Press release
The Home Automation Solution Market is projected to grow at a Compound Annual Growth Rate (CAGR) of +12% during the period 2018-2023.
Home Automation Solution Market Report:Summary: Excellence consistency maintains by Garner Insights in Research Report in which studies the global Home Automation Solution market status and forecast, categorizes and Equipment market value by manufacturers, type, application, and region.the home automation Solution market was valued at USD 39.93 Billion in 2016 and is expected to reach USD 79.57 Billion by 2022, at a CAGR of 11.3% during the forecast period.
The report on Global Home Automation Solution Market studies the historical data and evaluates the current market scenario so as to project the flight of the market during the next couple of years. This study has been collated using primary and secondary research methodologies that are meant to provide the users a detailed view of the major aspects of the market. The report also takes into consideration the different strategies, emerging technologies, collaborations, product launches, and mergers & acquisitions, in order to carry out a detailed analysis of the market.
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The entertainment control market is anticipated to hold the largest share among different products in the home automation Solution market. The growth of the audio, volume, & multimedia room controls is driven by the convenience offered by these controls for managing and controlling the entertainment systems in a house. Lighting control is expected to be the second-largest market for home automation systems during the forecast period. Lighting accounts for one of the largest electrical loads in homes. Hence, lighting controllers play a vital role in reducing the electricity consumption within the household, along with offering comfort to the users.
Scope of the Research:
Current market size for 2018 and forecast till 2023
Strategic analysis and market focus
Latest industry-specific trends and the technological advancements
Market developments covering M&A, investment, funding, partnerships, collaborations, etc.
Competitive landscape analysis
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Some of the key regions covered in the market:
I.North America (U.S and Canada and rest of North America)
II.Europe (Germany, France, Italy and Rest of Europe)
III.Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)
IV.LAMEA (Brazil, Turkey, Saudi Arabia, South Africa and Rest of LAMEA)
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Global Home Automation Solution Market Segmented by Types:- Wired Home Automation Systems, Power-line Home Automation Systems, Computing Network Home Automation Systems, Wireless Home Automation Systems.
Global Home Automation Solution Market competition by top manufacturers/players:- Honeywell International Inc., Siemens AG, Johnson Controls International PLC, Schneider Electric SE, United Technologies Corp., Robert Bosch GmbH, Legrand SA, Hubbell Inc., ABB Ltd., Ingersoll-Rand PLC, Lutron Electronics Co., Inc., Crestron Electronics, Inc., Control4 Corporation, AMX LLC, ADT Corporation, iControl Networks Inc., Vantage Controls.
Applications analyzed in this report are:- Lighting, Safety and Security, HVAC, Entertainment, Others.
The report also presents a thorough qualitative and quantitative data pertaining to the projected impact of these factors on market’s future growth prospects. With the inclusive market data concerning the key elements and segments of the global Home Automation Solution market that can influence the growth prospects of the market, the report makes for a highly informative document.
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Report Highlights:
The report provides a detailed survey of the current and future industry trends so as to identify the investment analysis.
The industry forecasts, using estimated market values have been mentioned, till 2023.
Market dynamics such as the drivers, restraints, threats, opportunities, and industry-specific challenges
Key industry trends across all the market segments and sub-segments, geographies, and nations.
Key developments and strategies determined in the market.
Detailed profiling of the leading competitors and the entrant market players.
Growth prospects among the emerging nations throughout the forecast period.
Market opportunities and recommendations for new investments.
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About Garner Insights:
Garner Insights is a Market Intelligence and consulting firm with an all-inclusive experience and vast knowledge of the market research industry.Our vast storage of research reports across various categories, gives you a complete view of the ever changing and developing trends and current topics worldwide. Our constant endeavor is to keep on improving our storage information by providing rich market reports and constantly improving them.
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