Home Automation Market May Set New Growth Story | Honda, Samsung Electronics, ABB
Research Reports
Aug 24, 2021
Latest business intelligence report released on Global Home Automation Market, covers different industry elements and growth inclinations that helps in predicting market forecast. The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, % share of key and emerging segment, major development, and technological advancements. Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand Home Automation market outlook.
List of Key Players Profiled in the study includes market overview, business strategies, financials, Development activities, Market Share and SWOT analysis:
Abilia AB (Swedan), Savant (United States), Emerson Climate Technologies, Inc. (United States), Control4 (United States), HomeSeer Technologies, LLC (United States), Honda (Japan), TP-Link (China), Siemens AG (Germany), Crestron Electronics Inc. (United States), Nest Labs (United States), ABB Ltd. (Switzerland), United Technologies Corporation (United States), Samsung Electronics Co., Ltd. (South Korea)
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Brief Overview on Home Automation:
In the world of trending electronics appliances, consumers are rapidly shifting towards buying automated homes or home automation. The home automation system is a technical solution which has let to operate all the electronic and technology-based tasks within a home. It majorly merges hardware and software technologies to control devices and appliances within a smart home. These homes help in managing a luxury lifestyle with all automated services to ensure the comfort and safety of a home. Moreover with the advent use of IoT coupled with the proliferation of smartphones and gadgets in this market is driving the growth of the home automation market at a rate of double-digit.
Key Market Trends:
High Adoption Rate of Advanced Technologies Related to Home Automation
Increasing Adoption of Wireless Technology
Opportunities:
Increase in Government Initiatives towards Home Automation System Ensure Efficient Use of Electricity
Growing Smart Infrastructure and Building across the World
Market Growth Drivers:
Increasing Consumer Preferences towards Home Automation System and Services
Rapid Shift towards Living a Luxury Life in Developed Countries
Growing Urbanization, and Increase in Inclination toward Automation
Challenges:
High Data Prices of Used for Home Automation
Issue Related to the Malfunctioning of these Electronic Devices Which are Used in Home Automation
Segmentation of the Global Home Automation Market:
by Type (Luxury Home Automation Systems, Mainstream Home Automation Systems, DIY Home Automation Systems), Application (Heating, ventilation and air conditioning (HVAC), Lighting control system, Appliance control and integration, Leak detection, smoke and CO detector, Indoor positioning systems, Security, Home automation for the elderly and disabled, Other), End-User (Apartment, Villa), Networking technology (Wired home automation systems, Power-line home automation systems, Computing network home automation systems, Wireless home automation systems, Others), Control System (Lighting control, Security and access control, HVAC control, Fire and safety control, Services)
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Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
Furthermore, the years considered for the study are as follows:
Historical data – 2016-2020
The base year for estimation – 2020
Recent Estimated Year – 2021
Forecast period** – 2021 to 2026 [** unless otherwise stated]
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Summarized Extracts from TOC of Global Home Automation Market Study
Chapter 1: Exclusive Summary of the Home Automation market
Chapter 2: Objective of Study and Research Scope the Home Automation market
Chapter 3: Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis
Chapter 4: Market Segmentation by Type, End User and Region/Country 2016-2026
Chapter 5: Decision Framework
Chapter 6: Market Dynamics- Drivers, Trends and Challenges
Chapter 7: Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 8: Appendix, Methodology and Data Source
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