Future of Building automation system- Home automation prospects

The trend of automating home activities by using intelligent terminals to control appliances and equipment has opened a hug Building automation market globally, bringing new exciting opportunities for technology companies. According to industry experts, the building automation systems market will be driven by the trend towards energy efficient, safe luxurious and convenient homes, smart homes. Forecasts for total market for smart homes in Asia pacific region will be 10 Billion USD by 2020.  This is just tip of the iceberg. 4G deployment & mobile services will boost these figures further. Smart Homes and Home automation being a privilege of a few rich is going to be truly a mass scale opportunity.

Although home automation in India is still a nascent market, in sync with global trend, the domestic home automation sector will see phenomenal growth in the next few years. According to an estimate, home automation sector in India is expected to grow at a CAGR of 24 % in the next 5 years. Metros like Delhi, Mumbai, Banglore, Chennai, Hyderabad, Ahmedabad are going to fuel this demand potential.

Growth opportunities in home automation market are due to increasing adoption of automated services and Govt incentives for green initiatives. Building automation Market will also be driven by the increasing demand for energy efficient solutions and rising security concerns. Factors such as employment opportunities, economic development, easy hosing finance, increasing urbanization, rising standards of living and increase in consumer spending on lifestyle products are also driving the growth of home automation. 

CCTV & electronics surveillance systems, HVAC control, smart technologies and their connectivity to one another is becoming reality. Now devices can connect and talk to each other. A large no of internet enabled but physically unconnected devices in India will be connected to the web and country become very relevant in machine to machine communication landscape in near future. This in turn would enable creation of an Internet of Things IOT ecosystem necessary for the connected home and concept of home automation will take off in a big way.

Home automation market includes, but is not limited to centralized controls for lighting, electronics surveillance, CCTV security, access control systems, HVAC systems. From applications perspective the market is classified into segments like lighting, safety and security, entertainment and energy management. The market share of safety and security exceeds that of entertainment applications due to rising concerns related to security among general public. With increased consumer spending on luxury items, HVAC Control, HVAC design & drafting, energy management services is going to increase.

The home automation market offers exciting revenue opportunities for sonsumer electronics companies as well as semiconductor companies dealing with embedded systems, embedded automation components and kits. However innovative products that widen the appeal of connected home technology for mass market will rule the market.

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