The rise of smart homes is nothing new, but figuring out how to deal with smart-home systems in older homes and ancient grids is a new challenge. In the U.K., smart home technology is growing.
Technavio market research analysts forecast the smart home M2M market in the U.K. will grow at 24% from 2017-2021. As more homes become smart homes, those in the HVAC (heating, ventilation, and air conditioning), electrical, and utilities construction sectors will have to be prepared to upgrade grids and homes for the new technology.
Smart meters offer a wide range of solutions. They allow consumers to manage energy resources effectively by providing consumption details continuously and they send the home-energy usage details to the supplier so that the electricity bill can be created without physically checking the home meter. This rolling out of smart meters will help customers to experience energy-efficient methods, which reduces the prohibitive costs of energy. Smart meters of the future will function as the gateway between smart homes and smart grids. They will be equipped to manage the demand and supply of the energy sources in tandem with the home energy-management systems.
Programmable thermostats are used to adjust the room temperature to the desired level automatically. The maximum demand for these devices comes from energy and utility retailers. The shipment of these devices is increasing in Western Europe including the U.K. region with the increasing need for programmable thermostats.
The smart-home cloud center platform can be categorized into three divisions, namely cloud service platform, carrier platform, and smart IoT gateway. Most residential users are rapidly adopting cloud-based home security solutions that have self-monitoring and remote-service features. It provides a user-friendly interface to homeowners helping them to arm, disarm, and check the security status of their house from a remote location.
Smart homes have the potential of having a huge presence in the U.K. market with the growth of cloud technology. These technologies need strong networks and current equipment to perform at their fullest potential. There will be many opportunities for contractors in the market to upgrade the systems.