There are various factors that are driving the implementation of home automation systems; some of which include the need to reduce home energy consumption, maturity of technologies & simplification of interfaces, regulatory initiatives, and more.
There are various factors that are driving the implementation of home automation systems; some of which include the need to reduce home energy consumption, maturity of technologies & simplification of interfaces, regulatory initiatives, and more. Due to the potential growth in the smart home market, it is observed that there have been numerous startup companies that have emerged to offer smart home solutions, and there has been a rise in partnerships among the industry players and also the MoU's signed between associations such as the Continental Automated Buildings Association (CABA) and China Smart Home Industry Alliance (CSHIA), in the smart homes market. All the major industry leaders are contributing extensively to research and development activities to get the first mover advantage in smart homes products or services.
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 provide automation & drives; medical for home health care; lighting from OSRAM; appliances from the BSH (Bosch & Siemens Appliances) and IT equipment from Fujitsu Computers. 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.
Siemens AG enjoys the highest share in the smart homes market and will continue to dominate the market in the long run because of its high technical expertise, wide range of smart homes product offerings and presence of strong distribution and network channels in more than 100 countries. The company is a leading member of Continental Automated Buildings Association (CABA) and smart home associations. The company is poised to retain the title of being the ‘market leader' even in the coming years with its strong presence in the APAC geographic region that is expected to grow at a faster rate in the smart homes industry as compared to the other regions.