For decades, design-build contractors have navigated the competitive landscape of home construction, seeking ways to differentiate themselves from peers while delivering exceptional services. In an era where offerings often seem uniform across the industry, the quest for distinctiveness becomes paramount.
Have you explored the realm of smart home automation? As the demand for intelligent living spaces burgeons, many homeowners are embracing the concept of smart homes. What was once considered a burgeoning trend has now firmly entrenched itself in the mainstream. From adaptable lighting systems to sophisticated security solutions, the integration of smart technologies presents a myriad of opportunities for contractors. By positioning oneself as smart home specialists and partnering with industry leaders like Woodbridge Smart Home Installation Service.
Continue reading to delve deeper into the rationale behind incorporating smart home integration into your portfolio of services.
The Appeal of Smart Technology
The inclination towards smart technology is palpable, as evidenced by findings from the 14th Annual State of the Builder Technology Market Study conducted by the Consumer Technology Association (CTA). A staggering 65% of homeowners express a preference for some form of smart home control. Moreover, the study reveals that 33% of home builders nationwide have witnessed revenue growth by incorporating technology installations into their offerings.
Whether it’s the allure of a comprehensive home automation ecosystem like Savant or the allure of personalized lighting and climate control systems, consumers are increasingly inclined towards embracing the latest technological innovations.
Riding the Wave of Market Expansion
The meteoric rise of smart homes is hardly surprising in a world inundated with intelligent products – from smartphones and smart cars to smartwatches and beyond. According to Global Newswire, the smart home technology market exceeds a staggering $205 billion. From a modest valuation of $80 billion in 2018, the market is poised to surpass $623 billion by 2026. Currently, home entertainment systems dominate with a share of $157 billion, while an array of other systems including:
- Home Security
- Lighting Control
- Whole-Home Audio
- Smart Thermostats
- Motorized Shades
- Energy Management
- Water & Air Purification
- Home Networking
Furthermore, complementary technologies such as voice control systems offer seamless integration within smart home ecosystems, underscoring the breadth of opportunities inherent in this burgeoning field.