BSRIA Forecasts Smart Home/Light Commercial Market to Grow by 20 Percent
The total global market will be worth $29.8 billion by 2021
The Building Services Research and Information Association (BSRIA) is forecasting a total global growth of 20 percent in the smart home/light commercial market in 2017, with the largest growth being predicted for the UK market with a growth rate of 29 percent. The new study published in January 2017 segments the market into stand-alone products and whole home products; it also analyzes the value of system integration (value add) and service and maintenance.
The total value of the global market is forecast to be $15.8 billion in 2017; the U.S. market remains the largest single market forecast at 29 percent of the total market value. Despite the maturity of the U.S. market, the growth forecast is expected to be in line with the global increase in value of 20 percent, with stand-alone products being the segment showing the largest growth at 27 percent.