Smart Homes Market Worth $51.77 Billion by 2020
DALLAS, October 15, 2013 /PRNewswire via COMTEX/ --
According to a new market research report "Smart Homes Market - by Products (Security, Access, Lighting, Entertainment, Energy Management Systems, HVAC, and Ballast & Battery Pack), Services (Installation & Repair, Renovation & Customization) and Geography - Analysis & Forecast (2013 - 2020)'', published by MarketsandMarkets, the total market for the Global Smart Homes Market will be worth $51.77 billion by 2020 at an estimated CAGR of 17.74%.
Browse 112 market data tables and 83 figures spread through 448 pages and in-depth TOC on "Smart Homes Market".
Early buyers will receive 10% customization on this report.
Smart homes systems are commonly used to define a residence that integrates various home automation systems, which allows these systems to communicate with one another through a home controller. The smart homes system encompasses communications, entertainment, security, convenience, and information systems.
The global Smart Homes Market covers the entire industry on the basis of products, services, and geography. The products section covers security & access control, entertainment systems, lighting control, HVAC control, and home health systems; along with their current and future estimations. Of all the major products, security systems are expected to have the highest adoption rates in the mass markets. The services section covers installation & maintenance, and renovation & customization. The geographical analysis covers Americas, Europe, APAC, and ROW.
The major drivers for the global Smart Homes Market are energy & cost saving, reduced carbon emissions, ageing population, security and convenience, government initiatives, and many more. There are restaurants in the market such as lack of standardization, high initial costs, and economic slowdown in the European region which are inhibiting the market growth. Assistance of power line communication (PLC) and smart-grids are the key opportunities for the global Smart Homes Market.
The major companies involved in the global smart homes industry are Siemens AG (Germany), Schneider Electric S.A. (France), ABB Ltd. (Switzerland), Ingersoll-Rand PLC (Ireland), Tyco International Ltd. (Switzerland), Emerson Electric Co. (U.S.), Legrand S.A. (France), Crestron Electronics, Inc. (U.S.) , Lutron Electronics, Inc. (U.S.), Control4 Corporation (US), and more.. The U.S. will remain the leading market for the Americas smart homes throughout the forecasted period due to its High adoption rate and continuous development.
Browse Related Reports
Smart Lighting Market (2013 - 2018): By Component (Sensors, Controllers, Chipsets, Others); Lighting Type (LED, FL, CFL, HID); Connectivity (Wired, Wireless); Application (Commercial, Industrial, Public, Government, Residential) & Geography
Global Home Automation and Control Systems Market by Products and Technologies (2011-2016)
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, healthcare IT, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors/semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
[ Back To Technology News's Homepage ]