Robotics, automation and industry 4.0 are becoming more common in industrial settings, but what about the impact of AI in the home?
The world-leading automation & robotics manufacturer, ABB, are pioneering this emerging market and facilitating smarter homes with the new release of its connected and software-enabled solutions.
The ‘ABB Ability’ portfolio will give homeowners control over every corner of their property, from lighting and heating to air conditioning and door communication, via the touch of a button. Determined to remain ahead of the curve, the company hopes to capitalise on the ever-growing home automation market which experts predict will experience a Compound Annual Growth Rate (CAGR) of 6% by 2026.
Tarak Mehta, President of Electrification Products Division at ABB said:
“ABB has been pioneering progress in building automation for more than 25 years, having launched more than 1, 000 new products in the last five years alone.
As we look forward five years, the face of home automation is set to undergo a significant shift with the number of smart homes set to reach 10 percent of all properties by 2025 and a rising demand for energy self-reliance from homeowners.”
The impressive portfolio - which spans the entire value chain from point-of-power generation to socket - was revealed at tech convention, IFA 2018. It is poised to advance the smarter home trend that has so far seen voice control, digitisation and artificial intelligence enter consumers’ living rooms and kitchens. Such products have proven so popular they have created a generation of ‘prosumers’, a term used to describe those who want to control and customise their home environment.
However, despite the worldwide popularity of smart home technology, it seems Britain remains reserved in their adoption of AI-powered gadgets. Where 32% of American properties - a cool 40.3 million - feature home technology, only 19.7% of Britain’s houses do, equalling 5.3 million. Moreover, smart tech consumers are so far limited to the 25-34 age bracket, meaning innovators like ABB must pay special attention to broadening their consumer base and catering for our ageing population.
Nevertheless, home automation is a trend that cannot be ignored, with the market expected to be worth $115 billion by 2026, and as the technology and AI available to industrial customers develops, the smart-homes of the future are sure to follow in their footsteps.