Mar 4 2014
Research and Markets has announced the addition of the "Global Home Automation Market to 2018 with Johnson Controls, Honeywell, Schneider Electric & Siemens Dominating the Industry" report to their offering.
The Global Home Automation System market has many growth drivers, one of which is the need for enhanced safety and security at homes. Adequate deployment of effective safety systems provides a sense of greater protection for residential users.
The development of a centralized remote control system is the major trend that is expected to drive the Global Home Automation market during forecast period. The main benefit of a home automation system is the convenience and comfort it provides to the user. Vendors have developed a centralized remote control to monitor and control the complete home automation system. Vendors are developing a wireless hub that transmits and receives signals from the remote control to other systems or devices. The transmission between the controller and other devices happens seamlessly thus forming a network of devices enabling the controller to control all the devices.
Further, the report states that a major challenge in the market is the lack of effective product differentiation. The vendors of home automation systems are facing increased competition from other international vendors, and counterfeit building automation vendors, due to lack of product differentiation.
The key vendors dominating this market space are:
- Johnson Controls Inc.
- Honeywell International Inc.
- Schneider Electric SA.
- Siemens AG.
Other vendors mentioned in the report are:
- ABB Ltd.
- Acuity Brands Inc.
- AMX Corp.
- Control4 Corp.
- GE Co
- SmartHome Controls Ltd.
- Vantage Controls Inc.
For more information visit http://www.researchandmarkets.com/research/w8jhhq/global_home
Source: http://www.researchandmarkets.com