Home Automation System Market Worth $78.27 Billion by 2022 – Significant Growth in IoT Products & Applications … – Business Wire (press release)
DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Home
Automation System Market – Global Forecast to 2022” report to
The global market for home automation systems is expected to grow at a
CAGR of 12.46% between 2016 and 2022 from USD 32.11 billion in 2015 to
USD 78.27 billion by 2022.
The significant growth in the Internet of Things (IoT) products and
applications, cost reduction measures enabled by home automation systems
(due to technological or any other advancements), and growing importance
of home monitoring from remote locations along with the continuous
addition of new products by leading manufacturers are some of the major
factors driving the growth of the home automation system market
Smart thermostats are installed in most North American homes and they
offer attractive opportunities for energy companies and service
providers in the home automation system market in the region. Smart
thermostats provide details of energy consumption within the household
via monthly reports, thereby enabling the end users to take steps to
reduce their electricity bills. This factor is expected to drive the
growth of the HVAC control market in the other regions as well during
the forecast period.
The home automation system market in Asia-Pacific is expected to grow at
the highest rate. Strong economic growth, increasing population and
improving standards of living, and rapid urbanization leading to a
sophisticated infrastructure are some of the major factors driving the
growth of the market in this region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Protocols and Technologies Used in Home Automation Systems
8 Home Automation System Market, By Product
9 Home Automation System Market, By Software & Service
10 Home Automation System Market, By Geography
11 Competitive Landscape
12 Company Profiles
- ABB Ltd.
- Acuity Brands, Inc.
- Crestron Electronics, Inc.
- Honeywell International, Inc.
- Ingersoll-Rand PLC
- Johnson Controls Inc.
- Nest Labs Inc.
- Samsung Electronics Co., Ltd.
- Schneider Electric SE
- Siemens AG
- United Technologies Corporation
For more information visit http://www.researchandmarkets.com/research/m55vsw/home_automation