Global Smart Homes Technology Market: Insights and Forecast, 2019-2025: Emphasis on Application (Safety and Security, Smart Appliances, Heating Ventilating, Air Conditioning (HVAC), Home Entertainment, Smart Lighting Systems, Smart Energy Management)
SKU ID : UMI-15116536 | Publishing Date : 01-Aug-2020 | No. of pages : 256
Insights presented in the Report:
Global smart home industry can be segmented across different areas of application which encompasses safety and security, lighting, HVAC, entertainment, smart appliances, and energy management among other. At present, the penetration rate of smart appliances is estimated to occupy a prominent share of 25.3% in the overall market. With the change in consumer preferences and promotional marketing of lighting and HVAC appliances, these application areas are likely to be among the top trend during the forecast period
Moreover, the market is further bifurcated into the end-user industry, wherein the residential segment holds the prime share in the global smart home market contradicting with the commercial segment. With the rapid advancement in technologies, changing lifestyles and rising disposable income of the consumers, mid-range apartments/houses are likely to rule the smart home market by 2024 followed by luxury villas and apartments. Mid-range apartments/houses segment of residential smart home market generated a revenue of US$ 9,486.6 million in 2017. In addition, although, hospitals under commercial smart home segment conquer the market by occupying the lead share in the market, hotels would display maximum CAGR growth of 27.3% over the forecasted period in the respective market
For a deep dive analysis of the industry, the study is conducted across five regions, including North America, Europe, Asia Pacific, Middle East and North Africa (MENA) and Latin America. North America takes the upper hand in the technological market due to first mover advantage. Increasing demand for smart devices, high penetration of smartphone & internet, and stringent regulations on energy consumption has helped North America to dominate the smart home market in the current scenario. Owing to this, North America smart home market was valued at US$ 17.272.2 million in and is estimated to register reasonable compounded growth of 18% over the analyzed period. However, Asia-Pacific region owing to increasing disposable income paired with government initiative is expected to witness the highest growth during the analyzed period
Top Companies Covered:
Some of the major players operating in the market include Haier Electronics, ABB Limited, Acuity Brands, Inc., AMX, LLC, ASSA ABLOY, Cisco Systems, Inc., Control4 Corporation, Crestron Electronics Inc., Deutsche Telekom AG, Emerson Electric Co., General Electric Company, Samsung Electronics Ltd, Honeywell International Inc., IBM Corporation, LG Electronics Inc., Monitronics International Inc., Schneider Electric S.E., Siemens AG, United Technologies Corporation, and Vivint Inc. These companies have the ability to pool in investment from their other business to the smart home market and come up with innovative products pertaining to the increasing demand for smart home appliances.
Reasons to buy the Report:
The study includes market sizing and forecasting analysis validated by authenticated key industry experts
The report presents a quick review of overall industry performance at one glance
The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
Detailed examination of drivers, restraints, key trends and opportunities prevailing in the industry.
Examination of industry attractiveness with the help of Porter’s Five Forces analysis
The study comprehensively covers the market across different segments
Deep dive regional level analysis of the industry
The Global Smart Home Market can be customized to regional/country level or any other market segment. Besides this, Report understands that you may have your own business need, hence we also provide fully customized solutions to clients.
Frequently Asked Questions
- By product type
- By End User/Applications
- By Technology
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