KSI Projects the Home Automation Industry to be Worth US$122 Billion by 2024
The home automation market was valued at US$62.471 billion in 2018 and is anticipated to grow at a CAGR of 11.86% to reach a market size of US$122.391 billion by 2024 according to the Knowledge Sourcing Intelligence (KSI) report ‘The Home Automation Market – Forecasts from 2019 to 2024’. Rapid mobile connectivity, rising awareness for […]
Berg Insight Expects 144 Million Smart Homes in Europe and North America by 2023
Berg Insight estimates that revenues from shipments of home automation systems in Europe and North America will grow at a compound annual growth rate of 19.8 percent from US$ 36.7 billion in 2018 to US$ 90.6 billion in 2023. According to this research report, the number of smart homes in Europe and North America reached 64 million in 2018. The most advanced smart home market is North America, […]
Park Electrical Distributors and Vitrea Technologies Announce Exclusive Partnership
Partnership lights the way for building technologies division The building technologies division of Park Electrical Distributors, the North East’s leading independent electrical wholesaler, has announced an exclusive partnership with home automation specialist, Vitrea Technologies of Israel. Building technologies manager, Paul Kinghorn, said: “With advanced wired and wireless technology, Vitrea is changing the landscape of home […]
Tanootas International Develops the Smartsho Online Shop for KNX Components
The SmartSho online shop was devised by Tanootas International (TICO) of Tehran, Iran, with the basic idea of creating a base for presenting and procuring the equipment and components used in smart home and building projects based on healthy competition. The end user, as the final decision maker, can make the best decision on the […]
Fairhair Alliance and Open Connectivity Foundation Unify to Advance IoT Building Automation Capabilities
Unification will expand upon the missions of both standards bodies under the Open Connectivity Foundation name The Open Connectivity Foundation (OCF), a leading Internet of Things (IoT) standards body, today announced the work of the Fairhair Alliance, an alliance aimed to facilitate the IoT for commercial buildings, and licensing of the Fairhair Specification will continue […]
Kaspersky Finds Nearly Four in Ten Smart Buildings Targeted by Malicious Attacks in First Half of 2019
According to new research from Kaspersky, almost four in ten (37.8%) computers used to control smart building automation systems were affected by malicious attacks in the first half of 2019. The findings indicate that while it is unclear if such systems were deliberately targeted, they often become an end point for various generic threats posing […]
Stratistics MRC Expects the Smart Building Automation Systems Market to Reach US$154.36 Billion by 2026
According to Stratistics MRC, the Global Systems Market is accounted for $57.83 billion in 2017 and is expected to reach $154.36 billion by 2026 growing at a CAGR of 11.5% during the forecast period. Some of the key players in Global Smart Building Automation Systems market are Siemens AG, Robert Bosch GmbH, Honeywell International, Schneider […]
Interview: Siemens CEO of Smart Infrastructure, Cedrik Neike, on smart buildings
Cedrik Neike holds an MBA at the INSEAD Business School as well as a Bachelor (Honours) in Engineering and Business Finance. He started his career at Siemens as a Product Line Manager for Wireless Internet. In 2001 he joined Cisco Systems for several management positions in the US and Germany, returning to Siemens in 2017. […]
Future Market Insights Expects the Building Automation System Market to Grow at a CAGR of 8% from 2019-2029
The global building automation system market grew 7% in 2018 to total ~ US$35 billion, registering an upward spiral from ~ US$33 billions in 2017, according to the new research study by Future Market Insights (FMI). Schneider Electric SE, ABB, Siemens AG, Johnson Controls Inc., and Honeywell International Inc. remain the top 5 players in […]
Sunpower Publishes KNX Technical Guide Offering Advice for Designers and Installers
Sunpower Electronics has published a KNX Technical Guide, providing comprehensive advice for both prospective and actual users of the popular international building automation standard. The document is available for free download from Sunpower’s website. The Guide offers insights at both conceptual and practical levels. For architects, building system designers and facilities managers, it starts by […]