• Boiler and HVAC preventative maintenance can be as simple as signing up with a provider. Because these are usually professionally installed, the most difficult part is handled by a professional.
• Temperature sensors are simple to place around a home to help average out temperatures across homes that use a central heating and cooling system. This device is partially in the slow burn quadrant because consumers continue to be less enthusiastic about smart thermostats relative to other smart home devices. Consequently, Omdia believes adoption of these sensors will also be slower despite the simple installation. Moreover, it took Nest seven years to release sensors that work in tandem with its smart thermostat.
• Radiator valves and smart thermostats are also slow burn devices. Despite a compound annual growth rate (CAGR) of 18% from 2020 to 2025 in the Americas region, thermostats remain underutilized. Meanwhile, radiator valves will have a unit shipment CAGR of 26% in EMEA from 2020 to 2025. The global penetration rate for smart thermostats in 2020 was about 5.5%, and the penetration of radiator valves was 1.3%. By comparison, the penetration of smart speakers was 16% in 2020 . Although the first smart thermostat was introduced about 10 years ago, penetration remains low.
• Smart room air conditioners have the potential to reduce energy bills by utilizing occupancy sensors and other algorithms. Room air conditioners fit in all four quadrants because in some cases they will require a professional and because this device is mostly used in Asia. So, although the utility of the product is obvious, the degree of change required on behalf of the consumer is not clear.
• Smart ceiling fans are very expensive. Although these devices can be integrated with air quality monitors and HVAC systems to help refresh air, these devices are a premium product and are designed for a small segment of the population.
