The study covers the global home automation market revenue for a period ranging from 2015 to 2025, & also includes qualitative insights such as the value chain analysis, drivers, restraints, PESTLE analysis, regulatory framework, and Porter’s five forces analysis.
Dallas, United States - October 27, 2020 /MarketersMedia/ —
The global home automation market size is anticipated to reach USD 46.22 billion by 2025 owing to the growing popularity of Internet of Things (IoT) and rapid adoption of smartphones and other gadgets. Upcoming wireless technologies such as 5G, Bluetooth, ZigBee, Z-Wave and other proprietary protocols will have a significant impact on the overall growth of home automation market in coming years
Voice Enablement Emerging as a Significant Trend in Home Automation Market in APAC
Need for superlative workflow efficiency besides aligning with fast paced needs for judicious power consumption that has backed a steady growth spurt in home automation market through the forecast span, finds out Adroit Market Research in its recent report compilation. Besides customized access, decentralization workflow models to encourage time management and financial savings have been thoroughly accelerating growth and expansion in home automation market.
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Need for optimum power utilization and management during rush consumption hours, or peak hours, leading power supply companies are entering into M&A collaborations to management power consumption patterns. Cloud-based and in app performance for device control and management such as use of lights and other electronic devices are adequately managed by home automation features. Leading investments towards home and factory based automation are likely to proliferate rate of adoption and concomitant ROI in the coming years.
Moving forward, it is crucial to understand that home automation market is demonstrating good adoption spurt and unravelling new market opportunities across emerging economies in APAC. Device operations based on voice enablement is a crucial leap in home automation that allows users the freedom to substitute rudimentary functions with novel voice commands for speedy consumption.
Developing nations across APAC are poised to emerge as lucrative regional markets owing to government backing promotional programs as well as proliferated end-user segment owing to mindfulness and spending capabilities. Further, matured economies across North America are estimated to back a solid growth ground as consumption rates are soaring, supported by ample manufacturer activities from notable vendors positioned in the North American belt. Backed by stringent regulations in coining judicious utilization of home automation, lighting is expected to hold the lead.
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Market participants in home automation market are backing intensely IoT Ma cloud integration to improve energy sustainability.
The prominent players in the global home automation include: Siemens AG, Crestron Electronics Inc., Control4 Corporation, Zigbee alliance, ABB, Nest Labs, Google Inc., Apple Inc., AT & T, Vantage Controls (Legrand) and others.
Key Segments of the Global Home Automation Market
Type Overview, 2015-2025 (USD Million)
• Custom automation (luxury) systems
• Mainstream automation systems
• DIY (Do-It-Yourself) automation systems
• Managed home automation services
Application Overview, 2015-2025 (USD Million)
• Safety and security
• Energy management
Technology Overview, 2015-2025 (USD Million)
• Wired systems
• Power-line systems
• Computing networks
• Wireless systems
Regional Overview, 2015-2025 (USD Million)
• North America (U.S., Canada)
• Europe (Germany, United Kingdom, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Middle East & Africa (UAE, Saudi Arabia, Turkey, South Africa, Rest of MEA)
Some Major Points from Table of Content (TOC):
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. Global Home Automation Market Overview, By Type
Chapter 5. Global Home Automation Market Overview, By Application
Chapter 6. Global Home Automation Market Overview, By Region
Chapter 7. Company Profiles
What does the report include?
• The study on the global home automation market includes qualitative factors such as drivers, restraints, and opportunities
• Additionally, the market has been evaluated using the Porters 5 Forces and Value Chain Analysis.
• The study covers the qualitative and quantitative analysis of the market segmented on the basis of type, application, technology, and region. Moreover, the study provides similar information for the key geographies.
• Actual market sizes and forecasts have been provided for all the above-mentioned segments.
• The study includes the profiles of key players in the market with a significant global and/or regional presence.
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About Us :
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code – Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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Release ID: 88982766