The role of connected homes in achieving net zero

A connected home is defined as one with multiple integrated devices that can be automated and easily controlled to create a safe, convenient, and comfortable environment. The largest companies operating in the connected home sector are the technology majors such as Amazon, Google and Apple, but there are also many new start-ups looking to exploit new opportunities and niches in the market. Investment and advancements of 5G technology, which provides a low-power wide-area network for smart home products requiring constant, reliable connectivity, have made way for the value of the global smart home market to nearly double since 2017 from £31bn1 to around £56bn in 2021. This is expected to grow to £132bn by 20252.

This short research paper looks at the impact of connected homes on the grid, business models for investment into connected home technology and future retail pricing.

Kate Hill

Kate Hill

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