Press release
Smart Home Automation Market Competitive Analysis by 2026 | Johnson Controls, ABB Ltd., Ingersoll-Rand plc, Schneider Electric, Legrand SA, Crestron Electronics, Inc., Siemens AG, Honeywell International, Inc., Control4 Corporation, and Leviton Manufactur
Smart Home Automation Market
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The companies operating in the smart home automation markett 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.
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.
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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Table of Contents
Overview and Scope
Research goal & scope
Research assumptions
Research Methodology
Primary data sources
Secondary data sources
Key take-away
Stakeholders
Executive Summary
Market Definition
Market Segmentation
Smart Home Automation Market Insights
Smart Home Automation - Industry snapshot
Smart Home Automation - Ecosystem analysis
Smart Home Automation Market Dynamics
Smart Home Automation - Market Forces
Smart Home Automation Market Driver Analysis
Smart Home Automation Market Restraint/Challenges analysis
Smart Home Automation Market Opportunity Analysis
Industry analysis - Porter's five force
Bargaining power of supplier
Bargaining power of buyer
Threat of substitute
Threat of new entrant
Degree of competition
Smart Home Automation Market PEST Analysis, 2016
Smart Home Automation Market Value Chain Analysis
Smart Home Automation Industry Trends
Competitive Ranking Analysis
Smart Home Automation Market Size and Forecast by Component, 2018-2026
Key Findings
Hardware
Software
Services
Smart Home Automation Market Size and Forecast by Technology, 2018-2026
Key Findings
Wired
Wireless
Smart Home Automation Market Size and Forecast by Channel, 2018-2026
Key Findings
Luxury
Mainstream
DIY
Managed
Smart Home Automation Market Size and Forecast by Application, 2018-2026
Key Findings
Lighting
Entertainment
Security and Access Control
HVAC
Others
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