With the improvement of science and technology and people’s living standards, more and more people began to pursue a high-quality living environment, and the emergence of smart homes naturally complies with the demand. Society is progressing, and science and technology are developing. We cannot deny that “change” is an inevitable thing, and a smart home is also one of the few ways to change human life.
Smart home devices are gaining popularity as they increasingly save users the time they spend searching for things like remote controls or turning lights on and off, making everyday tasks more convenient and easy. As Wi-Fi capabilities become commonplace in every home, gadgets that meet every customer’s needs have become easier.
Most connected home products are highly compatible with Amazon Alexa and Google Assistant. Apple (News – Alert) HomeKit-enabled gadgets feature the Siri voice assistant, all of which allow users to easily turn connected devices on and off, control their functions, and more. Many smart home devices come with companion apps to set up and adjust their controls, and in order to link them with Google (News – Alert) Assistant or Amazon Alexa, users need to complete the process through the app. Smart appliances are all the rage right now—from indoor cameras that give users more security and allow them to check when they’re away from home, to smart plugs that let them quickly turn anything from lights to TVs on and off without moving a muscle.
Global sales of smart home devices have grown substantially since the outbreak of the pandemic, and show no signs of slowing down, as consumers look to mundane daily chores to reduce energy consumption and improve safety and automation to ease the stress of working from home.
Over the last few years, innovations and advancements in technologies have made smart home tech a lot more affordable and rising levels of disposable income have enabled many users to their homes into smart homes. According to Emergen Research, the global smart home market valuation is expected to reach USD 184.10 Billion in 2028 and register a CAGR of 11.9% during the forecast period.
So what impact do smart homes have on our lives?
1. Practical and convenient
A smart home is a technologically intelligent product closely related to people’s daily life. A smart home is intended to serve our lives and bring comfort and convenience to our lives. With the development of new technologies such as the Internet of Things, cloud computing, and wireless communication, smart homes have developed rapidly, making people’s lives more convenient. Smart homes allow users to use smartphones to control their devices at home and realize functions such as remote control, scene control, linkage control, and timing control.
2. High-level security
The importance of home security to a family is self-evident, so security has become the most popular factor in smart homes. In terms of security protection, traditional homes are difficult to compare with smart homes. Traditional homes that rely solely on doors and windows, locks, and community monitoring for home protection are increasingly unable to meet the needs of modern people for security, while smart home security systems can provide three-dimensional protection on the original basis, helping users to guard the house at all times.
3. Energy saving, emission reduction, and environmental protection
Smart home products have many positive effects on energy conservation and emission reduction. For example, the smart home lighting system makes full use of the lighting effect of natural light, automatically adjusts the brightness of lamps, and minimizes energy consumption while ensuring indoor brightness. When people come, the lights are turned on and people go out the lights will be turned off, which on the one hand facilitates the user’s daily life, and on the other hand, prevents users from forgetting to turn off the lights in time and causing energy waste.
With the rapid development of information technology and the increase in the number of smart homes, the global smart homes consumption market coruscates great vitality. Global smart home spending, including consumption of devices, systems, and services, totaled nearly $132 billion in 2021 and is expected to grow to $143 billion in 2022.
According to CouponBirds’ research: as the first country to enter the global smart home market, about 32% of American households are equipped with home automation systems, and the number of users is expected to reach 53.1% by 2022.
Now major players in the smart home market are Honeywell (News – Alert) (US), Siemens (Germany), Johnson Controls (Ireland), Schneider Electric (France), ASSA ABLOY (Sweden), Amazon (US), and Apple (US). Other industrial companies are also launching advanced home solutions, which will help the market grow even further. These cutting-edge technologies are targeted at enhancing comfort, energy efficiency, and security.
A report by Fortune Business Insights shows driven by strong economic growth, population growth, and rapid urbanization, the overall smart home market in the Asia Pacific region has high growth potential. And Fortune Business Insights predicts that the Asia-Pacific region will grow at the highest cagR through 2028; North America will have the largest market share.
Home automation helps a lot of people save time. 57% of Americans who regularly use smart products say it saves about 30 minutes a day. Daily chores have the potential to take up your important work time, and a smart home makes life easy! Think about all the chores, homeowners are overwhelmed with chores every day, tethered to their homes, and unable to complete important work. Technology relieves household responsibilities by allowing remote access, and smart homes can also save about 20 percent of home heating and cooling bills.
Smart homes are undoubtedly a technology for young people, most of the devices are used by people aged 25-34. More homes are expected to have smart technology in the future. 81% of U.S. homebuyers say a home that already has a home automation system installed will be more attractive. Investing in smart technology can increase the overall value of your home, and as a potential seller, knowing that buyers are willing to pay for a home that currently has a home automation system installed is a good investment for you. Home automation has environmental, money-saving, and safety attributes, and can increase the value of your home across the board.
The development of science and technology has made the threshold for the use of intelligent technology lower and lower. Now, smart homes are gradually entering the homes of ordinary people. The innovation of smart home technology has kept the cost of smart homes falling. Therefore, more and more ordinary people are beginning to enjoy the convenience brought by smart home technology.