Showing posts with label Home Automation Market. Show all posts
Showing posts with label Home Automation Market. Show all posts

Wednesday, 3 February 2016

North America Leads Global Home Automation Market, APAC Market Set to Rise Strongly

Home automation is emerging as a major field of technology and has witnessed rising demand in recent years. Home automation refers to technologies that automate the functions of various systems used in residential complexes, such as lighting or HVAC. These systems and appliances comprise a major part of the total energy consumption of a building and careless use of the same has been calculated to contribute immensely to the growing problem of power shortage. Instead of generating extra power to compensate for these losses, conserving it through the smarter use of appliances has emerged as a more promising field.

Home automation technologies can now often be used via smartphones and commonly available wireless technologies such as Bluetooth and Wi-Fi, which has made them affordable and accessible for the multitudes. Here’s an overview of the major residential systems in which home automation is making a steady entry:

Smart Lighting
Lighting is a major part of a household’s energy needs and is a necessity in every single room of the house. Thus, it is also a major part of the home automation scenario. Smart lighting not only conserves energy by automatically shutting down when not in use, but can also be dimmed according to the ambient lighting conditions and remotely turned off from your smartphone.

Thermostats and Air Conditioning
Temperature control and air conditioning are aspects that are usually manually controlled according to the user’s comfort. Smart thermostats and air conditioning units, on the other hand, ‘learn’ the user’s behavior and can thus automatically switch on and off and adjust the temperatures just as the user would do it normally. They also provide current energy consumption figures to users and can also adjust the ambient conditions of a residential building according to the climatic conditions.

Smart Appliances

Smart refrigerators and smart washing machines are also now emerging on the global home automation market. Smart refrigerators can keep track of the freshness of the food contained within them and alert users if any of it is about to spoil. They can also adjust their energy consumption according to their load, helping cut down on energy consumption massively. Models of many other appliances are now being equipped with such smart features.

The global home automation market was valued at US$4.4 bn in 2014 and is expected to witness a booming 26.30% CAGR from 2014 to 2020. The market is led by North America, due to the easy availability of high-quality networking tools in the region. Europe is also a major regional market for home automation technologies and, collectively with Asia Pacific, holds a 40% share in the market. Rising consumer awareness and increasing disposable incomes are expected to make Asia Pacific a prime contender in the global home automation market in the coming years.

Saturday, 3 May 2014

Global Home Automation Market to Reach USD 16.4 Billion by 2019: Transparency Market Research

According to a new market report published by Transparency Market Research “Home Automation Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 – 2019,” the market was valued at USD 3.6 billion in 2012 and is expected to reach USD 16.4 billion by 2019, growing at a CAGR of 24.6% from 2013 to 2019.


Underpinning demand for a universal solution, which is easy to install and integrate with different sub-systems in a home has induced a disruptive growth phase in the industry. Broadband service providers, telcos, utilities and others, who are entering the market with packaged/bundled services, have further intensified competition in the market. This has made end-consumers as final beneficiaries, who are able to reap benefits of price competitiveness. However, with entry of large number of players across all levels of supply chain, the market has been witnessing a piling of too many solutions available to end consumers. Subsequently, proprietary platform based systems have outnumbered the open-platform systems which has made things complex for end-users.
Standing at the point of inflection, home automation market is estimated to see North America retain its position as the largest market. Revival of construction activities, especially on new residential buildings and renovations, is expected to support market growth in the region. Of all the applications of home automation systems, growing consumer preference for safety and security solutions is expected to result in ‘safety and security segment’ dominate market growth across all these regions. Energy management and HVAC automation systems too are expected to see a similar growth phase towards second half of the forecast period. Deployment of smart meters and need to curb household energy bills is further expected to drive the demand for such systems, especially in Europe and North America, which are at the forefront of smart meter installation.

Among networking platforms available, wireless systems are estimated to account for more than half the market share. Their revenue contribution is further expected to increase with the growth of alliances such as Zigbee, Z-Wave, and KNX. However, with the potential entry of Wi-Fi Direct and its possible adoption by Apple may disrupt expected market gains by other wireless technologies in the market. This is even expected to bring DIY type of automation solutions to the forefront of the home automation market, which till now was dominated by luxury systems, with mainstream systems and managed automation services showing promising growth signs. Amidst growing popularity of wireless technologies, power-line and fixed-wire home automation systems are forecast to see decline in market share.

Some of the key market players include Crestron Electronics, Inc., ADT Corporation, AMX LLC, and Control4 Corporation; accounting for more than 35% of the market share. A large part of the market is catered by players specializing in specific applications and those with generalized solutions. Other key participants include Lutron Electronics Company, Inc., ABB Ltd., Nortek, Inc., Vantage Controls, Schneider Electric SA, SoftAtHome, LivingTech, among others.

The report analyzes the global home automation market in terms of revenue (USD million). The market has been segmented as follows:

Home Automation Market, By Application:
·         Entertainment (home A/V)
·         Lighting
·         Safety and Security
·         HVAC
·         Energy Management
·         Others (home robotics and home healthcare)

Home Automation Market, By Networking Technology:
·         Wired
·         Power-line
·         Computing Networks
·         Wireless
o   Wi-Fi
o   Zigbee
o   Z-Wave
o   KNX
o   Others (Insteon, Wavenis, and X-10)

Home Automation Market, By Type (mode of entry):
·         Luxury
·         DIY (Do-it-yourself)
·         Mainstream
·         Managed Services

Home Automation Market, By Geography:
·         North America
o   U.S.
o   Canada
o   Mexico
·         Europe
o   Germany
o   UK
o   France
o   Italy
o   Scandinavia
o   Rest of Europe
·         Asia Pacific
o   China
o   India
o   Japan
o   South Korea
o   Australia
o   Taiwan
o   Rest of Asia Pacific
·         Rest of World (RoW)
o   South America
o   Middle East
o   Africa


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