India Smart Home Market, 2022: Residential Segment to Acquire More Than 60% of the Smart Home Market in India By 2021
DUBLIN, October 2, 2017 /PRNewswire/ --
The "India Smart Home Market Overview, 2017-2022" report has been added to Research and Markets' offering.
According to "India Smart Home Market Overview, 2017-2022", the smart home market in India has grown significantly in the last three years starting from 2014 to 2017.
The smart home market which consists of mainly three segments - Commercial, Hospitality and Residential - has seen a higher adoption ratio of automation in the hospitality sector. The reason is obvious that premium hotels need to provide sophisticated luxuries to their customers. Though the share of commercial segment is very less, it has registered highest growth in the last few years. The residential market on other hand is moving in the upward direction with a standard pace.
The other good thing that has happened to the market is the introduction of retrofit automation solutions. Previously, the major drawback for the residential segment was the high price of automation solutions which have now drastically come down with retrofit solutions being available at a price at as low as Rs. 3600.
The Smart Home market in India has been witnessing tremendous growth in terms of value as well as volume. Home automation has been considered as a business of rich people few years back and it was all true as the cost of automation was not at all suitable to the pockets of large population in the country. However, even for the people who could have easily afforded the automation solutions, adoption ratio was negligible.
The situation has turned around completely and over the last few years, a trend of automation is taking place in the country. With the increasing need of comfort and ease along with rising disposable incomes of people living in metro cities, the market for smart homes have been on the growing path.
Key Topics Covered:
1. Report Scope and Definition
2. Executive Summary
3. India Smart Home Market Outlook
4. India Organized Smart Home Market
5. Company Profiles
- Control4 India Private Limited
- Crestron Electronics India Limited
- Lutron GL Sales & Service Private Limited
- Legrand India Private Limited
- Inoho Electronics Private Limited
For more information about this report visit https://www.researchandmarkets.com/research/xn8wds/india_smart_home
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