![]() ![]() They might look simple but they're generally much tougher than any residential grade hardware is going to be. ![]() If you want a tougher deadbolt, ask a local locksmith to install a commercial grade lock as a replacement. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.Best deadbolt locks reddit. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. The improved regulatory initiatives by governments for deploying smart home devices to save energy are encouraging people to adopt these products, thereby significantly impacting the market growth.īrowse through Grand View Research's Next Generation Technologies Industry Research Reports. The rising focus on energy conservation and reduced carbon emissions are anticipated to drive market growth during the forecast period. The market is expected to expand at a CAGR of 27.0% from 2022 to 2030. Smart Home Market - The global smart home market size is projected to reach USD 537.01 billion by 2030, according to a new report by Grand View Research, Inc. The emerging trend of deploying innovative technologies in new buildings has instigated the adoption of smart glass products in the architectural sector. ![]() This can be attributed to the growing demand across the transportation and architectural sectors. It is expected to expand at a CAGR of over 10.3% from 2022 to 2030. Smart Glass Market - The global smart glass market size is expected to reach USD 12.76 billion by 2030, according to a new report by Grand View Research, Inc. The growing adoption of the automation in security, lighting, HVAC, energy management, and smart kitchen arenas is anticipated to revolutionize the market by 2025. Further, increase in demand of smartphones and easy accessibility of internet are expected to fuel growth in the demand for the in the coming future. Increasing urban and geriatric population have created the need to incorporate smart home automation concept in order to address the arising challenges. The growing demand for the convenience of remote and real-time operation of smart home automation system has increased the growth and penetration of the smart home automation. Smart Home Automation Market - The global smart home automation market size is expected to reach USD 130.0 billion by 2025, according to a new report by Grand View Research, Inc. Smart Lock Market - Regional Outlook (Volume, Thousand Units Revenue, USD Million, 2018 - 2030)Ĭheck out more market research studies published by Grand View Research: Smart Lock Market - Application Outlook (Volume, Thousand Units Revenue, USD Million, 2018 - 2030) Smart Lock Market - Type Outlook (Volume, Thousand Units Revenue, USD Million, 2018 - 2030) This smart lock feature makes it reliable, unique, and easy to use and strengthens its market presence. Smart keys work on an IoT connection, which synchronizes the user's smartphone to gain control. Smart pre-lock technology includes passwords, ID codes, machine keys, paper clips, and code names which are tedious to take care of and can potentially lead to theft or loss of data. In addition, smart lock technology is easy to use and unique compared to conventional methods. The user can send temporary keys to people, giving them home access within a specified time. Read 132-page full market research report, " Smart Lock Market Size, Share & Trends Analysis Report By Type (Deadbolt, Lever Handle, Padlock), By Application (Residential, Hospitality, Enterprise), By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research. North America held the largest revenue share in 2021, owing to the advancements in technology. The residential segment held the largest market share of 63.9% in 2021, while the use of smart locks in the hospitality industry is poised to register the highest CAGR of 24.2% during the forecast period. Growing usage of smart locks in residential security will propel the overall market over the forecast period.īased on the type segment, the lever handle type of locks is anticipated to grow at the highest CAGR of 22.4% from 2022 to 2030. The market is driven by the increased global internet penetration, consumer awareness about advanced security systems, and higher reliance on mobile applications to make daily processes easier. Key Industry Insights & Findings from the report: ![]()
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