The revenue of safety and security application is expected to reach $6,132.4 million by 2020 with an expected CAGR of 34.6% from 2013 to 2020.
Portland, Oregon (PRWEB UK) 27 May 2014
Allied Market Research today announced the most critically analyzed report titled "Global Smart Homes, Buildings (Energy Efficient, Automated) Market (Applications, Technologies, Products and End-User), Size, Share, Trends, Analysis, Research, Future Demand, Scope and Forecast, 2013 - 2020." The study concludes that the global smart home and buildings market is expected to grow at a CAGR of 29.5% between 2012 and 2020. The market revenue of $4.8 billion in 2012 is expected to grow up to $35.3 billion by 2020. The main drivers for the growth of the market are government regulations, rising energy costs and raising awareness with respect to environmental concerns.
Get full access of the report at http://www.alliedmarketresearch.com/smart-home-automated-building-market.
Energy efficiency has become the need of the hour as the global energy cost is increasing owing to the ever growing demand and environmental concerns of greenhouse gas (GHG) emission. The construction business is embracing the energy efficiency trend and using building automation system to meet the growing demand for energy efficiency in smart homes and buildings. The global smart, automated and energy efficient homes and buildings market report published by Allied Market Research discusses the in-depth analysis of this market which includes the drivers, restraints and opportunities for its growth.
Browse all energy and power market reports at http://www.alliedmarketresearch.com/energy-and-power-market-report.
The revenue of safety and security application is expected to reach $6,132.4 million by 2020 with an expected CAGR of 34.6% from 2013 to 2020. "This market is expected to evidence significant growth due to growing security concerns and enhanced safety features that smart automation systems can currently offer. With an increase in the working population, safety concerns with respect to aged parents and children is the biggest challenge. Smart home address these issues with highly sophisticated remote monitoring technologies," states Shreyas Naidu.
However, there are some factors such as high upfront cost and lack of standards and interoperability which are expected to act as restraints for the market growth. North America is expected to generate revenue of $12.4 billion by 2020 growing at a CAGR of 25.9% from 2013 to 2020. However, the Asia-Pacific is a high-opportunity market that is expected to grow at a CAGR of 37.7% from 2013 to 2020.
Similar Market Studies by Allied Market Research
Global green energy market report at http://www.alliedmarketresearch.com/green-energy-market
Green energy is the energy produced by renewable energy sources. The energy produced is clean and does not cause any type of environmental hazards. Using green energy technologies, environment can be maintained at safe conditions. Government regulations can be complied with green technology solutions. The research details the market dynamics with the purpose of conveying market potential to businesses.
Global solar photovoltaic (PV) panel market report at http://www.alliedmarketresearch.com/solar-photovoltaic-panel-market
Solar panels generate electricity by using photovoltaic (PV) technology. The solar energy is stored and converted into electricity in the photovoltaic panels. The global solar energy market is expected to grow at a CAGR of 13.7% during 2012 to 2017, and solar panels would play a significant role in the growth of the market.
Global micro irrigation system market report at http://www.alliedmarketresearch.com/micro-irrigation-system-market
Irrigation is the process of providing water to dry land for crop cultivation.The micro irrigation process is of supplying water at frequent intervals above and below the soil’s surface. This method is widely used as discrete drops, and continuous drops formats that can be delivered through water delivery line.
Global circulating fluidized bed (CFB) boilers market report at http://www.alliedmarketresearch.com/circulating-fluidized-bed-CFB-boilers-market
Circulating Fluidized Bed (CFD) is a process of providing boilers and power plants maximum flexibility in burning variety of fuels. The CFB boilers market has seen a significant growth over the past three years due to increased need for power. Additionally, companies are using CFB boilers to adhere stringent government regulations pertaining to gas emission which is also a driving factor.
The report has profiled some of the key players of the market such as Cisco Systems, Control4 Corporation, Emerson Electric Co. Leviton, Honeywell International, LG Electronics, Schneider Electric, Siemens Buildings Technologies, Smarthome Inc., and United Technologies Corporation (UTC). The report also discusses the key strategies used by these companies to have a sustainable growth in the market.
Allied Market Research (AMR) is a global market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5320 SW Macadam Avenue,
Suite 100, Portland, OR 97239
Toll Free: +1(855)711-1555 (U.S. & Canada)
Google +: https://plus.google.com/+Alliedmarketresearch