Home automation systems are used to
automate various processes within a residential property. These could
include functions such as dimming the lights, operating smart
appliances, managing the entrance gate and cameras, turning on/off
the AC, and other similar processes. Home automation systems are
powered by electricity but can be operated or controlled manually.
Home automation solutions are continuously evolving due to consistent
technological advancements. The increasing demand for home automation
solutions incorporating the latest technology, in order to experience
high-end digital technology and better performance is driving the
market.
Home Automation Market:
The persistent need for high
performance solutions for domestic applications such as safety,
entertainment, lighting, energy, and HVAC is the primary growth
driver of the home automation market across the globe. The growth of
the market is supported by the rising penetration of the internet
across countries such as the U.K., France, and Germany. As consumers
become more focused on energy conservation and management, there is a
rise in the demand for automated energy management solutions. This is
driving the home automation market. Smartphones, tablets, and other
handheld devices are increasingly being used, which adds to the ease
of establishing home automation systems.
The global home automation market
is segmented on the basis of application, networking technology,
type, and by geography. On the basis of geography, the market is
segmented into Asia Pacific, Europe, North America, and Rest of the
World, of which North America dominated the market in 2014 and is
expected to continue its dominance till 2020. The dominance of the
region is marked by developments in technology in countries such as
Canada and the U.S. Additionally, the growing affinity of consumers
for newer technology is expected to boost the home automation market
in North America. Europe and Asia Pacific followed North America in
terms of revenue share, and collectively accounted for over 40% of
the global home automation market.
On the basis of application, the
market is segmented into safety and security, HVAC (heating,
ventilation, and air-conditioning), lighting, entertainment, and
energy management. Of these, the safety and security segment
accounted for the highest share of revenue in 2014 and is expected to
remain the highest during the forecast period. The high demand for
safety and security home automation systems is due to the increasing
risk of criminal activities such as theft and robbery. The
entertainment and lightening segment followed the safety and security
segment in terms of market revenue.
Brochure of Home Automation Report is Out Now Get a Copy at:
http://bit.ly/1qZczN6
Key players profiled in the report
include: Honeywell International Inc., AMX LLC, iControl Networks
Inc., Crestron Electronics, Inc., 2GIG Technologies, ADT Corporation,
Control4 Corporation, Siemens AG, Vantage Controls, Schneider
Electric SA., and Johnson Controls.
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