NFC and the Environment
As use of smartphones for mobile payments becomes more widespread, near field communication (NFC) tag technology (communication between smart devices) is becoming increasingly important. The global NFC market is expanding at a compound annual growth rate (CAGR) of 17.9 percent and will be worth $49.5 billion by 2025, Research and Markets projects.
One of the factors driving this growth is increasing demand for smart home appliances, growing at a CAGR of 15.4 percent, according to Markets and Markets. Smart washers, dryers, air conditioners, vacuum cleaners, refrigerators, freezers and dishwashers are all contributing to the growing use of NFC tags.
Pairing appliances with NFC tags enables smartphone users to control their appliances with their mobile device and to connect their devices with mobile apps. In addition to being convenient, this can also help save energy and money. Hereâ€™s a look at three ways adding NFC tags to your appliances can cut your expenses while helping the environment.
After your HVAC system and your hot water heater, one of your home’s biggest energy consumers is your refrigerator. For the past few years, the EPA has been encouraging manufacturers such as GE to build NFC tags and other smart features into refrigerators because of the energy they can save. Smart refrigerators can keep your refrigerator at a correct temperature of 35 to 38 degrees. They can also alert you when itâ€™s time to perform maintenance tasks such as cleaning coils, as well as when your energy usage is spiking unexpectedly so that you can get the problem checked out. Smart refrigerators can also connect to smart grids, where utilities pool data from multiple consumer households to optimize usage. For instance, usage can be curtailed during peak demand times when expenses are highest.
Other smart appliances can be optimized through smart grids in similar ways. For instance, smart washing machines can be scheduled to run late at night during the summer, when there is less demand on grids. Smart double oven cooktop surfaces can reduce power use by 20 percent during peak demand times, Incite Energy says. On average, a fully automated smart home can cut your energy bills by 10 percent, industry experts estimate.
NFC tag-equipped smart appliances can also help you conserve water and save on your water bill. Once way smart technology can conserve water is by optimizing your use of your faucets and showerheads. Using smart low-flow faucets and showerheads can cut your water use by 30 to 50 percent, translating into savings of $50 to $90 a year, HGTV.com reports.
Smart washing machine technology can also reduce your water use. LGs new TurboWash technology cuts water consumption by up to 40 percent and energy consumption by up to 15 percent by completing cycles faster and using more efficient high-powered spray nozzles during the rinse cycle.
NFC technology can save you money outdoors as well. For instance, the GreenIQ Smart Garden hub connects your irrigation system to your smartphone and adjusts your sprinkler system based on weather conditions and forecasts. This can cut your outdoor water consumption by up to 50 percent.
Another money-saving outdoor application of NFC technology is security cameras. Today’s best outdoor security systems can connect wirelessly through your smartphone with features like motion detection push notifications. This lets you spot intruders sooner, alert authorities faster and identify suspects more effectively. An increasing number of insurance providers offer discounts to homeowners who use this type of technology to protect their homes.