Global Smart Home Industry is further estimated to grow at a CAGR of 13.08% from 2018 to reach USD 124.57 Billion by the year 2025. North America region holds the highest Industry share in 2017 and Asia-Pacific Industry is considered as the fastest growing Industry in the forecasted period.
At a country level, developed Industry’s like the U.S. as well the emerging Industry’s like China with highest population base holds a notable Industry share in 2017 and it is projected to grow at a gradual pace in the coming years.
Click Here For More Details @ www.alexareports.com/report/…nd-outlook
Major market players in Smart Home Industry are Schneider Electric Se, General Electric Company, Siemens AG, Samsung Electronics Co. Ltd., ABB Ltd., Legrand S.A, Honeywell International Inc., United Technologies Corporation, Johnson Controls Inc., Ingersoll-Rand PLC and other 10 more companies’ detailed information is provided in research report.
Rising research and development expenses to address the changing demand of end users, similarly, growth strategies such as Collaboration between top players like Honeywell and Huawei for developing the smart building projects were adopted. ADT, Vivint, Comcast and AT&T from America and eQ-3, RWE, Verisure and Loxone from Europe are the new entrants which have already established their business in developing smart homes.
This suggests that there are growth opportunities for new entrants in the smart home Industry.
Sample Request of this Report @ www.alexareports.com/report-sample/9150
SWOT analysis of Smart Home Industry
Technological advancements in different segments like self-monitored security systems for smart homes
Government grants provided to promote green buildings and eco-system
The high cost of switching from existing devices to updated ones
Smart Homes provide opportunities for lateral growth to various sub-segments like lighting controllers and in-built data-connectivity technology
Device maintenance issues for the product such as UV purifier and humidifier for smart home
Segmentation done on the basis of Application includes Security & Access, Lighting Control, Heating Ventilation & Air Conditioning, Smart Kitchen, Home Healthcare, Home Appliances, Entertainment of which the Lighting Control segment is expected to hold the highest Industry share during the forecast period. This is increasing due to the investment of government in a smart city project.
Peer-to-peer connections between devices for the autonomous functioning of devices are created by this lighting controller.
- • Proactive
- • Behavioral
- • Security & Access
- • Lighting Control
- • Heating Ventilation & Air Conditioning
- • Smart Kitchen
- • Home Healthcare
- • Home Appliances
- • Entertainment
- • USA
- • Canada
- • Germany
- • U.K.
- • France
- • Italy
- • Rest of Europe
- • China
- • India
- • Japan
- • Rest of Asia-Pacific
- • Latin America
- • Middle East & Africa
Category: Market Research Publishers and RetailersCompany about: Alexa Reports is a globally celebrated premium market research service provider, with a strong legacy of empowering business with years of experience. We help our clients by implementing decision support system through progressive statistical surveying, in-depth market analysis, and reliable forecast data. Till date, we have collaborated and partnered with well-known publishers in specialized domain to offer our clients with comprehensive market analysis. Over the past few years, we have been ab ...
For more information:Make an Inquiry about this report HERE!