San Diego, CA PRWEB July 8, 2009 — Multi-billion dollar smart grid and home health initiatives are driving the Smart Home market despite a challenging economy, according to ON World. The energy crisis and out-of-control healthcare spending have governments and the private sector scrambling to develop smart technologies such as Wireless Sensor Networking WSN that pay for themselves in months, not years. In 2012, ON World predicts that global WSN products and services for the Smart Home will be worth $6 billion.
“Two years ago home owners were installing wood floors and pools but today they are installing in-home energy management and health systems,” says Mareca Hatler, ON World research director. “This trend is being driven by government initiatives and consumers that are demanding cost saving solutions for two of their largest expenses: energy and healthcare,” she says.
While consumer spending is more selective than ever, ON World is finding that the financial crisis is accelerating the convergence of wireless sensor networks, information technologies, and Telecom solutions. This environment has created demand for Wireless Sensor Networking and new Smart Home services opportunities.
The major forces driving the Smart Home market include the following:
Energy directives and smart grid initiatives have attracted hundreds of companies with energy management systems including GE, Cisco, Google, and Microsoft. ON World predicts that 100 million smart meters will be rolled out worldwide over the next five years and half of these will have an integrated gateway to communicate with in-home systems for energy management and demand response.
Wireless Sensor Network WSN technologies such as ZigBee and low-power WiFi are enabling a new generation of utility-to-consumer networks that prevent the need for new power plants, lower carbon emissions, and reduce energy consumption. While WiFi supports IP addressing to the node, ZigBee offers “Smart Energy,” the industry’s only profile for in-home communications that is being adopted by utilities and energy providers worldwide.