Home Automation Market technological innovation and prominent trend 2019-2027 led by Key Players - ABB, Control4, Crestron Electronics, Honeywell, Ingersoll Rand Inc., Johnson Controls, Legrand, Leviton, Lutron Electronics Company, Schneider Electric, Sie

A comprehensive research study on “Home Automation Market”, report introduced by Premium Market Insights classifies the global Home Automation Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

The home automation market is estimated to reach US$ 113.82 billion by 2025 from US$ 35.24 billion in 2016.

Home Automation market is described as a range of on-premises or cloud-based capabilities that enable a house control its various operations such as in-door temperature, lights, entertainment units and security controls with the help of devices, such as smartphone, tablets and sensor remote controls. The concept of home automation has been in existence since long, however, lately, due to the suitable confluence of vital market, strategic, regulatory and technology trends, the home automation market is expected to witness a new phase in its growth trend.

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This report studies the global Home Automation market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Home Automation market by companie s, region, type and end-use industry.

The key players covered in this study

1. Johnson Controls International Plc
2. Siemens AG
3. Legrand
4. Schneider Electric SE
5. Honeywell International Inc.
6. Control4 Corporation
7. ABB Ltd.
8. Crestron Electronics Inc.
9. Leviton Manufacturing Company, Inc.
10. Lutron Electronics Co., Inc
11. Ingersoll-Rand plc

The report aims to provide an overview of global Home Automation market with detailed market segmentation by component type, end user, and geography. The global Home Automation market is expected to witness high growth during the forecast period.

Market segment by Type, the product can be split into
Cellular
Wireless
Others

Market segment by Application, Smart Home Automation can be split into
Security
Lighting
Entertainment
HVAC & Energy Management
Smart Kitchen

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Key trend which will predominantly effect the market in coming year is that a majority of people are projected to get access to a massive count of home automation devices in almost every aspect of their lifestyle. Owing to the globe is anticipated to witness voice command technology in almost every device. Presently, the voice command technology is only present in limited devices and one of them is smart phones. Moreover, this technology is also expected to eclipse over the remote control technology. In coming years the majority would be able to witness combination of sensor products, unlike the connected sensors utilized by Febreze Home.

The market for home automation is gaining momentum in recent years attributed to higher simplicity and affordability through tablet and smartphone connectivity. However, several players in the market are operating with their proprietary technologies, as there is lack of standardization in the home automation market. It is difficult to estimate the return on investment due to numerous operating players and devices available are based on standard and proprietary technologies. Interoperability at device, application, and network is required to offer integrated solutions and to achieve economies of scale.

The global home automation market by products is fragmented into Entertainment Centers, Security & Access Control, Lighting Control, Climate Control and Outdoor Automation System. The segmentation is based upon the various home automation products to improve efficiency and security. Security & Access control in the Home Automation market have acquired the biggest share of almost one-third in 2016, followed by Climate Control, and Lighting Control. The Security & Access Control product segment is expected to acquire the largest share attributed to the rising criminal incidences as well as increasing young working population seeking to monitor elderly and children through video surveillance.

The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the home automation industry.

Reasons to Buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Home Automation market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Home Automation treatment market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution

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