openPR Logo
Press release

Smart Home Market Trends, Regulations And Competitive Landscape Outlook to 2026

10-29-2019 06:38 PM CET | IT, New Media & Software

Press release from: Trends Market Research

Smart Home Market Trends, Regulations And Competitive

The Global Smart Home Market size was valued at US$ 76.2 Bn in 2017 and is expected to reach US$ 191 Bn by 2026 to exhibit a CAGR of 12.17 % during the forecast period.

Smart Home is the term generally used to define a residence that has appliances, lighting, heating, air conditioning, TVs, computers, entertainment audio & video systems, security, and camera systems that are capable of communicating with one another and can be managed remotely by a time schedule, from any room in the home as well as remotely from any location by phone or internet. The smart home is one that gives its owners comfort, security, energy efficiency, and satisfaction at all times, regardless of whether anyone is home.

Installation of smart products provide the home and its resident’s different benefits, the same benefits that technology and personal computing have brought to us over the past 30 years convenience and savings of time, money and energy.

Get Sample Copy Of The Report@ https://www.trendsmarketresearch.com/report/sample/4077 

Growth of the smart home market is driven by different factors like base of internet users, enlarged adoption of smart devices, rise in the awareness of fitness and healthy lifestyles owning to the high disposable income in developing economies, high importance of home monitoring from remote locations, increase in the need for energy saving and low carbon emission solutions, cost reduction measures enabled by smart homes, fast growth of smartphones and smart gadgets.
Rising adoption of entertainment and other control systems, lighting control solutions, smart speakers, and home appliances increasing the growth of the smart home market.
Smart homes have gained an increased awareness of both policies and government regulations across the globe.
The major restraints of the smart home market are climate change, fluctuating energy prices, energy security, and supply concerns have necessitated new ways of producing, delivering and consuming energy.
Entertainment and other controls segment are expected to hold the largest share of the smart home market during the forecast period due to entertainment has become an important part of life as it gives composure and rejuvenation. Most of the control systems used in smart homes are audio, volume, and multimedia room controls. The growth of the market for audio, volume, and multimedia room controls is managed by the convenience provided by these controls for managing as well as controlling the entertainment systems within a house. Evolution in wireless communication technologies is a key factor in improving the growth of the market for home theater system controls, by that means driving the overall smart home market for entertainment controls.

The component services segment holds the largest market size during the forecast period owing to increase connectivity between machine-to-machine solutions and the Internet of Things is handling the growth of the smart home and energy management markets, which has, affected the growth of the market for software and services for smart homes. The behavioral type software and services help examine energy-related data and onward it to end users.

According to market researchers, smart speakers such as the Amazon Echo or Google Home are the fastest-growing classification of the speakers, with a five-year growth rate of 39.1%. Smart lighting, thermostats, door intercoms, and security systems are also becoming increasingly popular. Amazon Echo, Google Assistant and ULE-based products boosting growth on the market
Due to the huge growth rate, smart speakers are set to be the third-largest segment on the smart home market to hold the largest share of the market. An ever-growing number of providers are developing products that are compatible with Amazon’s Alexa or Google Assistant. Voice assistants such as Siri, Cortana, and Bixby are also enjoying increasing popularity.

Request For Report Discount@ https://www.trendsmarketresearch.com/report/discount/4077 

Key players operating in the global smart home market include Johnson Controls International, United Technologies Corporation, Schneider Electric, Honeywell International, Inc., and Siemens AG. These are the currently dominated players in the global smart home market.

Other players operating in the smart home market are Amazon, Inc., Apple Inc., Google, ADT, Robert Bosch GmbH, ASSA ABLOY, ABB Ltd., Ingersoll-Rand PLC, ABB, Legrand S.A., GE, Comcast Corp. ,Hubbell Inc., Samsung Electronics Co., Ltd., LG Electronics, Sony, Control4 Corp., Lutron Electronics Co. Inc., Vivint, and Axis Communication AB, among others. The smart home market is currently dominated by Johnson Controls International, United Technologies Corporation, Schneider Electric, Honeywell International, Inc., and Siemens AG.
In July 2018, Siemens AG (Germany) company adjoined new functionalities to the Synco IC cloud platform for remote heating, ventilation, and air-conditioning control
October 2018, Johnson Controls International (Ireland) received Lux Products Corporation (US), a leading provider of residential thermostats and smart products. LUX markets several successful residential and trading product lines ranging from timers to smart home thermostats, including Kono and Geo.

Scope of the Global Smart Home Market

Global Smart Home Market, by Product

Lighting Control
Security & Access Control
HVAC
Entertainment
Smart Speaker
Home Healthcare
Smart Kitchen
Home Appliances
Smart Furniture

Global Smart Home Market, by Component

Software
Services

Global Smart Home Market, by Region

North America
Europe
Asia-Pacific
Middle East & Africa
South America

Key Players operating in the Global Smart Home Market

Johnson Controls International
United Technologies Corporation
Schneider Electric
Honeywell International, Inc.
Siemens AG.
Amazon, Inc.
Apple Inc.
Google
ADT
Robert Bosch GmbH
ASSA ABLOY
ABB Ltd.
Ingersoll-Rand PLC
Legrand S.A.
Comcast Corp.
Hubbell Inc.
Samsung Electronics Co.
LG Electronics
Sony
Control4 Corp.
Lutron Electronics Co. Inc.
Vivint
Axis Communication AB

Report Analysis@ https://www.trendsmarketresearch.com/report/analysis/MMR/global-smart-home-market 

Related Report: https://www.trendsmarketresearch.com/report/analysis/GMD/global-industrial-robotic-software-market

Related Report: https://www.trendsmarketresearch.com/report/analysis/GMD/global-agricultural-drones-market

Contact Us:
One Vincent Square
Westminster, London SW1P 2PN
United Kingdom Phone: +442033221521
Email: sales@trendsmarketresearch.com
Website: https://www.trendsmarketresearch.com

About Us:
Trends Market Research is one of the leading digital services providers and a result-oriented company based in U.K. We are a team of enthusiastic-driven individuals with top notch skills in SEO, Market research. Trends Market Research is a one stop shop to all your business needs. We help you thrive and succeed. We provide research solution.
Our digital and enterprise research assurance solutions are ideal for Automotive & Transportation, Electronics & Semiconductor, Chemicals & Materials, Healthcare, Pharmaceuticals & Medical Devices, Food & Beverage and Industrial Automation as well as all type of other leading industries verticals. We offer a vast line of in-depth study of industry trends including customized & client oriented specific requirement.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Smart Home Market Trends, Regulations And Competitive Landscape Outlook to 2026 here

News-ID: 1858061 • Views:

More Releases from Trends Market Research

Germany In Vitro Fertilization (IVF) Market size receive overwhelming hike in Re …
The Germany IVF market was valued at $398 million in 2018 and is estimated to reach $541 million by 2026, registering a CAGR of 3.9% during the analysis period. In vitro fertilization (IVF) is a process that includes fertilization of egg cells outside the body. It is one of the widely known infertility treatment across the clinical industry. The technique is based on assisted reproductive technology and is employed in the
Advanced Driver Assistance Systems (ADAS) Market Estimated size be driven size I …
Advanced driver assistance systems are intelligent systems which are installed in the vehicle to assist the driver with safe and comfortable driving experience. These systems are used to provide vital information such as traffic congestion level, suggested routes, blockage & closure of roads ahead, and others. In addition, ADAS is also used to analyze the fatigue and distraction of human driver and make precautionary alerts to make suggestions regarding same
UK Cold Chain Logistics Market Set size Surge Significantly During 2030
The UK cold chain logistics market size was valued at $4.55 billion in 2018 and is projected to reach $24.37 billion by 2026, registering a CAGR of 23.6% from 2019 to 2026. The meat, fish, and sea food segment accounted for the highest share in 2018 and is anticipated to exhibit remarkable growth rate during the forecast period. Adoption of cold chain logistics plays a crucial role in avoiding the wastage
Europe 5G Infrastructure Market size Reflect Impressive Growth Rate during 2030
The Europe 5G infrastructure market size was valued at $147.5 million in 2018 and is projected to reach $27.74 billion by 2026, growing at a CAGR of 96.2% from 2019 to 2026. 5G is fifth generation cellular technology, which consists of hardware component manufacturer, technology enablers, and telecom operators that facilitate 5G connections, operations, communication, supervision, and management of an enterprise network. 5G speed assures stronger connectivity, which creates seamless

All 5 Releases


More Releases for Smart

Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency