ZIGBEE MARKET ANALYSIS

Zigbee MarketSize and Trends

Global Zig Bee Market: Segment Trends

ZigBee smart energy segment accounted for the largest market share in 2017 and is expected to remain largest over the forecasted period (2018-2026). The advantages offered by ZigBee Smart Energy are it helps in tracking real-time information related to energy consumption, multiple control methods e.g. emergency signals and duty cycling, and has the ability to randomize start and end times to avoid energy spikes. With the access to monitor the energy consumption, both utilities and end-users can regulate the use of energy, thus saving money and reducing the impact on the environment.

Global Zig Bee Market: Trends

Rising inclination for adoption of smart home devices across the globe is one of the primary factors expected to boost demand for ZigBee enabled devices in the near future. For instance, according to Coherent Market Insights’ analysis, 47 million smart home devices were shipped worldwide in 2015 and 80 million in 2016, globally. The rampant growth of smart home will inadvertently increase demand for smart consumer electronic devices and gadgets that connects to common home network. The adoption of ZigBee protocol helps consumers to remotely control their home appliances such as a lighting system, heating and cooling system, safety equipment operation, and many more, which further makes home appliances more efficient in terms of energy usage and also help in reducing energy consumption and minimizing energy wastage.