Home automation, the next level of automation, is seen in India as a comfort technology. However, home automation products are quickly becoming more accessible and affordable. This market insight provides an overview of the home automation market in India. Topics covered include market drivers and restraints, an analysis of the residential construction market versus the home automation market, technology and future market trends, and an analysis of the competitive landscape. The base year is 2012, and the forecast period is 2012 to 2020.
Home automation technology represents the next level of automation, focusing mainly on residential sector, which, following the hospitality sector, has the second-most demand in the automation industry. In most instances, comfort plays a major role in an end-user's demand for home automation.
Since the real estate boom in India, new home buyers have started to opt for add-ons like automation in their buildings or houses.
Indians are usually very conscious of energy costs, and modern home buyers are ready to spend on luxury, comfort, and security systems with automated control devices that can regulate utility services.
In the past, automation was mainly installed in commercial buildings and high-end apartments. Slowly, the concept of a smart home has percolated down to more modest, mid-sized apartments, as well.
As home automation systems become available at affordable prices, demand will increase for smart technologies; a more digital lifestyle per square foot will dominate future concepts of home.
Lighting controls is the key segment in the home automation market, as lighting consumes more than % of the electricity that is consumed by the residential sector in India. Lighting is followed by heating, ventilation, and air conditioning (HVAC) controls for which automation is highly preferred to ensure comfort.
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