openPR Logo
Press release

Home Automation Market Is Expected To Generate Huge Profits by 2015 - 2025

03-21-2017 07:32 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Home Automation Market Is Expected To Generate Huge Profits

Home automation provides high end solutions and uses advanced digital technology to automate our products and systems. Home automation provides better efficiency and better performance in automating the home or our household activities to centralized control the system. Consumers want to customized, they want professionally installed systems, which is at their convenience and easy to use. They want to save time, prefer energy efficient or saving products. In India, Honeywell and Tata Power Delhi Distribution announced their Automated Demand Response (ADR) project for industrial and commercial facilities. With the help of Honeywell technology, Tata Power Delhi distribution will link more than 160 buildings in its distribution network. It would include power management during periods of peak consumption.

Recently, SwannOne is launched by Swann security that allows users to control their security cameras, lights, AC’s, locks through SwannOne app. It is a multi-faceted home automation system. This app is also compatible with cloud storage solutions and audio analytics. Mouser Electronics is collaborating with AirCorp, TE Connectivity, and Factory Automation System to announce a new Home and Factory Automation Series. This series is a part of Empowering Innovation Together program, which would focus on that would focus on innovative automation technologies that was only seen in science fiction TV shows or movies.

Home Automation Market: Drivers & Restraints

Increase demand of smart phone based app for home automation, increase consumer awareness about energy consuming products, technological advancement, convenience factor, rapid mobile connectivity, urbanization, and change in lifestyle are the most important driving factors, which are driving the growth of the home automation market. Since home automation provides safety, security and high advance technology advance, the demand for home automation market has increased.

Request For Report Sample: http://www.futuremarketinsights.com/reports/sample/rep-gb-766

Home automation products are not considered a necessity or a must buy. Their high initial installation cost is also very high, which is acting as a barrier for home automation market.

Home Automation Market: Segmentation

Home automation market is broadly classified on the basis of the following segments –

By Product:

Luxury home Automation System
Mainstream Home Automation System
Managed Home Automation System
DIY(Do It Yourself Home Automation System)

By Applications:

Safety and Security
Lighting
Entertainment (Audio and Video)
Heating, Ventilation and Air conditioning
Others

By Networking Technology:

Wired Home Automation System
Wireless Home Automation System
Computing Network Home Automation System
Others

Home Automation Market: Overview

The home automation market has grown substantially at a healthy CAGR due to advancement in technology. With rising disposable income and increasing demand for high end products which are energy consuming, home automation market is expected to grow globally. North America will emerge as the fastest growing region in home automation market in the forecast period.

Request For TOC: http://www.futuremarketinsights.com/toc/rep-gb-766

Home Automation Market: Region-wise Outlook

The home automation market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, home automation market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. North America dominates the global home automation due to advancement in technology, consumer awareness and fast internet connectivity. North America is followed by Europe and Asia Pacific in the home automation market globally.

Home Automation Market: Key Players

Some of the key market players in home automation market are AMX, ADT Pulse, Control4 Corporation, Crestron, Vera, HomeSeer, SmartThings, Frontpoint, Savant, Siemens AG, Johnson Controls, Honeywell.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

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 Is Expected To Generate Huge Profits by 2015 - 2025 here

News-ID: 475486 • Views: 247

More Releases from Future Market Insights

Ferrovanadium Market to Witness Robust Expansion throughout the Forecast 2018-20 …
Future Market Insights (FMI) analyses the global ferrovanadium market in its new publication titled “Ferrovanadium Market: Global Industry Analysis (2013 – 2017) & Opportunity Assessment (2018 – 2028)”. This study provides data for 2017 along with the forecast for the period (2018–2028). The main objective of the report is to identify the dynamics of the market and provide recent updates and insights pertaining to various segments of the global ferrovanadium
Automotive Lighting Market is expected to grow at a CAGR of ~6% during the forec …
In a recent publication, Future Market Insights (FMI) provides a perspective on the growth trajectory of automotive lighting market for the period between 2019 and 2029. According to the study, worldwide sales of automotive lighting reached ~2 billion units, equating a value of ~US$ 36.5 billion in 2018. Gains remain driven by growing popularity of luxury cars and high purchasing power of middle class demographic in developing countries that increased the
Motorcycle Suspension System Market Size, Share, Industry Analysis, Future Growt …
Future Market Insights has released a new market study on "Motorcycle Suspension System Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028", which studies the global Motorcycle Suspension System market and offers deep dive analysis for the next ten years. The report evaluates all the key macro-economic factors projected to support the growth of the global as well as regional markets. The report on Motorcycle Suspension System also presents the
Clinical Trials Market Survey Report 2021 Along with Statistics, Forecasts till …
The study offers a long-term forecast of the clinical trials landscape for the period between 2019 and 2029. The clinical trials landscape is projected to record a 4.5% CAGR through 2029. Collaboration at Its Peak: Key Strategy of Manufacturers in Clinical Trials Market For reducing economic burden, many companies are planning to shift their focus towards on-core business activities, thereby outsourcing their clinical trials activities to the CROs (contract research organizations). This

All 5 Releases


More Releases for Automation

Global Substation Automation Market
This report studies the Substation Automation market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. The demand of Substation Automation is increasing now. The global Substation Automation market was xx million US$ in
Global Lab Automation Industry
Global Lab Automation Industry Latest Report on Lab Automation Market Global Analysis & 2021 Forecast Research Study Lab Automation Market Analysis Automation is one of the best weapon in the life science laboratory due to the growing demands for productivity in speed, accuracy, throughput and efficiency. Helped by advance technology, contemporary automated systems are already adept of a wide range of functions that were previously performed by slow, tedious and manual labor. Instrumentation
Test Automation Market
Test automation is being utilized in software for comparing the tangible outcomes with expected software outcomes. Automatically, there are various tools that help in operation of controlling the test execution. Software testing which is done manually through which person operates on the computer and go through several stages needed for testing purpose such as trying various usage, application screens, and input combinations that compares the results to be projected behavior
Pharmacy Automation Market
Pharmacy automation is a mechanical process where handling and distribution of medications takes place in hospital pharmacy or at retail pharmacy. It includes any pharmacy task that involves counting of small objects such as tablets or capsules, measuring and mixing of powders and liquids for compounding, tracking and updating customer information in databases such as personally identifiable information (PPI), drug interaction risk detection, medical history and inventory management. The pharmacy
Global Automation Instrumentation Market
Automation is the use of several control systems for operating equipment such as boilers and heat treating ovens, machinery, switching in telephone networks, stabilization and steering of aircraft, ships and other applications with reduced or minimal human intervention. Automation saves labor and energy and improves quality and precision. Automation can be broadly divided into process and discrete automation. Instrumentation is the science and art of control and measurement of
India Home Automation Market,
Renub Research report about India Home Automation Market by Types (Lighting, Security, Heating, Ventilating and Air Conditioning, HVAC, Entertainment) By User (Residential, Commercial & Hospitality) Company Profiles & Forecast. According to this research India Home Automation Market is expected to cross the figure of INR 30,000 Crore by 2022. Home Automation in India is creating big opportunity not only for Indian automation companies, but also for foreign companies. At present