Press release
Smart Home Solutions Market To Reach A Valuation Of US$ 90 Bn By 2017-2025
To remain ‘ahead’ of your competitors, request for a sample here@ https://www.persistencemarketresearch.com/samples/20602
Global Smart Home Solution Market: Forecast
The global smart home solution market is expected to grow at a high rate to register a stellar CAGR of 20.4% throughout the forecast period. The valuation of the global smart home solution market is projected to reach US$ 164.8 Bn by the end of the assessment year in 2025 from an estimated value of about US$ 37.2 Bn in 2017.
Global Smart Home Solution Market: Segmental Snapshot
The global smart home solution market is segmented on the basis of component, application, type of home, and region.
• By component, the services segment is the largest with a high market value share. This segment is also projected to grow at a significant CAGR during the forecast period to lead the global market in the coming years.
• By application, security and surveillance segment radiates high market attractiveness and is estimated to reflect a valuation of more than US$ 56 Bn by the end of the year of assessment. Lighting solutions segment is expected to grow at the highest CAGR of 21.0% throughout the forecast period.
• By type of home, villa/bungalow segment is expected to show high valuation throughout the assessment period. In 2017, this segment reflected a higher value of above US$ 21 Bn. The apartment segment is the fastest growing segment with a relatively high CAGR.
• By region, Asia Pacific (APAC) and North America both have shown higher potential in the last few years. North America is the largest regional market for smart home solutions with a high valuation, whereas the Asia Pacific market shows high speed of growth. The smart home solution market in APAC is projected to grow at a high 24.5% CAGR during the forecast period.
Global Smart Home Solution Market: Dynamics Influencing Growth
Benefits associated with smart home solutions such as energy consumption reduction, enabling cost savings and other aspects such as emerging smart home technologies, increasing demand for integrated security and monitoring services, increasing need for energy conservation, increasing demand for smart healthcare devices in the residential sector, surging demand for smart TVs, growing internet penetration for smart home security, rising inclination towards the adoption of smart technology products, fast adoption of the digitalization concept and increasing demand for single-point control systems are expected to boost the growth of the global smart home solution market. However, factors such as ambiguity about the ROI, lack of skilled labor, high investment and complexities involved with implementation and limitations associated with centralized lighting control systems have created hurdles for the growth of the market.
For critical insights on the keyword market, request for methodology here @ https://www.persistencemarketresearch.com/methodology/20602
Global Smart Home Solution Market: Competitive Analysis
The research report on the global smart home solution market includes a detailed analysis on the competitive scenario. This chapter includes intelligence on the key players involved in the market. Companies such as
• Siemens AG
• United Technologies Corporation
• General Electric Company
• Schneider Electric Se
• Honeywell International, Inc.
• Ingersoll-Rand PLC
• Johnson Controls, Inc.
• ABB Ltd.
• Legrand S.A.
• Samsung Electronics Co., Ltd.
• Acuity Brands, Inc.
• Lutron Electronics Co., Inc.
• Leviton Manufacturing Company, Inc.
• Vivint Smart Home
• Select Comfort Corporation
• Switchmate Inc.
• Lifx
• Others.
For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/20602
Contact us: 305 Broadway, 7th Floor
New York City, NY 10007 United States
Ph.no. +1-646-568-7751
E-mail id- sales@persistencemarketresearch.comWebsite: https://www.persistencemarketresearch.com
About us: Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.
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 Solutions Market To Reach A Valuation Of US$ 90 Bn By 2017-2025 here
News-ID: 2198933 • Views: …
More Releases from Persistence Market Research
Automotive Parts Aftermarket Outlook 2023-2033: Key Players Like Bosch, Denso, M …
The Automotive Parts Aftermarket has become a critical component of the global automotive ecosystem. According to Persistence Market Research, the market size reached US$ 548.5 billion in 2022 and is projected to expand to US$ 576.5 billion in 2023. With the replacement parts segment expected to achieve a total value of US$ 984.7 billion by 2033, the market is set to grow at a CAGR of 5.5% from 2023 to…
Centrifugal Pumps Market Set to Reach US$ 55.7 Billion by 2032, Insights from Pe …
The global centrifugal pumps market is poised for significant expansion, with the market projected to grow from US$ 41.2 billion in 2025 to reach US$ 55.7 billion by 2032, reflecting a CAGR of 4.4%. The growth is primarily fueled by increasing demand for efficient water management solutions across agriculture, industrial manufacturing, and municipal services. Centrifugal pumps play a crucial role in ensuring seamless fluid transfer, reducing energy consumption, and maintaining…
CAR T-cell Therapy Market to Touch US$24 Billion by 2032, Reports Persistence Ma …
The global CAR T-cell therapy market is experiencing transformative growth, projected to expand from an estimated US$5.8 billion in 2025 to US$24 billion by 2032, reflecting a compound annual growth rate (CAGR) of 25% during the forecast period from 2025 to 2032. This growth trajectory is being driven by a confluence of factors, including rising cancer prevalence, especially hematologic malignancies, and continuous advancements in gene-editing technologies and immunotherapy. As these…
Hydraulic Fluid Connector Market Technological Innovations, Efficiency Drivers, …
Hydraulic fluid connectors are used only in fluid power and piping systems for efficient operation in industrial fluid networks. A hydraulic fluid connector is deployed in these systems to increase the total machine performance irrespective of applications. Hydraulic fluid connectors are used to enhance uptime in the remote applications such as oil and gas drilling, pipeline installation and mining.
Innovations in the offering of tearout-proof technology for hydraulic…
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…
