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Home Automation Market: Global Industry Analysis and Opportunity Assessment 2017-2025

(IT-NEWSWIRE.COM, October 06, 2017 ) Home automation can be termed as controlling of home appliances automatically and remotely through intelligent terminals. With the increasing awareness of protection and security from theft and energy saving the market for home automation is poised to increase. The home automation includes switching off/on the air conditioning, dimming the light, automatic home appliances, managing cameras and entry gates etc. The main area of focus is residential, and commercial. Change in lifestyle of people, increasing security concern, and concern for energy efficient solutions are important driving factors of home automation.

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The growing trend of using smartphones has led to increase in the use of home automation and improving internet connectivity is also one of the major reason for the market growth. The high technology adoption and awareness among people in North America is one of the major reason for its dominance in the market followed by Europe and Asia Pacific. The rules and regulations for conservation of energy by the European government is accelerating the market for home automation in Europe. The increasing awareness among people for security, energy saving and concern towards the environment has boosted the market and consumer demands.

The global home automation market can be segmented on the basis of products into HVAC control, security & access control, lighting control, entertainment control and others. This can further be bisected on the basis of networking like Computing network home automation systems, wired home automation systems, Wireless home automation systems and Power-line home automation systems. The global home automated market is further bifurcated on the basis of regions into North America, Europe, Asia Pacific, South America and Middle East & Africa..

With the rapid advancement in wireless technology there is a decrease in the prices of the home automation systems. Home automation solution provides home safety through various devices like intrusion detection system, video surveillance and keypads, motion sensors, bit screen and alarms. The product for home automation is expensive and falls under luxury services.

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The need to cut down the consumption of power in order to save energy and high investment in building infrastructure is analyzed to propel the demand for home automation in North America, Europe and Asia Pacific. Johnson Controls, Siemens AG, 2GIG Technologies, iControl Networks Inc., Honeywell International, Inc., Vantage Controls, ABB ltd., Crestron Electronics Inc., ADT Corporation, Schneider Electric SA, Control4 Corporation, United Technologies Corporation and AMX LLC are some of the chief markets players in this industry.

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