Press release
Smart Home Market Size Expected to Hit $53.45 Billion by 2022
The advanced technology has enabled various devices to be connected and controlled by one device and this technology is used by smart homes. In smart homes various devices such as lighting, AC, CCTV cameras, smart TV, washing machine, etc., can be controlled by either a remote or a smartphone or tablet. These devices can be switched on or off from a different location even if the device controlling them gets a signal for the same. Homeowners are enjoying more convenience and comfort from basic security monitoring and customized access to window coverings, appliances, lighting, irrigation, entertainment systems and many others.Prominent drivers of smart home adoption are energy efficiency, home security, entertainment, convenience/productivity, remote health monitoring and connectivity.
Request Free Sample copy of Research Report @ https://www.zionmarketresearch.com/sample/smart-home-market
The major growth driver for the smart home market includes growing awareness among consumers about energy consumption, growing aging population, rising disposable income in developing countries, and government initiatives among others.In addition, rising demand for home healthcare is fueling the growth of the smart home market. However, high prices coupled with limited consumer demand and long device replacement cycles are top barriers preventing the smart home market from moving from the early-adopter stage to the mass adoption stage.
Segmentation of smart home market is done on the basis of product and region. The products involved in the smart home market are the smart kitchen, home healthcare, lighting control, HVAC control and others. Light control held the largest share in the smart home market due to reduced electricity consumption in homes. Lighting sensors adjust the intensity of artificial light according to the intensity of natural light thereby reducing power consumption.
Browse the full "Smart Home Market (Smart Kitchen, Security & Access Control, Lighting Control, Home Healthcare, HVAC Control and Others): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2016 - 2022" report at https://www.zionmarketresearch.com/report/smart-home-market
North America held the largest share of the smart home market due to rise in demand of home healthcare and population. Europe is another leading smart home market as it follows North America. In North America, government initiatives include remotely controlling gas, power meters and water to fall into the smart grid with ease. Aging population, energy & cost saving, security, and convenience, reduced carbon emissions, government initiatives are the major factor which is driving the smart home market growth over the forecast period. Asia Pacific is also projected significant growth in upcoming years.
Inquire more about this report before purchase @ https://www.zionmarketresearch.com/inquiry/smart-home-market
The prominent players in the smart home are Legrand, Siemens AG, Johnson Controls Inc., Ingersoll-Rand plc, Schneider Electric SE, Acuity Brands, Inc., ABB Ltd., United Technologies Corporation, Samsung Electronics Co., Ltd., Nest Labs, Inc., Honeywell International Inc. and Crestron Electronics, among others.
Directly Purchase a copy of report with TOC @ https://www.zionmarketresearch.com/buynow/su/smart-home-market
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Contact Us:
Zion Market Research
4283, Express Lane,
Suite 634-143,
Sarasota, Florida 34249, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: http://www.zionmarketresearch.com
Blog: https://zionmarketresearch.wordpress.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 Smart Home Market Size Expected to Hit $53.45 Billion by 2022 here
News-ID: 546085 • Views: …
More Releases from zion market research
Pharmaceutical Plastic Bottles Market Size to Reach USD 49.72 Billion by 2034, G …
The global pharmaceutical plastic bottles market continues to gain momentum as the pharmaceutical and healthcare industries increasingly prioritize lightweight, durable, and cost-effective packaging solutions. Valued at USD 30.52 billion in 2024, the market is projected to reach approximately USD 49.72 billion by 2034, expanding at a steady CAGR of 5% during the forecast period (2025-2034).
Pharmaceutical plastic bottles are increasingly replacing traditional glass containers due to their superior safety, convenience, and…
Building Panels Market Size to Reach USD 421.41 Billion by 2034, Growing at a CA …
The global building panels market is experiencing strong momentum as the construction industry increasingly embraces faster, sustainable, and cost-efficient building methods. Valued at USD 228.54 billion in 2024, the market is projected to soar to USD 421.41 billion by 2034, expanding at a steady CAGR of 6.3% during the forecast period (2025-2034).
Building panels - used across residential, commercial, and industrial structures - are manufactured from a range of materials, including…
Vessel Traffic Management Market Size to Reach USD 15.51 Billion by 2034, Growin …
The global vessel traffic management (VTM) market is on a strong growth trajectory, valued at USD 6.93 billion in 2024 and projected to surpass USD 15.51 billion by 2034, expanding at a CAGR of 8.4% between 2025 and 2034. The market is witnessing steady growth due to the rising need for safe navigation, maritime trade expansion, and smart port technology adoption across the globe.
Vessel traffic management systems play a crucial…
Global Plastic Waste Management Market To Surpass USD 64.02 Billion by 2034, Dri …
The global plastic waste management market was valued at USD 38.56 Billion in 2024 and is projected to reach approximately USD 64.02 Billion by 2034, growing at a CAGR of 5.2% between 2025 and 2034. The industry's growth is fueled by increasing environmental awareness, stringent government regulations, and the rise of circular economy practices across both developed and emerging economies.
Plastic waste management has evolved into one of the most crucial…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
