China Smart Homes Market is growing with double digit CAGR of 44.30 percent

  • 7 years ago
Home automation or Smart homes began to rise in recognition in the early 2000s, due to the evolution in technologies. Smart homes unexpectedly became a more affordable option, and therefore a feasible technology for payers. Home networking, Domestic technologies, and other gadgets began to emerge on store shelves.

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In the current scenario, smart homes are more about security and living greener. The idea of Smart homes has been getting a huge amount of recognition in current years. One of the best examples of Smart homes concept is Bill Gates Xanadu 2.0. Reports are to be believed that Bill Gates has a favourite old Maple tree which is being monitored 24/7 by computer without any human intrusion.

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Renub Research predicts that China Smart Homes Market will grow with double digit CAGR of 44.30 percent during the forecast period 2017-2024. Smart homes market in China has great reasons to rise as it has all emergent required factors like growing middle and upper class population, government support policy for IoT, high internet penetration rate, large number of internet users and hefty local manufactures which help to boost uses of smart home devices in lower and middle income segments.
The smart home control interface is user friendly. It also works on wall-mounted touch screen panel, iPad, iPhone, or a usual wall-mounted keypad. The smart-home system allows people to predetermine and calls up their preference scenes by touching one button.

Interactivity and Connectivity are driving the way families manage their homes as well as livelihood. So, if someone wants to out due to social activities, business, and children’s school schedules, the new improved smart system offers cutting edge connectivity to the household, even when someone is far away from homes. At the same time, when the smart home is in use, it offers higher level of automation, enables better control, safety and more convenience compared to traditional home.