Pune, India -- (SBWIRE) -- 10/21/2015 -- The smart homes market is highly fragmented and comparatively regionalized with a number of product offerings such as lighting control, security control & access control, HVAC control, entertainment control, and others. The global smart homes market is dominated by Schneider Electric SA (France), Ingersoll-Rand Plc. (Ireland), Legrand SA (France), Siemens AG (Germany), ABB Ltd. (Switzerland), and Honeywell International Inc.(U.S.).

Browse 80 market data tables and 83 figures spread through 179 pages and in-depth TOC on "Smart Homes Market - Trend and Forecast to 2020"

These companies together accounted for a share of 68% in the global smart homes market. Other companies such as United Technologies Corporation (U.S.), Lutron Electronic Inc. (U.S.), Tyco International Inc. (Switzerland), Emerson Co. (U.S.), and Control4 (U.S.) together occupied the remaining share of the market. Most of these players focus on selected product segments such as lighting control or security control only. Legrand SA (France) and ABB Ltd. (Switzerland), for instance, are major players in the European lighting control market, but do not have substantial presence in the global market. Similarly, Lutron Electronic Inc. (U.S.) & Crestron Inc. (U.S.) are dominant players in the North American smart homes market; however, they have little or no presence in in other regions.

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There are various factors that drive the implementation of smart home systems; some of which include the need to reduce in-house energy consumption, evolution of technologies & simplification of interfaces, regulatory initiatives, and more. Legrand SA (France) a leader in the European smart home & home automation market is innovating smart home technologies to simplify and at the same time enhance a homeowner's lifestyle. Its smart home solutions can control and program lighting, heating and other energy consuming equipment in order to optimize their use at a minimum cost. The company has an extensive portfolio of home automation and provides a range of solutions for a connected Smart Home based on the Internet of Things (IoT).

Siemens AG (Germany) a global conglomerate, is a key player in the global smart homes market that offers products in all segments such as lighting control, security & access control, and HVAC control across all major regions. The company was recently rewarded with the European Market Leadership Award for its unprecedented contribution towards the home automation industry.

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Control4 Corporation (U.S.), a prominent firm in automation and control solution for connected homes recently announced that nearly 60 global brands in consumer electronics, security, lighting and HVAC have adopted the Control4 Simple Device Discovery Protocol (SDDP), making it easier to connect and integrate their products with one another via the Control4 home automation platform.

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