The Smart Home market in India has been witnessing tremendous growth in terms of value as well as volume. Home automation has been considered as a business of rich people a few years back and it was all true as the cost of automation was not at all suitable to the pockets of large population in the country. However, even for the people who could have easily afforded the automation solutions, adoption ratio was negligible. The situation has turned around completely and over the last few years, a trend of automation is taking place in the country. With the increasing need for comfort and ease along with rising disposable incomes of people living in metro cities, the market for smart homes has been on the growth path.
According to "India Smart Home Market Outlook, 2021" the smart home market in India has grown significantly in the last three years starting from 2014 to 2017. The smart home market which consists of mainly three segments – Commercial, Hospitality and Residential – has seen a higher adoption ratio of automation in the hospitality sector. The reason is obvious that premium hotels need to provide sophisticated luxuries to their customers. Though the share of the commercial segment is very less, it has registered highest growth in the last few years. The residential market on other hand is moving in the upward direction with a standard pace. The other good thing that has happened to the market is the introduction of retrofit automation solutions. Previously, the major drawback for the residential segment was the high price of automation solutions which have now drastically come down with retrofit solutions being available at a price at as low as Rs. 3600.
Moreover, in the metro and tier-I cities, the new housing schemes are being developed with home automation systems enabled as per the customer’s requirement. Both the hospitality as well as the residential market for automation is likely to increase in the future. Control4, Crestron and Lutron GL are amongst the top manufacturers providing automation devices in India. The retrofit solutions are majorly being offered by the bunch of start-ups which have established in the last two years. Silvan Labs, Inoho and Pert are amongst the top automation startups in India. The residential smart home market is expected to grow robustly in the forecasted period, on a condition that awareness for the same should be brought amongst the citizens.
Key Segments
Key Categories
Report Methodology
The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of automation solution providers in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
Category: Technology Market Reports
Contact Details:
Aarkstore Enterprise
+91 7710006788 | contact@aarkstore.com | aarkstore.com
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| Home Automation Market in India |
According to "India Smart Home Market Outlook, 2021" the smart home market in India has grown significantly in the last three years starting from 2014 to 2017. The smart home market which consists of mainly three segments – Commercial, Hospitality and Residential – has seen a higher adoption ratio of automation in the hospitality sector. The reason is obvious that premium hotels need to provide sophisticated luxuries to their customers. Though the share of the commercial segment is very less, it has registered highest growth in the last few years. The residential market on other hand is moving in the upward direction with a standard pace. The other good thing that has happened to the market is the introduction of retrofit automation solutions. Previously, the major drawback for the residential segment was the high price of automation solutions which have now drastically come down with retrofit solutions being available at a price at as low as Rs. 3600.
Moreover, in the metro and tier-I cities, the new housing schemes are being developed with home automation systems enabled as per the customer’s requirement. Both the hospitality as well as the residential market for automation is likely to increase in the future. Control4, Crestron and Lutron GL are amongst the top manufacturers providing automation devices in India. The retrofit solutions are majorly being offered by the bunch of start-ups which have established in the last two years. Silvan Labs, Inoho and Pert are amongst the top automation startups in India. The residential smart home market is expected to grow robustly in the forecasted period, on a condition that awareness for the same should be brought amongst the citizens.
Key Segments
- Residential Smart Home
- New/Entire Home Automation
- Retrofit Home Automation
- Hospitality Smart Home
- Hotel Exterior & Lobby Market
- Hotel Rooms
- Commercial Smart Home
Key Categories
- Lighting
- Blinds
- Hubs/Server
- Entertainment (Audio/Video)
- Security/Access
- Energy Management
- Others
Report Methodology
The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of automation solution providers in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
Category: Technology Market Reports
Contact Details:
Aarkstore Enterprise
+91 7710006788 | contact@aarkstore.com | aarkstore.com
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