Global Home Automation Products Market Technologies Analysis in New Research Report at ReportsnReports.com
(PR Web Via Acquire Media NewsEdge) Dallas, Texas (PRWEB) February 15, 2013
Residential building automation systems feature a suite of components that include: Energy management, HVAC, Integrated, Lighting management, Security and access control.
This report examines technologies, markets and factors influencing the markets for integrated control systems and systems that integrate the controls of various subsystems. Markets are forecast on the basis of historic activity and current opportunities, government initiatives and policies, and the status of the construction and renovation industries in specific nations.
The forecasts presented are for the total available markets. Some discussion is provided that compares actual revenues with market potential on various continents. Markets are broken down on a geographic basis and discussed within the context of the trends in construction activity, regulatory initiatives and the revenue potential associated with building automation systems market.
The bulk of the revenue comes from North American and European markets while revenue in Asia, South America and Africa is also included. A detailed analysis of the residential building automation market potential in these geopolitical economic regions is used as a basis for estimating world markets for these products. Thorough analyses are carried out on construction industry practices in the target regions. Trends toward the uptake of building automation products and costs are examined, along with associated laws, regulations and common practices.
Identification has also been made of the prime party in the project chain that makes the decision on which and to what extent a building automation configuration is selected for a building project. Geographic and environmental factors influencing requirements for the systems are examined, as are national and international responses to global environmental challenges.
Home automation technology has been around for decades, but it is only now starting to enter the mainstream. The reasons for home automation’s growing popularity include developments on the demand side as well as the supply side. On the demand side, rising incomes and standards of living have combined with increased concerns regarding energy and security to increase the attractiveness of technologies that promise to enhance the owner’s quality of life, while also making the most efficient use of energy (especially electricity) and providing a sense of security. In addition, many would-be homebuyers are young, technologically savvy people with an affinity for the latest electronic devices, thus creating a favorable market environment for home automation systems.
On the supply side, the declining cost and complexity of new home automation products is helping to attract new buyers. Until a few years ago, the cost of quality home automation components was prohibitive for all but the enthusiast market, but now volumes are rising and prices are dropping. In fact, the cost of installation labor and the expense of educating electricians in this field are becoming the most inhibiting factors. Fortunately, other developments are helping to reduce the difficulty and cost of installation. These developments include the growing use of standards-based wireless technologies that allow home automation devices to integrate seamlessly and minimize the need for special wiring to connect them.
This report characterizes and quantifies the global market potential of residential building automation products, which different elements (integrated management systems; heating, ventilation, and air-conditioning [HVAC]; energy management; lighting; security). The goal of this report is to provide an understanding of the market factors, state-of-the-art developments and economic influences driving the residential building automation market. The study analyzes the different components of the industry, the influence of networking technology on building automation and the impact of the different components in various world markets such as Europe, North America, Asia (including Australia) and the rest of the world.
The study contains information that is useful for planning production and the targeting of market efforts for the delivery of residential building automation systems as well integration with other systems. Trends in the market are investigated, particularly the increasing emphasis on energy management, the growing need for security systems and the impact of computer technology on management. Attention is focused on markets for single-family homes. Projections are provided for the total building automation market through 2017, along with estimates of the market in terms of dollar revenue for each type of automation (i.e., integrated management system, HVAC, energy management, lighting and security) alone and the cumulative totals for the market overall. Forecasts are provided to quantify the differences between revenues for equipment (e.g., hardware, software, networks) and for consulting services, which include such facets as design and consultation work, installation, training, commissioning, operations and maintenance.
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