Press release
Outstanding Growth of North America Home Automation Systems Market is estimated to reach US$ 32.73 Billion by 2025 | Zigbee Alliance, ABB, Amx (Harman), Control4, Honeywell, Johnson Controls, Schneider Electric SE, Siemens AG
Home Automation Systems Market
Global Home Automation Systems Market Overview:
The Global Home Automation Systems Market size is expected to exceed US$ 32.73 Billion by the year-end of 2025 owing to a growing adoption of all types of smart automation systems in households across the region.
Some of the most important key factors driving the growth of the Global Home Automation Systems Market are significantly growing IoT market, cost reduction measures enabled by home automation systems, presence of a large number of manufacturers expanding their product portfolios, and the increasing importance of home monitoring from remote locations.
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The Global Home Automation Systems Market is segmented on the basis of Product Type, Service Type, Technology, System Component, Software Algorithm and Region. Based on the Product Type, the Global Home Automation Systems Market is divided into HVAC Control and Energy Management, Security & Access Control, Entertainment Control, Lighting Control, and others. On the basis of Service Type, the Global Home Automation Systems Market is classified into Managed Services, Mainstream, Do-It-Yourself (DIY), and Luxury.
In terms of the Technology, the Global Home Automation Systems Market is sub-segmented into Wired Technology, Wireless Communication Technologies, Network Technologies, Power-line Technology and others. On the basis of System Components, the Global Home Automation Systems Market is classified into Hardware, Software and Service. Based on the Software Algorithm, the Global Home Automation Systems Market is sub-segmented into Proactive and Behavioral.
As per the regional analysis, the North America is expected to lead the overall Home Automation Systems Market between 2018 and 2025. The demand for domestic energy management systems and the growing trend of green homes have contributed significantly toward the growth of this market. The number of smart homes in North America, especially the U.S., is much higher than that in any other region in the world. Home Automation Systems Market in APAC is expected to grow at the highest CAGR during the forecast period owing to the presence of a significant number of new residential projects and strengthening of the building infrastructure.
Latest Industry News:
Zigbee Alliance (May 29, 2019) – The Zigbee Alliance Announces the ‘All Hubs Initiative’ Driven by Leading Ecosystems to Strengthen Interoperability, Reliability, and Security across the IoT – The Zigbee Alliance today publicly announced a major ongoing initiative to make smart home and IoT products easier to develop, deploy, and sell across ecosystems. The “All Hubs Initiative” is driven by a Zigbee Alliance workgroup comprised of leading IoT companies including Amazon, Comcast, Exegin, Kwikset, Landis+Gyr, LEEDARSON, Legrand, MMB Networks, NXP, OSRAM, Samsung SmartThings, Schneider Electric, Silicon Labs, Somfy, ubisys, and more with the goal of improving interoperability between IoT devices and major consumer and commercial platforms. The product of this effort is a set of features at the application and network layers of Zigbee that will be incorporated into the upcoming 3.1 version of Zigbee technology. While Zigbee Alliance members are able to participate in this workgroup and contribute to and access these evolving specifications, the Alliance is publicly announcing this initiative today as a number of smart home systems will add these features to their platform certification requirements ahead of the ratification of the full 3.1 feature set to more immediately take advantage of these enhancements.
“Consumers and businesses want connected devices that offer value and convenience, work great, and work together seamlessly,” said Chris DeCenzo, chair of the All Hubs Initiative workgroup, board director of the Zigbee Alliance, and principal engineer at Amazon. “Through the All Hubs Initiative, leading IoT companies in the Zigbee Alliance are working together to define interoperability standards to help device makers innovate and expand selection while continuing to deliver consistent, reliable experiences for customers.”
Top Leading Key Manufacturers are: ABB Ltd., Amx LLC (Harman), Control4 Corporation, Crestron Electronics, Honeywell International Inc, Ingersoll-Rand PLC, Johnson Controls, Legrand, Leviton Manufacturing Company, Lutron, Savant Systems LLC., Schneider Electric SE, Siemens AG, Zigbee Alliance and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Home Automation Systems in these regions, from 2013 to 2025 (forecast), covering: United States, Canada
Purchase this report online with 147 Pages, List of Tables & Figures and in-depth Table of Contents on “Global Home Automation Systems Market Report 2019” @ https://www.businessindustryreports.com/buy-now/162935/single .
Major Points in Table of Contents:
Global Home Automation Systems Market Report 2019
1 Introduction
1.2 Research Methodology
1.3 Executive Summary
2 Market Overview and Qualitative Analysis
2.1 Market Size and Forecast
2.2 Major Growth Drivers
2.3 Market Restraints and Challenges
2.4 Emerging Opportunities and Market Trends
2.5 Porter’s Fiver Forces Analysis
3 Segmentation of North America Market by System Component
3.1 Market Overview by System Component
3.2 North America Hardware Market for Home Automation Systems 2014-2025
3.3 North America Software Market for Home Automation Systems 2014-2025
3.4 North America Service Market for Home Automation Systems 2014-2025
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