Research Beam added report on “World Smart Homes Market Technology, Growth and Research – Global Smart Homes, Buildings (Energy Efficient, Automated) Market (Applications, Technologies, Products and End-User), Size, Share, Trends, Analysis, Research, Future Demand, Scope and Forecast, 2013 – 2020”
The global smart homes and buildings market is expected to grow at a significant CAGR of 29.5% between 2013 and 2020. This is attributed to rising energy costs and government initiatives. Some of the key government initiatives include regulations such as Commercial Buildings Initiatives(CBI) by the U.S. government which aims at making all commercial buildings completely energy independent till 2025. This implies that commercial buildings should have facilities to generate onsite power. Energy efficiency has become the need of the hour as it is expected that energy demand would increase by 40% between 2010 and 2040. The key restraint for the growth is the high upfront investment that is required for well-integrated smart technologies. Perceived value versus the cost issue is still a concern that is impacting the adoption rates. Increasing smart homes and buildings with well-integrated and applied technologies will precisely lead to envisioned concept of “Smart Cities”
Read Full Report with TOC @ http://www.researchbeam.com/smart-home-automated-building-market
OBJECTIVES & SCOPE
High end security areas such as airports, consulates etc are excluded from the scope of the study. Similarly smart appliances such as remotely manageable dishwashers, washing machines etc are excluded from the study. The report intensively focuses on integrated technologies that enable the end users to manage remotely, save energy, enhance safety through smart homes or buildings. Therefore, corporate buildings with simple access entry points and technologies are not defined as smart buildings in the context of the report.
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