Press release
Smart home automation Market Expected to Witness a Significant Growth of 133.2 billion US$ globally by 2025, CAGR of more than 12.50% - ABB, control4, crestron electronics, Honeywell, Ingersoll rand, Johnson control, legrand, lutron
Smart home automation Market
Global Smart home automation Market Overview:
According to Market Analyst, Global Smart home automation Market is projected to grow at a healthy growth rate from 2018 to 2025.
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The Global Smart home automation Market was valued at USD 46.15 billion in 2016 and is expected to reach USD 133.2 billion by 2025 at a Compound Annual Growth Rate (CAGR) more than 12.50% over the forecast period 2017-2025.
The increasing demand for features such as the convenience of remote operation and exceptional experience offered by smart home automation is likely to propel the global market growth over the forecast period. Further, increase in demand of smartphones and easy accessibility of internet are expected to fuel growth in the demand for the in the coming future. The growing adoption of the automation in security, lighting, HVAC, energy management, and smart kitchen arenas is anticipated to revolutionize the market by 2025.
Smart Home automation Market Segmented on the Basis of Component, Technology, Application, and by Region. On the Basis of component, Market is sub segmented into Hardware, Software, Service. The hardware segment is anticipated to dominate the component market by 2025. The service segment is expected to witness a significant growth owing to increasing adoption of the smart home automation technology. Based on Technology, Market is sub segmented into Cellular, Wireless, Others. The wireless segment is anticipated to dominate the wearable camera product market by 2025.
Furthermore, On the Basis of Application, Market is sub segmented into Security, Lighting, Entertainment, Smart kitchen. The entertainment market is anticipated to hold the largest share among different products in the home automation system market.
Regionally, The North American region is estimated to be the key regional segment over the forecast period owing to well-established manufacturers and large consumer base. The Asia Pacific region is experiencing a healthy growth in disposable income owing to macroeconomic stimulus, which is anticipated to drive market growth.
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The Market is segmented and projected on the basis of major key player’s:
1 ABB ltd
2 control4 corporation
3 crestron electronics Inc
4 Honeywell international Inc
5 Ingersoll rand Plc
6 Johnson control
7 legrand SA
8 lutron electronics
The Market is segmented and projected on the basis of major Region Segmentation
1 North America Country (United States, Canada)
2 South America
3 Asia Country (China, Japan, India, Korea)
4 Europe Country (Germany, UK, France, Italy)
5 Other Country (Middle East, Africa, GCC)
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Key Questions Answered in this Report:
1 What will the market size be in 2025?
2 What is driving this market??
3 What are the challenges to market growth?
4 Who are the key players in Smart home automation Market?
5 What are the market opportunities and threats faced by the key players?
TABLE OF CONTENTS
1 Global Smart home automation Market Definition and Scope
2 Research Methodology
3 Executive Summary
4 Global Smart home automation Market Dynamics
5 Global Smart home automation Market, By Component
6 Global Smart home automation Market, By Technology
7 Global Smart home automation Market, By Application
8 Global Smart home automation Market, by Regional Analysis
9 Competitive Intelligence
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