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Home Automation System Market

Global Home Automation System Market Research Report, By Protocol & Technology (Network and Wireless), By Product (Lighting, Security and Access Control, HVAC and Entertainment Control), Software & Algorithm (Behavioral and Proactive) by Forecast till 2023. The Global Home Automation System market is expected to reach approximately USD 85 Billion by 2023 growing at 11% CAGR over the forecast period 2018-2023.

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Home Automation System Market

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  1. Home Automation System Market Report- Forecast 2023 Home Automation System Market Report-Forecast 2023 P a g e | 1 Copyright © 2017 Market Research Future.

  2. Home Automation System Market Report- Forecast 2023 VIEW REPORTS SAMPLE REPORTS P a g e | 2 Copyright © 2017 Market Research Future.

  3. Home Automation System Market Report- Forecast 2023 Summary Today we live in a world of automation where most of the manual work is getting automated, such as industrial automation, homes and other business sectors. Home Automation Systems Market are advancement in the mechanization processes where human efforts are needed with the machinery equipment to operate various loads in homes. It includes automatic controlling of home appliances using different technologies and controllers over desktops, laptops smartphones or tablets. The home automation system market is growing due to the significant rise in IoT market, cost reduction measures enabled by home automation systems, the presence of a large number of manufacturers expanding their product catalog, and the increasing need of home monitoring from remote locations. According to Market Research Future Analysis, the global home automation system market is estimated to generate revenue of approximately USD 85 Billion by 2023 growing at a CAGR of 11% during the forecast period 2018-2023. P a g e | 3 Copyright © 2017 Market Research Future.

  4. Home Automation System Market Report- Forecast 2023 Major Key Players: Some of the key players of Home Automation System market include Honeywell International Inc. (U.S.), Acuity Brands, Inc. (U.S.), Johnson Controls Inc. (U.S.), United Technologies Corporation (U.S.), Crestron Electronics, Inc. (U.S.), Legrand (France), Schneider Electric Se (France), ABB Ltd. (Switzerland), Samsung Electronics Co., Ltd. (South Korea), Siemens Ag (Germany), among others. P a g e | 4 Copyright © 2017 Market Research Future.

  5. Home Automation System Market Report- Forecast 2023 Segmentation: On the basis of Product, the market is segmented into Lighting Control, Climate Control, Security and Access Control, HVAC Control, Entertainment Control, Energy Management Control and others. Security and access control is expected to grow at the highest CAGR during the forecast period owing to the increasing demand for home monitoring solutions and risk of criminal activities such as theft and robbery. The security and access control market is followed by Lightening control as it accounts for one of the largest electrical loads in homes. On the basis of protocol & technology, the market is into Network and Wireless. By Network Technology, the market is segmented into CDMA, GSM/HSPA, LTE network. By Protocol, the market is segmented into Digital Addressable Lighting Interface(DALI), Ethernet, LONWORKS, BACnet among others. By Wireless Technology, the market is segmented into IR, Zigbee, Wi-Fi, GSM, Bluetooth. Wireless Technology holds the largest market share for home automation market owing to the increase in number of products equipped with WiFi technology. P a g e | 5 Copyright © 2017 Market Research Future.

  6. Home Automation System Market Report- Forecast 2023 Regional Analysis: The geographical analysis of global recommendation market is done for regions like North America, Europe, Asia Pacific, and rest of the world. Among these regions, the market is mostly dominated by North America during the forecast year. North America is expected to drive the home automation market due to technological advancement, consumer awareness, fast internet connectivity and the presence of major players of home automation system market such as United Technologies Corporation (U.S.), Honeywell International Inc. (U.S.), Johnson Controls Inc. (U.S.), Crestron Electronics, Inc. (U.S.), Acuity Brands, Inc. (U.S.) and others. Also, the increased demand for HVAC & energy management has significantly driven regional growth. The market in APAC is expected to grow at the highest CAGR due to a rapid increase in the residential projects and need to strengthen the building infrastructure. In developing countries like India, the market is expected to rise owing to the increasing investments in infrastructure to improve the standard of living. P a g e | 6 Copyright © 2017 Market Research Future.

  7. Home Automation System Market Report- Forecast 2023 q (Germany) are focusing on the digital utilities transformation. P a g e | 7 Copyright © 2017 Market Research Future.

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