Transparency
Market Research has published a new research report on the global
home automation market. The research report states that the global
home automation market stood at US$4.41 bn in 2013 and will rise to
US$21.6 bn by 2020, growing at a CAGR of 26.3% in the forecast
period.The report, titled “Home Automation Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”,
offers a comprehensive overview of the global home automation market,
its key market drivers, restraints, opportunities, and threats.
Advancements
in technology are inspiring architects across the globe to build
automated homes. As these modern homes evolve, they are unstoppably
driving the global home automation market. Modern homes are using
high-tech solutions for installing automated solutions that will help
then run several programs in the homes with a single application.
Most of these applications are powered by electricity and are
controlled manually. For example, dimming lights, controlling the AC
or HVAC system, locking and unlocking doors, and operating other such
household functions from a central hub device is possible with home
automation solutions.
Browse
the full Home Automation Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2014 - 2020, report at
http://www.transparencymarketresearch.com/home-automation-market.html
The
key driver for the global home automation market is the pressing need
for high-performing solutions for domestic applications utilized in
areas of safety, lighting, energy, entertainment, and HVAC. This
market is also being supported by the growing Internet penetration in
countries such as France, the U.K., and Germany. The safety and
security segment has been earning the highest revenue so far in the
global home automation market.In the coming few years, the
energy-conscious population, who need better energy management
solutions, will opt for automated applications. Additionally,
increasing usage of smartphones, tablets, and other handheld devices
is also adding to the convenience of establishing home automation in
newer constructions. The market research report states that North
America leads the global home automation market and is likely to
remain in this position through 2020. Adoption of new technologies
and consumer awareness will be the two most important factors driving
the home automation market in North America. This segment will be
followed by Asia Pacific and Europe as they will together account for
40% of the total home automation market.
The
report gives a perfect analysis of the competitive landscape in the
global automation market by putting forth the company profiles. It
also provides an overview of the financial strategies, research and
development activities, investment plans, and product portfolios of
these companies. Some of the key players studied in the global home
automation market research report are Honeywell International Inc.,
2GIG Technologies, iControl Networks Inc., Crestron Electronics,
Inc., ADT Corporation, AMX LLC, Control4 Corporation, Siemens AG,
Johnson Controls, Vantage Controls, and Schneider Electric SA. With
accurate segmentation of the global home automation market, the
market research report gives its readers a bird’s eye view of the
dynamic trends in the market that are about to have an impact on its
shape.
The
global home automation market is segmented on the basis of following
categories:
Home
Automation Market: By application
Lighting
Safety
and security
HVAC
(Heating, Ventilation, and Air-Conditioning)
Entertainment
(Home audio and video)
Others(Robotics,
heath care)
Home
Automation Market: By networking technology
Wired
home automation systems
Power-line
home automation systems
Computing
network home automation systems
Wireless
home automation systems
Home
Automation Market: By type
Luxury
(custom) home automation systems
Mainstream
home automation systems
DIY
(Do It Yourself) home automation systems
Managed
home automation services
Home
Automation Market: By geography
North
America
Europe
Asia
Pacific
Rest
of the World
Request
a Sample of this Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=785
About
Us
Transparency
Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company’s
exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of analysts, researchers, and consultants
use proprietary data sources and various tools and techniques to
gather and analyze information.
TMR’s
data repository is continuously updated and revised by a team of
research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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