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U.S. Market for Home Automation Security and Technologies worth $8.1 Billion in 2014

05-14-2009 11:42 PM CET | IT, New Media & Software

Press release from: Electronics.ca Publications

U.S. Market for Home Automation Security and Technologies worth

ELECTRONICS.CA PUBLICATIONS, the electronics industry market research and knowledge network, announces the availability of a new report entitled "Home Automation and Security Technologies, Products, and Markets".

According to a new technical market research report, Home Automation and Security Technologies, Products, and Markets, the U.S. market for home automation and security technologies generated $2.3 billion in 2008 and an estimated $2.5 billion in 2009. This will increase to $8.1 billion in 2014, for a compound annual growth rate (CAGR) of 26.5%.

The market is broken down into segments of lighting, home entertainment and security, and heating, ventilation and air conditioning (HVAC) and energy management. The lighting, home entertainment and security segment has the largest share of the market, worth an estimated $1.3 billion in 2009. This is expected to reach $2.6 billion in 2014, for a CAGR of 14.1%.

The HVAC and energy management segment currently has the second largest share of the market currently, worth $998.3 million in 2008 and an estimated $1.1 billion in 2009. This should increase at a CAGR of 36.6% to reach $5.5 billion in 2014.

Home automation technology has been around for some time but has only recently begun to enter the mainstream. Reasons for home automationÕs 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 about energy and security to increase the attractiveness of technologies that promise to enhance the ownerÕs quality of life, while making the most efficient use of energy (especially electricity) and providing a sense of security.

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 prices are dropping.

Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications' web site. View the report: http://www.electronics.ca/publications/products/Home-Automation-and-Security-Technologies%2C-Products%2C-and-Markets.html

Electronics.ca Publications is a world-class research network and publishing company whose focus is technology and market research for the electronics industry. Our network spans dozens of areas of electronics expertise, and taps the knowledge of researchers and analysts internationally. We deliver critical information on the semiconductor, advanced materials, nanotechnology, electronics manufacturing, wireless technology and converging markets, to name a few.

Electronics.ca Publications
Chiaki Sadanaga
Communications Manager
+1 514 429 1520
3551 St-Charles Blvd., Suite 558
Kirkland
Quebec
H9H 3C4

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