Press release
Smart Home Market Key Players - Honeywell (U.S.), Danfoss (Denmark), Ecobee (Canada), Cisco (U.S.) by Forecast to 2027
The major growth driver of Smart Home Market includes growing awareness among consumers about energy conservation, growing aging population, rising disposable income in developing countries, and government initiatives among others.
Hence the market for Smart Home is expected to grow at high CAGR (2016-2027).
However, high installation cost, and lack of skilled expertise are the factors which are hindering the growth of Smart Home Market.
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Major Key Players:
• Honeywell (U.S.)
• Danfoss (Denmark)
• Nest (U.S.)
• Ecobee (Canada)
• AT&T (U.S.)
• Cisco (U.S.)
• Samsung (South Korea)
• Liricco Technologies (Hong Kong)
• MMB Networks (Canada)
• Time Warner Cable (U.S.)
Regional Analysis of Smart Home Market:
North-America dominated the Global Smart Home Market with the largest market share due to growing demand for home healthcare and increasing population in the region, and therefore accounting for in million and is expected to grow over high billion by 2027.
Smart Home Market in European market is expected to grow at CAGR of high from USD million in 2016 to in million by 2027.
Objective of Smart Home Market Study:
• To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the global Smart Home Market.
• To provide insights about factors affecting the market growth.
• To Analyze the Smart Home Market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.•To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market for segment by Product, by Technology and sub-segments.
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Smart Home Market .
Segments:
Global Smart Home Market can be segmented as follows:
Segmentation by Product: Security & control (smart shutters, smart detectors, smart doorbell, smoke alarm and others), Home appliances (smart coffee maker, smart AC, robot vacuum cleaner and others), and Entertainment & connectivity (smart TV, home plugs, routers, smart set top box and others) among others.
Segmentation by Technologies: Protocol, Network and wireless among others.
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Industry News:
• O2, UK mobile operator has announced in January 2016 about its partnership with AT&T to provide smart home applications to the consumer.
• Ecobee and Sun power has announced in year 2016 about its new program where both the companies are teaming up to provide help to consumers in taking control of their electricity cost.
• AT&T and Ericsson are planning to provide digital life with wireless home security and automation to their consumers. For this Ericsson would provide sales channels to AT&T so that to provide digital platform to the consumers.
Table of Content
1. Report prologue
2. Introduction
2.1 Definition
2.2 Scope of the study
2.2.1 Research objective
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market structure
Continued…
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