06-21-2017 02:15 PM CET - IT, New Media & Software
Print

Evolving Industry Trends : ZigBee Home Automation Market Tremendously Expand at a CAGR of 26% by 2020

Press release from: ZigBee Home Automation

Albany, New York, June 21, 2017 : ZigBee-enabled devices in home automation is gaining a lot of traction with high growth rates in application segments like smart lighting, media, and security. Vendors like Midea Group, a manufacturer of electrical appliances, have joined ZigBee Alliance, in view of the potential of the market. Low power sensors consume less power and allow device to get connected, which have substantial growth opportunities in smart home automation. Protocols like ZigBee and Thread are the most prominent in the market. The market for smart home automation is growing at a slow rate. As a result, vendors like GreenPeak are trying to increase awareness about the market and developing solutions, which facilitate both protocols. The company's GP712, a small footprint 24 pin quad flat no-lead (QFN) package (radio chip), facilitates both ZigBee and Thread technologies to support the increasing demand for smart home automation in devices like STBs and gateways.

Technavios analysts forecast the global ZigBee home automation market to grow at a CAGR of 26% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global ZigBee home automation market for 2016-2020. To calculate the market size, the report considers the number of unit shipments of ZigBee-enabled home automation devices like connected bulbs, smart lighting systems, on/off switches, dimmable lights, color dimmable lights, dimmer switches, color dimmer switches, light sensors, heating/cooling units, smart thermostats, door locks, door lock controllers, home gateway/energy management systems, intruder alarm system (IAS) control and indicating equipment, STBs, smart remotes, occupancy sensors to end-users, including residential customers and commercial customers that are focused on reducing energy consumption.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Get PDF for more Professional and Technical insights @ www.researchmoz.us/enquiry.php?type=S&repid=810447

Technavio's report, Global ZigBee Home Automation Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Atmel
Digi International
Freescale Semiconductor
GreenPeak Technologies
NXP Semiconductors
Silicon Laboratories
STMicroelectronics
Texas Instruments

Other prominent vendors
AAC Technologies
Aclara Technologies
Autani
Computime
Energate
HPL Electric and Power
Itron
Legrand
Melange Systems
Microchip Technology
MMB Networks
OKI Semiconductor
Profile Systems
SENA Technologies
Tendril Networks
TimeLox
Trilliant
Telegesis

Market driver
Development of ZigBee standards to support IoT devices
For a full, detailed list, view our report

Market challenge
High initial cost of smart products
For a full, detailed list, view our report

Market trend
Emergence of internet-connected lightbulbs
For a full, detailed list, view our report

Make an Enquiry of this report @ www.researchmoz.us/enquiry.php?type=E&repid=810447

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.

ResearchMoz
90 State Street,
Albany, NY 12207,
United States

This release was published on openPR.
News-ID: 590160 • Views: 245
More releases More releases
Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR.
openPR disclaims liability for any content contained in this release.

You can edit or delete your press release here: