The market for smart homes in UAE is growing in response to increasing awareness about automation technology. The market is dominated by the home energy management system segment, driven by high HVAC system prices and falling real estate prices in the country. Meanwhile, the physical security system segment is primarily driven by decreasing physical security costs and the expected growth of villa construction. In the near future, the market for smart homes is expected to reach 726 million U.S. dollars.
Increasing construction of villas in the UAE has driven the market growth for smart homes in UAE. The smart home market in the UAE is projected to expand at 14.8% CAGR during the forecast period. The two Emirates that account for the largest revenue share in the overall market are Abu Dhabi and Al-Ain. Dubai is expected to witness the highest growth rate during the forecast period, thanks to government initiatives to make the country a smart city.
In addition to enabling home control, smart home automation systems can also monitor air conditioning, lighting, televisions, and video and audio systems. Furthermore, these systems can be remotely controlled via mobile apps available on iOS and Android. The smart home automation systems also have the capacity to measure energy consumption and can help cut down on energy costs. Through the internet of things, smart home Dubai is becoming more popular as it enables owners to control their homes remotely from anywhere.
The Smart Citizens’ vision is to make the Smart Home UAE the leader in smart solutions, a market that attracts large numbers of foreign investors. The smart home technology is now available in many countries around the world, but the UAE market has been experiencing slow growth since 2013. The market has been in decline for a number of years, and the growth rate of the sector was relatively low in the last couple of years. Aside from the’smart home’ in the UAE, the GCC region has a significant demand for smart home technologies.
In the GCC, the market for smart home technology is growing rapidly. It enables homeowners to automate almost every aspect of their home. The smart home system can monitor appliances and control lights remotely. The smart home system also allows homeowners to monitor the security system and control curtains remotely. It makes the home easier to maintain by reducing energy costs and improving energy efficiency. While it can be very expensive, smart homes in the UAE can provide convenience and peace of mind in their daily lives.
In the hospitality industry, the Smart Home has many benefits. It can help in reducing Electricity consumption by 50%. For example, smart home automation can be used to control heating and air conditioning. In the hospital sector, a home automation system can also manage gas valves and other electrical devices in the building. Moreover, the technology can manage house lights and door controls. It can be installed in any building, and it is possible to add more devices to the smart home to manage more functions.