Market Insights report
There are two major reasons for customers to purchase Smart Home Energy Management report: energy and cost savings and additional comfort. The products from this market include: thermostats, radiator controllers, sensors and AC-controllers. The worldwide revenue of US$8.8 billion in 2023 is expected to increase to US$16.3 billion by 2029.
What's included?
The report covers the Smart Home market Energy Management which includes the sale of products and services for the control and reduction of energy consumption (e.g. automated heating control and timers) as well as connected sensors (e.g. temperature, sunlight, and precipitation sensors). Networked light bulbs (see Comfort and Lighting) and smart sockets/plugs (see Control and Connectivity) are not included. Unlike in previous releases, smart plugs are no longer part of this segment but can now be found in the Control and Connectivity segment. Smart Meters are not part of our Smart Home market.
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