Press release
Home Automation Market to Hit US$ 113.82 Billion by 2025; The Insight Partners
Home Automation Market
The market for home automation is gaining momentum in recent years attributed to higher simplicity and affordability through tablet and smartphone connectivity. However, several players in the market are operating with their proprietary technologies, as there is lack of standardization in the home automation market. It is difficult to estimate the return on investment due to numerous operating players and devices available are based on standard and proprietary technologies. Interoperability at device, application, and network is required to offer integrated solutions and to achieve economies of scale.
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Companies Mentioned:
• Johnson Controls International Plc.
• Siemens AG
• Legrand
• Schneider Electric SE
• Honeywell International Inc.
• Control4 Corporation
• ABB Ltd.
• Crestron Electronics Inc.
• Leviton Manufacturing Company, Inc.
• Lutron Electronics Co., Inc.
• Ingersoll-Rand Plc.
Market Insights
Aging population in US will drive the home automation market during the forecast period
The US comprises of a huge number of aging population and it is further expected to reach around 72 million by 2030. About two-third of the severely disabled older people are solely dependent on the family for assisted care. This results in great stress for the young working population of the country. Thus, a more feasible and scalable solution is required to meet this demand. Enabling the aging people to live self-reliantly instead of in an adult care facility helps in providing financial savings along with improving the quality of life, reduction in the burden on aged care facilities, and deliver relief to family members. Several home automation solutions such as video surveillance and security alarms are beneficial for elderly people and these systems are expected to drive the growth of home automation market in the US.
Global Home Automation- Market Segmentation
By Product:
• Entertainment Centers
• Security & Access Control
• Lighting Control
• Climate Control
• Outdoor Automation System
By Networking:
• Wired Home Automation Systems
• Wireless Home Automation Systems
• Power-Line Home Automation Systems
The document will help readers gain vital information regarding the market such as leading players, their company profiles, portfolios, financial information, and latest developments. The report also enables companies in making strategic decisions such as partnerships, product launches, collaborations, etc. to gain a competitive edge.
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Additionally, the report includes an exhaustive analysis of the market and concludes with precise estimates of the revenue generation by each segment, country, region and company. Every detail that might prove to be essential for making strategic decisions is mentioned along with solutions and suggestions from expert analysts. Each segment of the market is studied extensively to provide reliable knowledge for supplementary market investments.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
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 specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.
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