Global Smart Home Market to Witness Healthy Expansion during 2025 by satyam121 · November 13 Mikel San Jose Spain Jersey , 2018
Market Overview:
A smart home is a resident where smart devices such as appliances, lightings, computers, air conditioner, smart TV Mario Gaspar Spain Jersey , video system and camera are connected internally that are capable to communicate with one another and controlled remotely. This technology is also referred as home automation where the devices can be operated by computing devices (mobile phone, computer or tabs) for owners comfort and convenience. Smart home technology comprises of monitors and sensors; these are connected with internet of things (IoT), which enables devices to operate together sharing resident鈥檚 data among themselves to automate the actions.聽Global smart home Market聽is expected to grow in the forecasted period, in 2017 market size of the smart home was XX million and in 2025 is expected to reach at XX million with growing CAGR of XX%.
Market Dynamics:
Smart home implements advanced safety and security features such as gas leakage detectors and fire detection systems in the house also increasing awareness of energy efficiency due to rising energy cost and increasing disposal income as there is increase in the number of working individuals鈥?with good pay so residents are capable of adopting for a smart home solution, which is driving the smart home market. Also Marc Bartra Spain Jersey , advancements in technology such as IoT and cloud are also some important factors which results in the growth of the smart home market. However, high initial cost coupled lack of technical standardization of the devices can be the major restraints of smart home market. The rapid development in the field of internet of things (IoT) has reduced the price of processors and sensors which is encouraging manufacturers to develop smart devices.
Request For Report Sample:聽
Market Players:
Top players of the smart home market are Honeywell International Inc., Schneider Electric SE, ABB Ltd., Johnson Controls Inc. Lucas Vazquez Spain Jersey , Siemens AG, Samsung Electronics Co., United Technologies Corporation, Emerson Electric Company, Ltd. Koke Spain Jersey , LG Electronics Inc., and Crestron Electronics, Inc.
Market Segmentation:
The smart home market is segmented based on application and region. On the basis of application the smart home market is segmented into lighting control, HVAC control, security and access control Juanfran Spain Jersey , entertainment control. Rising demand for energy efficiency and need for energy efficient devices are the major factors for the growth of HVAC control system in the coming years. Followed by HVAC control system, lighting control system will dominate the smart home market as there is need to reduce the consumption of light and power, the lighting system can control the intensity of the light on the basis of available natural light, the lights can be turned off at late night to reduce the consumption of light. On the basis of region the market is segmented into North America, Latin America Juan Mata Spain Jersey , Europe, Asia Pacific and Middle East and Africa. North America is expected to dominate the market in the forthcoming year as there is rising demand for smart appliances and devices for home in this region. Followed by North America, Europe is expected to hold major share of the market. Asia Pacific market is also expected to grow in the forthcoming year as there are new residential projects and strengthening of building infrastructure at higher rate.
Market segmented on the basis of mode of application: – Lighting Control – HVAC Control – Security and Access Control – Entertainment Control.
Request For Report TOC :聽
Market segmented on the basis of region: – North America 鈥?US 鈥?Canada 鈥?Mexico – Europe 鈥?UK 鈥?Germany 鈥?France 鈥?Rest of Europe Asia-Pacific 鈥?China 鈥?Japan 鈥?India 鈥?Australia 鈥?Rest of Asia-Pacific – Latin America 鈥?Brazil 鈥?Rest of Latin America – Middle East and Africa (MEA) 鈥?South Africa 鈥?Saudi Arabia 鈥?Rest of MEA
Report Analysis:聽 IoT is one of the trending technologies, these days. Many companies and predictors are talking about it. Gartner also has made many predictions about the Internet of Things. One of them, which is really interesting is that in the year 2020 Jordi Alba Spain Jersey , the economic benefit and aggregated value of IoT will exceed the amount of 1.9 trillion dollars. Predictors have also said that the network of Internet of Things (IoT) is an ever growing network which will keep on growing. In fact, as per a shared statistic, each individual social media user will have almost 30 other connected device in this network of IoT devices.
The IoT devices and the concept of Internet of Things has benefited many people and almost all industry verticals. Some of the industries or use cases which can brief the benefits of the Internet of Things are described in this article.
OGame - Wombats
Thema drucken
27.12.2019 07:30
Antworten
