The home automation has been measured as a business
of rich individual dew years back and it was all accurate as the price of
automation was not at all suitable to the pockets of large populace in the
region. Whereas, the Asia Pacific Smart
Homes technology has been observing incredible growth in terms of value as
well as volume. Additionally, even for the individual who could have
effortlessly afforded the automation solutions, acceptance ratio was
insignificant. The condition has crooked across completely and over the recent
last years, a development of automation is taking place in the economy. Along
the augmenting requirement of comfort and ease along with increasing disposable
incomes of individual living in the metro cities, the market for the smart
homes have been on the increasing path.
According to the report analysis, ‘Asia-Pacific Smart Homes Technology Market: Insights
and Forecast, 2018-2024: Emphasis on Application (Safety and Security, Smart
Appliances, Heating Ventilating, Air Conditioning (HVAC), Home Entertainment,
Smart Lighting Systems, Smart Energy Management), Technology (Wireless and
Wired Smart Home Technology), End-Users (Residential and Commercials End-Users)’
states that in the Asia Pacific smart homes technology market there are several
potential players which recently functioning more effectively for leading the
fastest market growth and registering the handsome amount of market share more
positively during the forecasted period while increasing the consciousness
among the customers, growing penetration of the smartphones, increasing the
disposable incomes and urbanization, augmenting the requirement for the smart
home energy management system and advancement of the inter connectivity across
the platforms and devices includes Haier Electronics, ABB Limited, ASSA ABLOY,
Cisco Systems, Inc., Emerson Electric Co, General Electric Company, Samsung
Electronics Ltd, IBM Corporation, LG Electronics Inc., Schneider Electric S.E.,
Siemens AG and United Technologies Corporation and several others.
In terms of revenue, the smart home technology in
Asia Pacific region has dominated an amazing growth with positive CAGR during
the reviewed period of 2018-2024. The smart home technology market in Asia
Pacific economy has observed an overall increase in the smart homes penetration
as well as smart devices acceptance in last few years. The foremost drivers involved
the effective rise in the number of smartphones, augmenting awareness among
customers, rising need for the smart home energy management system and rigorous
government regulations on energy consumption along with inflammation aging populace
and smart cities initiative undertaken in several regions.
In addition, China grosses the upper hand in the
technological market. Augmenting the requirement for smart devices, widespread penetration
of smartphone & internet, and strong manufacturing base and increasing awareness
along with government initiatives such as smart cities mission has supported the
region to account the smart home market in the present scenario followed by
Japan and India during the reviewed period.
Sideway on the basis of application, the Smart home technology
markets in Asia Pacific fetched thoroughgoing the revenues from smart
appliances on register of maturing IoT and augmenting the utilization of electric
appliances. Nonetheless, the energy management segment is estimated to present
the overwhelming growth in years to come owing to increasing the smart cities
initiatives been undertaken in numerous economies. Therefore, in the coming
years, it is estimated that the Asia Pacific Smart Homes Technology Market will
increase more positively over the coming decades.
For more
information on the research report, refer to below link:-
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
