Global Home Automation Market To Cross US$ 32 Billion By 2022 - Erie News Now | WICU & WSEE in Erie, PA

Global Home Automation Market To Cross US$ 32 Billion By 2022


The global home automation market is expected to grow from US$ 4.41 billion in 2013 to US$ 21.6 billion by 2020, registering a compound annual growth rate (CAGR) of 26.3% during the forecast period. The growing purchasing power of the people, increasing investment in building infrastructure, rising dependence on technology, and government support are mainly driving the home automation market. In addition, the increase in demand for Smartphone-based control applications is expected to drive the market during the forecast period.

In this report, the global home automation market is segmented by product, software & service, and region. Based on product, the market is segmented into lighting control, security & access control, HVAC control, and entertainment & other controls. The home automation market is segmented on software & service into behavioral and proactive.

The global home automation market is also segmented on the basis of key regions, namely, North America, Western Europe, Asia Pacific, Central Eastern Europe, and the Middle East and Africa. North America and Western Europe are the key home automation markets. Apart from these mature markets, even the emerging markets are witnessing significant growth. The smart city projects in the mature and emerging markets such as Canada the U.K., Poland, Germany, and India are supporting the growth of the global home automation market.

A glimpse of the report structure is provided in the report description available on the website.

Furthermore, each region is segmented to provide market revenue for select countries such as the U.S., Canada, the U.K., Germany, China, Japan, India, Poland, Russia, Brazil, and GCC countries. The report includes a detailed study of global and regional home automation market and analyzes the variations in the growth of the industry in certain regions.

AMX LLC, Crestron Electronics, Inc., Control4 Corporation, ABB Ltd., Honeywell International, and Schneider Electric SA are the most active players in the home automation market.

This report covers the home automation market, in terms of value, and forecasts the market size till 2022. It includes the market segmentation by product, software & service, and region. In addition, the report identifies key growth segments and opportunities in the industry. This report also covers detailed competitive outlook including the market share and company profiles of the key players in the global market. Company profile includes company summary, financial summary, business strategy and planning, SWOT analysis, and current developments.

The report provides global market trends, with data from 2013, estimates for 2014 and 2015, and projections of CAGRs through 2022. This deep-dive study on the home automation market will help customers identify new market opportunities and targeted promotional plans.


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