The home automation systems offer convenience and sophisticated measures to operate various electronic products within the household. This report describes the drivers, restraints, opportunities, and challenges pertaining to the home automation system market. It further analyzes the current market scenario and forecasts the market till 2022, including the market segmentation based on product, software and service, and geography.
Complete report on Home Automation System Market spread across 207 pages, Profiling 11 Companies and supported with 166 Tables and 67 Figures is now available at http://www.rnrmarketresearch.com/home-automation-controls-market-by-product-lighting-control-security-control-access-control-hvac-control-entertainment-control-outdoor-control-communication-protocols-standards-data-distri-market-report.html .
The global home automation system market is expected to grow from USD 32.11 Billion in 2015 to USD 78.27 Billion by 2022, at a CAGR of 12.46% between 2016 and 2022. The growth of the market is attributed to factors such as significant growth in IoT applications, reducing costs of home automation systems (owing to technological and other advancements), continuous strengthening of product portfolios for home automation devices by leading manufacturers, and increasing importance of remote monitoring of residential properties.
The major controls used to control and regulate the entertainment systems in home automation are audio, volume, and multimedia room controls. The growth of the audio, volume, & multimedia room control market is driven by the convenience offered by these controls for managing as well controlling the entertainment systems within a house. The advancements in wireless communication technologies are a major factor boosting the growth of the home theater system controls market, thereby driving the overall home automation system market for entertainment control.
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North America held the largest share of the home automation system market in 2015, followed by Europe and Asia-Pacific. The U.S. is expected to dominate the market in North America. The market for proactive solution under the software and service segment is expected to grow at the highest rate for home automation systems during the forecast period. The latest home automation systems are equipped with analytical software and solutions.
The prominent players profiled in this report are Honeywell International Inc. (U.S.), Legrand (France), Ingersoll-Rand plc. (Ireland), Johnson Controls Inc. (U.S.), Schneider Electric SE (France), Siemens AG (Germany), ABB Ltd. (Switzerland), Acuity Brands, Inc. (U.S.), United Technologies Corporation (U.S.), Samsung Electronics Co., Ltd. (South Korea), Nest Labs, Inc. (U.S.), and Crestron Electronics, Inc. (U.S.).
Target Audience of the Report:
Automation & control vendors
Automation & control networking technology vendors
Real estate builders
Designers/consultants (HVAC, security, and fire & safety)
Component manufacturers (sensors & controls)
Software and solution providers
Home management systems (product & service providers)
Associations & standards
Government bodies involved in green buildings
Click now for more information on this research of “Home Automation System Market by Product (Lighting Control (Switch, Occupancy Sensor), Security & Access Control, HVAC Control (Pump & Fan, Control Valve), Entertainment & Other Controls), Software & Service & Geography - Global Forecast to 2022” research @ http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=127985 .
In the process of determining and verifying the market size for several segments and subsegments gathered through the secondary research, extensive primary interviews were conducted with key people in the home automation system industry.
The break-up of primary participants for the report is shown below:
By Company Type: Tier 1– 45%, Tier 2 – 35%, and Tier 3 – 20%
By Designation: C-level Executives – 50%, Managers – 30%, and others – 20%
By Region:North America – 60%, Europe – 20%, Asia-Pacific – 15%, and RoW – 5%
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