Home Automation Market Is Expected to Grow at a CAGR of 24.6% From 2013 to 2019

The home automation market was valued at $3.6 billion in 2012 and is expected to reach $16.4 billion by 2019, growing at a CAGR of 24.6% from 2013 to 2019.

At present, the market for home automation stands at a point of inflection. Homes with automation technologies and computing devices are created in the effort to enhance the scope of home owners in terms of convenience, comfort, security, and entertainment. The market is characterized by high-level inter and intra industry competition, complexity of solutions, multiple and incompatible standards, large number of networking technologies, and subsequent high priced products.

The home automation market is undergoing a growth phase marked with immaturity and complexity. There are variations observed in growth patterns across different geographies. The presence of proprietary platform based systems has exceeded the open-platform systems making things more complex for end-users. All such variations exist in terms of applications preferred and technologies used, thereby making end-consumers as final beneficiaries who are now capable of high benefits due to price competitiveness.

The global home automation market is gradually observing a shift towards systems created for mass adoption, and with entry of key players such as telcos, broadband service providers, utilities and others, the market is expected to witness an intensified competition and transition over the forecast.

User demand for a universal solution that is easy to install and operates across multiple platforms is precisely achieved through home automation technology that is competitively priced and can be conveniently integrated with different automation sub-systems in a home setting. Such aspects have turned the market from a luxury dominated market into a mainstream market. Due to this induced trend many players are now in the process of developing advanced solutions for mainstream market. However, both the segments will collectively account for 71.0% of the global market by 2019, and are expected to grow with a rise of 27.5% since 2012.

This report gives detailed overview of the current trends including review of market dynamics with focus on growth challenges, restraints, opportunities, and market drivers. The report analyzes the global home automation market in terms of revenue (USD million).

Besides the report providing detailed analysis by application and networking technology, the study also covers company profiles of the key players in the global market. Some of the noteworthy market players include AMX LLC, ADT Corporation, Crestron Electronics, Inc., and Control4 Corporation – all accounting for over 35% of the market share.

Geographically, the U.S. has emerged as the single largest market for home automation systems. North America is expected to remain the largest market throughout the forecast period. This region estimated a revenue share of 40.7% in 2012. Restoration of construction activities in renovations and new residential buildings are some of the supporting factors boosting the growth of this market in North America.

North America and Europe are at the forefront when it comes to smart meters. The deployment of such devices and rising need to reduce household energy bills further drives the demand for home automation systems in these regions. Other high potential markets demanding for home automation technology systems are present in countries like, Germany, China, India, and Australia spread across Asia-Pacific and Europe.

All these regions are witnessing an influx of new and existing players, as well as growing consumer preference for safety and security solutions.

Browse the full report at http://www.transparencymarketresearch.com/home-automation-market.html

Home Automation System – Live A Cozy Living

In this century, world has turned so faster that taking care of their own home itself is so difficult and not possibly effectively. The few peoples who has time as mobbed down due to this routine work and they have turned tired of doing the same work time and again. One has to remember and accept to the fact that in today’s faster world people really do not have time to spend for themselves and enjoy their leisure activities.

That is the reason for peoples of this era trying to save those precious times to their leisure activities by installing those home automation products in their house and trying to have some fun. You might think that this whole concept is a typical Hollywood commercial which is not available but it is not true, this whole concept is currently available in market and doing wonders for its users.

We have to thank to the advancement of technology and the inventions of this home automation, which was once considered as the typical Hollywood saga has turned out to be a big boon and helping all its users across the globe. Although this whole technology looks like something fantasy happening around us, it is catching very quicker as days passes on and provides a time saver mainly for those peoples who are involved in the hectic life style as it eases their pressure. But the user has to remember, since the whole technology runs in the computer with state- of – art technology, we need to shell out some more money, as it worthy of it.

When the user has money and wants to make life simpler and ready to shell out money from their pocket, and then straight away head to home automation. With the facilities and advantages of the home automation is been endless, one can expect the growth of this industry in a rapid rate with as high as possible. One could ever imagine have a single remote control to access the entire home and advantages of using it is unexplainable. It would so easy and convenient and will also easy the pressure of the hectic day of the users.

By bringing this technology, one can say relation between fictions and reality continues. Because of the competition there are lots of latest and various home automation systems available in the market. By this various ranges now available, one can easily pick out the ones required and the one that suits them best for all their needs up. One must also make sure that he picks the one that really suits all his needs and works for it.

First of all the user needs to know what it all takes to use the home automation and how it works, because without it one can never define what works good for him and the comfort it gets them. It is basically defined into three different categories, which are named as just like in a computer such as connection center, microprocessor and structured wiring. These complete wiring structures is been designed by the company whom they design this home automation, by the professionals they hire. The wiring system works by passing through all your electronic equipments which need to be automated such as home entertainment system, lights and kitchen appliances.

These whole wiring structures passes through the main connection centre, which is the micro processor. This work of technology is said to be the home automation, which is been practiced and installed in their home.

Using a Home Automation System to Reduce Energy Consumption

It may seem strange to use a home automation system to save energy – after all won’t the control system itself use energy? Surely a minimalist approach to electrical hardware is the best way to save energy?

A well designed home automation system can provide huge benefits and savings in energy consumption:

Lighting Control

Lighting control systems can save substantial amounts of energy. The dimming mechanism can save up to 70% of the energy of a non-dimmed lamp which when coupled with activity detection and daylight sensing can save huge amounts of energy. Put simply the home automation system will determine if the room is occupied and if it is whether the existing light level is sufficient. Big businesses have been using this technology for years, and making huge savings, and now the likes of Crestron have started releasing lighting keypads with light sensors built in for the domestic market.

Heating Control

There are many ways a home automation system can save on the costs of heating your home – individual thermostats in each room ensure the house is never over heated and allow temperatures to be reduced when the room is not occupied. These temperature reductions can even be tied in to your alarm system so setting the alarm when you leave the property will reduce the required temperatures, even a few degrees savings can reap substantial savings. Individual controls of different rooms can allow different temperatures throughout the home, similar to the radiator temperature dials we are all used to but much more reliable. A home automation system also comes in to its own with renewable energy solutions – biomass boilers and stoves can be controlled to ensure maximum efficiency. As an aside it is also worth considering convenience – imagine being able to dial up your ski chalet on the last run of the day to switch the stove on – ensuring a welcoming warm lounge when you get home!

Intelligent Power Switching

Switching things off when not required is an easy way to save energy. Modern equipment has been designed to use a lot less power when in standby which is why our control systems are programmed to switch devices off when they are not required. With certain devices – which we know to be inefficient even in standby – we can automatically switch off all power to the devices. Our modern multi-room amplifiers are Class D models which means each output has it’s own power supply and consequently only portions of the amplifier are switched on at any one time.

Heating, Ventilation & Air Conditioning

Although we have already covered Heating Control it is important to think of heating as part of the bigger picture. Modern buildings tend to contain a lot of glass which can cause temperature swings – too cold part of the time or too hot when the sun is streaming through the windows. The same Crestron heating thermostats can let us know when the temperature is rising and, coupled with the lighting keypad light sensors, determine if the blinds should be closed. This pre-emptive measure can save huge amounts in air conditioning costs whilst protecting the fabric of the room. Security can also be increased by closing the curtains or blinds when darkness falls. Control of air conditioning can not only make the system easier to use but ensure the system is only operating when the room is occupied and the conditions demand it.