London, 16 January 2015 – The Global Home Automation System Market is expected to grow significantly at a CAGR of 56.75 percent from 2014-2019, according to a new report from tech-focused research firm TechNavio.
The demand for electricity is increasing at a steady rate. Residential buildings play a crucial role in energy consumption, and these buildings are expected to be consuming more than 13 percent of total energy worldwide by the end of the projected period.
“Home automation systems like general lighting controls and HVAC controls help reduce energy consumption in residential buildings by automating the on and off process of general equipment, which plays a major role in reducing overall energy consumption,” says Faisal Ghaus, Vice President of TechNavio.
According to the latest report by TechNavio, the increased adoption of wireless residential building automation systems is one of the major factors expected to drive market growth through 2019. Currently, several vendors offer wireless building automation systems for residential buildings that enhance comfort and reduce electricity consumption.
“Wireless automation systems are more suitable for current multi-storied residential buildings compared to wired systems, as they require less maintenance overall,” says Ghaus.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
- Industrial Automation Service Market in the EMEA Region 2015-2019
- Global Laboratory Automation Systems Market 2014-2018
https://www.technavio.com/%3Cp%3E%3Cstrong%3EAbout%20TechNavio%3C/strong%…
