Home Automation System Market Latest Technology, Emerging Technology, Historical Demands by Regional Forecast to 2027 | Impact of COVID-19
Market Analysis The home automation system market size will touch USD 85 billion at an 11% CAGR in the forecast period (2020- 2027), as per the latest Market Research Future (MRFR) report. Drivers Rise in Electricity Prices to Boost Market Growth The growth in electricity prices across the globe has increased the operating budget for house owners. The hospitality industries and residential buildings are major end users of the Home Automation Market . The rising prices of commodities like coal significantly improve the cost for generating electricity and in turn boost the end user electricity cost. The use of home automation helps end users to regulate their use, thus decreasing their electricity expenditure. It is the home automation control that offers economical use of electricity and further reduces the consumption of energy in HVAC systems, security, and energy consumption in lighting. This will boost market growth. Get Free Sample Report @ https...