Global Smart Home Water Sensor and Controller Market 2018-2022| Launch of New Products with Innovative Features to Boost Growth| Technavio

LONDON–(BUSINESS WIRE)–#ControllersTechnavio
analysts forecast the global smart home water sensor and controller
market to post a CAGR of close to 5% during the forecast period,
according to their latest market research report.


The increasing adoption of smart water controllers to track the total
household consumption of water is one of the major trends being
witnessed in the global
smart home water sensor and controller market 2018-2022
.
Developments in smart home water sensor and controller technology and
compatibility with IoT and big data technology have led to the increased
adoption of smart home water sensors and controllers. These detectors
are battery operated and can monitor the quality and amount of water
consumed during a stipulated period.

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In this report, according to Technavio analysts, one of the key factors
contributing to the growth of the smart home water sensor and controller
market is the launch of new products with innovative features:

Global smart home water sensor and controller
market: Launch of new products with innovative features

The increasing need for equipment to reduce the wastage of water across
the globe had motivated vendors to introduce smart home water sensors
and controllers equipped with advanced features such as easy setup,
alarm system, personalization, Wi-Fi direct connect etc. For instance,
Honeywell’s Lyric Wi-Fi Water Leak and Freeze detector is easy to set up
and does not require a smart home hub to operate. Similarly, Samsung’s
SmartThings ADT Water Leak detector is easy to set up and allows
personalization.

According to a senior analyst at Technavio, “The increased innovation
and introduction of advanced water sensors and controllers in the market
is driving the demand for and adoption of these appliances across the
globe. Smart home water sensors and controllers are likely to be
installed in most of the upcoming residential infrastructure.”

Global smart home water sensor and controller
market: Market segmentation and analysis

This market research report segments the global smart home water sensor
and controller market by technology (Wi-Fi and others), and geography
(APAC, the Americas, and EMEA). It provides an in-depth analysis of the
prominent factors influencing the market, including drivers,
opportunities, trends, and industry-specific challenges.

The Wi-Fi segment accounted for more than 52% of the total revenue of
the market in 2017. These smart home sensors and controllers are
categorized under the premium price range. These controllers are easy to
install and have features such as direct connectivity with users’
smartphones.

In 2017, the Americas accounted for a major share in the global smart
home water sensor and controller market, followed by EMEA and APAC.
However, the region is expected to witness a small decline during the
forecast period, while EMEA and APAC are expected to witness a small
increase in their market shares.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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