"The smart home market is expected to grow from $76.6 BILLION in 2018 to $151.4 BILLION by 2024, at a CAGR of 12.02%"
The smart home and apartment/ condominium market currently has exploded with products such as smart thermostats, smart security cameras, smart locks, and smart electrical outlet plugs.
BUT WHAT ABOUT SMART LEAK DETECTION IN APARTMENTS AND CONDOMINIUMS?
Until now these leak detection systems have been cost prohibitive ESPECIALLY in APARTMENTS and CONDOMINIUM
THREE MAJOR ISSUES......... We found through our research with apartment, condo managers and insurance companies, the three major issues are these: Cost of leak detection hardware- we have migrated if not solved this issue with our superior product through cost engineering and financial incentives. Installation- The cost of the plumber to install the system – we have solved this by using push to connect fittings and a non-intrusive valve. Internet Access- The condo market and
We are proud to be partnering with Honeywell Home! The need for IoT solutions for the apartment and condominium market is on the rise! Owners and managers are in need of effective technology to help them not only operate more efficiently but to also mitigate inevitable occurrences like water leaks that can be undetected for long periods of time leading to costly repairs and inconvenience for the tenant and owner. The real estate world has been slower to adapt IoT technology.