Electrical Industry Canada: Home Automation - 7

HOW SWIDGET CAN HELP CONTRACTORS
BE COMPETITIVE IN THE SMART HOME MARKET
Smart technology is becoming an expected
feature in new homes and a necessity in most
commercial,
industrial, and residential
buildings. With the market for smart home
devices expected to grow to $246 billion by
2022, many professional
contractors are trying to increase their
business by including smart home installations
alongside the traditional services they offer.
You see this
in HVAC, plumbing,
telecommunications, security, and wiring, to
name a few. While it makes a lot of sense for all
of these professionals to expand their
house at some point or another- this article
from Swidget focuses on the unique
challenges and benefits for electrical
contractors and electricians.
Market at a glance
The global market for smart home is
expected to grow to $246 billion by 2022. 832
million smart devices were shipped last year
46% of consumers believe it is important
that their current or next home have smart
technology
Using smart home technology can reduce
the amount of electrical waste by up to 31%
per household
EL E C TR I CAL INDU S T RY CANADA
57% of US residents believe that having
smart tech in the house improves their lives
CHALLENGES FOR ELECTRICAL
CONTRACTORS
Traditional profit models
Many residential electrical contractors (ECs)
make their profits on volume. They get into a
house, wire it up, and move on to the next one.
It is rare that he or she return to a location when
something isn't working. With smart home
products, contractors are seeing an increase in
warranty call backs from their customers, and
this can quickly cut into profits.
Device installation vs. tech installation
It is very easy for a qualified electrician to
wire up a smart outlet or smart light switch but
what happens when they need to set up that
device so that it works remotely or with a
virtual assistant like Alexa or Google Assistant?
An electrician may find him or herself trying to
VOLUME 1, ISSUE 5
7
residential

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Electrical Industry Canada: Home Automation

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