Publisher projects that the Smart Home Market size will grow from USD 64 Billion in 2017 to USD 136 Billion by 2023, at an estimated CAGR of 13.25%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
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The key drivers contributing to the growth of this market include significant advancements in the IoT market; increasing need of the consumer for convenience, safety, and security; and rising need for energy saving and low carbon emission-oriented solutions. The smart home market, on the basis of product, has been segmented into lighting control, security & access control, HVAC control, entertainment & other controls, home healthcare, smart kitchen, and home appliances.
Lighting control held the largest share of the smart home in 2017.
The growth of this market can be attributed to the capability of lighting control to reduce electricity consumption in homes as the sensors adjust the intensity of artificial light according to the intensity of natural light.Entertainment has become an important part of life as it provides relaxation and rejuvenation.
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The most important feature of entertainment control is the ability to integrate multi-room entertainment systems. The major controls used to control and regulate the entertainment systems in smart homes are audio, volume, and multimedia room controls.
The growth of the market for audio, volume, & multimedia room controls is driven by the convenience offered by these controls for managing as well controlling the entertainment systems within a house. The advancements in wireless communication technologies is a major factor boosting the growth of the market for home theater system controls, thereby driving the overall market for entertainment controls.
By Market Players:
Siemens AG, United Technologies Corporation, General Electric Company, Schneider Electric Se, Honeywell International, Inc., Ingersoll-Rand PLC, Johnson Controls, Inc., ABB Ltd., Legrand S.A., Samsung Electronics Co., Ltd., Acuity Brands, Inc., Lutron Electronics Co., Inc., Leviton Manufacturing Company, Inc., Vivint Smart Home, Select Comfort Corporation, Switchmate Inc., Lifx
By Protocols and Technologies
Cellular Network Technologies, Protocols & Standards, Wireless Communication Technologies
Lighting Control, Security and Access Control, HVAC Control, Entertainment and Other Controls, Home Healthcare
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report.
The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts.
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Points Covered in The Report:
The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report.
The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
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The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
Data and information by manufacturer, by region, by type, by application and. and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
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Chapter 1 Industry Overview
Chapter 2 Production Market Analysis
Chapter 3 Sales Market Analysis
Chapter 4 Consumption Market Analysis
Chapter 5 Production, Sales and Consumption Market Comparison Analysis
Chapter 6 Major Manufacturers Production and Sales Market Comparison Analysis
Chapter 7 Major Protocols and Technologies Analysis
Chapter 8 Major Application Analysis
Chapter 9 Industry Chain Analysis
Chapter 10 Global and Regional Market Forecast
Chapter 11 Major Manufacturers Analysis
Chapter 12 New Project Investment Feasibility Analysis
Chapter 13 Conclusions
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