Press release
Smart Home Market witnessing high growth during forecast period 2020-2027 | Leading Players ABB, Acuity Brands, Crestron Electronics, Honeywell International, Hubbell, Johnson Controls International, Legrand SA, Samsung, Schneider Electric and Sie
Smart homes are equipped with automated control of all types of home appliances and other domestic features using local networking or through remote devices. The demand for smart homes is gaining traction with the increasing awareness of protection and security from theft and energy saving. Furthermore, the rapid adoption of technologies and increasing awareness among people in developed nations in the North America market is one of the major reason for its dominance in the region followed by Europe and Asia Pacific region.The smart home market is anticipated to grow in the forecast period owing to driving factors such as the growing base of internet users, coupled with the rapid adoption of smart devices. Also, the rising disposable income of the individuals is likely to augment the growth of the smart home market. However, the market is more convenience-driven and less necessity-driven. This factor may restrain the growth of the smart home market during the forecast period. On the other hand, growing awareness towards healthy lifestyle and concerns about safety and security offer a lucrative opportunity to the key players operating in the smart home market.
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The Prominent/Emerging Players in the Smart Home Market Research include:
- ABB Ltd.
- Acuity Brands, Inc.
- Crestron Electronics, Inc.
- Honeywell International Inc.
- Hubbell Incorporated
- Johnson Controls International PLC
- Legrand SA
- Samsung Electronics Co Ltd
- Schneider Electric SE
- Siemens AG
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global smart home market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The smart home market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
Smart Home Market Segmentation:
Product
- Sensors
- User interface devices
- Controllers
- Actuators
- Networking Products
Solution
- HVAC Control
- Security and Access Control
- Lighting Control
- Entertainment Control
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Key Elements that the report acknowledges:
- Market size and growth rate during forecast period.
- Key factors driving the Smart Home Market.
- Key market trends cracking up the growth of the Smart Home Market.
- Challenges to market growth.
- Key vendors of Smart Home Market.
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global Smart Home Market.
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the market in the five major regions.
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contact us:
The Insight Partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com
Website: https://www.theinsightpartners.com/
About The Insight Partners
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Chemical, Food, Automotive and Defence.
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