Smart Homes And Buildings Market to Experience Exponential Growth by 2022 By Key Players- Cisco Systems, Control4 Corporation, Emerson Electric Co. Leviton, Honeywell International, LG Electronics

Smart Homes and Buildings Market report published by Allied Market Research. The study concludes that the global smart home and buildings market is expected to grow at a CAGR of 29.5% between 2012 and 2020. The market revenue of $4.8 billion in 2012 is expected to grow up to $35.3 billion by 2020. The main drivers for the growth of the market are government regulations, rising energy costs and raising awareness with respect to environmental concerns.

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Energy efficiency has become the need of the hour as the global energy cost is increasing owing to the ever growing demand and environmental concerns of greenhouse gas (GHG) emission. The construction business is embracing the energy efficiency trend and using building automation system to meet the growing demand for energy efficiency in smart homes and buildings. The global smart, automated and energy efficient homes and buildings market report published by Allied Market Research discusses the in-depth analysis of this market which includes the drivers, restraints and opportunities for its growth.

However, there are some factors such as high upfront cost and lack of standards and interoperability which are expected to act as restraints for the market growth. North America is expected to generate revenue of $12.4 billion by 2020 growing at a CAGR of 25.9% from 2013 to 2020. However, the Asia-Pacific is a high-opportunity market that is expected to grow at a CAGR of 37.7% from 2013 to 2020.

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The report has profiled some of the key players of the market such as Cisco Systems, Control4 Corporation, Emerson Electric Co. Leviton, Honeywell International, LG Electronics, Schneider Electric, Siemens Buildings Technologies, Smart home Inc., and United Technologies Corporation (UTC). The report also discusses the key strategies used by these companies to have a sustainable growth in the market.

KEY BENEFITS
• This report provides market intelligence with respect to applications, products, technologies, end-users and geography so that companies can make precise investment decisions
• In-depth analysis of top factors such as drivers, restraints and opportunities affecting the market growth and their impact in the short and mid-term.
• Value chain analysis provides for the significance and role of all stakeholders of the market
• Porters five forces analysis offers insights into the potency of buyers and suppliers and competitive scenario of the market
• SWOT analysis and strategic developments of key players are included in the report so that companies can understand moves of competitors and make the required changes to have a sustainable growth
• Examine the challenges and opportunities in the smart homes and buildings market so that companies can overcome the challenges and capitalize on the opportunities
• Estimations are derived from the current market situation and projected future trends for the period of 2013-2020 with 2012 as base figures
• Geographic analysis offers in-depth suggestions of the trends in various region; therefore, companies can make region specific strategies to gain competitive advantages

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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This release was published on openPR.