Smart Homes Market - by Products (Security, Access, Lighting,
Entertainment, Energy Management Systems, HVAC, and Ballast &
Battery Pack), Services (Installation & Repair, Renovation &
Customization) and Geography - Analysis & Global Forecast (2013 -
Aarkstore Enterprise (India), 12th October, 2013 : Smart homes refers to a residence
equipped with computing and information technology devicesthat anticipate and respond to
the needs of the residents; thus, working towards enhancing their comfort, convenience,
security, and entertainment through the upgradation of technology within the home. The
concept of smart homes has been in picture since a long time; such homes have always
been a dream of homeowners and, presently, a lot of developments and regulatory
initiatives are taking place with regards to the same.
The growth of the market in the coming years is expected to be remarkable,with the
revenue growth estimated to reach $51.77 billion by 2020, at an estimated CAGR of
17.74% from 2013 to 2020. The major players in this industry are Siemens AG (Germany),
Schneider Electric S.A. (France), ABB Ltd. (Switzerland), Ingersoll-Rand PLC (Ireland), Tyco
International Ltd. (Switzerland), Emerson Electric Co. (U.S.), Legrand S.A. (France),
Crestron Electronics, Inc. (U.S.) , Lutron Electronics, Inc. (U.S.), Control4 Corporation (US),
The major drivers for the smart homes market include energy saving, increasing ageing
population, regulatory initiatives by governments, and more. The introduction of smart
meters to conserve energy is another growth opportunity for the smart homes market. Also,
the smart electronic devices such as washing machine, refrigerators, air-conditioner,
vacuum cleaner, smart TV, and the likes are going to drive the market. Moreover, major
restraints like lack of standardization and high initial costs and their impact analysis are also
covered under this report.
The report covers the market by products, services, and geography of the smart homes; it
provides detailed analysis of the current market scenario and the estimation till the year
2020. The security control and entertainment systems are driving the smart homes market.
The market is already progressing well in the developed countries,and is expected to grow
well even in the developing nations due to the regulatory initiatives from the governments
and the increased consumer interest in managing energy consumption.
This report describes the value chain for smart homes market by considering all the major
stakeholders in the market and their role analysis. The report also provides a detailed
scrutiny of the Porters five force analysis for themarket. All the five major factors in these
markets have been quantified using the internal key parameters governing each of them.
North America, currently, leads the market share as this region has the maximum adoption.
APAC is the emerging market for smart homes and has the highest growth rate amongst all
the geographic regions. It is estimated that the APAC market will increase at a CAGR of
19.81% from 2013 to 2020.
This report covers recent developments in the industry, such as;ABB Ltd.
(Switzerland)acquiredNewron System S.A. (France) in August 2013, and Legrand S.A.
(France) acquiring NuVo Technologies (U.S.) in November 2012.Several other recent
developments and updated information about acquisitions, mergers, and new product
launches and agreements conducted recently are also discussed in the report.
This report profiles companies that are the major players, and active in thismarket. The
report provides the competitive landscape of the players,whichcovers the key growth
strategies followed by all the major players.
Other Important Reports:
Smart Homes Market - by Products , Services (Installation & Repair, Renovation &
Customization) and Geography - Analysis & Global Forecast (2013 - 2020)
Fire Protection Systems Market: Fire Alarm, Sensor, RFID, Control Panel, Interface,
Modeling and Simulation Software
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