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
KEY BENEFITS
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
Porters five forces analysis offers insights into the
potency of buyers and suppliers and competitive scenario of the market
SWOT analysis and strategic developments of key players are
included in the report so that companies can understand moves of competitors
and make the required changes to have a sustainable growth
Examine the challenges and opportunities in the smart homes
and buildings market so that companies can overcome the challenges and
capitalize on the opportunities
Estimations are derived from the current market situation
and projected future trends for the period of 2013-2020 with 2012 as base
figures
Geographic analysis offers in-depth suggestions of the
trends in various region; therefore, companies can make region specific
strategies to gain competitive advantages
KEY AUDIENCES
Smart homes and buildings technology, product and solutions
providing companies, dealers, and wholesalers
Any other companies interested in entering the smart
buildings market
System integrators and software vendors
Academic and research institutes
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