NEW YORK, Jan. 8, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
INTRODUCTIONSTUDY GOALS AND OBJECTIVES
Home automation technology has been around for decades, but it is only now starting to enter the mainstream. The reasons for home automation's growing popularity include developments on the demand side as well as the supply side. On the demand side, rising incomes and standards of living have combined with increased concerns regarding energy and security to increase the attractiveness of technologies that promise to enhance the owner's quality of life, while also making the most efficient use of energy (especially electricity) and providing a sense of security. In addition, many would-be homebuyers are young, technologically savvy people with an affinity for the latest electronic devices, thus creating a favorable market environment for home automation systems.On the supply side, the declining cost and complexity of new home automation products is helping to attract new buyers. Until a few years ago, the cost of quality home automation components was prohibitive for all but the enthusiast market, but now volumes are rising and prices are dropping. In fact, the cost of installation labor and the expense of educating electricians in this field are becoming the most inhibiting factors. Fortunately, other developments are helping to reduce the difficulty and cost of installation. These developments include the growing use of standards-based wireless technologies that allow home automation devices to integrate seamlessly and minimize the need for special wiring to connect them. This report characterizes and quantifies the global market potential of residential building automation products, which different elements (integrated management systems; heating, ventilation, and air-conditioning [HVAC]; energy management; lighting; security). The goal of this report is to provide an understanding of the market factors, state-of-the-art developments and economic influences driving the residential building automation market. The study analyzes the different components of the industry, the influence of networking technology on building automation and the impact of the different components in various world markets such as Europe, North America, Asia (including Australia) and the rest of the world. The study contains information that is useful for planning production and the targeting of market efforts for the delivery of residential building automation systems as well integration with other systems. Trends in the market are investigated, particularly the increasing emphasis on energy management, the growing need for security systems and the impact of computer technology on management. Attention is focused on markets for single-family homes. Projections are provided for the total building automation market through 2017, along with estimates of the market in terms of dollar revenue for each type of automation (i.e., integrated management system, HVAC, energy management, lighting and security) alone and the cumulative totals for the market overall. Forecasts are provided to quantify the differences between revenues for equipment (e.g., hardware, software, networks) and for consulting services, which include such facets as design and consultation work, installation, training, commissioning, operations and maintenance.