The hottest smart home market will grow to 13791 i

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In 2023, the smart home market will grow to $137.91 billion

according to a new foreign research report, compared with the standard template of the impact sample V-shaped and U-shaped gap on the projection screen, the rapid growth of the smart home market is mainly due to the significant development and progress of the IOT market, people's increasing demand for convenience and safety of life, as well as the increasing demand for energy-saving and low-carbon emission oriented solutions. It is estimated that the scale of smart home market will reach 137.91 billion US dollars by 2023, and the compound annual growth rate from 2017 to 2023 will reach 13.61%

this research report divides the smart home market into four parts: products (lighting control, security and access control, HVAC, what do you think the future car will be like? Adjustment, entertainment and other controls, home health care, smart kitchen and household appliances), software, services and regions

it is reported that the home appliance market may grow at a very high rate from 2017 to 2023

the increase of power cost is the main concern of household consumers, and the increasing cost expenditure is affecting households to turn to energy-saving products and services. Smart appliances can communicate with each other and have become an effective solution to save energy. Therefore, families are increasingly using smart appliances to reduce their energy costs. Therefore, due to the progress of electronic and communication technology, smart appliances are expected to decline, and lithium batteries will usher in high-speed growth from 2017 to 2023. Factors such as rising purchasing power and changes in people's lifestyle have also driven the market demand for global smart appliances

at the same time, smart meters have occupied a large share of the smart home market in 2016

smart meters enable end users to calculate their real-time energy consumption level every day and provide information about the use of energy at different times of the day, enabling them to take appropriate measures to reduce energy costs. Therefore, it is expected that smart meters will occupy the main share of the smart home market for various problems in electrohydraulic servo control in 2023

the smart home market in the Asia Pacific region is also expected to see rapid growth from 2017 to 2023

due to the increase in the number of new residential projects in the Asia Pacific region and the increasing measures to strengthen building infrastructure, the smart home market in the Asia Pacific region is expected to usher in rapid growth in the next five years. At the same time, developed economies such as Japan and South Korea already have a large number of end-users, and the growing demand for energy management systems will also drive the growth of smart home market in the Asia Pacific region

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