Pune, Maharashtra -- (SBWire) -- 08/20/2020 --The Home Automation Market report, at first, has given a brief understanding of the industry through basic overview. This overview includes the market definition, key applications of the product, and the recent manufacturing technology employed for such production. The global Home Automation market has been analyzed in detail to gain an understanding of the competitive landscape, key regional status, and recent trends noted in the relevant industry.
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Home automation defined as utilization of intelligent terminals, which control home appliances and equipments. Rise in awareness for efficient energy usage, increase in electricity prices, and technological advancements which are expected to grow the home automation market across the globe. Also, rise in safety & security concerns fueled adoption of home automation system thus driving the market growth.
Market Drivers
Increase in adoption of IoT (Internet of Things) technology by consumers is the key driving factor which is expected to boost the global home automation market growth. Also, rise in penetration of smartphones and smart gadgets will have the positive impact on market growth. Furthermore, many manufacturers expanding their product portfolios will fuel the market growth. Moreover, rise in importance of home monitoring from remote locations will drive the market growth in near future. In addition to that, rise in government initiatives and smart cities development which is expected to propel the market growth.
Market Restraints
However, risk of device malfunctioning is the restraining factor which is expected to hamper the global home automation market growth. Also, lack of awareness regarding automation products in developing countries as well as high initial investment will affect the market growth.
Market Key Players
Various key players are discussed in this report such as Crestron Electronics Inc, AMX LLC, Control4 Corporation, Honeywell International Inc., Johnson Controls Inc., Siemens AG, Zigbee alliance, Savant Systems LLC., Vantage Controls, and ABB.
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Market Taxonomy
By Types
- Luxury
- Managed
- Mainstream
- Do it yourself (DIY)
By Technology
- Wired
- Wireless
By Application
- Lighting
- Entertainment
- Safety & Security
- HVAC
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Major Points Covered in Table of Content
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Home Automation Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Home Automation Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Home Automation Market Share Analysis, By Type
5.3 Global Home Automation Market Size and Forecast, By Type
5.3.1 Luxury
5.3.2 Managed
5.3.3Mainstream
5.3.4Do it Yourself (DIY)
6 Global Home Automation Market, By Technology
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Global Home Automation Market Share Analysis, By Technology
6.3 Global Home Automation Market Size and Forecast, By Technology
6.3.1 Wired
6.3.2 Wireless
7 Global Home Automation Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Home Automation Market Share Analysis, By Application
7.3 Global Home Automation Market Size and Forecast, By Application
7.3.1 Lighting
7.3.2 Entertainment
7.3.3 Safety & Security
7.3.4 HAVAC
7.3.5 Others
8 Global Home Automation Market, By Region
Continue…
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