Smart Home. Monday , July 23rd , 2018 - 10:11:17 AM
The global market for smart home automation is anticipated to witness impressive growth in the forthcoming years. Remote control living and high demand for automation will remain the major baits for the users opting for the advanced products available in the market. Rising disposable income and awareness regarding the innovations taking place in the world of technology can create major business opportunities for the top market players like Honeywell International Inc.; Lutron Electronics Co., Inc.; Legrand SA; Schneider Electric; and others. High demand for heating, ventilation, and air conditioning (HVAC) systems, smart kitchen, smart security, and energy management can propel the demand for the global market in near future.
Rising penetration of internet of things is one of the major factors responsible for the innovations taking place in smart home automation technology. Arrival of smart thermostat technologies such as Z-Wave, C-Bus, ZigBee, KNX, EnOcean, and others has simplified the adoption and implementation of wireless technology. This technology plays a crucial role in the insanely increasing popularity of home automation. Major companies in the market are keen in investing heavily in research and development along with business collaborations. Growing demand for home entertainment, security, and energy management can be considered as a vital sign of growth for this industry.
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