This report studies the Home Automation market status and outlook of global and United States, from angles of players, regions, product types and end industries; this report analyzes the top players in global and United States market, and splits the Home Automation market by product type and applications/end industries.
Albany, NY -- (SBWIRE) -- 02/08/2018 -- Home automation solutions are some of the most sought-after services in the world in the consumer markets. The demand for home automation solutions is much more pronounced in the developed economies than the emerging ones, but the latter is catching up to the competition. Automation solutions are constantly evolving these days in terms of efficiency, ability, and overall performance. A lot of regions refer to home automation solutions as an umbrella term that includes both systems and single point applications that are used to automate any home process. This also includes integrated solutions. A majority contingent of home automation devices are powered by electricity and can be manually overridden. Thanks to efforts in device communication standardization, devices from multiple aspects and different companies are able to connect to each other.
Report will provide the Home Automation market size and forecast (US$ Mn) for the global market and its segments for the period from 2016 to 2022 along with the growth rate (CAGR) from 2017 to 2022.
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The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Home Automation. United States plays an important role in global market, with market size of xx million USD in 2016 and will be xx million USD in 2022, with a CAGR of XX.
Geographically, this report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Home Automation in these regions, from 2012 to 2022 (forecast), covering
Middle East and Africa
The major players in global and United States Home Automation market, including Apple, Google, Samsung, Belkin, IControl, Wink, Logitech, Lutron, Honeywell, Trane, SimpliSafe, Nexia Home, August SmartLock, Kwiksets Kevo Lock, HomeSeer, Vera, Crestron, Zipato
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The On the basis of product, the Home Automation market is primarily split into
On the basis on the end users/applications, this report covers
Global Home Automation Market: Trends and Opportunities:
The primary driver acting on the global home automation market currently is the ever-increasing need shown by homeowners to increase the efficiency of several domestic applications. Home automation can be used to enhance a home's HVAC, entertainment systems, energy consumption management, security, and lighting. Homeowners are showing a particularly high demand for being able to control a home's HVAC needs. Furthermore, the proliferation of high-speed internet in developed regions is becoming a key factor that the home automation market of these regions is hinged upon. High-speed connectivity allows for a much smoother communication rate between devices.
A significant factor working in favor of the global home automation market currently is its ability to promote energy conservation and manage overall energy consumption in a home. The depleting natural resources are putting a high strain on the energy supply in the world, while the demand only seems to increase. Home automation thus becomes one of the methods used by an individual or a family to minimize their energy consumption on a daily basis. Another trend visible in the proliferation of home automation is the growing use of smartphones across the world. Smartphones allow a user to gain a high degree of control over a smart home, therefore imparting a greater affinity for consumers towards home automation.
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