Smart Homes Market to Grow by 30% Yearly

In this era where you can do the chores on the click of a button, everything has become easier in its advanced virtual form. And so home technology is also smarter than ever. The ultra-rich who can afford a more convenient lifestyle with the help of technology prefer to live in a home that offers all such advantages. Smart Homes can comprehensively perform all functions of the house integrated to a common interface device which may be a laptop, tablet or even a smartphone. The demand for smart homes is rapidly rising in the market given the conveniently modern lifestyle they offer.

Smart Homes Market to Grow by 30 Percent Yearly

Smart Homes Market to Grow by 30 Percent Yearly

A survey was conducted by AZ Research Partners, Bangalore on behalf of Schneider Electrics India among the buyers as well as builders of premium residential complexes starting from 50 Lakh to 5 Crore and above. The research concluded that the smart homes market in India is going to double in revenue every three years. A year-on-year growth of 30% is expected in the market. The high level of awareness among the people of metros and upper-end segments of tier II cities has led to such tremendous growth in the sector. [Read more…]