The majority of U.S. home systems integrators, who have had average revenues fall almost 17% since 2007, are making adjustments to compensate for declines in new-home construction and consumer spending by diving into the green and retrofit markets according to Parks Associates’ Channel and Consumer Monitorand CEDIA.
Parks Associates, an international research firm, conducts quarterly surveys of the home systems channel, including online surveys of integrators installing home controls, entertainment systems, and energy management solutions. The most recent report, based on a second-quarter 2009 survey was conducted as a joint effort from Parks Associates and the Custom Electronic Design & Installation Association (CEDIA).
“Integrators are feeling the effects of the recession, and they don’t expect their new-home business to improve in the near future,” said Bill Ablondi, director, home systems research, Parks Associates. “They are adjusting their businesses to account for the down economy by concentrating more on preexisting homes, retrofit, and lower-cost solutions.”
From the article, "CEDIA and Parks Associates: Electronic Systems Contractors diversify their services with green and retrofit opportunities"
