Automated home technology demands to rise over next 5 years

Nov. 20, 2002
Home automation industry revenues could reach as high as $3.17 billion by 2007, according to a new study released by Allied Business Intelligence (ABI). Between the do-it-yourself market and custom homes with sophisticated systems that incorporate hardwired lighting, automated HVAC, and whole-house audio/video systems lies an untapped market of mid-level homes that will contribute to that rise in

Home automation industry revenues could reach as high as $3.17 billion by 2007, according to a new study released by Allied Business Intelligence (ABI). Between the do-it-yourself market and custom homes with sophisticated systems that incorporate hardwired lighting, automated HVAC, and whole-house audio/video systems lies an untapped market of mid-level homes that will contribute to that rise in revenue, the study reports.

“Home Automation Systems & Control Networks: Market Segmentation & Drivers, Technology Review and Forecasts” discusses technology standards, proprietary systems, and emerging technologies as well as market trends that are creating opportunities for growth. It addresses several markets, including do-it-yourself systems and the mid-level projects that will drive the industry.

The report is available on ABI’s Web site.

Voice your opinion!

To join the conversation, and become an exclusive member of EC&M, create an account today!

Sponsored Recommendations

Electrical Conduit Comparison Chart

CHAMPION FIBERGLASS electrical conduit is a lightweight, durable option that provides lasting savings when compared to other materials. Compare electrical conduit types including...

Fiberglass Electrical Conduit Chemical Resistance Chart

This information is provided solely as a guide since it is impossible to anticipate all individual site conditions. For specific applications which are not covered in this guide...

Considerations for Direct Burial Conduit

Installation type plays a key role in the type of conduit selected for electrical systems in industrial construction projects. Above ground, below ground, direct buried, encased...

How to Calculate Labor Costs

Most important to accurately estimating labor costs is knowing the approximate hours required for project completion. Learn how to calculate electrical labor cost.