Monday 31 August 2015

Global Home Automation Market to Grow at CAGR of 26.3%: Transparency Market Research


Transparency Market Research announces the release of a report titled “Home Automation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”. The global home automation market was valued at US$4.41 billion in 2014, and is expected to grow at a CAGR of 26.3% from 2014 to 2020.




The global home automation market has been growing on the backdrop of advancements in technology and evolving economies. The primary growth driver for this market is the comfort and convenience it provides to its users. Additionally, growing awareness of energy consumption and energy management is also making users choose home automation solutions.



Other factors adding to the growth of the global home automation market are ubiquitous internet connectivity in regions such as the EU. One of the segments expected to contribute massively to the growth of this market is safety and security application segments.



The global home automation market is segmented on the basis of application, networking technology, type, and geography. The application segment is inclusive of sub-segments such as safety and security, lighting, HVAC, entertainment, robotics, and healthcare, among others. On the basis of networking technology the market is fragmented into wired home automation systems, power-line home automation systems, computing network home automation systems, and wireless home automation systems. Types segment is inclusive of luxury, DIY, mainstream, and managed home automation systems. Geographically, the regions included in this report are North America, Europe, Asia Pacific, and Rest of the World.



Key players in the global home automation market are Crestron Electronics, Inc., AMX LLC, Control4 Corporation, 2GIG Technologies, ADT Corporation, Siemens AG, Johnson Controls, iControl Networks Inc., Honeywell International Inc., Vantage Controls, and Schneider Electric SA.

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Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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Mr. Atil Chaudhari, +1-518-618-1030
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