Press release
Home Automation Market: Progressive trends influencing the growth prospects with Top Key Players Like Honeywell International Inc., Siemens AG, United Technologies Corporation, Cisco Systems, Inc.
Read Report Overview at- https://www.transparencymarketresearch.com/home-automation-market.html
Two key macroeconomic factors have fueled the trends. Rise in household disposal incomes as well as real personal disposable income of populations in emerging economies have fueled the appetite for automation products. Another aspect is the advance made in IoT - a key framework for supporting new features and functionalities in home automation products.
The possibilities are vast. Clocking a CAGR of 6.7%, the global home automation market is expected to reach worth of US$ 124.1 Bn by 2027-end.
Safety and Security Applications Key Revenue Generator
A vast range of products in the home automation products are being used in ensuring homeowners' safety and in automating various security applications. The opportunities in this segment are expected to be massive through the forecast period. The demand for video surveillance applications proliferated over the past few years. The sub-segment held the great majority of shares in 2018. A number of companies are active in catering to the demand for home automation products that can help homeowners and residents to rebuff the security of homes remotely. Other promising regions are HVAC and lighting systems.
Growing demand for comfort and convenience is another key proposition propelling the growth of opportunities in the home automation market. Great strides have been made in the IoT networks used in home automation. Standards and protocols such as Z-Wave, Bluetooth Low Energy (BLE), and Zigbee have all seen some remarkable advances, adding revenue prospects for players in the market.
Request a Sample- https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=785
Preference of Smartphones to Access the Features Key Trend
A large number of features are likely to accessed through mobile devices particularly smartphones. The affordability and ubiquity of smartphones among consumers is a key factor spurring the preference of the use of smartphones in using home automation products. Growing use of home automation products among people who need assistance, such as patients with Alzheimer's, is adding to the growth prospects.
Asia Pacific to be Key Market
North America and Europe have been lucrative markets. Particularly, a large chunk of revenues of the global reveneus have come from U.S. and Western European countries. Meanwhile, in recent years, the appetite of home automation products and solutions have considerably increased in developing countries. Asia Pacific has been at the forefront of these changes. Indonesia, South Korea, and Taiwan have seen remarkable rise in opportunities. A great deal of the growing popularity can be ascribed to change in lifestyle.
Large rise in disposable income of the mid-income groups in Asia in the past decade has been a key trend fueling the momentum. Another key trend is focus on energy efficiency. Smart buildings that optimize energy use through home automation products are greatly being encouraged by industry norms and the general awareness about the benefits among the common populace. The focus on sustainable living is another key motivator for the rapidly increasing appetite.
Ask for References- https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=785
Some of the key players in the home automation market are Honeywell International Inc., Siemens AG, United Technologies Corporation, Cisco Systems, Inc., and Ingersoll-Rand PLC.
TMR Latest News Publication:
Biometric Sensors Market-https://www.transparencymarketresearch.com/biometric-sensors-market.html
Nano Radiation Sensors Market-https://www.transparencymarketresearch.com/nano-radiation-sensors-market.html
Ultrasonic Sensors Market-https://www.transparencymarketresearch.com/ultrasonic-sensors-market.html
Industrial Current Sensors Market-https://www.transparencymarketresearch.com/industrial-current-sensors-market.html
Quantum Dot Sensor Market-https://www.transparencymarketresearch.com/quantum-dot-sensor-market.html
Wavefront Sensor Market-https://www.transparencymarketresearch.com/wavefront-sensor-market.html
Sensor Signal Conditioner (SSC) ICs Market-https://www.transparencymarketresearch.com/sensor-signal-conditioner-ics-market.html
RFID Sensor Market-https://www.transparencymarketresearch.com/rfid-sensor-market.html
Contact Us:
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
About Transparency Market Research
Transparency Market Research is a global market research reports company providing business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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 Home Automation Market: Progressive trends influencing the growth prospects with Top Key Players Like Honeywell International Inc., Siemens AG, United Technologies Corporation, Cisco Systems, Inc. here
News-ID: 2692191 • Views: …
More Releases from Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for Sensor
Ultrasonic Oxygen Sensor Market, Ultrasonic Oxygen Sensor Market Size, Ultrasoni …
Fairfield Market Research offers a complete understanding of the Global Ultrasonic Oxygen Sensor Market in its latest research report. The report includes an unbiased analysis of the market dynamics. The report covers growth prospects, market development potential, product profitability, supply and demand curves and predictions, and government policies. The report has been put together using reliable tools to assess the primary and secondary data. The data is represented in the…
Wheel Speed Sensor Market Growing Up By Sensor Type: Passive Sensor, Active Sens …
Acumen Research and Consulting has announced the addition of the "Wheel Speed Sensor Market” report to their offering.
The Wheel Speed Sensor Market Report 2018 is an in depth study analyzing the current state of the Wheel Speed Sensor Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Wheel Speed Sensor Market provides analysis of China market covering…
Smart Sensor Market - Transportation System Infrastructure & Aerospace Industrie …
Smart sensor market is expected to reach $15,840 million in 2023 from $4,805 million in 2016, growing at a CAGR of 18.4% from 2017 to 2023. Smart sensor have become an integral part of the aerospace and transportation industry. The robust growth in automobile sector, inclination of society towards IoT, development of smart cities, and surge in security threats are some of the major factors that drive the demand for…
Global Body Sensor Market - By Type (EEG Sensor, Visual Sensor, Respiration Sens …
Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalog by adding a fresh study titled “Global Body Sensor Market - Assessment Covering Growth Factors and Upcoming Trends by 2022 End”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2022. The report also targets important facets such as market drivers, challenges, latest trends,…
Biochemical Sensor Market Report 2018: Segmentation by Product (Electrochemical …
Global Biochemical Sensor market research report provides company profile for GE Healthcare (U.S.), Thermo Fisher Scientific. (U.S.), Honeywell International Inc. (U.S.), Bio-Rad Laboratories Inc. (U.S.), Polestar Technologies Inc. (U.S.), Microchip Technology Inc. (U.S.) 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…
Smart Wearable Fitness Devices Sensors Market to 2025 Temperature Sensor, Pressu …
The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Smart Wearable Fitness Devices Sensors by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
This research report is equipped with the information categorizing Smart Wearable Fitness Devices…
