Press release
Comprehensive analysis on Smart Home Automation Market | Key Players are Johnson Controls, ABB Ltd., Ingersoll-Rand plc, Schneider Electric, Legrand SA, Crestron Electronics, Inc., Siemens AG, Honeywell International, Inc., Control4 Corporation, and Levit
Smart Home Automation Market
In 2017, North America accounted for the highest share in the global smart home automation market. The primary factors driving the smart home automation market growth in the region include established telecommunication industry and cloud infrastructure, rising penetration of mobile devices, technological advancements, and high investment in R&D. The introduction of favorable government regulations regarding energy usage and emissions, and rising awareness regarding use of energy efficient equipment boost the smart home automation market in North America. The increasing concerns regarding safety and access control, increasing development of smart cities, and growing adoption of connected devices and IoT further increase the demand of Smart Home Automation in the region.
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The Global Smart Home Automation Market is projected to reach around USD 203.3 billion by 2026 according to a new research. In 2017, the entertainment segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global Smart Home Automation market.
The growing demand for remote monitoring of homes, along with increasing costs associated with energy use increases the demand for smart home automation. The increasing use of mart home automation in the development of smart cities, along with government regulations regarding energy use and emissions support the smart home automation market growth. The rising adoption of Internet of Things, and smart devices boosts the adoption of smart home automation. Other factors driving the market growth include growing penetration of mobile devices, technological advancements, and development of smart cities. New emerging markets, emerging consumer demographics, and increasing awareness among consumers regarding efficient energy use would provide growth opportunities for smart home automation market in the coming years.
The rising concerns regarding energy efficiency has increased the adoption of smart home automation. Smart home automation systems maintain the controls of home equipment to maximize energy efficiency. For instance, the thermostat uses a temperature threshold to govern the home's heating and cooling system. They can also be programmed with different target temperatures to keep energy usage at a minimum.
The companies operating in the smart home automation market include Johnson Controls, ABB Ltd., Ingersoll-Rand plc, Schneider Electric, Legrand SA, Crestron Electronics, Inc., Siemens AG, Honeywell International, Inc., Control4 Corporation, and Leviton Manufacturing Company, Inc. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
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Table of Content Snapshot
Chapter 1 Overview and Scope
Chapter 2 Executive Summary
Chapter 3 Smart Home Automation Market Insights
Chapter 4 Smart Home Automation Market Size and Forecast by Component, 2018-2026
Chapter 5 Smart Home Automation Market Size and Forecast by Technology, 2018-2026
Chapter 6 Smart Home Automation Market Size and Forecast by Channel, 2018-2026
Chapter 7 Smart Home Automation Market Size and Forecast by Application, 2018-2026
Chapter 8 Smart Home Automation Market Size and Forecast by Region, 2018-2026
Chapter 9 Company Profiles
More Details on this Report At: https://www.marketstudyreport.com/reports/smart-home-automation-market-by-component-hardware-software-services-by-technology-wired-wireless-by-channel-luxury-mainstream-diy-managed-by-application-lighting-entertainment-security-and-access-control-hvac-others-by-region-market-size-forecast-2017-2026?utm_source=openpr.com-Mahadev
Related Report:
United States Smart Home Automation Market Report 2017
1. In this report, the United States Smart Home Automation market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Read More: https://www.marketstudyreport.com/reports/united-states-smart-home-automation-market-report-2017?utm_source=openpr.com-Mahadev
2. Global Smart Home Automation Market Size, Status and Forecast 2018-2025
This report focuses on the global Smart Home Automation status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Smart Home Automation development in United States, Europe and China. Read More: https://www.marketstudyreport.com/reports/global-smart-home-automation-market-size-status-and-forecast-2018-2025?utm_source=openpr.com-Mahadev
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