Progressive Markets has published a report, titled, Global Smart Homes Market – Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025.
Global Smart Homes Market Report Based on Type (lighting control, HVAC control, security and access control, smart kitchen, and entertainment & other), Technology, Geography (North America, Asia-Pacific, Europe, and Middle East & Africa). As per the report, the global smart homes market is expected to grow at a CAGR of 15.2% from 2017 to 2025.
The research outlines market landscape, drivers, restraints, opportunities, and detailed segmentation. In addition, geographical scenario of various regions is outlined in the study to outline emerging geographies and present insights on opportunities in the untapped markets. The study is a helpful source of information for market players, investors, and new entrants to determine market size for the future and take necessary steps to gain strong position in the market.
The report offers an executive summary of the global smart homes market based on key findings, market attractiveness, and competitive landscape. In addition, recent developments in the industry are highlighted and current trends are analyzed. This information helps in determining current market status and take necessary steps based on market conditions. The introductory part covers report description & scope, definitions, and research methodology. Primary and secondary methodology are implemented to collect data and statistics, which is also presented in a tabular and pictorial format for better understanding.
Research Factor Included in Smart Homes Industry
Market landscape of the global smart homes industry is provided based on drivers, restraints, market share analysis, and Porters Five Forces model. Driving forces analyzed in the report are low energy levels along with more automated applications and personal & family security provided by smart homes. Restraining factor of the market is high initial cost of smart technologies. Impact of drivers and restraints are explored. This information help manufacturers to take necessary steps to capitalize on driving factors and overcome challenges to achieve growth. Analysis on Porters Five Forces model is offered to outline level of competition based on bargaining power of buyers & suppliers, threat from new entrant & substitutes, and industry rivalry.Market share analysis of the market is offered for each segment with the help of tables for the period, 2014-2025.
Segmentation of Smart Homes Market by Component and Industry Vertical
The report offers detailed segmentation of the global smart homes market based on product type, technology, and geography.The study further classified product segment into lighting control, HVAC control, security and access control, smart kitchen, and entertainment & other controls. Technologies analyzed in the research are Bluetooth, Zigbee, radiofrequency identification (RFID), GSM/GPRS-cellular technology, Wi-Fi technology, and computing technologies. Based on geography, the report segments the market into North America, Europe, Asia-Pacific, and LAMEA.
Countries from North America are analyzed U.S., Canada, and Mexico, however, European countries analyzed are U.K., Germany, France, Spain, Italy, and rest of the Europe. Asia-Pacific region includes China, Japan, India, Australia, South Korea, and rest of the Asia-Pacific, however, LAMEA region takes in Brazil, Saudi Arabia, and South Africa. Market value for each segment is offered for the historic period, 2014-2016 and the forecast period, 2017-2025. Revenue generated in each country in those regions for the historic period and the forecast period are offered with the help of tabular formats and figures. This is a significant source of information to gain understanding of emerging economies across the world and expand business to gain major market share in the global industry.
Key Manufacturers Analysis of Global Smart Homes Market
The report offers an extensive analysis of key manufacturers operating in the global smart homes market. A brief business overview, financial & business segmentation, and recent developments of each market player are offered in the study. This information assist other market players to determine competitive scenario and opens up opportunities for collaborations, partnerships, and others. These manufacturers include Control4 Corporation, Cisco Systems, Inc., Schneider Electric SA, Leviton MFG. Company Inc., United Technologies Corporation, Siemens Building Technologies, Emerson Electric Co., Smarthome, Inc., Honeywell Scanning & Mobility, and LG Electronics Inc. Snapshot of each company is provided with the help of tables. This information assists to determine the competitive intensity and take necessary steps to gain competitive edge over others.