Global Smart Home Water Sensor and Controller Market 2018-2022| Launch of New Products with Innovative Features to Boost Growth| Technavio
LONDON--(BUSINESS WIRE)--Jun 13, 2018-- analysts forecast the global smart home water sensor and controller market to post a CAGR of close to 5% during the forecast period, according to their latest market research report.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180613005986/en/
Technavio has published a new market research report on the global smart home water sensor and controller market from 2018-2022. (Graphic: Business Wire)
The increasing adoption of smart water controllers to track the total household consumption of water is one of the major trends being witnessed in the . Developments in smart home water sensor and controller technology and compatibility with IoT and big data technology have led to the increased adoption of smart home water sensors and controllers. These detectors are battery operated and can monitor the quality and amount of water consumed during a stipulated period.
In this report, according to Technavio analysts, one of the key factors contributing to the growth of the smart home water sensor and controller market is the launch of new products with innovative features:
Global smart home water sensor and controller market: Launch of new products with innovative features
The increasing need for equipment to reduce the wastage of water across the globe had motivated vendors to introduce smart home water sensors and controllers equipped with advanced features such as easy setup, alarm system, personalization, Wi-Fi direct connect etc. For instance, Honeywell’s Lyric Wi-Fi Water Leak and Freeze detector is easy to set up and does not require a smart home hub to operate. Similarly, Samsung’s SmartThings ADT Water Leak detector is easy to set up and allows personalization.
According to a senior analyst at Technavio, “The increased innovation and introduction of advanced water sensors and controllers in the market is driving the demand for and adoption of these appliances across the globe. Smart home water sensors and controllers are likely to be installed in most of the upcoming residential infrastructure.”
Global smart home water sensor and controller market: Market segmentation and analysis
This market research report segments the global smart home water sensor and controller market by technology (Wi-Fi and others), and geography (APAC, the Americas, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The Wi-Fi segment accounted for more than 52% of the total revenue of the market in 2017. These smart home sensors and controllers are categorized under the premium price range. These controllers are easy to install and have features such as direct connectivity with users’ smartphones.
In 2017, the Americas accounted for a major share in the global smart home water sensor and controller market, followed by EMEA and APAC. However, the region is expected to witness a small decline during the forecast period, while EMEA and APAC are expected to witness a small increase in their market shares.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket sizing Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at .
View source version on businesswire.com:https://www.businesswire.com/news/home/20180613005986/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: TECHNOLOGY ONLINE RETAIL OTHER TECHNOLOGY HOME GOODS RETAIL FOOD/BEVERAGE OTHER RETAIL
SOURCE: Technavio Research
Copyright Business Wire 2018.
PUB: 06/13/2018 01:04 PM/DISC: 06/13/2018 01:04 PM