Mtn.View, CA (PRWEB) March 29, 2006
West Technology Research Solutions new Total Addressable Market Report details the predicted growth and demand in the major home applications for sensors and automated controls. The use of embedded smart sensors and controllers will grow as more manufacturers and home builders increasingly incorporate “smart” capabilities into the design of everyday items.
The growth potential in home automation has long been recognized in generalized statements, but now WTRS has released a major new analysis of the Total Addressable Market for electronic home improvement and automation applications. The report identifies and describes an extensive list of applications and market drivers as well as detailed forecasts and substantive data that is of immediate interest to a wide variety of manufacturers, homebuilders, designers and architects.
A sample of the findings includes these two areas:
1) The market for household safety sensors will rejuvenate the overall safety market, with the market for smoke and fire detectors growing to more than 96 million by 2010 in the US alone. Adoption of sensors into household safety equipment devices should lead to a total installed market in the US of 579 million nodes. Integral are the integration of sensors into mold detection, earthquake sensors, and child safety products.
2) In the US, the market for residential lighting controllers will grow to more than 1,272 million installed nodes by 2010. Controllers for residential lighting offer large revenue opportunities as integrated control over energy and lighting systems enables a higher level of energy conservation and cost savings.
The Report examines many other application areas in great detail.
The WTRS Total Addressable Market Report is a new category of market report, in that it encompasses virtually all aspects of the home automation application arena and defines current usage, forecasts growth by both technology and acceptance, and identifies market opportunities for suppliers who wish to participate in this coming boom.
Questions answered by this groundbreaking new TAM Report include:
What are the precise applications for sensor and control in the home?
Who are some of the end product manufacturers?
How do the end product manufacturers sell their products?
What are the key functions required by each application?
In which rooms of the home are the products found?
What is the addressable market for sensors and control nodes in a given application over the next ten years?
What are the technologies that can be used and how do they compare.
About WTRS: West Technology Research Solutions is an independent market research and consulting company focused solely on emerging wireless technologies since 1995. A true market leader in accurate forecasting, WTRS uses proprietary macroeconomic techniques as well as traditional research modalities.