The home automation market is growing at a significant rate, due to increasing demand for energy efficient and green product solutions; introduction of managed home automation services; price competitiveness because of large number of players; and innovation in communication, sensor, analytic, and touch screen technologies. The strong initiatives from government to promote green building and green cities are driving the growth of the home automation market. Power-line communication technology is creating its importance in power systems and home automation, which is providing ample growth opportunities for the home automation market at a considerable rate in the coming years.
With the help of home automation, the various electrical and electronic systems can be structured through the support of automation and computerized controls. Desktop PC is used as a server in the home automation control. Bluetooth or wireless fidelity (Wi-Fi) enabled devices, such as mobile phones and laptops are used to control the application based systems in the home automation system. The home automation systems are convenient to install and use and they also meet the interoperability requirements for various applications. However, challenges such as lack of skilled labor and unethical technological breaches are restraining the growth of the home automation market.
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Some of the standards and protocols followed in the home automation market are digital addressable lighting interface, building automation and control network, digital multiplexer (DMX), power line communication (PLC), Ethernet, National Electrical Manufacturers Association, Blackbox, Modbus, KNX Association, and LonWorks. Some of the wireless communication technologies used in the home automation market are Bluetooth, wireless fidelity (Wi-Fi), ZigBee, Enocean, and Z-Wave. Network technologies used in the market are code division multiple access (CDMA) networks, global system for mobile/high speed packet access (GSM/HSPA) networks, and long term evolution (LTE) networks.
Some of the factors driving the growth of the home automation market are increasing application areas, growing smartphone applications, up surging needs of the consumer for convenience, and connectivity safety. Some of the factors restraining the growth of the home automation market are low consumer awareness, dependency on real estate industry cycle, perceived security and health risks, and high initial investment and implementation cost.
Some of the competitors in the home automation market are Crestron Electronics Inc., Schneider Electric SA, Ingersoll-Rand PLC, United Technologies Corporation, Cytech Technology Pte. Ltd, Siemens AG, Johnson Controls Inc., ABB Ltd., Honeywell International Inc., and Legrand S.A.
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