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The growing demand for remote monitoring of homes, along with increasing costs associated with energy use increases the demand for smart home automation. The increasing use of mart home automation in the development of smart cities, along with government regulations regarding energy use and emissions support the smart home automation market growth. The rising adoption of Internet of Things, and smart devices boosts the adoption of smart home automation.
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Smart Home Automation Market Market Size Worth $203.3 billion By 2026 | CAGR 13.6%
Smart Home Automation Market Size Worth $203.3 billion By 2026 “According to Polaris Market Research report, Smart Home Automation market is witnessing a major transformation and is projected to reach $203.3 billion By 2026 registering a CAGR of 13.6% during the forecast period 2018 to 2026.” The global Smart Home Automation market growth is driven by some of the key factors such as growing awareness among consumers, increasing investments by private-public organizations, and favorable government policies. Additionally, many prominent players present in the market are concentrating on the adoption of new technology and product launches to obtain a competitive edge, which in turn contributes to the Smart Home Automation market growth. The regulatory agencies are also playing a key role as the major driving force for the market, by safeguarding the quality of product/service offerings as well as accelerating new approvals. Smart Home Automation Market Report Scope: The study provides a comprehensive view of the Smart Home Automation market by segmenting it based on Component, Technology, Channel, Application, and region. All the segments of the market have been thoroughly analyzed based on present and future trends. The research report has identified the key segments contributing most to the Smart Home Automation market growth in terms of revenue along with other vital factors impacting the market dynamics. Further, the market analysis covered in the report also answers the imperative question for new entrants and existing players operating in the market. Browse Detailed Research Report On Smart Home Automation Market Analysis: https://www.polarismarketresearch.com/industry-analysis/smart-home-automation-market By Component By Technology By Channel By Application By Region •Hardware •Software •Services •Wired •Wireless •Luxury •Mainstream •DIY •Managed •Lighting •Entertainment •Security and Access Control •HVAC •Others •North America (U.S., Canada) •Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria) •Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea) •Latin America (Brazil, Mexico, Argentina) •Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa) - 2 -
Smart Home Automation Market Size Worth $203.3 billion By 2026 Impact Analysis of COVID-19 on Smart Home Automation Market The global Smart Home Automation market is anticipated to continue its growth amid the covid-19 pandemic. After giving insightful information on market behavior pre and post COVID-19 pandemic, the report also sheds light on the key strategic moves to overcome the adverse impact of COVID-19 on business and turn the positive impact into a lucrative opportunity. Regional Outlook The regional market of North America is witnessing a significant rise in the growth rate and is expected to account for the largest market share over the forecast period. The market is flourishing as a result of its increasing application scope and ample availability of vital resources. During the forecast period, the Asia Pacific region is estimated to garner the highest CAGR for the Smart Home Automation market, owing to the presence of several leading local and international players operating in the regional market. Gain access to our latest research report that includes a detailed analysis of the COVID-19 pandemic influencing the Smart Home Automation market in different regions and how market players devising effective strategies to mitigate the effect of the pandemic: https://www.polarismarketresearch.com/industry-analysis/smart-home-automation-market/speak-to- analyst Competitive Landscape Leading companies holding significant market shares in the Smart Home Automation market are analyzed considering their market shares, growth rates, market revenue, business strategies, and latest developments. Recent events for these major companies such as acquisitions, research initiatives, technological advancements, new solution/product launches, and geographical expansions considered in finalizing their position in the market. According to Polaris Market Research, the leading players with a noteworthy share in the Smart Home Automation market include Johnson Controls, ABB Ltd., Ingersoll-Rand plc, Schneider Electric, Legrand SA, Crestron Electronics, Inc., Siemens AG, Honeywell International, Inc., Control4 Corporation, and Leviton Manufacturing Company, Inc. among others. Request for sample: https://www.polarismarketresearch.com/industry-analysis/smart-home-automation- market/request-for-sample - 3 -
Smart Home Automation Market Size Worth $203.3 billion By 2026 Table of Contents 1.Overview and Scope 1.1.Research goal & scope 1.2.Research assumptions 1.3.Research Methodology 1.3.1.Primary data sources 1.3.2.Secondary data sources 1.4.Key take-away 1.5.Stakeholders 2.Executive Summary 2.1.Market Definition 2.2.Market Segmentation 3.Smart Home Automation Market Insights 3.1.Smart Home Automation – Industry snapshot 3.2.Smart Home Automation - Ecosystem analysis 3.3.Smart Home Automation Market Dynamics 3.3.1.Smart Home Automation – Market Forces 3.3.1.1. Smart Home Automation Market Driver Analysis 3.3.1.2. Smart Home Automation Market Restraint/Challenges analysis 3.3.1.3. Smart Home Automation Market Opportunity Analysis 3.4.Industry analysis - Porter's five force 3.4.1.Bargaining power of supplier 3.4.2.Bargaining power of buyer 3.4.3.Threat of substitute 3.4.4.Threat of new entrant 3.4.5.Degree of competition 3.5.Smart Home Automation Market PEST Analysis, 2016 3.6.Smart Home Automation Market Value Chain Analysis 3.7.Smart Home Automation Industry Trends 3.8.Competitive Ranking Analysis 4.Smart Home Automation Market Size and Forecast by Component, 2018-2026 4.1.Key Findings 4.2.Hardware 4.3.Software 4.4.Services 5.Smart Home Automation Market Size and Forecast by Technology, 2018-2026 5.1.Key Findings 5.2.Wired 5.3.Wireless 6.Smart Home Automation Market Size and Forecast by Channel, 2018-2026 6.1.Key Findings 6.2.Luxury 6.3.Mainstream 6.4.DIY 6.5.Managed 7.Smart Home Automation Market Size and Forecast by Application, 2018-2026 7.1.Key Findings 7.2.Lighting - 4 -
Smart Home Automation Market Size Worth $203.3 billion By 2026 7.3.Entertainment 7.4.Security and Access Control 7.5.HVAC 7.6.Others 8.Smart Home Automation Market Size and Forecast by Region, 2018-2026 8.1.Key Findings 8.2.North America 8.2.1.US. 8.2.2.Canada 8.2.3.Mexico 8.3.Europe 8.3.1.Germany 8.3.2.UK 8.3.3.France 8.3.4.Italy 8.3.5.Rest of Europe 8.4.Asia-Pacific 8.4.1.China 8.4.2.India 8.4.3.Japan 8.4.4.Rest of Asia-Pacific 8.5.Latin America 8.5.1.Brazil 8.6.Middle East & Africa 9.Company Profiles 9.1.Johnson Controls 9.1.1.Overview 9.1.2.Financials 9.1.3.Product Benchmarking 9.1.4.Recent Developments 9.2.ABB Ltd. 9.2.1.Overview 9.2.2.Financials 9.2.3.Product Benchmarking 9.2.4.Recent Developments 9.3.Ingersoll-Rand plc 9.3.1.Overview 9.3.2.Financials 9.3.3.Product Benchmarking 9.3.4.Recent Developments 9.4.Schneider Electric 9.4.1.Overview 9.4.2.Financials 9.4.3.Product Benchmarking 9.4.4.Recent Developments 9.5.Legrand SA 9.5.1.Overview 9.5.2.Financials 9.5.3.Product Benchmarking 9.5.4.Recent Developments - 5 -
Smart Home Automation Market Size Worth $203.3 billion By 2026 9.6.Crestron Electronics, Inc. 9.6.1.Overview 9.6.2.Financials 9.6.3.Product Benchmarking 9.6.4.Recent Developments 9.7.Siemens AG 9.7.1.Overview 9.7.2.Financials 9.7.3.Product Benchmarking 9.7.4.Recent Developments 9.8.Honeywell International, Inc. 9.8.1.Overview 9.8.2.Financials 9.8.3.Product Benchmarking 9.8.4.Recent Developments 9.9.Control4 Corporation 9.9.1.Overview 9.9.2.Financials 9.9.3.Product Benchmarking 9.9.4.Recent Developments 9.10. Leviton Manufacturing Company, Inc. 9.10.1.Overview 9.10.2.Financials 9.10.3.Product Benchmarking 9.10.4.Recent Developments Access Press Release on Smart Home Automation Market: https://www.polarismarketresearch.com/press-releases/smart-home-automation-market About Polaris Market Research Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors, and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. E mail Id: sales@polarismarketresearch.com Web: www.polarismarketresearch.com - 6 -
Smart Home Automation Market Size Worth $203.3 billion By 2026 Official Blog: http://polarismarketresearch.blogspot.com - 7 -