Harrisburg, NC -- (SBWIRE) -- 04/26/2019 -- Global Smart Homes and Buildings Market Size, Status and Forecast 2019-2025
The market revenue of $4.8 billion in 2012 is expected to grow up to $35.3 billion by 2020. The main drivers for the growth of the market are government regulations, rising energy costs and raising awareness with respect to environmental concerns.
Energy efficiency has become the need of the hour as the global energy cost is increasing owing to the ever growing demand and environmental concerns of greenhouse gas (GHG) emission. The construction business is embracing the energy efficiency trend and using building automation system to meet the growing demand for energy efficiency in smart homes and buildings. The global smart, automated and energy efficient homes and buildings market report published by Allied Market Research discusses the in-depth analysis of this market which includes the drivers, restraints and opportunities for its growth.
The Global Smart Homes and Buildings market is expected to reach $146.1 billion by 2025 from $15.7 billion in 2017; growing at a CAGR of 32.1% from 2017 to 2025.
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Top Leading Companies are: Cisco Systems,Emerson Electric,Honeywell International,Siemens,Robert Bosch,Control4 Corporation,Leviton Manufacturing,United Technologies
Energy efficiency has become the need of the hour as it is expected that energy demand would increase by 40% between 2010 and 2040. The key restraint for the growth is the high upfront investment that is required for well-integrated smart technologies. Perceived value versus the cost issue is still a concern that is impacting the adoption rates. Increasing smart homes and buildings with well-integrated and applied technologies will precisely lead to envisioned concept of Smart Cities.
Contents of the 15 Chapters for This Smart Homes and Buildings Market Study:-
Chapter 1, to describe Smart Homes and Buildings Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Smart Homes and Buildings , with sales, revenue, and price of Smart Homes and Buildings , in 2017 and 2019;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2017 and 2019;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Smart Homes and Buildings, for each region, from 2013 to 2019;
Chapter 5, 6, 7, 8 and 9, to analyze the key regions, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2019;
Chapter 12, Smart Homes and Buildings market forecast, by regions, type and application, with sales and revenue, from 2019 to 2025;
Chapter 13, 14 and 15, to describe Smart Homes and Buildings sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
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Smart Homes and Buildings Market, by Type:
Energy Management
Lighting Control
HVAC Control
Safety and Security
Other
Smart Homes and Buildings Market, by End User:
Government Organizations
Residential Users
Commercial Users
Other
However, there are some factors such as high upfront cost and lack of standards and interoperability which are expected to act as restraints for the market growth. North America is expected to generate revenue of $12.4 billion by 2020 growing at a CAGR of 25.9% from 2013 to 2020. However, the Asia-Pacific is a high-opportunity market that is expected to grow at a CAGR of 37.7% from 2013 to 2020.
North Americadominated the global market with largest market share of 39.3% in 2017 and expected to continue its dominance during the forecasted period. The growth is attributed to improved home security levels, high demand about dependable home energy management systems, as well as rising popularity of incorporation of smart devices like smartphones & tablets in smart home solutions.
By geography, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America covers the U.S., Canada, and Mexico. UK, Russia, Germany, France, Italy, and Rest of Europe are analyzed under the European market. China, Japan, India, South Korea, and Rest of Asia-Pacific are included under the Asia-Pacific Market While RoW is bifurcated into South America, Middle East, and Africa.
The report will make detailed analysis mainly on the development environment, Market size, development trends, operation situation and future development trends of Smart Homes and Buildings Market on the basis of current situation of the industry in 2019 so as to make full comprehension and judgment on the competitive situation of Smart Homes and Buildings Market Carrier and assist manufacturers and investment organization to better grasp the development course of Smart Homes and Buildings Market.
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Important attributes of the report:
The 360-degree Smart Homes and Buildings overview based on a global and regional level.
Market share, value, volume, and production capacity is analyzed on global, regional and country level.
A complete and useful guide for new market aspirants.
Forecast information will drive strategic, innovative and profitable business plans.
SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations.
Lastly, the research methodology and data sources are offered in this report.
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