Consumer & Luxury Goods Market Research News

Smart homes market would register a CAGR of 15.2% from 2017 to 2025 just published

Consumer Market Research

The research outlines market landscape, drivers, restraints, opportunities, and detailed segmentation.

Progressive Markets has published a report, titled, “Global Smart Homes Market–Size, Trend, Share, Opportunity Analysis & Forecast, 2014–2025.” As per the report, the global smart homes market is expected to grow at a CAGR of 15.2% from 2017 to 2025. 

In addition, geographical scenario of various regions is outlined in the study to outline emerging geographies and present insights on opportunities in the untapped markets. The study is a helpful source of information for market players, investors, and new entrants to determine market size for the future and take necessary steps to gain strong position in the market. 

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Market landscape of the global smart homes industry is provided based on drivers, restraints, market share analysis, and Porter’s Five Forces model. Driving forces analyzed in the report are low energy levels along with more automated applications and personal & family security provided by smart homes.

Restraining factor of the market is high up investment for smart technologies. Impact of drivers and restraints are explored.

This information help manufacturers to take necessary steps to capitalize on driving factors and overcome challenges to achieve growth. Porter’s Five Forces model is offered to outline level of competition based on bargaining power of buyers & suppliers, threat from new entrant & substitutes, and industry rivalry.

Market share analysis of the market is offered for each segment with the help of tables for the period, 2014–2025.

The report offers detailed segmentation of the global smart homes market based on product type, technology, and geography. The study further classified product segment into lighting control, HVAC control, security and access control, smart kitchen, and entertainment & other controls.

Technologies analyzed in the research are Bluetooth, Zigbee, radiofrequency identification (RFID), GSM/GPRS-cellular technology, Wi-Fi technology, and computing technologies. Based on geography, the report segments the market into North America, Europe, Asia-Pacific, and LAMEA.

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Countries from North America are analyzed U.S., Canada, and Mexico, however, European countries analyzed are U.K., Germany, France, Spain, Italy, and rest of the Europe. Asia-Pacific segment is classified into China, Japan, India, Australia, South Korea, and rest of the Asia-Pacific, however, LAMEA region is classified into Brazil, Saudi Arabia, and South Africa.

Market value for each segment is offered for the historic period, 2014–2016 and the forecast period, 2017–2025. Revenue generated by each country in those regions for the historic period and the forecast period are offered with the help of tabular formats and figures.

This is a significant source of information to gain understanding of emerging economies across the world and expand business to gain major market share in the global industry.

The report offers an extensive analysis of key manufacturers operating in the global smart homes market. A brief business overview, financial & business segmentation, and recent developments of each market player are offered in the study.

This information assist other market players to determine competitive scenario and opens up opportunities for collaborations, partnerships, and others. These manufacturers include Control4 Corporation, Cisco Systems, Inc., Schneider Electric SA, Leviton MFG.

Company Inc., United Technologies Corporation, Siemens Building Technologies, Emerson Electric Co., Smarthome, Inc., Honeywell Scanning & Mobility, and LG Electronics Inc. Tables offer a snapshot of each company is provided with the help of tables.

This information assist to determine the competitive intensity and take necessary steps to gain competitive edge over others.

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