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Balance, Optimize, Conserve: The New Energy-Efficient Constant for Smart Homes and Buildings
Ranking high for adopting intelligent home appliances and optimizing buildings, Europe dominates the global market with energy-efficient solutions.
FREMONT, CA: The hype of Artificial Intelligence (AI), Machine Learning (ML), deep learning, and other smart technologies have become a great deal to the global market while bringing revolutions to the standard of living. Pointing towards an efficient globe, the adopted concept of smart or high-tech homes and building are majorly in demand. With overall strategic planning and decisions, the market for intelligent tech devices like the Internet of Things (IoT) has crossed 22.5 million in numbers in Europe. Today, the continent globally represents 35 percent of market penetration, with the overall turnover generation of €13.3 billion in a couple of years. The European market sees drastic dropping in the price of sensors and processors, which leads to the prediction of generating opportunities worth €85 billion by the end of 2025.
Urban households increase the demand for automation and smart solutions to save energy and contribute to increasing efficiency. Free apps provide information about energy consumption and recommendations, which raise the level of awareness among the residents. The increasing importance of home monitoring in a remote location and need for energy-saving and low carbon emission are the major factors for the adoption of smart devices. The large numbers of manufacturers expand their smart homes production with advanced integration features and deliver safe, secure, and convenient home solutions while reducing the cost measures. The high-tech connectivity between machine to machine and smart home devices largely contributes energy management markets, encouraging the growth of the market for smart software and services in Europe. Highly controlled devices help the users in managing environment control system, electric energy consumptions, household appliances, and many more through a wireless network.
Robust economic growth is another factor for smart infrastructure and raising the demand for intelligent solutions. Modern technologies recognize the need and requirements of the global society, encouraging service providers to make better and faster decisions with immediate impacts. Manufactures put efforts on a strong machine-to-machine communication, which are highly essential for the efficient operations of smart buildings covering the facilities from lighting, air conditioning, and security. Many institutions and organizational structure are going through the transitional phase and actively becoming top players of energy systems by controlling, producing, storing, and consuming energy. Using smart technologies for household appliances from a smart meter, automated fridge, intelligent heating system, sensor-based switches to electric cars are significantly responsible for 80% energy consumption. High-efficiency technologies provide initiatives for the optimal combination of renewable energy sources and ensure connectivity.
The cost-effectiveness and higher productivity of the smart building and home maximize the growth in demand. Integrated system to a building effectively manages the modern facilities and IT systems, while enhancing the performance value. The centralized control system creates systematic processes and decreases overhead expenses. Implemented automation system lowers down the maintenance cost and increases the lifecycle of the building and home appliances. Improved and controlled lighting, quality airflow, augmented thermal comfort, tight security, and high sanitation facilities offer greater comfort level. European governments, industrialists and business owners are increasingly opting intelligent buildings for their organizations for taking advantages of the highly efficient facilities like integrated communications systems, network security, and safer working environment. With the overall satisfaction on customer experiences,
Europe stands high at the rate of technology adoption and industrial participants. European market generally bases on the country, component, network, and applications. Similarly, the smart home market is divided according to the different segment. Most importantly, the growing trend of intelligent housing and building efficiency support the existing European market to deliver optimized, balanced, and conservative projection to the future of energy consumption.