Assa banks on growing demand for smart home products

The Assa Abloy Group, a Swedish conglomerate and a global leader in access solutions, will launch more market-oriented smart home products in China to tap the nation's growing demand for smart access products both in commercial and residential use amid consumption upgrade, according to senior company executives.

China has grown into the biggest market in the Asia-Pacific region and is an important manufacturing base for Assa Abloy, according to Anders Maltesen, president of Assa Abloy Opening Solutions Asia-Pacific.

"In addition to the increased demand for commercial use, Chinese consumers have developed a growing demand for smart lock products in the residential sector. This is the main reason why we are increasing investment in research and design and expanding production capacity," said Ramond Yeoh, managing director of Yale China.