India is presently witnessing a digital boom and this trend is well likely to grow upwards in 2020 and beyond. This digital boom has fueled a new industry which is the buzzword all over India nowadays. Yes, I am talking about the Smart Home Automation Market in India 2020 Industry which is expected to be valued over INR 300 million.
Growth of Smart Home Automation Market in India 2020
Let’s dig a bit deeper. With phenomenal developments in home automation system all disconnected devices are now getting connected than ever before. These connected devices have formed an ecosystem that has now been extended to the home automation industry. Smart Internet of Things (IoT) enabled devices are now in use across many homes in India.
Smart home automation project has been the root for present day’s home automation devices, which over the years has led to the development of integrated smart homes. Today’s home automation consists mainly of four operational areas – Smart Lighting, Safety, Audio / Video and HVAC (Heating, Ventilation and Air Conditioning). Residential use is the highest on the market, accounting for almost 60% of the home automation industry.
Residential buyers account for almost 60% of India’s home automation industry (from which individual homes and cottages account for 75-80% of the market and builders account for about 20% of the market). This segment has the highest growth rate and is growing at a CAGR of 35-40%. The home automation market is highly fragmented, particularly in-home security systems.
Home appliances, entertainment and safety & access control products are among those categories with the highest demand in the smart home industry. Among other things, the demand for smart washing machines, refrigerators and home energy dashboards is expected to drive demand for smart home appliances on the smart home market.
Commercial spaces contribute to the home automation market by 30 percent. Security and access systems are largely driven by this segment. Also, in India, active building management systems are rapidly gaining prominence. In addition, the hospitality industry uses home automation and accounts for 10% of the market. In this field, security and lighting systems are common application segments as well.
But why do People need to use these Devices in India?
The answer is very simple. People want to lead a stress-free life and love to leave everything in the hands of smart home devices! So we can say that the benefits of smart home automation are:
- Save time so that people can focus on their core activities / have fun!
- Save energy by installing thermostat-controlled devices and smart LED lighting that switch on and off as programmed and help to save energy consumption,
- Easy home automation installation procedure
- Home Security Home Automation – IoT enabled devices offer a variety of security solutions like automatic locks, voice enabled doors, CCTV control and remote viewing, fire response and fighting systems.
- Motion Detection for Security: You won’t have to worry about theft or security with motion detection safety. Such protection includes detectors for interference, door alarms, etc., which alerts you of any kind of unusual activity at home.You would be informed if anyone tries to force open your doors or windows by using electronic sensors connected to the security application.
- Voice Automation – You can control (turn on/off) all your devices by voice commands.
- Temperature Control – Sets the temperature to a predefined temperature before you return
- IR Device Control – Control all your connected intelligent devices by a single
Are these Smart Home Automation devices affordable in India?
The answer is “Yes” and in 2020 use of such devices will grow amongst urban millennials youth in India who are scaling new heights in their career and earning more and more. Though the market is still dominated by traditional home buyers, these millennials of today are going to become potential homebuyers on whom the real estate market is reliant on. Further easy connectivity and security in this digital age, lures home buyers to consider smart homes as a good Return on Investment (RoI).
Therefore, smart home automation at affordable prices would be a welcome change in a country like India, where innovation and digitization are rapidly growing and available. The rapid development of affordable home wireless technology has further aided in this regard. Also cost-effective and comfortable goods have partly contributed to growth in the smart house automation industry, such as Smart TV, air conditioning, LED lighting, etc.
Do we need to install Wireless Technology to connect these Devices in India?
The rapid improvements in wireless technology using the Internet of Things (IoT) and advanced mobile technology has made automation more extensive than wired-based automation devices. Factors such as ease of use, instant access, availability and energy-efficient goods have led to a significant increase in the Smart Home Automation Market in India in 2020.
How will increased Mobile usage help in boosting the Smart Home Automation Market in India?
Improved mobile technology upgrades and availability for tablets, data packages and improved Wi-Fi access have bolstered the country’s smart home automation devices. All of the above factors contribute to the development of India’s home automation industry. People now recognize smart home technologies and products more widely.
Due to its numerous advantages, the sector is experiencing significant growth. For home automation at affordable prices, apart from the luxury market, homebuyers from different segments will continue to opt for smart home and its benefits. I foresee the industry as a whole to grow steadily in the face of these high growth figures.
A variety of technological developments can propel smart-home innovation far beyond today’s store shelves. Of example, artificial intelligence technologies stand up against almost everything in our lives, even our homes.
You may already use some sort of AI-powered voice-assistant gadget every morning to get the latest news or weather forecast. But in the future’s smart home, these AI platforms could serve as the brain for entire homes, learning about residents, and coordinating and automating all their different smart gadgets.
So, to conclude the Smart Home Automation Market in India in 2020 certainly looks very promising and in this website, I will discuss, review and showcase to you such amazing smart house automation products from Amazon.in.
Smart Home Automation FAQ
What is a Smart Home Automation System?
A smart home automation system is a technological solution that allows the majority of mechanical, electrical and technology-based activities to be completed within a household. This uses a combination of hardware and software technologies that allow control and management of appliances and devices within a household.
How does smart home automation work?
Home automation is a network of hardware, connectivity, and computer interfaces that operate through the Internet to connect everyday devices. -computer is fitted with sensors and connects via WiFi, allowing you to access them from your smartphone or tablet, whether you are at home or miles away
What is a smart device?
As the name suggests, a smart device is an electronic gadget capable of connecting, sharing and interacting with its user and other intelligent devices. While generally small in size, normally smart devices have a few gigabytes of computing power
What is the future of smart home automation?
India is presently witnessing a digital boom and this trend is well likely to grow upwards in 2020 and beyond. This digital boom has fueled a new industry which is the buzzword all over India nowadays. The Smart Home Automation Market industry in India in 2020 which is expected to be valued over INR 300 million.
What can I automate at home?
1. Automatic door locks
2. Smart Security cameras
3. Automatic blinds
4. Automatic heating and cooling
5. Automatic lights and many more !