Home Automation and Control Systems Industry Boosted by Internet Use and Integration of Wireless Technologies: companiesan
- 2016 global home automation and control systems market valued at over $35,627.83 million
- Controlled lighting systems can save up to 80% energy
- Entertainment control is dominant segment
LONDON--(BUSINESS WIRE)-- By 2016 the world home automation and control systems market will have achieved a value of $35,627.83 million, representing a CAGR of 16.1% p/a when compared with the 2011 figure of $16,888.27 million. Advanced technologies have transformed the home automation and control systems industry and internet use has expanded its potential, according to a new report available on companiesandmarkets.com.
Global Home Automation & Control Systems Market By Products & Technologies
http://www.companiesandmarkets.com/Market-Report/global-home-automation-control-systems-market-by-products-technologies-689792.asp?prk=7c4ed5b510c1ffe12b50d9829eddaba2
Numerous products and technologies fall under the heading ‘home automation and control systems’, including lighting, security, access, HVAC, entertainment and outdoor.
Enhanced standards of living and convenience are cited as key reasons behind the growth of the home automation and control system market, which is forecast to grow rapidly over the reporting period of this research piece.
Widespread internet adoption and advancements in wireless technologies have also encouraged growth in the control systems market, as they allow users to control systems remotely and from great distances. Increased adoption of smartphones has also helped push the market, as they can be used in collaboration with the internet for monitoring and signalling purposes.
Another notable benefit exhibited by some home automation and control systems is energy reduction, particularly in terms of lighting.
The largest segment of the home automation market is entertainment controls, which includes audio/volume control, home theatres, keypads, multi-media room controls and touch screens.
Nearly thirty leading players in the home automation market are profiled within the report, including: ABB Ltd; AMX; Clipsal Australia Pty Ltd.; Cytech Technology Pte Ltd; Daintree Networks Inc.; Honeywell International Inc; Johnson Controls Inc; Legrand S.A.; Lutron Electronics Co. Inc; Royal Philips Electronics N.V.; Siemens Building Technologies AG; Synapse Wireless Inc and VITY Technology.
The global home automation and control systems research report, published in September 2011, contains 285 pages of insight into the market, including historical and forecast data for 2009-2016. The market is examined at length, with discussion of important influencing factors, key players and their technologies, trends, barriers/drivers for growth and future opportunities.
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KEYWORDS: United Kingdom Europe
INDUSTRY KEYWORDS: Technology Consumer Electronics Electronic Design Automation Home Goods Retail
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