|By Business Wire||
|November 21, 2012 09:40 AM EST||
Research and Markets (http://www.researchandmarkets.com/research/72mztw/global_home) has announced the addition of the "Global Home Automation Systems Market 2011-2015" report to their offering.
One of the key factors contributing to this market growth is the need to reduce residential energy consumption. The Global Home Automation Systems market has also been witnessing the emergence of flamboyant controls. However, the lack of awareness could pose a challenge to the growth of this market.
Key vendors dominating this market space include Honeywell International Inc., Schneider Electric Co. and Siemens Building Technologies Inc.
Other vendors mentioned in the report are ABB Ltd., AMX Corp., Control4 Corp., GE Security Inc, Home Automation Inc., SmartHome Controls Ltd. and Vantage Controls Inc.
Commenting on the report, an analyst from TechNavio's Engineering team said: ''The controllers of the home automation system are getting brighter and more flamboyant every day in order to keep the users interested and entertained. This trend is largely seen in the US and the European countries in order to elude the competition. Thus, several major vendors are opting to develop flamboyant controllers with innovative and attractive features in order to stay ahead of the local players in the market. Home automation manufacturers are including multimedia platforms such as flash, java, and guifx into their device's software to add fancy features to the touch panel control device. This trend is also seen with respect to the functionalities of the device, for instance, the graphic layout resizes itself to fit into a different interface, enhancing the user experience. Thus, this trend is expected to have a positive impact on the growth of the market during the forecast period.''
According to the report, the demand for electricity is increasing at a steady rate across the globe. It is estimated that the global demand for energy will rise tremendously by 2030, and therefore it has become imperative to reduce energy consumption. Residential buildings play a crucial role in the consumption of energy. It is estimated that residential buildings consume some of its share from the energy consumed across the globe. The home automation systems such as general lighting controls and HVAC controls help in reducing the energy consumption in a residential building by automating the on and off process of general equipment. They also help the consumer to monitor and control the energy usage even from a remote location. Thus, the home automation system plays a major role in reducing energy consumption in residential buildings.
For more information visit http://www.researchandmarkets.com/research/72mztw/global_home
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