Smart Home Market Forecast and Trends Analysis Research Report 2019-2026

This study of the market provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the industry. The report mentions growth parameters in the regional markets along with major players dominating the regional growth.

The report offers detailed profile and data information analysis of the leading companies in the Smart Homes Market:

Honeywell International Inc.
Siemens AG
Johnson Controls
Schneider Electric
United Technologies
Amazon Inc.
Apple
Google
ADT
Robert Bosch GmbH

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The key drivers of the Smart Homes Market are as follows:

The major factors driving the global smart homes market demand include the rising adoption of smart devices among the end-users and the growing demand for real-time home security solutions and consumer electronics at a global level. With the increasing internet user base, the consumers have shifted their preference towards the adoption of home monitoring systems, which can be automatically controlled by using smartphones or smart gadgets from any part of the world. This significant shift towards rising security of the homes will boost the demand of the global smart homes market globally. Several government initiatives are emphasizing on spreading environmental awareness by the usage of energy-saving and low carbon emission solutions, thus promoting the customers to opt for smart lighting systems at a global level.

Smart homes not only help in reducing energy consumption but also improves the safety and security of the home while reducing an unforgettable experience for the end-user. The multinational giants are investing in the development of technologically advanced smart home systems and solutions, which will create numerous new opportunities in the market, thus attracting many consumers towards the global smart homes market in the upcoming years. Additionally, the rising implementation of smart speakers, home appliances, and light control systems among the target customers will further propel the demand of the market. On the other edge of the spectrum, the huge cost involved in the installation of the smart home appliances will hinder the growth of the global smart homes market during the forecast period.

The study objectives of this report are:

To study and forecast the size of the market.
To analyze the key players, SWOT analysis, value, and market share for the leading players.
To define, describe, and forecast the market by different segments.
To analyze the market potential and advantage, opportunity and challenge, restraints and risks.

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Segmentation of the Smart Homes Market:

Breakup by Product:

Lighting Control

Relays
Occupancy Sensors
Daylight Sensors
Timers
Dimmers
Switches
Accessories and Other Products

Security and Access Control

Video Surveillance

Hardware
Software

Access Control

Biometric
Non-Biometric

HVAC Control

Smart Thermostats
Sensors
Control Valves
Heating and Cooling Coils
Dampers
Actuators Pumps and Fans
Smart Vents

Entertainment Control and Other Controls

Entertainment Control Products

Audio, Volume, and Multimedia Room Controls
Home Theatre System Controls
Touchscreens and Keypads

Other Control Products

Smart Meters
Smart Plugs
Smart Hubs
Smart Locks
Smoke Detectors

Smart Speaker
Home Healthcare
Smart Kitchen

Smart Refrigerator
Smart Coffee Makers
Smart Kettles
Smart Dishwashers
Smart Ovens
Smart Cooktops
Smart Cookers

Home Appliances

Smart Washers
Smart Dryers
Smart Water Heaters
Smart Vacuum Clean

Smart Furniture

Smart Tables
Smart Desks
Smart Stools and Benches
Smart Sofas
Smart Chairs

Breakup by Software & Services:

Behavioural
Proactive

Breakup by Region:

North America

United States of America
Canada

Asia Pacific

China
Japan
India
Rest of APAC

Europe

United Kingdom
Germany
France
Spain
Rest of Europe

Brazil
South Africa
Saudi Arabia
UAE
Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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