China Smart Home Market will be US$ 37 Billion by 2025

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furniture

Summary

China smart home market is growing due to factors such as the high internet penetration rate, growth in the awareness of fitness and healthy lifestyles owning to the high disposable income in Chinese middle-class population

Press Release

According to Renub Research market research report titled “China Smart Home Market, Numbers, and Penetration by (Energy Management, Comfort and Lighting, Home Entertainment, Control and Connectivity, Security and Smart Appliances) Company Analysis” China Smart Home Market will be US$ 37 Billion by 2025. With the introduction of favorable policies and the Internet of things, China smart home will get a lot of strength.

These are some reason that will take China Smart Home Market far ahead; Rapid growth of smart phones and smart gadgets in China, Giving importance to smart home in 12th Five Year Plan, A good initiative of the government regarding urbanization, the rapid growth of urban population in China, Big companies in China are working on a smart home project, Public-private partnerships and large corporate investments will take China smart home far ahead, Internet penetration increased rapidly, Rapidly increasing disposable income of middle class population in China, Increased awareness of public towards carbon emission and energy efficient products. Safety, security and convenience are the three core reasons which will take China smart home forward in forecast period.

In the smart home, we can control appliances and devices by smart phone applications and web portals that are connected to the internet. Smart home comes with many things like lighting control system, security system, entertainment system, home appliances and more. After the popularity of smart phones, people are trending on smart devices and smart systems to make their lives comfortable and better.

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Market Summary:

By Product Category: In this report, Smart Home Market is divided into 6 parts on product category basis, including Control and Connectivity System, Comfort and Lighting, Home Entertainment, Smart Appliances, Energy Management and Security. Apart from the market, information about Household Penetration and number has also mentioned in this report.

By Companies: In this report, we have demonstrated the market dynamics and competitive landscape in much better way. A total of 9 companies are included in this report, which makes Smart Home related products. In addition, funding has been talked about, recent development has been talked about, China Smart City pilot project has been discussed in the report, financing has been talked about, and standard government role has been covered in the report.

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