14, December 2015: In the future, one of the most promising markets in US is that of Heating, Venting and Air-Conditioning (HVAC) which always has been important for companies involved in HVAC. The market value in 2013 for HVAC was $91.30 billion dollars and is expected to see an exponential rise to an estimated $155.10 billion dollars by 2022. A big chunk of it is industrial cooling but the residential market also holds promises for rapid rise in revenue and profits.
When we talk about heating and cooling systems in our homes, they have always been the biggest part of our energy expenses. However, the money spent is not always put to the best use simply because the systems are not efficient in nature and a lot of energy is misspent in trying to figure out what should be the right temperature at what point in time. Quite simply put, what we need is a smart system which will use sensors and a smart hub which will control the vents to efficiently route the air. A system developed at MIT aims to make that available for homeowners through an MIT spinoff called Ecovent.
The prime driver of the technology and the motivator behind Ecovent, CEO and co-founder Dipul Patel, an MIT alumnus of 2014 says that the technology behind smart vents and sensor based cooling is not very different from his area of expertise in Lockheed. As a designer of missile defence systems, he found similarities to the environments in our homes and military space. He explains that when there is scope for confusion in heating and cooling spectrums at our homes, the technology has to be very robust and the designers have to understand the variables behind such a scenario.
“We are glad to see the advancement of smart thermostats but there is still much room for improvement. Smart HVAC systems seem to be the next step in the evolution of our industry” States Brandy Andrews, Licensed HVAC Expert and CEO of National Air Warehouse, a leading retailer in the HVAC industry. “Leading the way in research with technologies such as Cloud Cast, Ecovent, and now Wristify, we are excited what else the engineer at MIT are going to think of next”.
Like it’s mentioned in detail; the system is going to have smart sensors developed on the basis of missile defence technology at Lockheed installed at each room of the house. Each sensor will be connected to a sensor hub where an app will be used to feed the right temperatures for each room. The smart sensors will be able to open or close the smart vents according to the temperature of the room and the required temperature. Slowly, the sensors will be able to learn the pattern and will adjust to the home owner’s preferences over a period of time. The system is going to cut down your energy bills and make the whole system more efficient from ground up.
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