Global Smart grid home area network market is expected to witness a significant growth over the forecast period owing to the growing deployment of smart grid. The integration of various technologies into the power grid and increasing installation of smart meters are the factors boosting the growth of global smart grid home area network market. The technology delivers high-level security coupled with information storage which is projected to have a positive impact on the market growth. Furthermore, reduction in carbon emission along with decreased operational errors is another factor propelling the growth of smart grid HAN market. The continuous technological advancements in the communication technologies along with long term profits is estimated to witness robust growth over the decade
The increasing use of N-PLC (number of power line cycles) in areas such as electric vehicles, advanced metering, and renewable energy aids in the growth of this industry. N-PLC means how long an input signal is integrated to obtain a single measurement. However, the rising cyber threats could be a major challenge for the market. The key emerging trend in this market is the increasing adoption of standards that define the use of technologies and the parameters with which they must be deployed. The advantages associated with the smart grid home area network is presumed to fuel the market growth. It includes consumer empowerment which helps them in reducing their electricity bill, real-time access to energy consumption and helps the consumer in monitoring device performance.
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Smart grid enables two-way communications and communicates the usage to the smart meters. This, in turn interacts with consumers through the HAN. HAN is a network of energy management devices, signal-controlled appliances, consumer electronics and applications within a home. It connects devices which are capable of sending and receiving signals from meters, HEM (home energy management) applications, and in-home displays. The specifications of HAN include Wireless M-Bus, HomePlug, ZigBee and Z-Wave. The market is segmented on the basis of components into hardware and software. Hardware includes HEMS which is a combined HAN with hardware that has demand response load control, auto-pricing response capabilities, and home automation controls. Software component is an IT system which is fully integrated with HAN consisting of Mobile Device Management (MDM), self-service web portals, AMI Head End and Customer Information System (CIS).
On the basis of applications, the market is classified into network HEM and IHD. IHD (in-home display) is a small electrical device consisting of a touch screen. It works with a smart meter to provide all kinds of data about the energy used. The smart grid HAN is widely used in home appliances, security management system in homes and multimedia devices in homes. Geographically, the key regions identified in this industry are Europe, the Middle East and Africa, Latin America, North America and Asia Pacific. North America is estimated to dominate the market due to the continuous technological advancements in this region. The presence of a large number of manufacturing companies, and early adoption of home area network in the developed regions such as U.S and Canada, are attributed to the growth of this industry.
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