The home automation market is going uphill and gaining popularity in the global scenario. Its market size was estimated at 46.15 billion US dollars by 2016. It keeps on increasing every year and is expected to increase even more in the coming years. Residences are forecasted to adopt home automation methods shortly and a fully automated future is now just a step away. You just need to find a professional Home Automation Company and ask their assistance in setting up home automation system in your home. Home automation makes lives simpler and easier in this fast-paced lifestyle. Check out www.prnewswire.com/news-releases/home-automation-market-to-2025–global-analysis-and-forecasts-300554745.html to visualise the home automation market in 2025; its forecasts and analysis in detail.
Home Automation Equals Convenience!
So, how would you describe home automation in a single word? The answer is convenience! Yes, it makes lives much more convenient for the working couples of today’s generations. The home automation industry is expected to touch its peaks in the coming years. It is expected to be implemented in a wide range of appliances and devices like lighting systems, security systems, energy management, HVAC, smart kitchens, etc. The safety and security benefits of home automation make it a great choice for customers.
Increase In Population Causes Increased Home Automation Needs
The population goes up, and as the number of people living on this planet goes on increasing, the needs too increases. People often try to find a way to make things easier and less complicated. Also, the challenges related to living also increases as population increases. The very fact that you can control your whole home just by using your wifi enabled smartphone, tablet or laptop makes it easier to assure that the home is securely locked and the heating system is turned on just before you enter the house in a chilly climate. Technology often makes lives more convenient, and home automation is the best of all!
Segmentation Of Market-Based On Components
The market is usually segmented as software, hardware, service based on the components. It is estimated that the hardware segment will top the markets by about 2025. Even the service segment is expected to grow and adopt home automation in the coming years. The smart home automation will witness a rapid growth and advancement. This might even include incorporation of all the three segments- software, hardware and services. Nowadays, IT is considered as an inseparable part of the product.
Segmentation Of Market-Based On Application
The market is also segmented into five, based on the application. They are HVAC & energy management, security, smart kitchen, entertainment and lighting. It is expected that the entertainment sector will top the charts by 2025. Smart kitchen is also in high demand and is expected to even grow in demands as it makes cooking easier even in a busy and hectic lifestyle. It even helps to preserve energy and shift the preferences of demography. Environmental protection factors like reduction in the toxic waste generation and greenhouse gases also direct to a growth of the home automation market.
Home automation also provides aesthetic benefits, maximisation of security, control of home functions with a remote, improvement in energy efficiency and integration of mobiles.
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