Study - Innovation and Affordability Open up Home Automation to a Larger Audience
In the last three years, numerous home automation related products have been introduced into the market. Existing market players have upgraded their product lines, while new entrants have introduced new offerings. Everyone is increasingly focusing on smart technologies. Manufacturers of individual home automation functions, such as security, climate control, window treatment systems or access control, have launched new smart products.
New analysis from Frost & Sullivan (http://www.buildingtechnologies.frost.com) European Home Automation Market, finds that the market earned revenues of €223 million in 2012 and estimates this to reach €348.2 million in 2017.
While the home automation market is seeing a shift in technology and increased demand for novel products, the supply chain is also responding to such developments.
"While installation of home automation has been of interest almost exclusively to professional home automation specialists, an increasing number of manufacturers are trying to simplify home automation technology, and spread installation and programming know-how to more participants in the supply chain," noted Frost & Sullivan Environment and Building Technologies Senior Industry Analyst Hammam Ahmed . "They have intensified their focus on training traditional electrical contractors, and are exploring other routes to market in order to reach a wider customer base. This will have a positive impact on the supply chain in the future."
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