Home Automation Solutions utilize High End Digital Technology for Providing Better Performance

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.

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.

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:

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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.

Advancements in Technology are Inspiring Architects Across Globe to Build Automated Homes

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.

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.

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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.

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.

Home Automation – A Residential Extension of Building Automation

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:

http://www.transparencymarketresearch.com/home-automation-market.html

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.

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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.