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Smart Home/Light Commercial Market Expected to Grow 20%

In less than 4 years, the total global market for smart home/light commercial will be worth an incredible $29.8 billion, with the U.S. market occupying a whopping 29 percent of that, according to a new estimate by the Building Services Research and Information Association (BSRIA).

Luxury villas make up the largest individual vertical sector, followed by offices, and then hotels. Clearly, this is a valuable opportunity for HVAC dealers to grow sales as the U.S. market continues to mature and demand for smart home technology inside and outside the home rises.

“A trend that is gaining momentum is the use of smart home equipment in light commercial applications, and it is forecast that this trend will accelerate,” said Zoltan Karpathy, operations manager, BSRIA worldwide market intelligence division.

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