The market for home automation technologies will facilitate the deployment of smart grid applications such as demand response and advanced metering infrastructure. Demand response, a vital application of smart grid technology that shifts power demand during peak hours, can only be implemented in premises that are networked through a home area network. Advanced metering functionality can be implemented only if the smart meter is connected to home appliances through a home area network. The prospect of Home Area Network (HAN) technologies emerging as an important application for smart grid technologies has been recognized by the HAN protocol groups that are vying to get recognition in global smart grid markets. The recent initiative by appliance majors to develop smart appliances for smart grid applications will also assist the HAN market. The existence of smart grid technologies in major global markets at commercial levels will further facilitate the dissemination of smart grid technologies
Scope
- Market prospect of home automation technologies in smart grid industry
- Key drivers for market growth for home automation technologies
- Stake holders in home automation market for smart grid
- Possible barrier to market penetration of smart grid technologies
Reasons to buy
- Identify key growth and investment opportunities in home automation technologies for smart grid sector
- Gain insight on the industry's growth potential
- Developing strategies
- Facilitate decision-making based on upcoming market developments in the home automation sector