According to a new market research report, “APAC Smart Homes Market - By Products (Security, Access, Lighting, Entertainment, Energy Management Systems, HVAC, and Ballast & Battery Pack), Services (Installation & Repair, Renovation & Customization) and Geography - Global Forecasts and Analysi 2013 - 2020 ”, the total market for the APAC smart homes market will be worth $9.28 billion by 2020 at an estimated CAGR of 16.73%.
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Siemens AG. (Germany) is dedicated to automation of homes in all aspects and has the presence in markets across various geographies. The company provides full range of products and services for an intelligent smart home, from across the business divisions it operates from. For instance, the information & communications division offers communications; automation & control provides automation & drives; medical for home healthcare; lighting from OSRAM; appliances from BSH (Bosch & Siemens Appliances) and IT equipment from Fujitsu Computers.
Due to large geographic area of APAC region various factor affect across the region affect the decision making process of end users to adopt smart home concept. These factors either drive or restrain the smart homes market towards growth. There are various factors that are driving the implementation of smart home systems; such as home energy consumption, regulatory initiatives, and more. Due to the potential growth in the APAC smart homes market, numerous startup companies have emerged to offer smart homes solutions and are having strong presence in their niche market share. There has been a rise in partnerships among the industry players such as Honeywell, International, Inc. (U.S.) and Haier Group (China) signed for Honeywell International, Inc. and Haier Group (China) signed memorandum of understanding for global strategic cooperation on the development and promotion of energy-efficiency products and solutions. Whereas, MoU’s was signed between associations such as the Continental Automated Buildings Association (CABA) and China Smart Home Industry Alliance (CSHIA), to promote Chinese Smart Home manufacturers to export and sell their products into European markets while CABA members can also promote their trade services across China smart homes market. All the major industry leaders are contributing extensively to research and development activities to get the first mover advantage in APAC smart homes products or services and Crestron Asia Ltd., headquartered at Hong Kong has currently outweighed industry leaders in contributing to new products and development to the APAC smart homes market.
Browse 124 market data tables and 74 figures spread through 368 pages and in-depth TOC on "APAC Smart Homes Market"
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The company is involved in huge investments in research & development of smart home products. Recently, the Siemens Building Technologies division launched second-generation RDD/RDE room thermostats. The thermostats have a contemporary design and new touch controls that allow them to be operated without pressing any buttons. Also, the division introduced new passive infrared motion detectors that offer protection against intrusion. These devices employ the patented “Magic Mirror technology” from Siemens, which sets new standards in detection sensitivity and enables an extremely compact design. Magic Mirror detectors are less susceptible to false alarms.Biggest Feature Of Smart Homes Products
The security control is the Biggest Feature Of Smart Homes Products. The increasing rate of home thefts and burglaries across APAC countries especially in India and China has driven the need for home security monitoring systems that can be facilitated with the help of security controls. However, majority of home owners are interested in features such as lighting and energy management. For better ambient lighting and energy saving features, lighting controls have emerged as being of prime importance in APAC smart homes with respect to mood lighting.
Smart homes industry is gaining interest among a majority of home owners, new home buyers and property developers, and housing industries across the APAC region. Wide range of products enabling energy conservation, energy management and evolved form of connected technology cause to make life secured, convenient and comfortable— are the key reasons that are drawing various private smart home products manufacturers, government and end users towards the smart homes concept.. Due to the growing middle class and rise in income of the middle class people in APAC region, it is expected that APAC region will grow at a relatively higher CAGR, due to the increasing construction activities and stable growth in housing industry in Asian countries such as China, India, Japan, South Korea, and others.
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