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Home Automation Market 2019 - Homeowners Around the World Willingly Spending on Advanced Home Automation Solutions

April 18, 2019 | Information & Technology

As technology is upgrading and becoming increasingly accessible, an increasing number of homeowners around the world are adopting home automation system. Home automation allows a person to control things such as room temperature, security systems, and lighting with a touch, sound or swipe. Fortune Business Insights predicts the global Home Automation Market to exhibit a CAGR of 12.1% between 2018 and 2025. The global market was valued at US$ 45.8 Bn in 2017 and is anticipated to reach US$114 Bn by the end of 2025. rRapid urbanization primarily characterized by hectic and busy lifestyle is bolstering the adoption of home automation solutions worldwide. Homeowners consider updating their homes with smart technology as a good investment. A survey conducted by Coldwell Banker found that around 44% of millennials in the U.S. are willing to pay extra for integrating smart home technology.   

Homeowners Across the World Deriving Several Benefits from Home Automation

1. Automated Home Security Devices to Witness Increasing Demand

Smart cameras, smart doorbells, locks, and others devices are a few examples of home automation devices in-built with home security systems. All these gadgets are designed to prevent home break ins or burglaries. These gadgets can be controlled at the fingertips anytime and anywhere. For instance, Honeywell International Inc. recently launched a new Lyric™ Security and Home Control platform. It helps users to control their home automation systems and security wirelessly. Another company called ADT launched a new home automation system in 2019 for the safety and security of their customers. Enhanced safety and sensors, technically advanced smart security, and other features are offered by this system.

2. Peace of Mind Comes with Home Automation Systems Now

Users don’t have to worry about their house or items, thanks to smart home products assuring the safety. Several companies are launching remotely controllable home appliances to ensure better convenience and ease of use to consumers. For instance,  ahome automation company called Silux Control offers technology to enable users control appliances using smart phone from anywhere and anytime. The products of Silux Control ensure affordability, best quality, and availability.

3. Daikin One Introduces Home Automation to Ensure Comfortable Stay for Users

The home automation technology is witnessing rapid updates to offer improved system control and comfort. For instance, talking about temperature, thermostats help in controlling the temperature of house through smart phones. It offers significant savings in terms of cost, time, and energy efficiency. Several energy companies offer thermostats that can be controlled within or outside the home by the homeowner.

Daikin recently introduced a smart thermostat called Daikin One+, an intelligent home air management controller. These smart thermostats enable users to adjust temperature as per different zones in the house. This is mainly done to keep residents comfortable when they are in the home. Researchers say that this is different from other thermostats introduced so far. In case of a contaminant evet, Daikin One+ thermostat communicates with the Heating, Ventilation, and Air Conditioning system (HVAC) to help remove any impurities. 

Integration of Home Automation Systems Can Help Users Build a Movie-Like Futuristic Home

Smart home devices such as Alexa, intelligent oven, and automated garage can make user’s life easier. One can simplify their household chores by just using their voice or a touch on a smartphone. Moreover, home automation products help the users to become a part of the tech-savvy world of convenience. Rapid evolution of artificial intelligence and IoT  is bolstering demand for home automation solutions across the world. Despite the above benefits, it could still take some time to convince people of how great home automation can be. Although people want to enjoy the perks of home automation, but they feel uncertain and unclear regarding the benefits that home automation will offer.

Author - Deepu Bhatt

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