28 Apr '18, 8pm

Energy efficiency could drive the smart home market to reach $125.9bn by 2025

A new report released by GMI Research, the global smart home market is forecast to reach US$125.9bn by 2025. According to the report, dubbed “Global Smart Home Market by Application and by Geography – Opportunities & Forecast 2016–2025”, the market in 2016 was valued at $48.7bn. The industry is set to expand at a compound annual growth rate (CAGR) of 11.1% during the review period. It is believed that the developments of technologies, such as IoT, and the influence of energy efficiency has led and will continue to lead the growth. SEE ALSO: Renault to transform Porto Santo into a “Smart Fossil Free Island” Avoid big problems with Big Data in four smart steps ABB to drive digitalisation in its Power Generation & Water division with Collaborative Operations Read the latest issue of Energy Digital here Home appliances are set to have the highest CAGR in the period, due to inc...

Full article: https://www.energydigital.com/sustainability/energy-effic...

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