The Idea of Home Automation has taken the urban country by storm. Something that was considered a luxury has now transitioned to being a necessity. With the world searching for alternatives to safety and security with the pandemic in play, home automation proved as a savior for many urban homes.
As per Market research, the Indian home automation market size is expected to grow from $1.79 Mn in 2018 to $13.5 Bn by 2026. While this figures look promising, it raises a question, what could drive this exponential growth expected?
The answer is as expected. The past few years have caused the urban family to worry on safety, security and obviously a need of comfort. With an increase in disposable income, an array of availability of products, time constraints, increase in knowledge about the offerings, promotion of energy conservation and curbing environmental impacts which otherwise was a huge point of concern for the world, Home Automation checked all these boxes and welcomed itself in the homes of the Indian Urban Market!
Home automation has seen a 360-degree development from offering smart vacuum cleaners, AI driven washing machines to Smart and Secure Homes catering to smart lighting, fans, curtains, and a plethora of home products that was once just a dream!
Google Assistant, Alexa and Siri have played a vital role in the astounding growth and acceptance of this vertical. WHile the developments in this arena are endless and continuous, experts that the implementation of 5G technology will add to a level of security much higher than our than the current prerequisites that smart homes provide due to increased encryption.
Home automation will therefore not only help us attain a sustainable future where we would be minimizing the use of energy but also strengthen our comforts and cater to the safety, security, and status of Indian Urban Homes!