Home Automation Market to 2025 – Global Analysis and Forecasts by Product (Entertainment Centers, Security & Access Control, Lighting Control, Climate Control and Outdoor Automation System) and Networking (Wired, Wireless and Power-Line)
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The home technology across the globe are transforming rapidly and on a track of continuous development in order to provide the end users with ease and convenience to their lives. Owing to the increasing penetration of IOT, the market has experience evolution of numerous wireless platforms supporting the modern lifestyle of the people.
Some of the most popular wireless platforms comprises of Bluetooth, WiFi, Z-wave, Zigbee, X10 and Insteon. North America is largest adopter of home automation system, followed by Europe, while Asia Pacific region with growing numbers of infrastructures and increasing technological trends is anticipated to be the fastest growing region in terms of home automation system market.
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Global home automation system market is expected to grow from US$ 35.24 billion in 2016 to US$ 113.82 billion by 2025 at a CAGR of 13.93% between 2017 and 2025.
The report focuses on an in-depth segmentation of this market based by product, and networking. The geographic segmentation of the report covers six major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA).
The regional market has been further bifurcated by respective countries. By end-user segment professional sector accounted for the largest share of the home automation system market in 2016; whereas, Middle East & Africa region is expected to grow at the highest CAGR during the forecast period.
The report aims to provide an overview of global home automation system market with detailed market segmentation. it analyzes the current home automation system market scenario and forecasts the market till 2025.
The report covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions.
The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provide PEST analysis of all five regions along with the SWOT analysis for all company profiled in the report.
North America is one of the prominent regions in home automation systems market which will contribute highest revenue globally due to technological developments and considerable application of home automation systems during the forecast period. Rapidly growing economies in Asia-Pacific (APAC) with significant growth construction sector will pave the path for increasing adoption and propel the market for home automation systems market.
The APAC region is also expected to lead the market with highest CAGR during the forecast period. Some of the key players of home automation system market include Johnson Controls, Siemens AG, Legrand, Schneider Electric SE, Honeywell International, Inc., Control4 Corporation, ABB Ltd., Crestron Electronics Inc., Leviton Manufacturing Company, Inc., Lutron, Ingersoll-Rand PLC and Vantage Controls among others.
Reason to Access
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global home automation market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global home automation market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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