Wireless Controls Market to Exceed $3 billion by 2012

The market for wireless and powerline control solutions will increase from $740 million in 2008 to more than $3 billion in 2012, says Parks Associates.

"Opportunities for Wireless & Powerline Controls" says the number of installs for these technologies will "skyrocket" to nearly 60 million in 2012.

Parks Associates attributes the growth to more companies entering the market with remote monitoring and energy management products, including Black & Decker, Hawking, iControl, Schlage and Wayne Dalton.

The study also says remote control through Wi-Fi-enabled devices, like the iPhone, will help the increase.

"The era of electronic home controls has arrived," says Bill Ablondi, director of home systems research for Parks Associates.

"Technological advancements, the migration to IP-based systems, and the entry of key companies are all driving this market."

The report says lighting applications will drive the growth for powerline controls.

"Another key application is remote home monitoring," Ablondi said. "We expect to see major manufacturers join forces with telecommunications and video service providers to fuel consumer demand for remote monitoring and Web-based security services."