openPR Logo
Press release

Global Smart Homes Systems Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast - 2022 to 2028

05-06-2022 10:20 AM CET | IT, New Media & Software

Press release from: Orion Market Reports

The smart homes systems market is anticipated to grow at a significant CAGR of 25.5% during the forecast period (2022-2028). Smart home devices are appropriate for a home setup in which devices may be operated remotely using a mobile or other networked device from any internet-connected location. The consumer may control services such as security access, temperature, lighting, and home entertainment in a smart home as all of its gadgets are connected to the internet. The rising importance of the need to combat security challenges is expected to fuel demand for smart and connected houses globally. Furthermore, the market expansion is likely to be aided by breakthrough wireless technologies such as security and access regulators, entertainment controls, and HVAC controllers.

A full report of Global Smart Homes Systems Market is available at:https://orionmarketreports.com/global-smart-homes-systems-market/105083/  

The global smart homes systems market is segmented based on type and sales channel. Based on type, the market is sub-segmented into comfort & lighting, control & connectivity, energy management, home entertainment, security, and smart appliances.  Among these types, the energy management segment is expected to propel the growth of the market. The use of HVAC systems is predicted to increase as a result of new government efficiency rules. This has paved the way for smart HVAC control systems to be implemented in buildings' most advanced heating and air conditioning units. As a result, existing HVAC equipment would have to be either replaced or adapted to meet government energy efficiency criteria. This would increase the demand for HVAC retrofitting, boosting the growth of the energy management segment. Based on the sales channel, the market is sub-segmented into retail and online.

The market players are also contributing significantly to the market's growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market.  For instance, in August 2021, a new switch line had been introduced by ABB India. Millenium and Zenit switches are ISI-certified and provide consumers with control, functionality, and comfort in smart buildings and premises that can be easily upgraded with the latest smart home automation systems. With these switches built for both residential and business establishments, customers may switch from standard lighting to an eco-friendly intelligent alternative.

Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Type
By Sales Channel
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- ABB Ltd., Honeywell International Inc., Emerson Electric Co., Siemens AG, LG Electronics Inc., Cisco Systems Inc., Google LLC, Microsoft Corp., General Electric Co., IBM Corp., andUnited Technologies Corp., among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Smart Homes Systems Market Report by Segment

By Type

Comfort & Lighting
Control & Connectivity
Energy Management
Home Entertainment
Security
Smart Appliances

By Sales Channel

Retail
Online

Media Contact:

Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404

About Us:

Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

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 Global Smart Homes Systems Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast - 2022 to 2028 here

News-ID: 2618418 • Views: 151

More Releases from Orion Market Reports

Fast Food Wrapping Paper Market Is Likely to Experience a Tremendous Growth by 2 …
The Fast Food Wrapping Paper Market size is expected to grow at an annual average of CAGR 4% during the forecast period (2022-2028). Wrapping paper packaging is attracting attention in the global fast food packaging market due to its ease of storage and excellent functional properties that can keep food fresh for a long time. It is extensively used in fast food packaging in quick-service restaurants, full-service restaurants, cafes and
Beer Stabilizers Market to Witness Growth Acceleration by 2028
The Beer Stabilizers Market size is expected to grow at an annual average of CAGR 4% during the forecast period (2022-2028). Beer stabilizers are colloidal haze stabilizers that help improve the shelf life of beer. It is also used for microbial stabilization in alcoholic beverages such as wine and to remove unwanted particles in fruit juices that affect the overall taste and quality of the beverage. It helps manufacturers to
A2 Milk Market Booming Worldwide with Latest Trend and Future Scope by 2028
The A2 Milk Market size is expected to grow at an annual average of CAGR 14% during the forecast period (2022-2028). The liquid a2 milk segment held the largest share of the market. A2 milk is a variety of milk that lacks 1 beta casein protein and contains mainly only α2 beta casein protein. It is obtained from certain breeds of cattle, including Guernsey, Jersey, Holstein, and Brown Swiss.The demand
Blockchain in Agriculture Market Booming Worldwide with Latest Trend and Future …
The Blockchain in Agriculture Market size is expected to grow at an annual average of CAGR 47% during the forecast period (2022-2028). Although blockchain technology has attracted attention because of its role in the financial sector, it has a wide range of applications beyond cryptocurrencies. This technology will revolutionize many industries, including healthcare, law, real estate, and banking. However, a little-explored industry where blockchain has the potential to completely revolutionize

All 5 Releases


More Releases for HVAC

EDS's All-New HVAC Software Puts a Twist in the HVAC Industry
It's an expensive deal to keep a home warm, cool, and power rightly all the time. And it is a tedious job for the HVAC equipment providers to provide the right-sized HVAC solution without accurate heat or cooling load calculation. To address the challenges of the HVAC service providers, today, Energy Design Systems (EDS), a pioneered HVAC engineering solutions provider, has introduced EDS - a powerful HVAC software. Today, Energy
HVAC COMPANIES IN NIGERIA
AKPO OYEGWA REFRIGERATION COMPANY Whether your project is a new build or you are updating an existing building. AKPO OYEGWA REFRIGERATION COMPANY is a full service commercial and industrial HVAC mechanical service contractor with office in Lagos State, Nigeria. With in-depth industry relevant experience AKPO OYEGWA REFRIGERATION COMPANY mechanical services team specialises in offering custom solutions and installations of both commercial and industrial HVAC systems. As an expert full service HVAC contractor
HVAC Centrifugal Compressors Market
The newly released research at Market Study Report titled “2017-2024 Global HVAC Centrifugal Compressors Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years. HVAC Centrifugal Compressors Market is estimated to exceed USD 1 billion by 2024; according to a new research report. Chillers application is expected to value over USD 700 million by 2024. Hotels, shopping malls, commercial offices and hospitals are
Automotive HVAC Technology Market 2018 by Type(Manual HVAC Systems, Automatic HV …
Automotive HVAC Technology MARKET The market research report on the Global Automotive HVAC Technology Market presents an in-depth information about the various aspects of the market, on both global and regional scales, which provides a better understanding of the present market landscape. The growth of the Automotive HVAC Technology market has been driven by the soaring demand for Automotive HVAC Technology in the well-established and emerging regions, current technological advancements, and the
HVAC Company offers Quality HVAC Services in Tulsa, Ok
Tulsa, Ok – SEPTEMBER 13, 2018–Finding the right HVAC services can be difficult for anyone. You want to hire a company that is qualified and will complete the job right the first time. The company that you are looking for needs, to be honest, and trustworthy as well. They are, after all, coming to your home. Wortman Central Air in Tulsa Oklahoma is the diverse, qualified and
Advanced HVAC Control Market Report 2018: Segmentation by Type (Programmable HVA …
Global Advanced HVAC Control market research report provides company profile for Salus, Emerson, Ecobee, Ojelectronics, Regin, Lennox, Nest, Schneider, Honeywell, Johnson Controls, Trane, Siemens and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The