Press release
India Smart Home Market Size, Share, Opportunities, Development, Leaders, Forecast, Outlook, 2021
According to recently published report of Bonafide Research, "India Smart Home Market Outlook, 2021", the smart home market is expected to grow with a CAGR of more than 25% over next three years. Currently, lighting automation and control category is at the top and expected to capture majority of the revenues in the coming years as well. Smart Home which was considered to be a costly affair in India has now seen a total turn around with the introduction of retrofit home automation solutions. The commercial segment, even though is not a major market for automation, has grown significantly in the last two years. The major adoption expected in this sector is of security & access control automation in the coming few years. Residential users have remained skeptical about adopting the automation in their homes due to the fact that their solutions are very costly. The growth or adoption which has happened in the past few years was majorly based upon the new entire home automation by the rich people who could have afforded it. However in future, the smart home market is expected to grow because of the retrofit home automation solutions. Major adoption in the residential segment currently has remained in the lighting and entertainment segments.
Report Link: https://www.bonafideresearch.com/product/170740021/India-Smart-Home-Market-Outlook,-2022
"The cost of smart home has drastically come down with the retrofit automation solutions. Many new startups have entered the market in the past 2 years and are providing the retrofit solutions at a price as low as INR 3360. With the increasing need of comfort and automation being available at such a low price, the residential segment is expected to adopt the retrofit home automation solutions in the metro cities as well as tier-2 and tier-3 cities." said Dhwipal Shah, Director with Bonafide Research
In recent times, many start-ups have been established in India for providing automation solutions and they all are mainly providing retrofit solutions being designed and manufactured by them only. The price of installing automation in a room has come down to as low as Rs. 8000 and such retrofit solutions are not costly for even the people from tier-2 and tier-3 cities. Moreover with the rising disposable incomes in India and the need for comfort and luxury, people are ready to shell the cost which in turn will make the market grow. This has provided a great opportunity for players and thus the market has seen more and more startups being established in the home automation field.
Geography: India
Base Year: 2016-17
Estimated Year: 2017-18, Forecast Year: 2021-22
Pages: 90, Figures: 40, Tables: 10
"India Smart Home Market Outlook, 2021” discusses the following aspects of smart homes in India:
How it will help solving your strategic decision making process??
The report gives an in-depth understanding of smart home market in India:
- India Smart Home Market Outlook
- India Smart Home Market Size & Forecast
- India Unorganized Smart Home Market Size & Forecast
- India Organized Smart Home Market Size & Forecast
- India Organized Smart Home Market Size & Forecast By Application
- India Organized Smart Home Market Segmental Analysis: By City, By Segment, By Technology
- India Residential Smart Home Market Size & Forecast
- India New Residential Lighting Market Size & Forecast
- India New Residential Blinds Market Size & Forecast
- India New Residential Hubs/Server Market Size & Forecast
- India New Residential Entertainment Market Size & Forecast
- India New Residential Security/Access Control Market Size & Forecast
- India New Residential Energy Management Market Size & Forecast
- India New Residential Others (Smart Sockets and Cabling) Market Size & Forecast
- India Retro Residential Lighting Market Size & Forecast
- India Retro Residential Hubs/Server Market Size & Forecast
- India Retro Residential Smart Sockets Market Size & Forecast
- India Retro Residential Energy Management Market Size & Forecast
- India Hospitality Smart Home Market Size & Forecast
- India Hotel Exterior & Lobby (Excluding Hotel Rooms) Market Size & Forecast
- India Hotel Lighting Market Size & Forecast
- India Hotel Blinds Market Size & Forecast
- India Hotel Central Controlling Unit Market Size & Forecast
- India Hotel Entertainment Market Size & Forecast
- India Hotel Security/Access Control Market Size & Forecast
- India Hotel Energy Management Market Size & Forecast
- India Hotel Cabling Market Size & Forecast
- India Hotel Rooms Lighting Market Size & Forecast
- India Hotel Rooms Blinds Market Size & Forecast
- India Hotel Rooms Energy Management Market Size & Forecast
- India Hotel Rooms Touch Screen Market Size & Forecast
- India Commercial Smart Home Market Size & Forecast
- India Commercial Lighting Market Size & Forecast
- India Commercial Blinds Market Size & Forecast
- India Commercial Central Switch Market Size & Forecast
- India Commercial Security/Access Control Market Size & Forecast
- India Commercial Energy Management Market Size & Forecast
- India Commercial Cabling Market Size & Forecast
- Key Vendors in this market space
Download Sample: https://www.bonafideresearch.com/download_page.php?product_code=170740021
Major companies operating in the smart home market of India are Control4 India Private Limited, Crestron Electronics India Limited, Lutron GL Sales & Service Private Limited, Legrand India Private Limited, Inoho Electronics Private Limited, Silvan Innovation Labs Private Limited, PERT Info-consulting Private Limited, RIOT Labz Private Limited and Home Brain IOT Service Private Limited.
This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
Bonafide Research is one of the fastest growing market research and consulting company. Our report store have collection of 30,000 premium research reports for variety of industrial verticals. We are expert in syndicated research reports & custom research solutions across the domains. We have been closely working with fortune 500 clients by helping them in tracking the constantly changing market scenario. Bonafide has continuously made efforts to evolve and enhance the report quality with each passing day. Our client base consists of BCG, Ernst & Young, PwC, Inflexion, Nestle, Crompton Greaves, SRF, CPF, Aramax, Stainhoff, Welspun, Blaupunkt, Brookfield, Lindt, Storck, GCPL, ITC, Microtek, Anchor, Hero Eco, LG Chem, Sojitz Corp., Sumitomo, FMC Corp., Lutron and many more.
Steven Thomas
Bonafide Research & Marketing Pvt. Ltd.
Address: T-13/A, IndiaBulls Mega Mall, Jetalpur Road, Vadodara
Phone: +91 265 6551309 / +91 7878231309
Email: sales@bonafideresearch.com
Linkedin: www.linkedin.com/company/bonafide-research/
Twitter: twitter.com/Bonafide_R
Facebook: www.facebook.com/bonafideresearch
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