Global Home Automation market to grow at a CAGR of 56.75% over the period 2014-2019.
Deerfield Beach, FL -- (SBWIRE) -- 08/25/2015 -- About Home Automation
A home automation system is a computer-based control system generally installed in buildings to control and monitor several items of mechanical and electrical equipment such as ventilation, lighting, power systems, fire systems, and security systems. Building automation systems include hardware as well as software, which are configured using various protocols. The automation of home and household activities includes centralized lighting control, HVAC control system, security and access control system, entertainment control system, and the control of other appliances in the home. It involves the integration of electrical devices with each other, and these integrated devices are managed and controlled through a computer network with remote internet access. Home automation systems are increasingly being adopted because of benefits such as increased comfort, safety and security, and efficient energy management.
Global Home Automation market to grow at a CAGR of 56.75 percent over the period 2014-2019.
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The demand for electricity is increasing at a steady rate. Residential buildings play a crucial role in energy consumption, and these buildings are expected to be consuming more than 13 percent of total energy worldwide by the end of the projected period.
"Home automation systems like general lighting controls and HVAC controls help reduce energy consumption in residential buildings by automating the on and off process of general equipment, which plays a major role in reducing overall energy consumption,".
According to the latest report by TechNavio, the increased adoption of wireless residential building automation systems is one of the major factors expected to drive market growth through 2019. Currently, several vendors offer wireless building automation systems for residential buildings that enhance comfort and reduce electricity consumption.
"Wireless automation systems are more suitable for current multi-storied residential buildings compared to wired systems, as they require less maintenance overall,".
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Covered in this Report
The Global Home Automation market can be segmented into four product segments: HVAC Control System, Security and Access Control System, Lighting Control System, and Others.
Global Home Automation Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Home Automation market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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