Smart House Equipment Market

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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