Global Home Automation Market to Exhibit 25% CAGR between 2014 and 2020
Deerfield Beach, FL -- (SBWIRE) -- 07/03/2017 -- Zion Market Research has published a new report titled "Home Automation (Luxury, Mainstream, DIY (Do It Yourself) and Managed) Market by Networking Technology (Wired, Power-line, Computing Network and Wireless) for Lighting, Safety and security, HVAC, Entertainment and Other (Robotics and Heath care) Applications – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020". According to the report, global home automation market was valued at around USD 5.0 billion in 2014 and is expected to reach USD 21.0 billion in 2020, growing at a CAGR of around 25% between 2015 and 2020.
Home automation is the residential extension of building automation. Home automation is all about automation of the home and household activity. Key aspects involved in home automation includes centralized control of lighting, HVAC (heating, ventilation and air conditioning), appliances, security locks of gates and doors and other systems, to provide improved convenience, comfort, energy efficiency and security. Home automation for the elderly and disabled can provide increased quality of life for persons who might otherwise depends upon someone else for their day to day activity.
Request For Free Sample Report: https://goo.gl/iRgsvF
Home automation is growing in popularity among house owners owing to decreasing cost and simplicity in functioning of home automation systems. Tablet and smartphone connectivity with home automation systems has made it very convenient for end-users to manage their household activities. This has fueled the growth of global home automation market. Moreover, home automation systems helps reducing energy consumption and provided improved safety for home. Home automation systems can effectively prevents the criminal activities such as robbery, theft, etc. Additionally, enhanced internet connectivity in developed economies such as U.S. Japan, UK, Germany, France, etc. is driving demand for home automation systems. However, lack of awareness in end-users among emerging and underdeveloped nation and high cost of home automation is expected to hamper growth of home automation industry.
Request For Free Price Quotation: http://www.marketresearchstore.com/requestquote?reportid=38751
Luxury (custom) home automation systems, mainstream home automation systems, DIY (Do It Yourself) home automation systems, managed home automation services are the key types of the home automation market. Vast variety of devices is used in access and security controls include motion sensors, intrusion detection system, bit screen, video surveillance and keypads, alarms. Smart home system's products are segmented into access and security control, recreation management, energy management, entertainment, as well as HVAC control.
Wired home automation systems, power-line home automation systems, computing network home automation systems, wireless home automation systems are the networking technologies used in home automation. Wireless system management segment dominated the home automation market in 2014. It accounted for more than 40% of the overall market in 2014. With increasing use of products enabled with wi-fi technology, demand for wireless system management is expected to go up.
Browse the full report at: http://www.marketresearchstore.com/report/home-automation-market-z38751
On the basis of applications home automation market can be segmented as lighting, safety and security, HVAC (Heating, Ventilation, and Air-Conditioning), entertainment (Home audio and video), other applications like robotics, heath care etc. Safety and security was the largest application market for home automation in 2014, which accounted for around 20% share of total market in 2014. Increasing demand for safety and security home automation systems can be attributed to the growing need for remote home monitoring solutions. Entertainment is second largest application market for home automation systems industry.
Home automation market was dominated by North America with around 40% shares of the total market in 2014. North America is followed by Europe and Asia Pacific. Europe is expected to witness robust growth in home automation systems market owing to strong demand from Germany, UK and France. Global home automation market is highly competitive, with the presence of well-established global market participants. Crestron Electronics, Inc., Control4 Corporation, AMX LLC, ADT Corporation, 2GIG Technologies, Siemens AG, Johnson Controls, Honeywell International Inc., iControl Networks Inc., Vantage Controls, Schneider Electric SA are some of the key vendors in the market.
This report segments the global home automation market as follows:
Type Segment Analysis: Luxury (custom) home automation systems, Mainstream home automation systems, DIY (Do It Yourself) home automation systems, Managed home automation services
Networking Technology Segment Analysis: Wired home automation systems, Power-line home automation systems, Computing network home automation systems, Wireless home automation systems
Application Segment Analysis: Lighting, Safety and security, HVAC (Heating, Ventilation, and Air-Conditioning), Entertainment (Home audio and video), Others (Robotics, heath care)
Regional Segment Analysis: North America (US), Europe(Germany, France, UK), Asia Pacific(China, Japan, India), Latin America(Brazil), Middle East and Africa
Visit Our Blog: https://marketresearchstore2017.wordpress.com
About Zion Market Research
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.
3422 SW 15 Street, Suit #8138
Deerfield Beach, Florida 33442
Toll Free: +1-855-465-4651 (USA-CANADA)