A smart home system is a system used to automate many common processes in a residential home. Among other things, it's able to control the lighting, heating and air, security, appliances, WiFi and more.
Also known as a smart house, a smart home is a type of residential building that's equipped with an automation technology. Some people assume that smart home technology involves the use of a single device, but this isn't necessarily true. While some smart homes feature a hub, that hub must still be connected to all of the processes or systems that homeowners wants to automate -- and those processes or systems must support the use of smart home technology.
Nonetheless, many homeowners are upgrading their homes with smart technology.
Doing so offers numerous benefits, one of which is lower utility bills. By automating processes like heating and lighting, homeowners can reduce their energy consumption and subsequently save money on electric and power bills. This, of course, is just one of many benefits associated with smart home technology. To put the popularity of smart home systems into perspective, research shows that the market was valued at $5.77 billion in 2013. Analysts predict, however, this number will grow to $12.81 billion by the end of 2020.
The Global Smart Homes Systems Market …ional Survey 2017 report by The Market Reports is a comprehensive study of the global smart homes systems market. Featuring 116 pages, it analyzes the market from all angles. Within this report, you'll find information on the smart home market's size, definitions, classifications, chain structure, trends, growth drivers, challenges and more. It even discusses some of the market's development policies and plans. Using this information, investors and professionals can make better decisions regarding the smart home systems market.
Some of the key smart home systems vendors profiled in this report include Adt, Honeywell, Vivint, Nortek, Crestron, Lutron, Leviton, Comcast, Abb, Acuity Brands, Alarm.Com, Control4, Schneider Electric, Time Warner Cable, Siemens Ag and Sonos.
The Global Smart Home Automation Market Research 2017 report by The Market Reports is a second professional analysis of the global smart home automation market. This report consists of 112 professionally developed pages that take a closer look at the global smart home market, complete with both current and future prospective scenarios.
This report segments the global smart home systems market by several criteria. On the basis of product type, the market is segmented into cellular, wireless and other. On the basis of end-user applications, the market is segmented into security, lighting, entertaining, HVAC and energy management, and smart kitchen. Finally, the report segments the smart home systems market by geographic region, focusing specifically on North America, Europe, China, Japan, Southeast Asia and India.