ZigBee Home Automation Market to Grow at 26% CAGR to 2020

PUNE, India, September 13, 2016 /PRNewswire/ --

The global ZigBee home automation market 2016-2020 report says growing inclination toward smart homes will be a key trend for growth as this segment is expected to witness huge growth by 2020, with the rise in the number of smart home connected devices. Many homes in developed nations are being renovated into smart homes, wherein consumer electronic devices, media, and entertainment gadgets and other smart electronics are connected to the home network and can interact with each other. In 2015, there were 111.5 million connected households worldwide, with North America having the highest penetration rate of 23%. Europe is the second fastest growing region in terms of the number of smart homes. APAC is still in its nascent stage. The market in APAC is expected to improve after 2018.

Complete report on ZigBee home automation market spread across 93 pages, analyzing 8 major companies and providing 33 data exhibits now available at http://www.sandlerresearch.org/global-zigbee-home-automation-market-2016-2020.html.

The analysts forecast global ZigBee home automation market to grow at a CAGR of 26% during the period 2016-2020. According to the report, growing number of members in ZigBee Alliance will be a key driver for market growth. The rapidly emerging IoT market worldwide is encouraging various industries to join ZigBee Alliance. The alliance provides global wireless standards. It aids member companies in developing products that are compatible with ZigBee-certified products. As of 2015, the alliance comprises more than 400 members, working together to develop simple and easy-to-use ZigBee standards and products that define the IoT for use in consumer, commercial, and industrial applications. This number is expected to rise further with the growing popularity of ZigBee wireless technology over other OEM technologies.

The growth of ZigBee home automation market can be accredited to the rising need to minimize power consumption and subsequently energy tariff. Smart thermostats enable the scrutiny of cooling and heating patterns and also remotely monitor appliances to improve energy conservation. Furthermore, such devices are capable of understanding consumer behavior through self-learning algorithms and can adjust energy consumption accordingly. In 2015, the Americas dominated the global ZigBee home automation market by accounting for around 64% of the overall market share. Greater access to the paid content such as Think Broadcast and cable on-Demand coupled with higher penetration of internet-connected content streaming devices such as video gaming consoles and Blu-ray players in region will fuel the growth of the ZigBee home automation market in the Americas during the forecast period.

The following companies are the key players in the global ZigBee home automation market: Atmel, Digi International, Freescale Semiconductor, GreenPeak Technologies, NXP Semiconductors, Silicon Laboratories, STMicroelectronics, and Texas Instruments. Other prominent vendors in the market are: AAC Technologies, Aclara Technologies, Autani, Computime, Energate, HPL Electric and Power, Itron, Legrand, Melange Systems, Microchip Technology, MMB Networks, OKI Semiconductor, Profile Systems, SENA Technologies, Tendril Networks, TimeLox, Trilliant, and Telegesis. Order a copy of Global ZigBee Home Automation Market 2016-2020 report @ http://www.sandlerresearch.org/purchase?rname=59442.

Global ZigBee Home Automation Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. To calculate the ZigBee home automation market size, the report considers the number of unit shipments of ZigBee-enabled home automation devices like connected bulbs, smart lighting systems, on/off switches, dimmable lights, color dimmable lights, dimmer switches, color dimmer switches, light sensors, heating/cooling units, smart thermostats, door locks, door lock controllers, home gateway/energy management systems, intruder alarm system (IAS) control and indicating equipment, STBs, smart remotes, occupancy sensors to end-users.

Another related report is Global Solar Home Lighting Market 2016-2020, a key growth driver is the increased focus on environmental protection. Since the discovery of the commercial uses of oil and natural gas in the late eighteenth and early nineteenth centuries, the dominance of fossil fuels in satisfying the ever ballooning global energy demand has only grown. Fossil fuels currently account for more than 80% of the world's energy demand. Browse complete report @ http://www.sandlerresearch.org/global-solar-home-lighting-market-2016-2020.html.

Explore other new reports on Semiconductor & Electronics Market @ http://www.sandlerresearch.org/market-research/semiconductor-electronics.

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