It is no secret that the popularity of smart home technology and smart devices is on the rise throughout the world, with more homeowners adopting some type of automation and smart technology. Did you know that the international smart home market will likely grow from about USD 78 billion in 2020 to about USD 135 billion by the end of 2025, at a Compound Annual Growth Rate (CAGR) of 11.6%?
Note that the rapid growth of smart technology and smart home technology is driven by many factors, like the increasing number of internet users, as well as the growing adoption of various smart devices. Most of us benefit from smart devices, smart offices, and smart homes.
As there is such an immense focus on smart connectivity, you may wonder what it means for the electrical industry and electrician Vancouver. There is no doubt that smart technology means more and better opportunities for electricians.
Also, keep in mind that smart technology is not restricted to homes. This technology is also revolutionizing the way small businesses, like restaurants and retail shops, operate. Did you know that with smart technology, business owners can easily monitor energy consumption? They can also receive timely alerts and notifications in the event of critical equipment failures, like refrigeration units and ovens.
Another reason why smart technology is the right move for electrician Vancouver is that it is also making their role safer. This is because nearly all serial bus devices now operate on low voltage, which makes them much safer than conventional devices.
Increasing Digital Opportunities
You will be pleased to know that smart home technology brands, as well as manufacturers, recognize and appreciate the important role that electricians often play in homeowner adoption. This is why to support and facilitate their trade partners, a lot of companies are now providing training, development, and certification programs. These programs are designed carefully to make electricians the go-to people for various smart home solutions.
As an electrician Vancouver, the skills, capabilities, and experience you will acquire through these programs include:
- Important design, installation, as well as repair skills for various digital deployments
- The ease and ability to offer digital electrical equipment; and
- Experience and familiarity with state of the art alarms, gates, TVs, lighting, fire safety equipment, ventilation equipment, and heat pumps
Make the Most of the Growing Smart Home Market
Compared to the last 5 to 10 years, now there are considerably more residential opportunities if you would like to work with the latest high-tech systems. Research by Frost & Sullivan revealed that more than 65 percent of homeowners would like to work with a professional installer in order to install their various smart home systems, such as alarm systems. And note that this does not merely refer to changing a smart thermostat.
Did you know that homeowners are now turning to professional and certified electrician Vancouver to install smart security devices, smart lighting systems, and backup power storage systems? As an electrical contractor, you have to make the most of these opportunities.
Higher need for Retrofit Applications
You may know that smart lighting now comes standard with new construction. This often includes some essential smart lighting features. Some of these features are occupancy sensing, time clock control, and remote access. However, you may be wondering about retrofitting. It is worth noting that for existing homes and buildings, integrating various wireless features is an excellent and cost-effective entry point.
Note that by installing smart and efficient lighting systems, electricians are offering building managers or owners as well as end-users more control and precision over how they light their spaces and manage their energy.
You will be happy to know that makers of wireless lighting controls are also focusing on making electrical installations simple. What does this mean? It means more opportunities for work with little to no specialized training.
Smart Cities and 5G
There is no doubt that the future is smart, with smart cities and 5G. Note that the concept of smart cities includes street lighting, traffic management systems, electric car charging stations, and various municipal services. It also features new 5G control systems, more efficient inter-building electrical control applications, and systems requiring the installation of different sensors.
With all the fantastic benefits and conveniences that 5G will bring, note that its impact on smart devices, smart cities, and smart technologies will be significant. Keep in mind that even its deployment will provide electrical contractors with many job opportunities.
From better lighting performance to more accurate and highly-responsive building operations, keep in mind that 5G will likely introduce cutting-edge capabilities and features in the smart technology world, and you have to leverage these opportunities.
A Smart and Savvy Business Move
Digitization, smart devices, and smart tech are creating new and exciting opportunities for most electricians, enabling these professionals to:
- Satisfy their customers
- Enjoy higher margins
- Build and sustain a more profitable and successful business; and
- Have peace of mind