The security control is the Biggest Feature Of Smart Homes Products. The increasing rate of home thefts and burglaries across APAC countries especially in India and China has driven the need for home security monitoring systems that can be facilitated with the help of security controls. However, majority of home owners are interested in features such as lighting and energy management. For better ambient lighting and energy saving features, lighting controls have emerged as being of prime importance in APAC smart homes with respect to mood lighting.
Smart homes industry is gaining interest among a majority of home owners, new home buyers and property developers, and housing industries across the APAC region. Wide range of products enabling energy conservation, energy management and evolved form of connected technology cause to make life secured, convenient and comfortable— are the key reasons that are drawing various private smart home products manufacturers, government and end users towards the smart homes concept.. Due to the growing middle class and rise in income of the middle class people in APAC region, it is expected that APAC region will grow at a relatively higher CAGR, due to the increasing construction activities and stable growth in housing industry in Asian countries such as China, India, Japan, South Korea, and others.
A huge opportunity lies in implementing the smart homes products in new homes as compared to retrofit homes. Also property developers and new home builders are expected to induct these smart homes products while offering to the new homeowners and property buyers so as to expect ROI on commercial perspective. This is expected to drive the APAC smart homes market to the summit. The companies in the field of manufacturing lighting and security products are expected to gain a significant market share in the days to come, while the entertainment control products would prove the focal tenacity of these products to broader the overall revenue of the APAC smart homes market. The APAC countries such as South Korea, India and China are the major geographic landscapes in the APAC smart homes market due to the significant spending on lighting control and entertainment control products for smart homes concept by the consumers in these regions.
APAC Smart Homes Market by Products (Security, Access, Lighting, Entertainment, Energy Management Systems, HVAC, Ballast & Battery Pack), Services (Installation & Repair, Renovation & Customization) & Country - Analysis & Forecast (2013 - 2020)
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