The home automation systems market is expected to grow at a CAGR of 12.46% between 2016 and 2022


HeatingSave – making homes more energy efficient

The worldwide market for home automation systems is expected to grow at a CAGR of 12.46% between 2016 and 2022 and be worth $78.27 billion by 2022, a new market research paper from ReportsnReports has been able to suggest.

The report suggests that the main driving factors for this segment will be a significant growth in the Internet of Things (IoT) products & applications and cost reduction measures enabled by home automation systems. Other important factors will be the growing demand for energy efficient buildings offering enhanced security, with the commercial buildings sector set to hold the largest share of the building automation system market.

Although North America held the largest share of the global home automation system market in 2015 because of factors such as the increasing demand for reliable home energy management systems, enhanced home security levels, and growing popularity of integration of smart devices such as tablets and smartphones in home automation solutions, the home automation system market in Asia-Pacific is expected to grow at the highest rate. Strong economic growth, increasing population and improving standards of living and rapid urbanization leading to a sophisticated infrastructure are some of the major factors driving the growth of the market in this region.

HeatingSave – the perfect home automation solution

The best solution for reducing and thoroughly managing energy bills is the implementation of a solid and reliable Building Energy Management system.

Building Energy Management Systems are capable of delivering extensive monitoring and control options, compared to basic controls. They typically employ data from a variety of sources (boiler flow and return sensors, internal and external temperature sensors, occupancy sensors, humidity sensors, etc.), and enable the perfect optimization of a building’s boiler-based central heating system.

If you’d like to find out more about the savings enabled by the HeatingSave Building Energy Management System, just contact our dedicated product team, they’ll be more than happy to answer all of your questions and queries.

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