European Home Automation Systems Market to Thrive as Subscription-based Business Models Ease Financial Pressures – PRNewswire

"The European Commission's renovation wave strategy is expected to boost demand for home automation systems because the focus is on modernizing buildings with energy efficiency and adopting digital measures to sustain economic recovery," said Anirudh Bhaskaran, Energy & Environment Senior Industry Analyst at Frost & Sullivan. "Consumer awareness of the need for energy efficiency and introduction of government grants for green and energy retrofit homes will also expand the overall home automation products marketlighting, indoor climate control, entertainment control, and window/shutter/blind controlover the next 5 to 7 years."

Bhaskaranadded: "Though a professional home automation system is seen as a luxury segment of the smart homes ecosystem, its attractiveness can be improved within the mainstream segment through value-added offerings. Additionally, with low prices, the do-it-yourself (DIY) smart home products pose a huge threat to professional home automation products. This encourages home automation systems market participants to acquire or partner with DIY mid-market players to help top-end participants thrive in the market by offering value-addition and competitive pricing."

To tap into the growth prospects exposed by the home automation systems market in Europe, participants need to focus on the following:

European Renovation Wave Strategy Drives Demand for Home Automation Systems (HAS) Market, 2027 is the latest addition to Frost & Sullivan's Energy & Environment research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion

European Renovation Wave Strategy Drives Demand for Home Automation Systems (HAS) Market, 2027

MFD8

Contact:Jaylon BrinkleyCorporate Communications E: [emailprotected]

http://ww2.frost.com

SOURCE Frost & Sullivan

http://www.frost.com

Visit link:

European Home Automation Systems Market to Thrive as Subscription-based Business Models Ease Financial Pressures - PRNewswire