The ‘Smart Home Automation market’ study collated by researchers at Market Study Report, LLC, is a detailed sketch of the business sphere in terms of current and future trends driving the profit matrix. The report also indicates a pointwise outline of market share, market size, industry partakers, and regional landscape along with statistics, diagrams, & charts elucidating various noteworthy parameters of the industry landscape.
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The worldwide Smart Home Automation Market is anticipated to reach around USD 203.3 billion by 2026 according to a new research. In 2017, the entertainment segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global Smart Home Automation market.
The rising concerns regarding energy efficiency has increased the adoption of smart home automation. Smart home automation systems maintain the controls of home equipment to maximize energy efficiency. For instance, the thermostat uses a temperature threshold to govern the home’s heating and cooling system. They can also be programmed with different target temperatures to keep energy usage at a minimum.
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In 2017, North America accounted for the highest share in the global smart home automation market. The primary factors driving the smart home automation market growth in the region include established telecommunication industry and cloud infrastructure, rising penetration of mobile devices, technological advancements, and high investment in R&D. The introduction of favorable government regulations regarding energy usage and emissions, and rising awareness regarding use of energy efficient equipment boost the smart home automation market in North America. The increasing concerns regarding safety and access control, increasing development of smart cities, and growing adoption of connected devices and IoT further increase the demand of Smart Home Automation in the region.
The growing demand for remote monitoring of homes, along with increasing costs associated with energy use increases the demand for smart home automation. The increasing use of mart home automation in the development of smart cities, along with government regulations regarding energy use and emissions support the smart home automation market growth. The rising adoption of Internet of Things, and smart devices boosts the adoption of smart home automation. Other factors driving the market growth include growing penetration of mobile devices, technological advancements, and development of smart cities. New emerging markets, emerging consumer demographics, and increasing awareness among consumers regarding efficient energy use would provide growth opportunities for smart home automation market in the coming years.
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The companies operating in the smart home automation markett include Johnson Controls, ABB Ltd., Ingersoll-Rand plc, Schneider Electric, Legrand SA, Crestron Electronics, Inc., Siemens AG, Honeywell International, Inc., Control4 Corporation, and Leviton Manufacturing Company, Inc. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
Smart Home Automation Market share by Major regions included:
Middle East & Africa
Table of Contents
1.Overview and Scope
1.1.Research goal & scope
1.3.1.Primary data sources
1.3.2.Secondary data sources
3.Smart Home Automation Market Insights
3.1.Smart Home Automation – Industry snapshot
3.2.Smart Home Automation – Ecosystem analysis
3.3.Smart Home Automation Market Dynamics
3.3.1.Smart Home Automation – Market Forces
184.108.40.206.Smart Home Automation Market Driver Analysis
220.127.116.11.Smart Home Automation Market Restraint/Challenges analysis
18.104.22.168.Smart Home Automation Market Opportunity Analysis
3.4.Industry analysis – Porter’s five force
3.4.1.Bargaining power of supplier
3.4.2.Bargaining power of buyer
3.4.3.Threat of substitute
3.4.4.Threat of new entrant
3.4.5.Degree of competition
3.5.Smart Home Automation Market PEST Analysis, 2016
3.6.Smart Home Automation Market Value Chain Analysis
3.7.Smart Home Automation Industry Trends
3.8.Competitive Ranking Analysis
4.Smart Home Automation Market Size and Forecast by Component, 2018-2026
5.Smart Home Automation Market Size and Forecast by Technology, 2018-2026
6.Smart Home Automation Market Size and Forecast by Channel, 2018-2026
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