Smart House Equipment Market

Smart House Equipment Market Overview, Cost
Structure Analysis, Growth Opportunities
“Smart Home Equipment Market is expected to witness a growth in given forecasted
period owing to fact that there is increasing demand of pre-programmed applications
that have capability to remotely control the security cameras, music, lights and
appliances.”
Smart Home Equipment Market is expected to witness a growth in given forecasted period owing to fact that
there is increasing demand of pre-programmed applications that have capability to remotely control the security
cameras, music, lights and appliances. An increase in disposable income of people around the world is also
propelling the growth of smart House equipment market. Increasing availability of “self-help smart home
application” is also helping in the growth of smart House equipment market. Latest developments in various
field of connectivity of appliances is also helping the smart House equipment market to grow. Real estate
industry is expected to witness a massive transformation in the given forecasted period due to new innovation
concepts that will be implanted. This will also help in fuelling the growth of smart home equipment market.
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Smart home equipment market is ready to emerge owing to increasing digital addictiveness, changing societal
trends and increasing demand of digital ecosystem. Increasing digital addictiveness means that there will be
increase in the usage of portable devices (mobiles, smartphone etc) which are the best counterparts of smart
home equipment industry. Changing societal trends means, as society is ageing, there will be greater old
population all over around the world which would need Smart home services which in turn will fuel the growth
of smart House equipment industry. Increasing demand of digital ecosystem have forced large players to
position themselves in smart home equipment industry which would drive the growth of industry in the given
forecasted period. These are the key trends which are expected to drive the market in the forecasted period.
Another main driver that is driving the smart home equipment industry is smart grid .Smart grids are mainly the
amalgamation of various smart technology such as smart meters, small wind generator, home energy
management systems and power grid. Companies in smart home equipment industry are innovating user
friendly platforms for end consumers. This has helped smart home equipment industry to improve their
serviceability. Another driver for smart home equipment industry are smart grids. Globally, Smart grid
technology market is expected to witness growth over the forecasted period owing to aging power grid network.
Decreasing reliability of power grids on account of environmental changes and power blackouts, has resulted in

further development of power grid. BY integration of various smart grid technology reliability of power grid
could be achieved .Some other drivers which will fuel the growth of market over the forecasted period are
advancement in infrastructure industry, advancement in IT and Telecom industry.
Another prominent driver for Smart home equipment industry is IoT (internet of things) trend. Iot means
integration of wireless and digital technologies in physical systems and objects. IoT will be significantly
amplified over the forecasted period as the number of devices connecting to internet is increasing day by day.
So the smart home equipment industry is likely to have more devices that can be integrated in the smart home.
Another factor that will fuel the growth of smart home equipment industry rising tablet market. As tablet could
be used for providing the effective remote control to manage all the systems. Another driver that are driving the
smart home equipment market are increasing government regulation on energy consumption, increasing energy
cost, increasing awareness about security concerns and environmental changes. The main challenges for smart
home equipment market industry are poor manageability, difficulty in integration of security system and high
ownership cost. The demand of smart home is deeply affected by the overall demand of house. So the smart
home equipment industry is also affected. Lack of standardization is another factor that can pose challenge for
smart home equipment market. The smart home equipment industry faces many challenges because of
widespread adoption.
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On the basis of region, the market can be segregated into Asia Pacific, North America and Europe. North
America is expected to be witnessed largest market for smart home equipment industry owing to the increasing
number of residential buildings and renovation. Due to high adoption rate and continuous growth in North
America .The need to lower the power consumption and high investment in infrastructure is expected to drive
the growth of smart home equipment market in Asia Pacific and Europe. Smart home equipment market can
also be segregated into home assistance, e-health, home security/automation, home cloud. Home automation
means designing A UI by which functionality of home security, u tility management, home energy and lightning
and entertainment can be controlled centrally. The challenge for this part is disparity in technologies. Home
assistance means configuration of repair and maintenance services for tv pcs etc. The main challenge for this
part is fragmentation of solutions offered in this field. Home cloud mainly include sensors, digital data and
productive documents (emails etc). In this sector telecom providers can leverage their customer loyalty. In e-
health sector telecommunication companies have high opportunity. Telecommunication companies offer unique
cost control.
The major competitors in this market are Creamic Fuel Cell Ltd, Landis+Gyr AG, Iskraemeco, Gintech Energy
Corp., Plug Power, SFC Smart Fuel Cell Inc, Suntech Power, Sunpower Corp, Hydrogenics Corp, Itron Inc.,
Horizon Fuel Cell Technologies, Morphic Fuel Cells, Protonex. Other than these companies google and apple
are also entering in the market, apple introduced its new coming at CES 2015 which was smart home platform
named as HomeKIt. Nest that is owned by google is trying to build an ecosystem of product which could
connect to smart smoke detector and thermostat.
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