Press release
Smart Homes Market Is Worth to Reach at CAGR of +13% by Forecast Year 2016 to 2025 Including Key Players Like Honeywell International Inc., Siemens AG, Schneider Electric SE, ABB Ltd., Johnson Controls Inc
The increasing possibilities with the Internet of Things (IoT) is proving to be a boon for the smart homes market. With the prices of sensors and processors dropping, the automation of homes to save energy is turning into a liking for the urban populations. Across emerging economies, disposable income has increased among urban populations and their new emphasis is on using controls that bring ease of living. With smart home tools, security can also be enhanced multiple folds, and hence the growing uptake. On the other hand, cost of these tools and services and the constant need for maintenance are some of the restraint factors that are curtailing the profitability of the smart homes market.
Smart Homes stood at US+$ 29 bn in 2016. Rising at a healthy CAGR of +13% from 2017 to 2025, the opportunity in this market is likely to touch US+$ 96 bn by the end of 2025.
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Some of the leading vendors: Honeywell International Inc., Siemens AG, Schneider Electric SE, ABB Ltd., Johnson Controls Inc., Emerson Electric Company, Samsung Electronics Co., Ltd., LG Electronics Inc., United Technologies Corporation and Crestron Electronics, Inc. among others
Besides these, the demand for smart home appliances will gain pace, as consumers realize the importance as well as benefits of installing energy-efficient products at home. For instance, consumers can decrease usage of energy by means of temperature settings and by scheduling programmable thermostats
Geographically, the developed countries of the U.S., France, and Germany are expected to maintain North America and Europe as the regions with maximum potential.
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Table of Content:
Chapter 1 Industry Overview of Smart Homes
Chapter 2 Manufacturing Cost Structure Analysis of Smart Homes
Chapter 3 Technical Data and Manufacturing Plants Analysis of Smart Homes
Chapter 4 Global Smart Homes Overall Market Overview
Chapter 5 Smart Homes Regional Market Analysis
Chapter 6 Major Manufacturers Analysis of Smart Homes
Chapter 7 Development Trend of Analysis of Smart Homes Market
Chapter 8 Smart Homes Marketing Type Analysis
Chapter 9 Conclusion of the Global Smart Homes Market Professional Survey Report 2018
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About Company:
We at IT Intelligence Markets conduct intensive market research and generate detailed reports about the products and services offered in the IT domain. Our team is devoted to providing custom reports that are taylor-made to suit the customer’s requirements. We make sure to keep our customers updated with the latest market dynamics as IT industry is undergoing sea change intrinsically & extrinsically by forces such as regulatory fluctuations, rapidly evolving consumer preferences, and newer technologies. Not only do our market research analysts scrutinize market requirements but also track competitors relentlessly for obtaining the most updated scenario of the market.
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