India Smart Home Market Overview 2017-2022 – Research and Markets

18-Sep-2017 Intellasia | BusinessWire | 9:53 PM Print This Post

DUBLIN–(BUSINESS WIRE)–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/3thrhd/india_smart_home

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For
E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call
1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S.
Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related
Topics: Internet
of Things and M2M

 


Category: BusinessWire, PRAsia

Print This Post