DUBLIN, Mar. 09, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/rldr9s/smart_homes) has announced the addition of the "Smart Homes Market by Product, Protocol and Technology, Service and Geography - Trends and Forecasts to 2020" report to their offering.
The smart homes market is expected to grow to $58.68 billion by 2020, at an estimated CAGR of 17% from 2015 to 2020
There has been a significant growth in the global market due to the demand for energy efficient solutions and enhanced home security. Today, fundamental trends have emerged to drive the acceptance of smart homes, the aging population is increasing the demand for new services in homes; the increased penetration of portable devices has led to a dramatic increase in digital access technologies, which is also a major enabler for smart home applications; and there is a strong push by a wide range of leading players, such as telecom and utility service providers, and appliance manufacturers providing smart home devices.
Most smart homes market players aim to increase controllability and security, along with providing time-saving and energy-saving alternatives. North America is the current leader in the global market, followed closely by Europe and Asia-Pacific. The report covers the global smart homes market segmented on the basis of products, services, and geography. The products segment comprises security & access controls, HVAC Control, energy management systems, entertainment systems, and more. The services segment consists of installation & customization. The geographic analysis covers Americas, Europe, APAC, and Rest of the World (RoW).
This report describes industry trends, drivers, restraints, and opportunities of the smart homes market and forecasts the market till 2020, based on smart homes product, service, technology and geography. Different smart homes products include energy management, security & access control, entertainment & HVAC control products. Amongst these, energy management and security & access control are the most demanding smart home solutions. Both accounted for 65% of the total smart homes product market in 2014. North America led the global smart homes market in 2014 with the share of 37% of the global market.
The report covers the overall as well as product-wise market dynamics of the entire market, which includes drivers, restraints, and opportunities along with their impact in the current as well as future scenario.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Smart Homes Market, By Product
8 Smart Homes Market, By Protocols and Technology
9 Smart Homes Market, By Service
10 Geographic Analysis
11 Smart Competitive Landscape
12 Company Profiles
- ABB Ltd.
- Control4 Corporation
- Crestron Electronics Inc.
- Emerson Electric Co.
- Honeywell International, Inc.
- Ingersoll-Rand PLC
- Legrand S.A.
- Lutron Electronics Co., Inc.
- Schneider Electric SA
- Siemens AG.
For more information visit http://www.researchandmarkets.com/research/rldr9s/smart_homes
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SOURCE Research and Markets