The global smart home automation market is expected to reach
USD 130.0 billion by 2025, according to a new report by Grand View Research,
Inc. The growing demand for the convenience of remote and real-time operation
of smart home automation system has increased the growth and penetration of the
smart home automation. Increasing urban and geriatric population have created
the need to incorporate smart home automation concept in order to address the
arising challenges. Further, increase in demand of smartphones and easy
accessibility of internet are expected to fuel growth in the demand for the in
the coming future. The growing adoption of the automation in security,
lighting, HVAC, energy management, and smart kitchen arenas is anticipated to
revolutionize the market by 2025.
The market has been segmented based on
varied technology of smart home automation, such as cellular, wireless, and
others. Based on applications, the market has been segmented into security,
lighting, entertainment, HVAC & energy management, and smart kitchen. The
entertainment sector is the biggest application sector in terms of size and is
expected to dominate for the forecast period owing to high demand of home
theaters, touchscreens, audio/video controls, and other entertainment controls.
The growing awareness and popularity
of smart home automation is encouraging manufacturers to invest in research
& development for creating better products. Manufacturers are making
significant investments to simultaneously develop several new products in an
effort to enhance the users experience. Researchers are focusing on innovating
reliable and cost-effective products.
Browse full research report on Smart Home Automation Market: https://www.grandviewresearch.com/industry-analysis/smart-home-automation-market
Further key findings from the report suggest:
- The growing demand for smart home automation can be accredited
to the increasing preference among consumers for convenience,
connectivity, safety, and security.
- The growing penetration of Internet of Things (IoT) and the
advancement of Internet accessibility which helps in the move to direct
digital controls for better machine to machine (M2M) communication have
encouraged users to adopt the smart home automation technology.
- With the arrival of various wireless technologies such as
ZigBee, Z-Wave, EnOcean, C-Bus, Wi-Fi, Bluetooth, KNX, and Thread,
installation of automated systems has been simplified. Wireless technology
is less invasive, have low set-up cost, and more convenient to use.
- The North American region dominated the market, accounting
for the largest global market share in 2016 owing to its large consumer
base.
- Key industry participants include ABB Ltd. (Switzerland),
Honeywell International Inc. (U.S.), Johnson Controls (U.S.), Schneider
Electric (France), and Siemens AG (Germany).
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/smart-home-automation-market/request/rs1
Grand View Research has segmented the smart home automation market
based on component, technology, application, and region:
Component Outlook (Revenue, USD Million; 2014 - 2025)
- Hardware
- Software
- Service
Technology Outlook (Revenue, USD Million; 2014 - 2025)
- Cellular
- Wireless
- Others
Application Outlook (Revenue, USD Million; 2014 - 2025)
- Security
- Lighting
- Entertainment
- HVAC
& Energy Management
- Smart
Kitchen
Regional Outlook (Revenue, USD Million; 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- Asia
Pacific
- China
- Japan
- India
- South
America
- Brazil
- The
Middle East & Africa (MEA)
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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