Smart home system is an intelligent web-connected electronic system which is designed to operate stand-alone or in a network with other devices. With recent developments across different areas of connectivity of appliances and devices, these systems enable users to monitor and control them even when they are on the move. This includes mobile connectivity features, an integral component of smart homes provided by device manufacturers; and compatible communication protocol and technology based products offered by Internet Service Providers. New technology is enabling the creation of smart homes, integrating devices to make the home a better place to be in terms of safety, comfort, productivity and well-being.
In recent years, the demand for the quality of life has been growing and the intellectualization of things has been even more popular. This trend has made the demand of Smart Home Systems become larger and this trend can be anticipated to fuel the market growth during the forecast period.
USA is the leader in the field of smart home. It developed the technology earlier than other countries like Germany, Japan, China, so the popularity rate is higher. The market is much larger than any other country, and it can be predicted that USA would still be the largest market in the world in the next few years.
According to our research, ADT and Honeywell are the largest suppliers in the world with 7.890% and 6.331% of the market respectively in 2015. Other companies like Vivint and Nortek account for smaller market with 5.899 % and 4.215% respectively.
In short, Smart Home Systems project still has potential in USA market, but the current market was mainly occupied by the existing enterprises, under the premise of the future demand growth and technological processes, the new entrants into the Smart Home Systems industry business should be able to occupy a certain market share. Therefore, new entrants must develop technical and master internal control, to seize the domestic and foreign markets in the future.
In 2018, the global Smart Homes Systems market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Smart Homes Systems status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Smart Homes Systems development in United States, Europe and China.
The key players covered in this study
ADT
Honeywell
Vivint
Nortek
Crestron
Lutron
Leviton
Comcast
ABB
Acuity Brands
Alarm.com
Control4
Schneider Electric
Time Warner Cable
Siemens AG
Sony
Savant
Nest
AMX
Legrand
Market segment by Type, the product can be split into
Energy Management Systems
Security & Access control
Lighting Control
Home appliances control
Entertainment Control
Others
Market segment by Application, split into
Dwelling
Business Building
Hotel
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Smart Homes Systems status, future forecast, growth opportunity, key market and key players.
To present the Smart Homes Systems development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Smart Homes Systems are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Smart Homes Systems . Industry analysis & Market Report on Smart Homes Systems is a syndicated market report, published as Global Smart Homes Systems Market Size, Status and Forecast 2019-2025. It is complete Research Study and Industry Analysis of Smart Homes Systems market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.