Home Automation Market : Easy Management of Home Systems to Boost Adoption

Global home automation market was valued at USD 4.41 billion in 2014, growing at a CAGR of 26.3% from 2014 to 2020. Home automation systems refer to all such systems, whether used as a single application or as integrated solutions that are used to automate processes. They are electricity powered and are manually controlled (such as turning on the AC, dimming lights, managing entrance gate and cameras, operating smart appliances in a house, and so on. With technological advancements in several developing countries across the globe, home automation solutions are evolving continuously. Modern day home automation solutions utilize high end digital technology for providing better performance and efficiency.

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The global home automation market is segmented by region into North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW). The home automation market is primarily driven by growing need for effective solutions in various domestic applications such as lighting, safety and security, energy management, entertainment (audio and video), and HVAC (heating, ventilation, and air conditioning). High degree of internet connectivity and penetration in developed countries such as the U.S., the U.K., France, and Germany are also contributing to the growth of home automation market globally.

Geographically, North America led the home automation market in 2014 and the region is expected to continue its dominance by 2020. The region’s dominance is due to advancement in technology in countries such as the U.S. and Canada. Moreover, consumer awareness and affinity towards new technology is further contributing to the growth of home automation market in North America. Europe and Asia Pacific followed North America in the global home automation market to collectively account for more than forty percent of the global market revenue share.

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HVAC or Heating, Ventilation, and Air-conditioning to be Core Needs of Homeowners

The global market for home automation has been segmented on the basis of application into entertainment in the form of home video and audio, HVAC or heating, ventilation, and air-conditioning, security and safety, lighting, robotics, and healthcare, among others. These application employ home automation intensely as they are preferred to be controlled automatically by the homeowners. Homeowners are exhibiting a particular affection for HVAC systems as the demand for this is expected to rise in the coming years owing to the demand for these systems from automated and high-end homeowners. Moreover, the burgeoning of high speed internet connection in developed countries is likely to arise as a prime factor that the home automation market is dependent upon. High speed connectivity of internet enables for a comparatively smoother communication between devices. It is expected to play an important part in the application of several home appliances in France, Germany, the U.K., and the U.S.

Region-wise, the global home automation market is classified into North America, Asia Pacific, Europe, and the Rest of the World. The region that has been leading the market in the last couple of years and is expected maintain the leading position is North America. This leading position can be attributed to the rising demand for solutions pertaining to home automation in the region, growing penetration of smartphones, and enhanced connectivity speed of modes. The presence of high end technologies in Canada and the U.S. is further expected to give the market a further boost in the region.

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Energy Conservation to be Main Point of Focus Regarding Deployment

A noteworthy factor employed in courtesy of the global home automation market presently is its aptitude to endorse energy preservation and accomplish overall energy intake in a home. The reducing natural resources are hitting a high stress on the energy supply across the globe, while the demand only seems to rise. Home automation thus develops one of the approaches used by a distinct entity or a family for minimizing their daily energy consumption. Another trend which is visible in the propagation of home automation is the increasing use of smartphones across the globe. Smartphones permit a user to take advantage of a high degree of regulation over a smart home, thus conveying a greater kinship for customers towards home automation.

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