In the modern world we all are getting very dependent over technology. We are growing very swiftly in the digital world today. Now even homes are smarter by use of technology advancement which give us safety, security, automation, and many other crucial benefits in our day to day life. Smart homes concept is picking up attention even in some parts of sub-urban and rural areas in India.
In this digital era, we are dependent on technology for every aspect of our everyday life. At the same time, we are also conscious of sustainable way of life, conserving resources with the help of technology. Talking of efficiency and convenience, in future we would be completely reliant on technological innovations. Currently Smart homes market pertains to luxury projects, very soon it will become a requirement in all categories of housing. According to a recent Statista report, revenue in India for the Smart Home market is pegged at US$870m and the average revenue per installed Smart Home is US$97.59.Some of the main advantages of smart homes are safety and security, reduced manual intervention, convenience at the tap of a button, connectivity and accessibility. Considering the Internet of Things (IoT), every technology under home automation will make life easier, help in better time management, planning and efficient use of resources
Initially, in the Indian market smart homes catered to the luxury homebuyers. Owing to the price factor, the benefits were majorly limited to the high end market. But, with increased internet penetration, smart homes concept is picking up attention even in some parts of sub-urban and rural areas. In cities, with a lot of tech savvy crowd and IT/ITeS employees, smart homes market is gaining traction at a promising rate.
Since, today’s generations will become future homebuyers, realty market is dependent on digital upgrade for the technology savvy generation. As discussed earlier, in this digital age, easy connectivity and security lures the home buyers to consider smart homes as a worthy investment. Moreover, the tech savvy consumers are well-aware of surplus benefits and prefer minimum of two smart features in their homes. Eg. Digital Main Door access, light and fan control. Understanding the consumer preference, companies need to slowly implement such digital advances to adapt to the change and be future ready.
Our educated youth migrate to the urban areas in search of jobs and ultimately settle in the cities or urban work areas. This buyer segment with the desire to own a house in sync with the current trend aspires for Smart homes or homes that are adept to evolving technologies. In a country like India, where technology and digitalization is fast growing and accessible, home automation at affordable pricing would be a welcoming move. At present, apart from smart light/fan controls, other features gaining popularity among home buyers are security systems including CCTV, fire response and fighting systems and water management systems. With technological advancements this trend will rapidly evolve and many more smart features would gain demand among the end users.
The sector is witnessing prominent growth due to its various advantages. Apart from luxury segment, with home automation provided at affordable prices, homebuyers from various segments will begin opting for smart home and its benefits. Statista report also predicts Indian smart home market to hit 7.2% by 2022. In the wake of these positive numbers, I expect the overall industry to grow steadily in the future.
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WRETRO is a cutting edge home automation system. With just a click on the RF remote control / Smart Phone or through your voice commands, you can control your home from any corner and even anywhere outside.
It is great to be associated with SMART HOME EXPO which will bring all the products related to Smart Homes under one roof. We look forward to a great event and welcome our buyers, architects, system integrators and dealers to witness the future of Smart Living.
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We are looking forward to a great event, SMART HOME EXPO combines all the products related to Smart Home under one roof to witness the future of Smart Living and provide an overall experience to Architects, Interior Designers, System Integrators and Channel Partners.
Smart home expo is first of it's kind Exhibition focusing on home automation & smart home technology , the event has managed to get the attention of entire Architect & design community , we should have more and more such events in India.
Smart home expo has been a massive success in terms of visitors turnout , focused b2b home automation visitors.
We had not expected that Smart Home Expo will be so successful , control 4 would be happy to participate in a bigger way in Bangalore edition .
Smart Home Expo has exceeded the expectations , we had a very successful event and the show will only grow from here.
It was super exciting to host electrifying discussion at 1st Edition of Smar Home Expo with 100% attendance! Thanks to Smart Home Expo for organising a super event and the expert hashtagpanelists for sharing such a wealth of information.
I really enjoyed the panel discussion here at Smart Home Expo , This is a platform to bring the experts from smart home technology , design , real estate together .we should have more such events .
This expo has been organised at very very critical time when consumers are just warming up to the concept of having the Smart Homes .Smart Home Expo is very useful for Architects & Designers to understand the new home automation solutions which are there in the market.
Smart home expo has been a great event to get exposure to the latest smart home solutions for real estate developers , I wish the organizer a big congratulations for such a grand launch.
Smart Home Expo is a great initiative by World Media and Expo for Indian Smart Home Industry , as a real estate developer I am super excited to see the various solutions for connected & smart homes . We have witnessed a World class event in last two days , i wish all the best for future editions.
Indian Society of Lighting Engineers is pleased to associate with Smart Home Expo. This event will help to unveil the latest technology in lighting segment and smart home category.