Wednesday, 16 July 2014

Global Smart Homes and Buildings

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 aims at making all commercial buildings completely energy independent by 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”

·        -This report provides market intelligence with respect to applications, products, technologies, end-users and geography so that companies can make precise investment decisions.
·        -In-depth analysis of top factors such as drivers, restraints and opportunities affecting the market growth and their impact in the short and mid-term.
·        -Value chain analysis provides for the significance and role of all stakeholders of the market.

·        - Porter’s five forces analysis offers insights into the potency of buyers and suppliers and competitive scenario of the market.

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