Home automation: Key market research findings
- Increased demand for new services at home
- Development of centralized remote controls
Technavio has released a new market research report on the GCC home automation market, which is expected to grow at a CAGR of 15% between 2016 and 2020. Home automation involves the deployment of automation technologies, including HVAC, appliance automation, centralized controls of lighting, security mechanisms, access control for gates and doors, and devices and mechanisms, in a residential facility to enhance comfort, optimize operational costs, and prevent energy wastage. The GCC home automation market is witnessing positive growth due to factors such as regulations for power conservation, growing population, and demand for luxurious lifestyles.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The demand for home automation system is rising significantly as they are easily accessible and affordable. Most modern homeowners are adopting home automation systems owing to the benefits they offer through their services, convenience and easy installations. Moreover, growing use of 4G internet connectivity is boosting the demand for home automation solutions, which allows remote control and access to the homeowners,” says Bharath Kanniappan, Lead Analyst, Industrial Automation, Technavio Research.
Vendors are adding advanced features to the home automation systems to enhance the security and comfort requirements of modest sized homes as well. They are coming up with more advanced and convenient home automation systems by integrating all functions to the click of a single button. Some prominent vendors like Honeywell, Schneider and Johnson Controls have developed centralized remote controls, which control and regulate all devices with maximum ease and convenience. The introduction of the centralized remote control system with its advantages of ease and convenience is anticipated to fuel the GCC home automation market during the forecast period.
The leading vendors in the GCC home automation market are Honeywell, Johnson controls, Schneider and Siemens. Intense competition prevails in this market, where vendors offer a range of building automation products and solutions such as integrated lighting controls, HVAC controls, BEMS, and others, designed and engineered for residential purpose. Growing awareness of the benefits of home automation systems among homeowners in Kuwait, Oman, and Bahrain is likely to boost more installations in these countries
A more detailed analysis is available in the Technavio report, GCC Home Automation Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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