in a bid to add a new dimension to its research and development capabilities, polycab india has signed an agreement to acquire a 100% stake in silvan innovation labs, a technology company focused on providing cutting edge automation offerings for homes, offices, banks, retail outlets, hotels and other spaces. according to a press release, silvan pioneered the concept of home automation in the indian residential building market and has a proven track record with many prominent real estate developers. the company also holds 17 patents, both filed and provisional, and is based out of bangalore.
the domain strength of silvan coupled with our robust go-to-market capabilities presents a great synergic combination. silvan was founded in 2008 by four electronics and embedded systems domain veterans possessing a cumulative experience of 120 years in reputed companies like texas instruments and lucent technologies. this is complemented by its application and cloud platform (ipsm) for value-added services and has integrated capabilities on various third-party cloud platforms such as aws, google cloud, samsung smart things, and ibm watson.
the company extends the remote management and automation concept to include a host of routine functions and varied lifestyles.on june 18th, 2021, silvan innovation labs was acquired by polycab india limited. the global home automation market is expected to grow from $54.41 billion in 2021 to $61.62 billion in 2022 at a compound annual growth rate (cagr) of 13.3%. the home automation market consists of sales of home automation devices by entities (organizations, sole traders, and partnerships) that use hardware and software technologies that allow users to control and manage their home’s appliances and devices.a home automation system is a technological solution that allows the majority of electrical, electronic, and technology-based activities in a home to be automated. the main types of products in home automation are lighting control, security and access control, hvac control, entertainment and others.lighting controls are a type of smart lighting gadget that allows users to adjust the amount, quality, and features of light in a specific area.
the increasing use of internet of things (iot) devices in a home automation system are expected to propel the growth of the home automation market in the forecast period.the internet of things (also known as iot) based home automation system uses internet protocols or cloud computing to operate all of the smart home’s equipment. for instance, according to the ericsson statistics on iot in modern homes, consumer devices accounted for 63% of all installed iot equipment in 2020 and the number of mobile iot connections is predicted to reach 3.5 billion by 2023. therefore, the increasing use of internet of things (iot) devices in home automation systems drive the growth of the home automation market. the new series of wall-box controllers, which includes matching dimmers and keypads, provides an innovative custom control solution as part of a complete crestron smart home. zero1 is a designer and supplier of environment and entertainment automation systems for homes and businesses in the channel islands.
silvan offers alexa and google home voice enabled home automation in india. we also cater our automation solution for enterprises such as conference room silvan incorporated in 2008 is delivering path breaking innovations in the automation market across residential, hospitality & commercial sectors. according to a press release, silvan pioneered the concept of home automation in the indian residential building market and has a proven track, silvan labs, silvan labs, thasmai automation, silvan company, silvan tiles.
bengaluru: polycab india ltd (pil) has signed an agreement to acquire 100% stake in bengaluru-based automation company, silvan innovation legal name silvan innovation labs pvt. ltd. silvan is a technology company focused on providing automation solutions for homes, offices, and hotels. it silvan innovation labs provides technology-enabled automation across the residential, hospitality and commercial sectors. use the cb insights platform to, track automation, silvan tiles gallery, buildtrack, silvan tiles owner, buildtech automation, silvan denmark, home automation manufacturers, silvan lights, home automation oem india, silvan edavanna.
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