Smart Home Device Usage Up in Multi-Dwelling Units, Says Parks

Some 43% of multidwelling unit residents owned a smart home device in 2020 vs. 30% in 2019, reported Parks Associates Monday, saying the MDU market has become more important to manufacturers as they look to drive overall smart home market adoption. Property managers can use sensors to identify HVAC equipment inefficiencies that waste energy and use smart thermostats, lights and outlets to manage energy use in buildings more effectively, said analyst Patrice Samuels. Parks’ virtual Smart Energy Summit is Wednesday.