostat has a motion sensor, it may inform other decisions about how the room works.
Movement at some point in the day can trigger decisions about what lights to turn on or whether the blinds should be turned on or off.
This thermostat will also affect your wallet.
Now, the thermostat can be smart enough to heat or cool the room only when you are in and out, rather than running heat or cold air all the time.
The thermostat space seems to have all the vertical attributes of a startup\'s massive subversion.
This is a huge market, and the basic functions of the thermostat have not changed for decades.
So with the introduction of Nest and Ecobee, you may think that this will bring bad luck to existing employees.
The market share of smart thermostats has also reached 2016, accounting for an amazing share of all thermostats.
Blake Kozak, chief analyst at market research firm IHS Markit, said that in 2016, 29 million thermostats were sold worldwide.
7 million of them are smart thermostats.
Still, before the launch of Nest and Ecobee, the company with the largest market share of thermostats is still the largest company in all thermostats today, including smart thermostats.
The company is Honeywell.
After Apple launched the iPhone, they quickly moved Nokia\'s market share from high
Mobile phones and forced them to sell virtual products to Microsoft.
Amazon, a startup from Dot
After the Com era, the cemetery of retail companies was left behind.
But in the home market, from thermostats to electric lights, the biggest companies seem to be running away from competition.
Not only are they competing with startups, but they seem to be thriving in this new world of smart home devices.
Honeywell is a global enterprise group with commercial interests in aerospace, building materials, engineering services, and home and building technology.
At the time of the article, their market value exceeded $100 billion.
In 2016, they earned more than $39 billion.
While their thermostat sales are huge in absolute terms, they account for only a small portion of the products sold by this multinational company with more than 130,000 employees.
If you\'re trying to identify a 300 stereotype
For Pound-class gorillas knocked down by startups in this area, Honeywell seems to be ripe.
I spoke with Scott Harkins, vice president of IoT partner program at Honeywell connected homes and architecture group.
My first interest is to learn how Honeywell defines their role in the home.
Honeywell\'s focus on smart thermostats is not just a relic of its long history in the field of thermostats.
Scott believes that there are some devices that are critical to controlling the most important aspects of smart homes in the future. Scott Hawkins: \"[I]
You think about where Honeywell has played. . .
In the spiritual space, the thermostat, HVAC, safety, indoor air quality, one of the world\'s leading air filter companies, and the awareness of the camera.
If you think about these three things-
Camera, thermostat, safe and secure. . .
These are the three main categories of connected home space. . . .
We really try to focus on what\'s important at the consumer level. . . .
An interconnected solution that understands the habits of consumers at home, so that when they come home from work or from anywhere, the House is already comfortable and personalized the way they like it, whether they are there or not, they protect the home, which lets them know what\'s going on at home, this way it can notify them at home or on the road through an app that provides services such as alarm monitoring, police dispatch, or EMS services.
\"One of the cool things smart thermostats can do for indoor air quality is that it will know when your air filter will be ---a very non-
Connected product, just a filter-
When it gets dirty, it becomes an energy problem for the family. . . [W]
E can automatically notify the consumer, we can automatically notify the Amazon shipping filter so that it will appear at the door the next day.
We put these services on it.
The product itself must be a great thermostat and must be able to control the temperature.
Fire or burglary must be found in the safety system.
The camera must see when things are moving and give proper notice.
But in the end, we believe that their behavior or successful performance of what consumers hire them to do is a minimum of competition.
I think what really brings value is your service on the top floor.
Saving consumers money by incorporating them into their local demand response plans is an example.
\"One of the biggest challenges facing all of these smart home devices is when and how to install them.
Buildings are not like mobile phones and people throw them away after a few years of use.
Most buildings have been in use for decades and, in fact, it accounts for only a fraction of the total number of new homes represented by new buildings.
It\'s easy to imagine how smart thermostats, speakers, locks, or air purifiers are installed when a building is first built.
But what about the plan to not remove walls and introduce professional contractors for all the homes that people currently live in?
In this case, Scott talks about a DIY alternative to Honeywell\'s water sensor that detects if there is a leak in the basement.
Scott Harkins: \"We take two approaches.
We have a consumer approach, or a DIY approach, we have a professional approach to the market.
The two major channels we enter the market are that if we start with a leak detector, we have two solutions.
At home, we have WiFi DIY-
Enabled products that can be purchased online can be purchased at Home Depot.
Consumers set it up through the app for about a minute, using Bluetooth, which sits in a place where someone might be worried about leaking water.
\"It has several unique features.
One is WiFi but it has three
The battery life of one year is very impressive and extensive.
The second thing is that it has what I call the tail, it is essentially a wire that hangs slightly above it-
About 4 feet long. -
If the water touches anywhere along this line or this tail, it\'s also a water detector.
In fact, a device can cover a very wide area, up to 400 feet.
\"For example, I will put it around the water heater in the basement below me.
My HVAC system is also there.
A water detector is detecting two areas where a possible leak may be caused by an AC or excessive condensation of the water heater that causes the leak to fail.
It\'s WiFi connected and connected directly to the cloud.
A hub or some kind of control device is not used.
\"On the professional side, our security system ---
Honeywell lyrics safety system--has Z-
It has the Wave function built in, so we can talk to Z-
Wave devices like the lights and locks you mentioned, but we \'ve also built a wireless leak detector that talks about the size of the Matchbox in our security protocol, A leak detector that can walk around the house and can talk to the control center, both devices can be controlled through consumer-facing applications.
If a leak is detected, this specific signal is sent back to a professional monitoring station.
The monitoring center will have some procedures to address this issue.
This has to do with panels, control panels in the home, Honeywell cloud, lyric leak detector and Freeze Detector reporting to our cloud via WiFi.
\"Would you like to hear an interview with Scott Hawkins?
Come here and experience Honeywell.
Nest: The Battle of the smart thermostat \".