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Housing market in China welcomes electronic locksJuly 23, 2015China’s electronic lock market is forecast to grow quite fast at a compound annual growth rate (CAGR) of 13 percent, from 2015 through 2019. The residential sector will be the key driver of overall category growth, with a CAGR of 17 percent, during the same time period, according to the IHS Access Control Market Intelligence Service.