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Home Automation Market Is Growing At a Significant Rate, Due To Increasing Demand for Energy Efficient and Green Product Solutions
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Some of the standards and protocols followed in the home automation market are digital addressable lighting interface, building automation and control network, digital multiplexer (DMX), power line communication (PLC), Ethernet, National Electrical Manufacturers Association, Blackbox, Modbus, KNX Association, and LonWorks. Some of the wireless communication technologies used in the home automation market are Bluetooth, wireless fidelity (Wi-Fi), ZigBee, Enocean, and Z-Wave. Network technologies used in the market are code division multiple access (CDMA) networks, global system for mobile/high speed packet access (GSM/HSPA) networks, and long term evolution (LTE) networks.
On the basis of type, the home automation market can be categorized as mainstream home automation systems, managed home automation services, luxury home automation systems, and do–it-yourself (DIY) home automation systems. The home automation market can also be categorized on the basis of networking technology as computing network home automation systems, wired home automation systems, wireless home automation systems, and power-line home automation systems.
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Some of the factors driving the growth of the home automation market are increasing application areas, growing smartphone applications, up surging needs of the consumer for convenience, and connectivity safety. Some of the factors restraining the growth of the home automation market are low consumer awareness, dependency on real estate industry cycle, perceived security and health risks, and high initial investment and implementation cost.
Some of the competitors in the home automation market are Crestron Electronics Inc., Schneider Electric SA, Ingersoll-Rand PLC, United Technologies Corporation, Cytech Technology Pte. Ltd, Siemens AG, Johnson Controls Inc., ABB Ltd., Honeywell International Inc., and Legrand S.A.
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