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Massive Growth Opportunities in Smart Home Industry | Latest Study 2019
Smart Home
The smart home industry is expected to reach USD 55.7 billion by 2025, from USD 25.3 billion in 2017 growing at a CAGR of 16.8% during the forecast period of 2018 to 2025.
Comprehensive Analysis Is Available At https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-smart-home-market
This report defines the market trends and forecast the upcoming opportunities and threats of the smart home market in the next 8 years. A smart home is incorporated with advanced automated systems and technology so that individual can distantly govern and mechanize household appliances. It is more than just remote controls and fancy gadgets, smart home controls lighting, temperature, multi-media, security, thermostats, entertainment systems, window and door operations. Smart home integrates multiple sub-systems which are all controlled by a master home automation controller. Apart from the technology, smart homes help to reduce energy consumption at the same time. Various developments takes place in the field of smart home market for instance in January 2018 GRDF company launched the smart gas meters, the world’s biggest roll-out motorized by Oracle which serves 90% of the French gas market by delivering smart metering services to 11 million customers.
Some of the major companies are Siemens, GE, Schneider Electric, Honeywell, SAMSUNG, ABB, Nest, Lutron Electronics, Johnson Controls, and so on.
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