This
report provides valuable information on the global home automation
market, which was worth USD 3.6 billion in the year 2012 and is
estimated to grow at a rate of 24.5% CAGR during the 2013 to 2019
period.
Browse
Home Automation Market Report with Full TOC at
http://www.transparencymarketresearch.com/home-automation-market.html
Home
automation allows a homeowner to control and manage different parts
of a home with a remote control or with a cell phone. A home
automation system provides convenience and security both.
It
is up to a homeowner how he/she wants to set up a home automation
system. Some of the equipment in this system includes voice
recognition systems, sensors, heat detectors, smoke detectors, etc.
Automated
security and lighting are very popular among consumers. Most
homeowners opt for a home automation system because of security
reasons. Families with children/elderly can especially benefit from
the security that a home automation system provides.
The
home automation system can alert the resident(s) of the home of
break-ins and also of any water leaks present in the house. One can
also set up emergency phone calling in the security system for
important numbers.
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The
owner of a smart home can turn on or off the lights with a remote.
He/she can also set timing for the sprinkler to turn on and off
automatically. One can also control opening and closing of gates,
doors, windows, blinds, and curtains. One can even control the
temperature of individual rooms in a smart home.
The
market for home automation is at a point of inflection and it is
marked by complexity of solutions. There is increased competition
between the inter and intra industries. The market is also
characterized by multiple and incompatible standards and high-priced
products.
Installation
of many products in a home automation system is difficult and there
is underlying demand in the market for a universal solution for an
easy installation of products which work across various platforms.
Also, once the products are priced competitively they will be
available for the masses which will help the market grow further.
Currently, the home automation market is a luxury dominated market.
Browse
Press Release Home Automation Market
http://www.transparencymarketresearch.com/pressrelease/home-automation-market.htm
According
to the networking technology, the home automation market is segmented
into wired, power line, computing networks, wireless, and others
(X-10, Wavenis, and Insteon). Networking technologies are competing
among themselves for dominance.
According
to a recent report published by US market intelligence company
Transparency Market Research, the global home automation market was
valued at USD 3.6 billion in the year 2012. It is expected to grow at
a rate of 24.5% CAGR during the period of 2013 - 2019.
North
America is the largest market for home automation systems and is
expected to remain so with U.S. growing as the single largest market
during the forecast period. During 2012, its revenue share was
reported at 40.7%. Other countries such as Germany, China, India, and
Australia are considered as high potential market by many industry
players.
The
new report on home automation market by Transparency Market Research
offers a detailed new outlook into the market activities, factors
influencing the growth, factors restraining its growth, the cross
sectional analysis of the market for home automation systems
established on factors like geography, applications, system type, and
networking technology.
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Market Research (TMR) is a market intelligence company, providing
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and analyze information.
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research experts, so that it always reflects the latest trends and
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Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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