IMARC Expects the Global Home Automation System Market to Reach US$84.4 Billion by 2024
Spurred by Growing Awareness About Efficient Energy Use As per the latest report by IMARC Group, titled “Home Automation System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global home automation system market size was US$ 51.9 Billion in 2018, growing at a CAGR of 7.8% during 2011-2018. Home automation systems […]
CEDIA Reveals UK Home Technology Market is Worth Almost GB£700 Million
Following a four-month market research programme that involved participation from technology integrators, CEDIA® has now revealed the results of the survey to provide a greater understanding of the UK home technology market. The extensive research project, which was carried out by market research firm, The Farnsworth Group from September 2018 to January 2019, defines the […]
Juniper Research Expects Smart Security to Drive Smart Home Automation Revenues to Exceed US$57 Million by 2024
Automation Revenues to grow by 202%; reaching more than a quarter of American households by 2024 New data from Juniper Research found that automation revenues will exceed $57 million by 2024, up from $18 million in 2019; driven by smart security solutions. Juniper’s new research, Smart Homes: Strategic Opportunities, Business Models & Competitive Landscape 2019-2024, […]
Energias Market Research Expects the Building Automation System Market to be Worth US$119.23 Billion by 2025
Growing number of smart cities is likely to increase the demand for Building Automation System Market; to Witness a CAGR of 11.2% during 2019-2025 The global building automation system (BAS) market is projected to reach USD 119.23 Billion while experiencing a CAGR of 11.2% during the forecast period. Factors driving the market growth are increasing […]
Fairhair Specification Enables IoT in Commercial Buildings via a Common, Building-Wide IT Infrastructure
Based on open standards, the Fairhair Specification defines a unified IP-based network infrastructure that enables streamlined building-automation systems with end-to-end security. The Fairhair Alliance has reached a key milestone with the publication of the Fairhair Specification. Fairhair is an organization of leading companies from the lighting, building-automation, semiconductor and IT industries that aims to facilitate […]
Opinion: manufacturers – don’t underestimate the value that distributors add!
By Julian Barkes, Bemco. The electrical industry has wrestled for a long time with the issue of trying to shorten the supply chain. The relationship between client, specifier, manufacturer, wholesaler and contractor used to be understood by everybody, but with facilities managers buying from Amazon, and margin-chasing contractors bullying manufacturers, the supply chain is getting […]
Adroit Market Research Expects the Home Automation Market to be Worth US$46.22 Billion by 2025
Home Automation Market will grow at CAGR of 12.5% to hit $46.22 billion by 2025 – Global Outlook by Size, Share, Top Leaders, Technology and Vendor Landscape Analysis The growing use of smart home automation in the development of smart cities, coupled with government regulations related to energy use and emissions aid smart home automation […]
Zion Market Research Forecasts Smart Home Market to be Worth US$53.45 Billion By 2022
Zion Market Research has published a new report titled “Smart Home Market (Smart Kitchen, Security & Access Control, Lighting Control, Home Healthcare, HVAC Control, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016-2022’’. According to the analysts at Zion Market Research, the global smart home market was capitalized at almost USD 24.10 Billion in […]
Fortune Business Insights Expects the Home Automation Market to be Worth US$114 Billion by 2025
The global Home Automation Market will gain from rapid adoption of smart home technology. Recently Fortune Business Insights, published a report, titled “Home Automation Market Size, Share and Global Trend by Product Type (Luxury Home Automation System, Mainstream Home Automation System, Managed Home Automation System, DIY Do It Yourself Home Automation System), Application (Safety and […]
NPD Expects US Home Automation Sales to Reach US$2.5 Billion By End of 2019
Shifts in consumer purchase behaviors show signs of a maturing marketplace According to The NPD Group, 22 percent of U.S. Internet households reported owning a smart home device in Q4 2018, up from 17 percent in Q4 2017. Alongside ownership growth, 2018 saw an 18 percent dollar sales growth in home automation devices compared to […]