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From appliances to lighting to speakers, everything is connecting to the internet, and there’s no stopping it. Smart home equipment is becoming more affordable and less avoidable on the market. Everything from our dishwasher to our cars will be “on the grid”, ie. connected to the internet (and many devices and appliances already are!). Read some astonishing statistics about home automation as well as where the market is headed.
Smart Home vs Home Automation – What’s the Difference?
We thought we’d clear the air on this quick since these terms get tossed around pretty loosely. Smart home is anything that makes your home, ie. your appliances, etc. smarter. Usually this involves connecting them to the cloud or some software component that lets them function on their own, or based on a pattern or intelligence algorithm. Home automation is something that smart homes can do. It involves the automation of appliances and gadgets that you otherwise would have had to manually operate. For example – setting light switches on a schedule to turn off at sunrise and on at sunset is an example of a home automation feature that makes your home smart.
11 Smart Home Statistics
Below are 11 smart home facts with linked sources for each of the stats listed.
- 47 million smart home devices were shipped worldwide in 2015 and 80 million in 2016. This is a 64% increase from 2015.1, 2
- The American region accounted for 62% of global deliveries in 2015.
- It is predicted that more than 130 million smart products will be shipped worldwide in 2017.
- 72% of Americans with smart home devices want voice control capabilities and 48% of Americans with smart home devices already have voice control capabilities.3
- 58% of Millennials, 50% of Gen Xers and 26% of Baby Boomers have smart home devices with voice control.
- Top reasons Americans use voice control on smart devices (note that it gets used on multiple devices, so these don’t add up to 100%):
- 57% for entertainment – Read our Streaming Media Device Comparison
- 33% for lighting – Check out our reviews of Smart Lights
- 33% for controlling of security products – Read our reviews of Home Security Systems and WiFi Security Cameras
- 33% for shopping online
- 30% for controlling thermostats – Visit our Smart Thermostats Reviews
- 29% for helping with cooking and chores
- 28% for controlling smart appliances (refrigerator, laundry machine, etc.)
- 81% of smart home users said they would be more apt to purchase a home that had connected technology.4
- 66% of smart home users said they would leave their smart home equipment behind if it meant their house would sell faster.
- In 2015, an estimated 1,579,527 burglaries took place.5
- Victims of burglaries suffered an estimated $3.6 million in property losses in 2015.
- The average energy bill for a household is $110/month:6
- 56% for heating and cooling costs
- 15% for electronics, appliance and other costs
- 15% for lighting costs
- 14% for water heating costs
5 Smart Home Market Forecasts
There are many guesses as to what smart home market growth will reach in the next few years. During our research we came across these predictions for the year 2020:
- Analysts estimate that 477 million smart home devices will be shipped globally in 2020.
- By 2020, more than 152 million cars will be connected to the internet compared to 23 million in 2014.7
- An approximate 100 million light bulbs will be connected to the internet by 2020, which is up from 2.4 million in 2013.8
- In 2013 the smart home automation market was valued at 4.4 billion dollars and is estimated to be valued at 21 billion dollars in 2020.9
- In 2020, it is estimated that the internet of things will generate revenue exceeding $300 billion.10
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