Pune, India -- (SBWire) -- 11/08/2018 --Smart home system is an intelligent web-connected electronic system which is designed to operate stand-alone or in a network with other devices. With recent developments across different areas of connectivity of appliances and devices, these systems enable users to monitor and control them even when they are on the move. This includes mobile connectivity features, an integral component of smart homes provided by device manufacturers; and compatible communication protocol and technology based products offered by Internet Service Providers. New technology is enabling the creation of smart homes, integrating devices to make the home a better place to be in terms of safety, comfort, productivity and well-being.
In 2017, the global Smart Home market size was 24700 million US$ and it is expected to reach 58200 million US$ by the end of 2025, with a CAGR of 11.3% during 2018-2025.
This report focuses on the global Smart Home status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Smart Home development in United States, Europe and China.
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The key players covered in this study
ADT
Honeywell
Vivint
Nortek
Crestron
Lutron
Leviton
Comcast
ABB
Acuity Brands
Alarm.com
Control4
Schneider Electric
Time Warner Cable
Siemens AG
Sony
Savant
Nest
AMX
Legrand
Market segment by Type, the product can be split into
Smart Home Water Sensor
Smart Home Water Controller
Market segment by Application, split into
Commercial
Residential
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
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The study objectives of this report are:
To analyze global Smart Home status, future forecast, growth opportunity, key market and key players.
To present the Smart Home development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Smart Home are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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Smart Home Market Expected to Reach 58200 Million US$ by the End of 2025, with a CAGR of 11.3%: Integrating Devices to Make the Home a Better Place
Global (United States, European Union and China) Smart Home Market Size, Status and Forecast 2018-2025