Press release
Home Automation Market to Cross US$25 Billion Globally by 2021
Florida, March 20: Market Research Engine has published a new report titled as “Home Automation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021”Market Research Engine has published a new research report on the global home automation market. The research report states that the global home automation market stood at US$4.41 billion in 2013 and will rise to US$25.00 billion by 2021, growing at a CAGR of 25.90% in the forecast period.
Browse the full report at: https://www.marketresearchengine.com/reportdetails/home-automation-market
Global Home Automation Market is a growing due to increase in the Smart City projects and awareness regarding energy conservation. The home automation market is also supporting the growth of the industries such as real estate, consumer electronics and construction.
Growing purchasing power of the people, increase investment in building infrastructure, growing dependence on technology, and government support are the major drivers which were supporting the growth of this market. According to Market Research Engine, Home Automation market will see a significant growth in the coming years due to the ongoing and upcoming projects in the various developing and developed countries. “The global home automation market is a highly competitive market and it is expected to cross $20.00 billion by 2020, growing at a CAGR of 25.90% in the forecast period”.
Global Home automation market is analysed for the four segments – Types, Control Systems & Applications, and Technologies. These segments are further divided into sub segments such as Types segment (Luxury Home Automation Systems, Mainstream Home Automation Systems and DIY Home Automation Systems),Control Systems & Applications segment (HVAC Control Systems,Energy Management And Climate Control Systems, Security And Access Control Systems, Lighting Control Systems, Integrated Entertainment Control Systems,Healthcare Systems And Home Monitoring, Multifunction And Whole-Home Home Automation Systems, and others) and Technologies segment is divided into (Cellular network technologies,Wireless Communication Technologies, Protocols & Standards,and Associations).
Download Free Sample Report: https://www.marketresearchengine.com/requestsample/home-automation-market
The smartphone based control applications are one of the applications which are growing in the Home automation market. “After successful growth in the mature markets of North America and Europe slowly, the market has started shifting towards the emerging markets of Asia Pacific and MEA due to the growing awareness, increase in demand and purchasing power of the consumers in these regions”.
The Global Home Automation market is divided into six regions; North America, Western Europe, Asia-Pacific, Central Eastern Europe (CEE), Middle East & Africa (MEA) and Latin America. The Asia-Pacific region will be one of the fastest growing markets and India will be one of the leading countries in the region due to the upcoming smart cities project. At present, North America has the largest market share in the home automation market and will continue to lead the market in coming years.
The global home automation market is segmented on the basis of following categories:
Home Automation Market: By application
• Lighting
• Safety and security
• HVAC (Heating, Ventilation, and Air-Conditioning)
• Entertainment (Home audio and video)
• Others(Robotics, heath care)
Home Automation Market: By networking technology
• Wired home automation systems
• Power-line home automation systems
• Computing network home automation systems
• Wireless home automation systems
Home Automation Market: By type
• Luxury (custom) home automation systems
• Mainstream home automation systems
• DIY (Do It Yourself) home automation systems
• Managed home automation services
Home Automation Market: By geography
• North America
• Europe
• Asia Pacific
• Rest of the World
About Market Research Engine
Market Research Engine is a global market research and consulting organization. We provide market intelligence in emerging, niche technologies and markets. Our market analysis powered by rigorous methodology and quality metrics provide information and forecasts across emerging markets, emerging technologies and emerging business models. Our deep focus on industry verticals and country reports help our clients to identify opportunities and develop business strategies.
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