The smart home market is booming. There are now connected devices in practically every room of the house — smart lights, smart cameras, smart door locks, smart refrigerators, smart HVAC systems, and yes, smart plumbing devices. According to Verified Market Research, the global smart home market was valued at $80.83 billion in 2019, and is projected to reach $207.88 billion by 2027, growing at a CAGR of 13.52% from 2020 to 2027.
“As more and more connected plumbing devices are developed and released, we will see a similar trend that occurred for ‘owning’ the front of the house and developing a singular platform or solution to act as a hub,” says Jeff Long, product manager for Cash Acme and StreamLabs, brands of Reliance Worldwide Corp. “Google and Alexa are perfect examples of companies bringing smart technology together into one centralized portal. I don’t think it will be too far of a stretch for the same to occur with behind-the-wall applications that aim to integrate water quality, delivery and control technology.”