Global Smart Home Market, 2016-2022
The advanced technology has enabled various devices to be connected and controlled by one device and this technology is used by smart homes. In smart homes, various devices such as lighting, AC, CCTV cameras, smart TV, washing machine, etc.
The advanced technology has enabled various devices to be connected and controlled by one device and this technology is used by smart homes. In smart homes, various devices such as lighting, AC, CCTV cameras, smart TV, washing machine, etc.
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<strong>Smart</strong> <strong>Home</strong> <strong>Market</strong><br />
The major growth driver for the smart home market includes growing awareness among<br />
consumers about energy consumption, growing the aging population, rising disposable<br />
income in developing countries, and government initiatives among others.In addition, rising<br />
demand for home healthcare is fueling the growth of the smart home market. However, high<br />
prices coupled with limited consumer demand and long device replacement cycles are top<br />
barriers preventing the smart home market from moving from the early-adopter stage to the<br />
mass adoption stage.<br />
Browse detail report with in-depth TOC @<br />
https://www.zionmarketresearch.com/report/smart-home-market<br />
Segmentation of smart home market is done on the basis of product and region. The<br />
products involved in the smart home market are the smart kitchen, home healthcare, lighting<br />
control, HVAC control and others. Light control held the largest share in the smart home<br />
market due to reduced electricity consumption in homes. Lighting sensors adjust the<br />
intensity of artificial light according to the intensity of natural light thereby reducing power<br />
consumption.<br />
North America held the largest share of the smart home market due to rise in demand of<br />
home health care and population. Europe is another leading smart home market as it<br />
follows North America. In North America, government initiatives include remotely controlling<br />
gas, power meters, and water to fall into the smart grid with ease. Aging population, energy<br />
& cost saving, security, and convenience, reduced carbon emissions, government initiatives
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