A few months ago, we shared a story with you about one of the hottest topics in residential electrical supplies: smart lighting. As it turns out, this trend is only continuing to grow in popularity. In fact, you could say it’s no longer a trend. Instead, it’s turned into a bona fide choice for your home’s lighting systems.
According to IHS Markit, a global financial services firm, the market for smart lighting is expected to double within the next three to four years. By 2020, it’s estimated that the overall market for residential smart lighting will be approximately $4 billion. That’s up from approximately $1 billion in 2015.
Why is such a huge growth predicted in this sector of residential electrical supplies? The main driver has been adoption. It’s now easier than ever to install and use smart lighting and accessories in your home. Think of devices like Nest (by Google), Alexa (by Amazon), and HomeKit (by Apple). As these applications become more robust, more lighting is manufactured and sent to market. Consumers have more choices and are more willing to purchase and install these lights.
With this predicted growth, it’s a safe bet that there will be even more options for homeowners to choose from in the years to come. Don’t miss out on lighting that looks good and saves you money! Come to CESCO for all of your residential electrical supplies in Rock Hill, SC. Our lighting showroom has a huge selection to choose from and a team of designers that will help you find just what you need for your home. Stop by and visit us soon!