Energy saving to drive forward home automation market, study forecasts
The global home automation market is likely to expand at a rate of 6.8% between 2018 and 2026, with energy efficiency being one of the main factors driving the sector forward, a recent report from Transparency Market Research forecasts.
And the need for improved energy efficiency is likely to represent one of the main factors driving the adoption of home automation solutions, alongside enhanced security, convenience, and affordability, the research can reveal.
The market is also likely to be influenced by factors such as the augmented use of smartphone-controlled applications, which are used in the supervision of home appliances from a distant location.
These technological solutions considerably improve the quality of life for their users. Smart home solutions make an offering of safe and secure surroundings for them and provide them with a sense of security, thereby offering a significant scope of growth for the global home automation market over the assessment tenure, from 2018 to 2026.
Furthermore, various governments are making efforts in the encouraging and implementation of home automation solutions, thereby influencing the growth of the global home automation market.
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Building Energy Management Systems are capable of delivering extensive monitoring and control options, compared to basic controls. They typically employ data from a variety of sources (boiler flow and return sensors, internal and external temperature sensors, occupancy sensors, humidity sensors, etc.), and enable the perfect optimization of a building’s boiler-based central heating system.
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