DUBLIN--(BUSINESS WIRE)--The "Global Home Automation Market - By Product, Technology, Region - Market Size, Demand Forecasts, Industry Trends and Updates (2016-2022)" report has been added to Research and Markets' offering.
Global Home Automation Market is estimated to grow at a CAGR of 12.4% reaching $72.78 billion by 2022 from the market value of $36.09 billion in 2016.
North America dominates Global home automation market. It captures approximately 40% of the total market share closely followed by Europe. Asia-Pacific is expected to grow at the highest CAGR due to increasing building infrastructure at a significant rate and growing number of residential projects.
Increasing usage of smart phones, tablets, and other handheld devices, increasing penetration of Internet, growing awareness of energy consumption and energy management, building infrastructure, growing number of residential projects and growing need for remote home monitoring solutions are some of the drivers of Home automation market. Unpredictable development costs, Privacy and security concerns, associated with automation using Internet and other devices, are constraints in this industry.
Major companies in this industry include Honeywell International Inc., Legrand, Ingersoll-Rand plc., Johnson Controls Inc., ABB Ltd., Samsung Electronics Co., Ltd., Siemens AG and Schneider Electric SA. Artificial Intelligence based automation is going to be a disruptor in increasing productivity and convenience.
Key Topics Covered:
1. Research Methodology
2. Executive Summary
3. Market Overview
5. Market Dynamics
5. Global Home Automation Market Segmentation, Forecasts And Trends - By Revenue
6. By Product
7. By Technology
8. By Region
9. Vendor Market Share Analysis
10. Company Profiles
11. Industry Structure
- Honeywell International, Inc.
- Ingersoll-Rand PLC
- Schneider Electric SE
- ABB Ltd.
- United Technologies Corporation
- Nest Labs Inc.
- Samsung Electronics
- Crestron Electronics, Inc.
- Acuity Brands, Inc
- Johnson Controls Inc
For more information about this report visit https://www.researchandmarkets.com/research/kbgqxr/global_home