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Smart Home Appliances Market - Forecast(2021 - 2026)

 According to the Organization for Economic Co-operation and Development (OECD), the electricity consumption in 2016 was measured to be 10,533,117 GW-H, and global electricity production is increasing year on year since 1974.[1] Evidently, the world is in dire need for reducing the electricity consumption in order to minimize the usage of fuels and also allows to monitor the energy usage by each and every appliance used in the household. While governments are taking initiatives pertaining to the application of renewable resources, the implementation of smart home appliances is proving to be a blessing in terms of energy conservation. The fact that these appliances save a significant amount of energy is leading to an expansion in the smart home appliances market size which had a value of $32.68 billion as of 2018. Furthermore, the augmenting application of smart home appliances in smart houses worldwide is estimated to observe a substantial compound annual growth rate (CAGR) of 15....