Home Automation Market Poised to Grow to US$ 21.0 Bn Globally by 2020

Zion Research has published a new report titled “Home Automation (Luxury, Mainstream, DIY (Do It Yourself) and Managed) Market by Networking Technology (Wired, Power-line, Computing Network and Wireless) for Lighting, Safety and security, HVAC, Entertainment and Other (Robotics and Heath care) Applications – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020”. According to the report, global home automation market was valued at around USD 5.0 billion in 2014 and is expected to reach USD 21.0 billion in 2020, growing at a CAGR of around 25% between 2015 and 2020.

Home automation is the residential extension of building automation. Home automation is all about automation of the home and household activity. Key aspects involved in home automation includes centralized control of lighting, HVAC (heating, ventilation and air conditioning), appliances, security locks of gates and doors and other systems, to provide improved convenience, comfort, energy efficiency and security. Home automation for the elderly and disabled can provide increased quality of life for persons who might otherwise depends upon someone else for their day to day activity.  Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Video Mount Products IWB-1B In-Wall Box

Video Mount Products IWB-1B In-Wall Box

As flat panels themselves become increasingly slimmer, customers are looking for even more ways to get these mounted TVs and monitors as flush with the wall as possible. The Video Mount Products IWB-1B is an in wall box that allows up to a 32-inch flat panel to fully collapse into a wall. It installs easily between two 16-inch on center wooden studs, has integrated cable and electrical knockouts, and a high load capacity. The IWB-1B works with the LCD-1B and LCD-2537B mounts. The IWB-1 is yet another option for discerning installers and customers who demand both aesthetic appeal as well as the famed VMP reliability. Whether in the office, commercial install, home, or any other application where a low-profile wall mounted flat panel option is desired, the VMP IWB-1B is the answer.