Smart Homes Market - Forecast(2020 - 2025)
Smart Homes Market Overview: Expanding human population is inversely proportional to the amount of natural resources present on earth. The world’s non-renewable energy resources are depleting, while demand for power is increasing. As per United States Energy Information Administration, global energy requirement is expected to rise by 28% by the year 2040. This statistic is alarming in accordance with the ever-increasing human population that is consuming energy at an extraordinary rate owing to technological advancement. In a region like Asia where automotive and electronics industries have taken center stage, countries including India and China account for more than 60% of the expected 28% increase in global energy requirement. Smart technological systems, thus, have become the need of the hour. Key players in the renewable resources market, and government officials around the world have exhorted all kinds of industries to come up with sustainable technological systems that conse...