Home Automation - Global Market Opportunities & Forecasts 2014-2018 to 2023 - ResearchAndMarkets.com
Sep. 07, 2018
DUBLIN--(BUSINESS WIRE)--Sep 7, 2018--The "World Home Automation Market - Opportunities and Forecasts, 2014 - 2023" report has been added to ResearchAndMarkets.com's offering.
The global home automation market was valued at $39,607 million in 2016, and is projected to reach at $81,645 million by 2023, growing at a CAGR of 11.2 % from 2017 to 2023. North America is expected to be the leading contributor to the home automation market, followed by Europe and Asia-pacific.
Increase in awareness for efficient energy usage, rise in electricity prices, and technological advancements are expected to drive the market growth. Moreover, rise in safety & security concerns has fueled the adoption of home automation systems, thus boosting the market growth.
However, lack of awareness about home automation products and high initial investments in home automation are expected to hamper the market growth. Increase in adoption of automated services is expected to provide lucrative opportunities for the global home automation market.
In 2016, the safety & and security segment accounted for the maximum revenue share in the overall home automation industry, as these systems allow users to monitor their homes from remote locations. Moreover, the entertainment segment in the home automation market is expected to grow at a CAGR of 11.5% during the forecast period.
The luxury segment accounted for the maximum share in the global home automation market in 2016. The mainstream segment is expected to grow at a highest CAGR of 13.4% during the forecast period.
The wireless technology segment accounted for the maximum revenue share in the overall home automation industry as the installation of wireless automation networks facilitates significant reductions in energy management.
Key Topics Covered
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Home Automation Market, by Application
Chapter 5 Home Automation Market, by Technology
Chapter 6 Home Automation Market, by Type
Chapter 7 Home Automation Market, by Region
Chapter 8 Company ProfilesCrestron Electronics Inc. AMX LLC (Harman) Control4 Corporation Honeywell International Inc. Johnson Controls Inc. Siemens AG Zigbee Alliance Vantage Controls (LeGrand) Savant Systems LLC ABB
For more information about this report visit https://www.researchandmarkets.com/research/zplh5q/home_automation?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180907005365/en/
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Related Topics:Home Networks,Internet of Things and M2M
INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY
SOURCE: Research and Markets
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PUB: 09/07/2018 12:12 PM/DISC: 09/07/2018 12:12 PM