New York, NY, May 22, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Smart Home Market (Smart Kitchen, Security & Access Control, Lighting Control, Home Healthcare, HVAC Control, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016-2022’’. According to the analysts at Zion Market Research, the global smart home market was capitalized at almost USD 24.10 Billion in 2016 and is likely to cross almost USD 53.45 Billion by end of 2022, developing at a CAGR of slightly more than 14.5% from 2017 to 2022.
Smart home refers to a residential extension of building automation and involves automation of lighting, ventilation, heating, air conditioning, and security as well as home appliances such as washer and dryers, ovens or refrigerators that use WiFi for remote monitoring. At present many new homes are being built with the additional wiring and controls which are required to run advanced home automation systems.
Browse through 13 Tables & 22 Figures spread over 110 Pages and in-depth TOC on “Global Smart Home Market Size 2016: Industry Analysis & Trends Up to 2022”.
Download Free Report PDF Brochure: https://www.zionmarketresearch.com/requestbrochure/smart-home-market
Rising need for consumer convenience, safety, and security, energy consumption is the major driver of the smart home market. The real estate industry is expected to spur the demand for the smart home market. However, in a few regions, home automation products have reached a saturation level which is the major restraints for the smart home market. Another factor which is hindering the smart home market growth is its high installation cost and lack of standardization. Furthermore, low awareness about home automation is hampering the growth of the smart home market. Nonetheless, high-end devices coupled with technologically advanced features will escalate the smart home market demand over the forecast period. cloud-based solutions also provide new opportunities to impel the demand for the smart home market over the forecast period.
The smart home market is segmented into product, software, and region. By product the smart home market is segmented smart kitchen, security access control, lighting control, home healthcare, HVAC control, and others. among this product, light control is dominating the smart home market owing to reduced electricity consumption in homes. The software is used in the smart home are proactive and behavior.
Request For Free Report Sample: https://www.zionmarketresearch.com/sample/smart-home-market
At present, North America is dominating the smart home market. Europe is witnessing significant growth due to increased demand for home appliances such as fitness band, wireless devices, and others. The major players in the smart home market in Europe are Siemens AG, ABB Ltd., Schneider Electric S.A., Ingersoll-Rand Plc, Tyco International Ltd., Legrand S.A. Asia Pacific is expected to show the highest growth over the forecast period due to reducing constraints of the high installation cost of smart home appliances by continuous investment in R&D activities. Asia-Pacific region is witnessing significant growth due to a number of new residential projects and efforts for strengthening building infrastructure at a significant rate. Latin America is also expected significant growth due to economically developing countries.
The smart home market is classified on the basis of product and software. The products involved in smart homes are the smart kitchen, home healthcare, lighting control, HVAC control, security, and access control. From these segments, lighting control is expected to grow at the highest CAGR as it reduces electricity consumption. On the basis of software, the smart home market is segmented into behavior and proactive software.
This review is based on a report by Zion Market Research, titled “Smart Home Market (Smart Kitchen, Security & Access Control, Lighting Control, Home Healthcare, HVAC Control and Others): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2016 - 2022”- Report at http://www.zionmarketresearch.com/report/smart-home-market
Some of the renowned participants in smart home space Ingersoll-Rand plc., Legrand, Siemens AG, Johnson Controls Inc., Schneider Electric SE, ABB Ltd., Acuity Brands, Inc., Samsung Electronics Co., United Technologies Corporation, Ltd., Nest Labs, Inc., Honeywell International Inc., and Crestron Electronics. Inc among others.
Request for Discount on This Report: https://www.zionmarketresearch.com/requestdiscount/smart-home-market
The global smart home market is segmented as follows:
By Product
- Smart Kitchen
- Security & Access Control
- Lighting Control
- Home Healthcare
- HVAC Control
- Others
By Software
- Behavior
- Proactive
By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
Related Reports:
- Parking Reservation System Market: https://www.zionmarketresearch.com/report/parking-reservation-system-market
- Automated Guided Vehicle (AGV) Fleet Management Platform Market: https://www.zionmarketresearch.com/report/automated-guided-vehicle-fleet-management-platform-market
- Award Management Software Market: https://www.zionmarketresearch.com/report/award-management-software-market
- Healthcare Augmented & Virtual Reality Market: https://www.zionmarketresearch.com/report/healthcare-augmented-virtual-reality-market
- Content Management Software Market: https://www.zionmarketresearch.com/report/content-management-software-market
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Follow Us LinkedIn: https://www.linkedin.com/company/zion-market-research
Follow Us Twitter: https://twitter.com/zion_research
Blog: http://zmrindustryjournal.us | http://zmrresearchnews.us | http://zmrmarketjournal.com | http://zmrindustrynews.us | http://zmrnewsmagazine.com | https://zmrnewsblog.com | http://zmrmarketresearch.com | http://zmrindustryanalysis.com
Contact Us:
Joel John
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com
Blog: http://zmrblog.com