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U.S. Electronic Systems Contractors optimistic about business prospects in 2010
Seventy-five percent expect sales to improve in 2010
This report [ http://parksassociates.ecnext.com/coms2/summary_0256-11342_ITM] includes results of a fourthquarter 2009 survey of integrators installing home controls, entertainment systems, and energy management solutions, conducted as a joint effort from international research firm Parks Associates and the Custom Electronic Design & Installation Association (CEDIA).
"Many integrators made adjustments in 2009 to compensate for challenging business conditions," said Bill Ablondi, director, home systems research, Parks Associates. "Overall sales declined 4% last year, but one in three integrators reported an increase in business. Many of these firms diversified their offerings, focused on retrofit and upgrade opportunities, hired more sales staff, and enhanced customer support."
Home Systems: Channel and Consumer Monitor [http://parksassociates.ecnext.com/coms2/summary_0256-11342_ITM] reports that integrators continue to generate twothirds of their revenue from A/V systems but many integrators plan to diversity in 2010 by adding lighting controls and solar panels to their 2010 offerings. Approximately 40% of integrators plan to begin installing photovoltaic solar panels, and another 38% are seeking more information on this product category to determine its viability. In addition, the trend toward more retrofit projects, which accounted for 63% of 2009 revenues, will continue.
"CEDIA is diligently researching and developing education content to help our members understand and benefit from new business opportunities, including sustainable lifestyle systems, retrofit, and 3D technology, to name a few," said Utz Baldwin, CEO, CEDIA. "Currently, information is readily available to members and nonmembers through CEDIA's Power Hour Webinar Series, which focus on specific business opportunities and strategies each month."
For more information on Home Systems: Channel and Consumer Monitor, contact firstname.lastname@example.org, 972-490-1113, or visit http://www.parksassociates.com.
CEDIA is an international trade association of companies that specialize in designing and installing electronic systems for the home. The association was founded in September 1989 and has more than 3,500 member companies worldwide. CEDIA Members are established and insured businesses with bona fide qualifications and experience in this specialized field. For more information on CEDIA, visit the association's Website at www.cedia.org.
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