UAE Smart Homes Market to See 14.8% CAGR through 2022, Informs 6Wresearch in Its Topical Research Study Available at MarketPublishers.com
09 Nov 2016 • by Natalie Aster
LONDON – Although, the UAE smart home systems market witnessed moderate growth between 2013 and 2015, due to declining residential construction sector together with the low FDI inflow, the UAE is recognised as one of the leading country-wide markets for smart home systems in the GCC region.
In the years to ahead, the situation in the UAE market is predicted to improve: the country’s smart home market is likely to exhibit healthy growth rates owing to enhancing awareness, upward trend in construction of villas, declining prices and also rising acceptance of automation technology.
The major revenue share of the UAE smart home market belongs to the home energy system sector, majorly due to high prices and also increasing installation of HVAC systems in the residential sector.
From 2016 till 2022, the UAE smart home market is anticipated to see a 14.8% CAGR.
Dubai Emirate, Al-Ain Emirate and Abu Dhabi hold the biggest revenue shares of the overall country’s smart home market. Through 2022, Dubai Emirate region is poised to record the highest growth rates, primarily due to favourable initiatives taken by the country’s government in order to build smart city in this region.
The topical report by 6Wresearch titled “UAE Smart Homes Market (2016-2022): Market Forecast by Segments, Regions” covers the smart homes market in the UAE and presents a detailed market assessment on the basis of segments and regions. It gives a detailed analysis of the market performance (historical and present), touches upon the market dynamics, examines the major market growth restraints and drivers and also outlines future growth opportunities and challenges. This report discusses top trends, identifies lucrative growth sectors and also provides future forecasts for the UAE smart home market through 2022.
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