Greengrid IOT

Global Greengrid IOT market was valued at USD 4.41 billion in 2014, growing at a CAGR of 26.3% from 2014 to 2020. Greengrid IOT systems refer to all such systems, whether used as a single application or as integrated solutions that are used to automate processes. They are electricity powered and are manually controlled (such as turning on the AC, dimming lights, managing entrance gate and cameras, operating smart appliances in a house, and so on. With technological advancements in several developing countries across the globe,Greengrid IOT solutions are evolving continuously. Modern day Greengrid IOT solutions utilize high end digital technology for providing better performance and efficiency.

greengrid-IOT

Greengrid IOT Home Automation

Greengrid IOT Home Automation

Smart Home Systems – The future of living an opulent life Smart homes are the residences that are equipped with information and computing technology devices that anticipates and responds to the requirement of the owner in an effective and efficient manner. Smart homes involves automation and control of Heating, Ventilation, Air Conditioning and Security system (HVAC), lighting and home appliances like refrigerators, ovens and dryers. The smart home devices use Wi-Fi for monitoring remotely and are a part of Internet of Things (IoTs). Modern systems comprises sensors and switches connected to a central hub sometimes known as gateway from which systems are controlled with a user interface that is interrelated with a mobile phone software, web interface, or a wall mounted terminal.Further, smart homes use fingerprint identification or key cards in place of conventional locks, making the homes more secure. Smart homes market is fragmented market with various medium and small companies present in the market. Moreover, there are very few worldwide accepted industry standards in this market. Widespread communications protocol for products embraces Ethernet, X10, 6LoWPAN, RS-485, ZigBee Bluetooth LE (BLE) and Z-Wave, or other proprietary protocols that are incompatible with each other.

Greengrid IOT Smart City

Global Greengrid IOT market was valued at USD 4.41 billion in 2014, growing at a CAGR of 26.3% from 2014 to 2020. Greengrid IOT systems refer to all such systems, whether used as a single application or as integrated solutions that are used to automate processes. They are electricity powered and are manually controlled (such as turning on the AC, dimming lights, managing entrance gate and cameras, operating smart appliances in a house, and so on. With technological advancements in several developing countries across the globe,Greengrid IOT solutions are evolving continuously. Modern day Greengrid IOT solutions utilize high end digital technology for providing better performance and efficiency.

Greengrid IOT Smart City

The global Greengrid IOT market is segmented by region into North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW). The Greengrid IOT market is primarily driven by growing need for effective solutions in various domestic applications such as lighting, safety and security, energy management, entertainment (audio and video), and HVAC (heating, ventilation, and air conditioning). High degree of internet connectivity and penetration in developed countries such as the U.S., the U.K., France, and Germany are also contributing to the growth of Greengrid IOT market globally..

Geographically, North America led the Greengrid IOT market in 2014 and the region is expected to continue its dominance by 2020. The region’s dominance is due to advancement in technology in countries such as the U.S. and Canada. Moreover, consumer awareness and affinity towards new technology is further contributing to the growth of Greengrid IOTmarket in North America. Europe and Asia Pacific followed North America in the global Greengrid IOT market to collectively account for more than forty percent of the global market revenue share.

The Greengrid IOT market is segmented on the basis of application into lighting, safety and security, HVAC (Heating, Ventilation, and Air-Conditioning), entertainment, energy management, among others. Among all, safety and security segment held the highest market revenue share in 2014 and is expected to remain so during the forecast period. Demand for safety and security Greengrid IOT systems is attributed to growing need for remote home monitoring solutions and increasing risk of criminal activities such as theft and robbery. Safety and security segment is followed by entertainment and lightening segment.

The Greengrid IOT market is further segmented by networking technology into wired systems, power-line systems, computing networks, and wireless systems. Wireless system segment ofGreengrid IOT technology held the highest revenue share accounting for more than fifty percent of the overall market in 2013. With the increase in number of products equipped with WiFi technology, the demand for wireless technology enabled Greengrid IOT solutions are observing substantial growth globally. Power-line systems is analyzed to be the second fastest growing networking technology segment after wireless systems and is expected to attain a significant growth in the recent future.