Part 4/11:
Despite a slowdown in sales of new smart home devices—totaling nearly 900 million units in 2022—shipment projections indicate a rebound, with sales expected to exceed 1.2 billion units by 2026. Governments across the Asia-Pacific (APAC) region and beyond are incentivizing renewable energy adoption and the use of energy-efficient appliances, such as smart thermostats that enable targeted heating and cooling. These innovations promise to reduce energy consumption and lower utility bills, fueling further adoption of smart home technologies.