Home Automation Global Market to Prosper Owing to Technological Evolution – Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Home automation involves provision of advanced digital technology and high end solutions for automated products. The technology manages to deliver better efficiency and performance in every household activity via the strong centralized control of the system. The home automation system market environment mainly comprises of- interface manufacturers, system integrators, and distributors. The evolution of smart home automation recently has offered numerous advantages, like system scalability and easy extension, aesthetical benefits, integration of mobile devices, maximizing home security, remote control of home functions, increased energy efficiency, improved appliance functionality, and home management insights. The industry research report titled, “Home Automation Market Analysis By Component (Hardware, Software, Service), By Application (Lighting, Security and Access Control, HVAC and Entertainment Control), By Technology, By Region And Segment Forecast Till 2025” provides an extensive insight and analysis of the Home Automation Market over the next seven years and acts as a significant point of reference for operators or suppliers. The home automation market is mainly split by (a) technology basis; wherein showcasing of revenue, market share and growth rate of each type is provided largely divided into Wired and Wireless and (b) by component basis; wherein the revenue, market share and growth rate of each type, are primarily segregated into Hardware, Software and Services and (c) by applications basis; wherein focuses on the status and perception for major applications, market share and growth rate for each application are present including Lighting, HVAC, Entertainment Control and Security & Access Control. This global market involves the markets in regions namely: North America, Europe, Asia Pacific, the Middle East, Africa and Latin America, with revenue, market share and growth rate wherein the leading market players include ABB Ltd., Electronic Control Corporation, Crestron Electronics Inc., Honeywell International Inc., Ingersoll-Rand PLC., Johnson Controls, Legrand SA., Schneider Electric SE., Siemens AG., Leviton Manufacturing Company Inc., and Lutron Electronics Co. Inc. The global home automation system market had registered a valuation of around USD 39.93 Billion in 2016 which has been foreseen to further grow at a decent CAGR of 11.3% in the coming years. The augmenting adoption across residential applications is expected to be the major demand driver for the industry. Also, factors involving significant IoT market growth, cost reduction in home automation systems, and convenience of remote operations will help in bolstering expansion of the home automation system market. The hardware segment is projected to account for a majority share and supersede the component market by 2025. Even, the service segment is expected to witness a significant growth due to developing adoption of the smart technology. Fast growing advances in home automation systems as well as using of technologies (to add value to the provision of urban services) have been witnessed as requiring authorization for sustainable development of new methods which may involve integration of hardware, software, and service ultimately leading to amelioration of the overall competitiveness of the industry. Even, upsurge in the adoption of such devices or systems in applications like lighting, HVAC & energy management, security, entertainment, and smart kitchen is undoubtedly projected to help the industry develop. This augmentation mainly owes to the ever increasing preferences of consumers for connectivity, convenience, safety, and security. Moreover, there has been presence of a large number of manufacturers in the industry which are extending their product portfolios, and the evolving importance of home monitoring from remote locations is also forecasted to drive the market globally. Geographically, North America is anticipated to be the major regional segment in the years to proceed, owing to well-established manufacturers and a large consumer base. The region has accounted for the largest revenue share and is further expected to grow at a CAGR of more than 8% from 2018 to 2025. The North American, European, and Asia Pacific regions are projected to maintain their positions and be the key revenue generating segments of this industry. The Asia Pacific region is currently experiencing a healthy growth in disposable income due to macroeconomic stimulus, which is further expected to drive market growth in future. Also, the market in Europe is anticipated to be promising enough for the global growth because of the increasing investments in infrastructure to improve the standards of living. The main reason that will boost the industry such that it relishes success in future is- the burgeoning consumer awareness for energy efficient products, urbanization, and relatively changing lifestyles with enhanced convenience, safety and security which will altogether have an affirmative impact on the industry. Furthermore, the amplifying demand for features like the convenience of remote operation and exceptional experience offered by smart home automation is highly likely to propel the global market growth in the coming years. Innovative technologies, such as voice controlled smart home devices and growing geriatric population base will be the key factors that lead to great revenue generation by the global industry cumulatively as the years roll by. Also, with the passage of time; growing penetration of Internet of Things which helps in the move to direct digital controls for better machine to machine communication is expected to spur the market growth by encouraging more and more users to adopt for smart home automation technology. Key topics covered in the report: Global Home Automation Market Research Report Global Smart Home Automation Industry Future Outlook Home Automation System Global Market Trends Global Home Automation Market Innovation Trends Home Automation Global Market revenue Asia Pacific Home Automation Market Europe Home Automation Market North America Home Automation Market China Home Automation Market Future Outlook Japan Home Automation Market Future Outlook US Home Automation Market Future Outlook Global Home Automation Smart Technologies Market Insights Global Home Automation Services Future Projections Global Building Automation and Control Systems Industry Demand Smart Offices in Global Home Automation Industry Global Home Automation Major Market Service Providers Home Automation Global Industry Upcoming Advancements To know more about the research report: https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/home-automation-market-analysis-by-component-hardware-software-service-/144751-97.html Related Reports: https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/generator-manufacturing-global-market-report/143661-97.html https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/industrial-mold-manufacturing-global-market-report/143670-97.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com 0124-4230204 Post Views: 3 Tags: Asia Pacific Home Automation Market, China Home Automation Market Future Outlook, Europe Home Automation Market, Global Building Automation and Control Systems Industry Demand, Global Home Automation Major Market Service Providers, Global Home Automation Market Innovation Trends, Global Home Automation Market Research Report, Global Home Automation Services Future Projections, Global Home Automation Smart Technologies Market Insights, Global Smart Home Automation Industry Future Outlook, Home Automation Global Industry Upcoming Advancements, Home Automation Global Market revenue, Home Automation System Global Market Trends, Japan Home Automation Market Future Outlook, North America Home Automation Market, Smart Offices in Global Home Automation Industry, US Home Automation Market Future Outlook