UK home automation market grew 14% in 2018

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UK home automation market grew 14% in 2018

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Still considered to be in the early, high development growth stage, the UK home automation market has doubled in size between 2014 and 2018 according to a report recently published by AMA Research.
A key reason for continued high rates of growth is the expansion of market from one dominated by sophisticated systems almost exclusively sold in the higher level of the residential sector to a broader, more mainstream market.
This crossover to the mainstream is a key development that is changing the structure of the market with a large variety of middle and basic entry level products having been made available at competitive prices.
The market has also benefited from the development of modular systems that allow for expansion of existing systems to additional rooms or products.
Technological innovation remains a key driver for market growth evidenced by the further development of wireless controls, Wi-Fi hub based systems and the development of more devices that operate across protocols.
Remote operation via mobile phones and tablets has meant that consumer is increasingly able to control all aspects of the connected home whilst at home, at work, or whilst travelling – an aspect that has continued to underline the “ease of use” aspect of home automation.
“Cost savings from home automation such as energy savings are another important factor influencing uptake” comments Jane Tarver, senior market research analyst at AMA Research.
However, the one factor potentially limiting the further spread of home automation system is the number of protocols currently being used in the market.
Medium-term prospects for home automation remain positive with the potential of up to 50% value growth currently forecast to 2023, with mid-basic entry level systems offering significant growth prospects but closely followed by smart heating controls.
The retrofit market is also likely to benefit from further developments in wireless controls

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