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North America Home Automation Systems Market Size, Business Strategy and Regional Analysis by 2026

07-19-2022 06:54 PM CET | IT, New Media & Software

Press release from: IMARC Group

North America Home Automation Systems Market Size, Business

According to the latest report by IMARC Group, titled "North America Home Automation Systems Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", the North America home automation systems market reached a value of US$ 12.35 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026.

Home automation systems are technological solutions that are specifically designed for controlling multiple electronic devices installed in a home efficiently. They are equipped with intelligent technology that ensures safety and facilitates energy conservation across the residential sector. Their usage enables individuals to monitor and automate various functions and appliances around the house with the use of a smartphone or a tablet. They also assist in integrating and centralizing control of operations, thereby enhancing the overall user experience.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Request Free Report Sample: https://www.imarcgroup.com/north-america-home-automation-systems-market/requestsample

Market Trends and Drivers:

The North America home automation systems market is primarily driven by the rising requirement for operational efficiency in the residential segment. This is supported by the increasing need for optimized energy consumption and the rising consumer awareness about continual technological innovations in the market.
The market is also driven by the escalating need for safety and compliance in the residential segment, which is further supported by numerous favorable government regulations. Some of the other factors contributing to the market include the improving living standards of individuals across the North American region and the rising integration of the Internet of Things (IoT) with these systems. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026.

Competitive Landscape with Key Players:

The competitive landscape of the North America home automation systems market has been studied in the report with the detailed profiles of the key players operating in the market.

Market Segmentation:

Breakup by Application:

• Lighting Control
• Security and Access Control
• HVAC Control
• Entertainment
• Others

Breakup by Type:

• Luxury (Custom) Home Automation Systems
• Mainstream Home Automation Systems
• DIY (Do-it-yourself) Home Automation Systems
• Managed Home Automation Systems

Breakup by Country:

• United States
• Canada
• Mexico

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/north-america-home-automation-systems-market

Key highlights of the report:

• Market Performance (2015-2020)
• Market Outlook (2021-2026)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Contact US:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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