Smart Home Technology to Improve Lucrativeness of UK Home Emergency Insurance and Home Services Market


Published on : Nov 05, 2018

Albany, New York, November 5, 2018: Demand for home services is completely dependent on activity in the residential as well as commercial properties and customers’ willingness to spend on the range of services. UK home emergency insurance encompasses prepaid policies and cover for the breakdown of home essentials such as malfunctioning of gas supply pipes or air conditioning, problems with water supply pipes or entire plumbing, and electrical emergencies. Rise in the number of insurable properties is likely to increase the demand for UK home emergency insurance and home services in the coming years.

To evaluate key factors influencing growth of UK home emergency insurance and home services market, a new business intelligence report titled, ‘UK Home Emergency Insurance and Home Services 2018’ is added to burgeoning database of Market Research Hub (MRH). Although British Gas – the most established home services provider in the UK – dominates the market, more providers are focusing on service differentiation to make new approach to attract and retain the customers.

Emergence of Smart Homes to Fuel UK Home Emergency Insurance and Home Services Market

Smart home devices have gaining increasing popularity in the recent years with penetration of advanced technology. These devices can be automatically linked to home assistance networks which is directly translating into market growth. Advances in mobile technology and data analytics, swift trends of electric vehicles and smart meters are expected to expand the scope of home services beyond boiler installation and servicing products that British Gas typically provides. Growing demand for smart home management services due to penetration of devices such as smart thermostat is further likely to boost the demand for UK home emergency insurance and home services. Robust growth of Amazon Echo in the UK is considered to be a restraining factor of the market. However, its energy skills are in their infancy and might have limited implications for smart energy and home services.

UK Home Emergency Insurance and Home Services Market: Scope of the Report

‘UK Home Emergency Insurance and Home Services 2018’ is an exclusive business report which offers in-depth market details on current as well as anticipated future scenario. In the initial section of the report, several macro-economic as well industry-specific factors including drivers, restraints, opportunities, and trends present in the UK home emergency insurance and home services market have been included.

Extensive research postulates included in the report allow readers to gain important market insights on existing market segments and their reciprocal implications on development of the UK home emergency insurance and home services market. Analysis of these segments and breakdown of the market structure on the basis of application of products, new innovations, and current market position of key players have been included into the report.

Owing to elaborative research findings incorporated in the report, readers can attain a comprehensive understanding on potential growth initiating factors of the UK home emergency insurance and home services market inclusive of efficient marketing tools implemented by leading market participants. In the final section, the report highlights a competitive landscape which delivers detailed information related to the major players identified in the UK home emergency insurance and home services market.

Competitive Landscape: UK Home Emergency Insurance and Home Services Market

The report in its last section entails elaborate research elements that enable the readers to determine the efficacy of marketing strategies administered by leading players in UK home emergency insurance and home services market. Analysis of these players on the basis of each market segment are also incorporated in the report.

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