According to a new market research report by marketsandmarkets.com, the home automation system market was valued at $39.93 billion in 2016 and is expected to reach $79.57 billion by 2022 at a compound annual growth rate (CAGR) of 11.3 percent during the forecast period.
Home automation is no longer a thing of the past. Customers are seeking ways to intelligently control their homes in more ways than ever before, as evidenced by the number of new smart home products on display in this sector at the AHR Expo.
This home automation system enables homeowners to secure, control, and remotely manage their homes’ most critical systems from a mobile app. It provides homeowners a single solution to connect their heating and cooling, safety, and security systems.
Winning products are designed to enable users to optimize comfort and control in their homes
June 23, 2016
American Standard Heating & Air Conditioning, a brand of Ingersoll Rand, has received two Award for Design Excellence (ADEX) 2015 Platinum Awards. The AccuComfort™ Platinum 18 Air Conditioner and the Gold 824 Smart Control have both been recognized with ADEX awards, recognizing them for superior design.
Savings potential would exceed the total energy consumed by household consumer electronics
June 3, 2016
The increasing use of home automation technology through the Internet of Things (IoT) has the potential for substantial energy savings and greenhouse gas emissions reductions, according to a new study released by the Consumer Technology Association (CTA)™.
The company offers an edge-analytics sensor for the home and building automation markets
June 1, 2016
PointGrab announced that Corporate LiveWire has selected the company as its Innovation and Excellence Award winner in Home and Building Automation. The award is sponsored by the International Business Innovation Association.
North America held the largest share of the home automation market in 2015
May 17, 2016
The global home automation system market is forecast to grow from $32.11 billion in 2015 to $78.27 billion by 2022, increasing at a compound annual growth rate (CAGR) of 12.46 percent between 2016 and 2022, according to a new report published by MarketsandMarkets.
Building and home automation application segment is leading the market
May 6, 2016
The global energy harvesting system market is forecast to reach $974.4 million by 2022, increasing at a compound annual growth rate (CAGR) of 19.6 percent between 2016 and 2022, according to a new market research report published by MarketsandMarkets.