Technology has the power to change the world. In recent times, several technological advancements have come into the picture, and people are using these to make their life easier and better. Smart home technology is one such innovation driving the real estate space. People want their homes to have unique features and make the best use of home automation system. The entire system is not just superficial; it also adds convenience and a few layers of security to the house. Smart home automation has grown to become a $ 79.13 billion market. The industry saw its peak during the pandemic when people spent most of their time at home.
Several countries have shown a rise in the implementation of smart home devices. Canada is one of these countries. Canada is a nation that quickly adapts to different technologies introduced in any arena. Most Canadians are actively using a home automation system to have access to a smart home that makes their lives easier. Let’s look at how big Canada’s smart home automation industry is!
Smart Home Statistics in Canada
Statistics give you a fair idea of the performance and growth of a particular industry. Therefore, if you want to understand the adaptability of the home automation system, you need to look at a few important statistics. Globally, the industry is growing at a great pace. A growth of 25.3% CAGR between 2021 and 2026 can be expected in the industry.
The Canada smart home technology is also in line with global trends. It is important to look at a few statistics to understand the situation of the smart home automation industry.
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- Canada’s home automation system market will reach $3.3 billion in 2022. The revenue is experiencing year-on-year growth of 11.7%. If the growth rate remains similar, Canada’s smart home technology industry will be worth $4.4 billion in the coming years.
- Smart home devices are a common sight in Canada. As per research by Rakuten.ca, about 27% of Canadians have at least one smart home device. According to the same survey, about 78% of people were interested in procuring smart home devices in the next few years.
- In Canada, people want access to smart home technology but wish to do so at a lower cost. About 83% of women in the country have admitted to buying technology-oriented products only when they are on sale.
- The United States and Canada account for about 40% of the income generated by the smart home sector.
- An estimated 76% of Canadians believe smart technology is a useful tool for energy conservation.
- Smart home security is becoming a priority in Canada. According to research by Parks Associates, around 14% of Canadians have smart home security devices like video doorbells, smart thermostats, etc.
- 7% of Canadian households with broadband in 2018 owned a smart speaker and personal assistant. Brad Russell, research director at Parks Associates, claims that between the first quarter of 2017 to the first quarter of 2018, consumer awareness of voice control devices increased by 50%.
- The smart home security industry alone generated $419 million in 2022 and is currently growing at a CAGR (Compound Annual Growth Rate) of 8.6%.
These statistics show that Canada’s home automation system industry is rapidly expanding. People want access to smart home technology to improve their standard of living and make their homes technologically advanced.
Home Automation System in Canada
The home automation system in Canada comprises several elements. Different devices can be incorporated to ensure you make the best use of smart home technology. A few of these devices and technologies are detailed below:
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Smart Home Security
The primary reason to invest in a home automation system is to ensure the safety of your house. By gathering information from security devices such as cameras and sensors, you can monitor all the activities in and around your house. You’ll be able to increase the security of your home by analysing this data. Security systems can be managed online or from any device with an active internet connection.
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Remote Control
The remote control is one of the best technologies available for smart homes. They give you access to control doors, windows, curtains, etc., with a remote, ensuring more convenience. Apart from automating doors and windows, a remote control system helps you manage the smart home security system from anywhere.
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Smart Lighting
Smart lighting adds to the visual appeal of your house. Unlike traditional lights, smart lights can be customised to change colours; in some cases, users can also alter the brightness levels of the light. However, to access the features of smart lighting in Canada, you must install a smart switch. Smart switches allow you to schedule various lighting elements, and you can then control these settings remotely.
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Shading Control
You can maintain a suitable temperature throughout the day with your smart home system. This can be especially beneficial as the warmer seasons approach. Smart shading system enables you to save electricity. Based on how much light is required, this shading technology can change the shades throughout the day.
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Scene Control
You may create different aesthetics with your smart home automation system. These scenes may be customised based on changing the settings, lighting, temperature, music, etc. These can be pre-configured to perform multiple functions with just one click, saving time and energy.
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Entertainment
A smart home system contributes significantly to the ease of entertainment. You can use your voice to control your TV, audio systems, etc. It allows you to manage all the systems via your smartphone or a device controller. When you invest in smart home automation, you can access videos, music, etc., just with your voice command.
Why Do You Need a Smart Home Automation System?
There are several reasons why you need a smart home automation system. It increases the home’s safety as it implements security measures easily. Apart from this, it makes life convenient since all you are required to do is give a few voice commands to operate an appliance. A home automation system’s most important aspect is that it offers data analysis and control. With data, you can improve the safety parameters you need to be aware of. It also helps you build a comfortable routine, making your life easier.
Conclusion
Smart houses have many present-day and foreseeable advantages. It’s unlikely that tech corporations will slow down the development of new devices aiding us and improving our lives. According to the statistics, many consumers are anticipated to adopt smart home technology trends and incorporate intelligent appliances into their homes in the upcoming years. However, smart home technology can get expensive if you buy all the devices simultaneously. Try to implement the devices gradually as you get used to each technology.
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Frequently Asked Question (FAQs)
In 2022, it is expected that the Canadian smart home market will be worth $3.3 billion. The revenue is anticipated to rise at 11.70% annually until it reaches a projected market volume of $4.4 billion by 2025. Additionally, it is expected that the average revenue per constructed intelligent home will be $654 million.
The top 5 smart home technology devices include security, lights, remote control, shading control, and entertainment.
The United States of America is topping the charts regarding smart home technology. A huge chunk of their population is already using the technology, while around 30 million households are planning to add smart home technology-oriented products.
Canada has a thriving domestic technology industry. The Canadian information and communications technologies (ICT) industry comprise more than 43,200 businesses. The majority work in the computer software and services sectors. Also, the people residing in Canada have easy access to all kinds of technologies currently in the market. What is the future of smart homes in Canada?
What are the top 5 devices of smart home technology?
Which country has the best smart home technology?
Is Canadian technologically advanced?
