The connected homes market is growing
Posted on 30th September 2020 at 13:51
The Connected Homes; State of the Market 2020 report says that over 7.5 million homes across Europe now have connected home energy devices. This figure is expected to grow by 13% in 2020.
What is a connected home?
Connected homes include climate controls, remote heating management, home energy management, and home automation products such as smart lighting.
Smart thermostats are the most popular purchases, followed by connected lighting.
Three leading countries – the UK, Germany and the Netherlands – account for 70% of all sales of connected home products.
In the UK and the Netherlands the majority of homes use gas boilers and the market for heating and energy is competitive, which is why smart thermostats are a popular choice.
With more of us working from home, easy ways to control our environment to create comfortable working conditions are becoming more important.
Future connected homes trends
Other European countries are catching up. Italy and Spain present big opportunities for connected air conditioning systems, for example. This is likely to be a big growth area as exceptional summer temperatures continue.
Innovations are being developed such as remote boiler diagnostics and suppliers are developing the concept of heat-as-a-service, working with more subscription-based approaches for connected homes.
There is interest in bundling energy, heating and repairs, which will make connectivity important to deliver a high standard of customer experience while keeping costs down.
Get in touch if you’re interested in energy saving options for your home.
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