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Smart Home Appliances Market Size Worth $92.72 Billion By 2027: Grand View Research, Inc.

SAN FRANCISCO, Sept. 23, 2020 /PRNewswire/ — The global smart home appliances market size is anticipated to reach USD 92.72 billion by2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 14.1% from2020 to 2027. The market is likely to witness significant growth in the years to come on account of the growing geriatric population, improved M-2-M communication systems, new product development, and improvements in the Internet of Things (IoT).

Technology is responsible for providing effective energy saving solutions, which are backed by various initiatives and favorable reforms undertaken by the government bodies in developed regions, including Europe and North America. High-end devices, coupled with technologically advanced features, such as IP and Bluetooth, render a large proportion of the overall population with unaffordable technology, which, in turn, is expected to drive demand.

Key suggestions from the report:

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Home-owners ‘have inflated view of their property’s value’ says Aviva

HOME-owners in Northern Ireland could be over-estimating the value of their property by around £37,000 typically, according to a survey.

Nearly one in 10 of all home-owners in the UK believes their house has increased in value since the coronavirus outbreak, insurer Aviva found.

Its survey of more than 2,300 home-owners found that, on average, people estimated the value of their home at £288,263.

This is £52,590 higher than the average UK house price in May of £235,673 as recorded by the Office for National Statistics (ONS).

In Northern Ireland, people believe their home to be worth £177,454, when in fact the average price is 26.2 per cent (or nearly £37,000 less) at £140,580.

Some recent house price reports have shown property values hitting new records as pent-up demand is released into the market and buyers take advantage of a stamp duty cut.

But economists have said that looking further

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