1. Market Research
  2. > Wireless Technology
  3. > Internet Of Things Market Trends
  4. > Smart Homes Market Analysis By Application (Security, Lighting, Entertainment, Energy Management, HVAC) And Segment Forecasts To 2020

Smart Homes Market Analysis By Application (Security, Lighting, Entertainment, Energy Management, HVAC) And Segment Forecasts To 2020

  • May 2016
  • -
  • Grand View Research
  • -
  • 82 pages

Summary

Table of Contents

The global smart homes market is expected to reach USD 47.61 billion by 2020. Emphasis on reduced carbon emission and energy conservation are expected to be the key driving forces for the market over the forecast period. Favorable regulatory initiatives for implementing smart homes owing to their energy efficiency characteristics are further expected to positively impact the global market over the next six years.

Increased aging population, which comprises a majority of end-users of this technology, is also expected to boost market growth. Introduction of smart grids, increased personal income in developing economies, assistance of power line communication, and growth of consumer electronics industry are factors expected to favorably impact market growth. Need for standardization, skilled labor and high initial cost due to the incorporation of advanced technologies such as IP and Bluetooth may pose a challenge to industry growth.

Further Key findings from the study suggest:

Security applications dominated the global market and accounted for over 20% of the overall market share in 2013. This is primarily owing to techniques such as security cameras, window sensor alarms and burglar alarms which notify users of a possible security breach. Energy management segment is expected to witness the fastest growth on account of growing awareness regarding energy efficiency coupled with the support of regulatory bodies for development of a smart grid and installation of smart electricity, water, and gas meters.

North America is expected to remain the market leader over the forecast period, and accounted for 41.3% of the global market revenue in 2013. The market in Europe is expected to grow at a CAGR of 21.3% from 2014 to 2020, owing to growing adoption of smart home systems.

Key industry participants include ABB Ltd., Siemens AG, Crestron Electronics, Inc., Honeywell, Emerson Electric Co., Schneider Electric S.A., Legrand S.A., Lutron Electronics, Inc., Ingersoll-Rand PLC, Tyco International Ltd., AMX and Control4 Corporation.

For the purpose of this study, Grand View Research has segmented the global smart homes market on the basis of application and region:

- Smart Homes Application Outlook (Revenue, 2012 – 2020)
- Security
- Lighting
- Entertainment
- Energy Management
- HVAC
- Others
- Smart Homes Regional Outlook (Revenue, 2012 – 2020)
- North America
- Europe
- Asia Pacific
- RoW

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
Get This Report
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Smart Home as a Service Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Smart Home as a Service Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • $ 5795
  • Industry report
  • March 2017
  • by Transparency Market Research

Smart Home as a Service Market (Service - Managed and Integrated; Solution - Security and Access, Lighting and Window, Audio-Visual and Entertainment, Energy Management and Climate, and Integrated) - Global ...

Opportunity in Ambient Assisted Living and Smart Home in global market - 2017

Opportunity in Ambient Assisted Living and Smart Home in global market - 2017

  • $ 4500
  • Industry report
  • March 2017
  • by Feedback Business Consulting

This report provides insight into the current market scenario, structure and practices. In depth market scenario includes: - Current market size estimate - Revenues by players - Top 5 Companies - Market ...

Global Smart Homes Market - By Technology, Products, Geography, Trends, Forecast - (2017 - 2022)

Global Smart Homes Market - By Technology, Products, Geography, Trends, Forecast - (2017 - 2022)

  • $ 4250
  • Industry report
  • January 2017
  • by Mordor Intelligence LLP

The Global Smart Homes market is valued at USD 25.54 billion in 2016 and is expected to reach a value of USD 95.57 billion by the end of 2022, growing at a projected CAGR of 24.6% during the forecast period ...


ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.