The E&SC practice at MarketsandMarkets is pleased to announce its Analyst Briefing Presentation on the “APAC Smart Homes Market by Products (Security, Access, Lighting, Entertainment, Energy Management Systems, HVAC, Ballast & Battery Pack), Services (Installation & Repair, Renovation & Customization) & Country - Analysis & Forecast (2013 - 2020)” to be held on 13 December, 2013.
The APAC region over the years has been witnessing a massive transformation in personal lifestyle. To lead a comfortable and convenient lifestyle has become what is called as minimum acceptable living requirements. This includes usage of high end electronic gadgets, smart appliances and being conscious about energy conservation and perseverance. And with energy conservation, smart home manufacturers have sensed opportunity to tap upon the potential market of APAC region. End users/homeowners tend to adapt to latest and innovative concepts such as the ‘Smart Homes’. Smart home product manufacturers have strategically designed their products which provide solutions to daily life problems such as security, convenience and comfort living for aging and disabled people. Smart homes device manufacturers are constantly developing innovative technologies, which include security control, access control, entertainment control, lighting control, energy management systems, home health systems, and HVAC control to name a few. Traditional houses were installed with selected or combination of home automation products which tend to have wired connections and are were controlled within house; thereby limiting the end users options to control when far from home. But with the recent developments across the different areas of connectivity of appliances and devices, these systems enable the users to monitor and control them even when they are on the move. Some of the major industry giants and manufacturers such Samsung Electronics (South Korea), Panasonic Corporation (Japan), Sony Corporation (Japan), Haier Group (China), Siemens AG (Germany), Schneider Electric (France) have passed resolution to manufacture and promote green solutions based products to protect and preserve environment. These manufacturers have developed solutions such as smart energy management systems. With the increasing awareness about energy efficiency and the effective use of the same, a majority of the home owners are driven towards the smart home concept. Governments across APAC region are also promoting for smart home concept which will lead to smart cities as a whole, thereby providing a healthier, safe and conducive living environment for its citizens. Many multinational companies operating in APAC region such as Siemens AG (Germany), ABB Ltd. (Switzerland), Legrand S.A. (France), Ingersoll Rand Plc. (Ireland), Schneider Electric S.A. (France), and Creston Electronics, Inc. (U.S.) are investing more and more into acquisitions and R&D activities to bring about more innovations and product development with respect to the smart homes products and technologies.
The report revolves around the different types of smart homes products and technologies deployed in the Smart Homes. The paradigm shift in the lifestyle of the end users/home owners from the traditional automation devices to the highly energy efficient and better connectivity based products has resulted in the adoption of modern and advanced technologies by the APAC smart homes market. Of the APAC smart homes market by products, the security control and the lighting control market are expected to grow at the fastest CAGR of 19.22% and 26.59% from 2013 to 2020 respectively.
Market dynamics of the APAC smart homes market is provided in this report, which includes the drivers, restraints, and opportunities. The market dynamics for individual smart homes products are also covered. The driving factors for the APAC smart homes market include lifestyle solutions with effective & efficient use of energy, Governmental organization/agencies promoting Smart Homes Concept, Ageing population to increase substantially from 2000 to 2025, Smart Homes offer Mobility, Comfort and convenience at fingertips, which are expected to drive the smart homes sales in the next seven years. The major restraints for the APAC smart homes market are the Lack of Awareness and usability prime concern for Smart Home Market, High Price of Systems exempts end users for adopting Smart Homes Market and Complexity of the systems and regional differences across APAC region. Large Homes and Commercial Segment projects across APAC real estate sector, growing interest in the consumer electronics industry, rising personal income & growing middle class in emerging economies are the key opportunities for the smart homes market. This report also throws light on the burning issues and winning imperatives for the APAC smart homes market.
The agenda for the briefing includes discussion on key high growth markets, thereby marking the growth trend in the APAC smart homes market by products and services. Furthermore, a briefing will be conducted on the competitive scenario and country specific trends and opportunities in the macro- and micro-markets with respect to China, India, Japan, South Korea and South East Asian countries which include Thailand, Malaysia, Indonesia, Vietnam and SIngapore.
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