Report Highlights
- The U.S. market for home automation and security technologies and products was worth $2.3 billion in 2008 and an estimated $2.5 billion in 2009. This should reach $8.1 billion in 2014, for a compound annual growth rate (CAGR) of 26.5%.
- Entertainment and security technologies have the largest share of the U.S. market, generating $1.3 billion in 2008. This segment is expected to remain steady in 2009 but is expected to be worth $2.6 billion in 2014, for a CAGR of 14.1%.
- HVAC and energy management generated $998.3 million in 2008 and an estimated $1.1 billion in 2009. This is expected to grow at a CAGR of 36.6% to reach $5.5 billion in 2014.
INTRODUCTION
STUDY BACKGROUND
Home automation technology has been around for some time but has only recently begun to enter the mainstream. Reasons for home automation’s growing popularity include developments on the demand side as well as the supply side.
- Identifying the home automation technologies with the greatest commercial potential over the next 5 years (2009 to 2014);
- Estimating the market for these technologies in 2007 to 2008
- Analyzing the technical, economic and other demand drivers for these products, and other prerequisites of success in these markets
- Projecting the potential U.S. markets for these technologies through 2014.
- Lighting controls
- Heating, ventilation and air conditioning (HVAC) controls
- Energy management controls
- Entertainment controls
- Security controls
- Integrated (multi-function) controls
- Controllers
- User interface devices
- Sensors
- Actuators and output devices (e.g., dimmers, automated window coverings, dampers, etc.)
- Wiring and networking devices
- Executive summary
- Definitions
- Home automation functions
- Enabling technologies
- Market environment (economic conditions, consumer attitudes)
- Current (2007 to 2008) and projected market for home automation technologies and products through 2014
- Developers and suppliers of home automation products
- Key patents
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