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Smart homes, buildings market is expected to evidence significant growth due to growing security concerns and enhanced safety features that smart automation systems can currently offer. With an increase in the working population, safety concerns with respect to aged parents and children are the biggest challenge. Smart home address these issues with highly-sophisticated remote monitoring technologies.The main drivers for the growth of the Smart homes, buildings market are government regulations, rising energy costs and raising awareness with respect to environmental concerns. Energy efficiency has become the need of the hour as the global energy cost is increasing owing to the ever growing demand and environmental concerns of greenhouse gas (GHG) emission. The construction business is embracing the energy efficiency trend and using building automation system to meet the growing demand for energy efficiency in smart homes and buildings.
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The global Smart homes, buildings market report published by Allied Market Research discuss the in-depth analysis of this market which includes the drivers, restraints and opportunities for its growth. However, there are some factors such as high upfront cost and lack of standards and interoperability which are expected to act as restraints for the Smart homes, buildings market growth.
The report has profiled some of the key players of the Smart homes, buildings market such as Cisco Systems, Control4 Corporation, Emerson Electric Co. Leviton, Honeywell International, LG Electronics, Schneider Electric, Siemens Buildings Technologies, Smart home Inc., and United Technologies Corporation (UTC). The report also discusses the key strategies used by these companies to have a sustainable growth in the Smart homes, buildings market.
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