Hardware Retailing

JUN 2018

Hardware Retailing magazine is the pre-eminent how-to management magazine for small business owners and managers in the home improvement retailing industry.

Issue link: https://hardwareretailing.epubxp.com/i/985610

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Page 60 of 82

HARDWARE RETAILING | June 2018 56 56 HARDWARE RETAILING | June 2018 Get in Sink With Technology How Smart Home Technology Is Taking On the Plumbing Category By Renee Changnon, rchangnon@nrha.org I magine the home of the future five, 10 or 20 years from now. What do you see? If your vision doesn't include advancing technology or an interconnected smart home, think again. According to a report by research firm Zion Market Research, the global smart home market was valued at around $24 billion in 2016 and is expected to surpass $53 billion by 2022. The plumbing category is finding its footing in the smart home environment, with products like smart showers, voice-activated toilets and app-controlled washing machines hitting the market today. In this article, Hardware Retailing will highlight some of the latest smart plumbing trends that are catching consumers' attention. We will bring you up-to-date on all of the latest innovations and evolving technologies. To discover how big-box retailers like Lowe's, Home Depot, Kohl's and Best Buy are investing in this niche, visit TheRedT.com/smart-box. Whether consumers are clueless about what smart plumbing products they should integrate into their homes or you have customers who have done their research and are well aware of the products they want and need, you need to be knowledgeable. Knowing the trends will ensure your business does not fall behind and allows you to stay current with smart home technology. Smart Home Dashboard

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