Home Automation Market size will exceed US$25 Billion by 2021 - Erie News Now | WICU & WSEE in Erie, PA

Home Automation Market size will exceed US$25 Billion by 2021

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Florida, September 21, 2017 /Financeswire/: Global Home Automation Market is a growing due to increase in the Smart City projects and awareness regarding energy conservation. The home automation market is also supporting the growth of the industries such as real estate, consumer electronics and construction.

Growing purchasing power of the people, increase investment in building infrastructure, growing dependence on technology, and government support are the major drivers which were supporting the growth of this market. According to Market Research Engine, Home Automation market will see a significant growth in the coming years due to the ongoing and upcoming projects in the various developing and developed countries. “The global home automation market is a highly competitive market and it is expected to cross $20.00 billion by 2020, growing at a CAGR of 25.90% in the forecast period”.

You Can Find report @: https://www.marketresearchengine.com/reportdetails/home-automation-market

The global home automation market is segmented on the basis of following categories:

Home Automation Market: By application

  • Lighting
  • Safety and security
  • HVAC (Heating, Ventilation, and Air-Conditioning)
  • Entertainment (Home audio and video)
  • Others(Robotics, heath care)

Home Automation Market: By networking technology

  • Wired home automation systems
  • Power-line home automation systems
  • Computing network home automation systems
  • Wireless home automation systems

Home Automation Market: By type

  • Luxury (custom) home automation systems
  • Mainstream home automation systems
  • DIY (Do It Yourself) home automation systems
  • Managed home automation services

Home Automation Market: By geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Table of Contents

1 INTRODUCTION

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

5.1 Introduction

5.2 Market Segmentation

5.2.1 Home Automation System Market, By Lighting Control

5.2.2 Market, By Security and Access Control

5.2.3 Home Automation System Market, By HVAC Control

5.2.4 Market, By Entertainment Control

5.2.5 Market, By Communication Protocol and Technology

5.2.6 Market, By Software & Service

5.3 Market Dynamics

5.3.1 Drivers

5.3.1.1 Significantly Growing Iot Market

5.3.1.2 Cost Reduction Measures Enabled By Home Automation Systems

5.3.1.3 Large Number of Manufacturers Expanding Their Product Portfolios

5.3.1.4 Increasing Importance of Home Monitoring From Remote Locations

5.3.2 Restraints

5.3.2.1 Many of the Products of Home Automation Industry to Reach Maturity Level

5.3.2.2 Market is More Convenience-Driven Than Necessity-Driven

5.3.3 Opportunities

5.3.3.1 Lighting Controllers to Incorporate In-Built Data-Connectivity Technology

5.3.3.2 Favorable Government Regulations in Several Countries

5.3.4 Challenges

5.3.4.1 Risk of Device Malfunctioning

6 Industry Trends

7 Protocols and Technologies Used in Home Automation Systems

8 Home Automation System Market, By Product

9 Home Automation System Market, By Software & Service

10 Home Automation System Market, By Geography

11 Competitive Landscape

12 Company Profiles

12.1 Honeywell International, Inc.

12.2 Legrand

12.3 Ingersoll-Rand PLC

12.4 Johnson Controls Inc.

12.5 Schneider Electric SE

12.6 Siemens AG

12.7 ABB Ltd.

12.8 Acuity Brands, Inc.

12.9 United Technologies Corporation

12.10 Samsung Electronics Co., Ltd.

12.11 Nest Labs Inc.

12.12 Crestron Electronics, Inc.

Media Contact
Company Name:
Market Research Engine
Contact Person: John Bay
Email: john@marketresearchengine.com
Phone: +1-855-984-1862
Website: https://www.marketresearchengine.com/

 

Source: http://www.financeswire.com/home-automation-market-size-will-exceed-us25-billion-by-2021

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