HOME Top Market Reports Smart Homes Market by Product (Energy Management System, Security & Access Control, Entertainment Control, and HVAC Control), Protocol and Technology (Protocol, Cellular Technology, and Communication Technology), Service (Installation, and Customization), and Geography (North America, Europe, APAC, and ROW) - Trend and Forecast to 2020

Smart Homes Market by Product (Energy Management System, Security & Access Control, Entertainment Control, and HVAC Control), Protocol and Technology (Protocol, Cellular Technology, and Communication Technology), Service (Installation, and Customization), and Geography (North America, Europe, APAC, and ROW) - Trend and Forecast to 2020

By: marketsandmarkets.com
Publishing Date: February 2015
Report Code: SE 3172

 

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A smart home is a home that is equipped with a special connected platform enabling its occupants to remotely control and program an array of automated home electronic devices. The smart home market offers a wide array of applications such as residential energy management, entertainment and, lighting control. The growth of the smart homes market in the coming years is expected to be high with the market size estimated to reach $58.68 billion by 2020, at an estimated CAGR of 17% from 2015 to 2020. Segments such as energy management system, security and access control systems are driving the smart homes market. The market is already progressing well in the developed countries, and is expected to grow well even in the developing nations due to the regulatory initiatives from various governments and an increased consumer interest in reducing the energy consumption. Key drivers of the smart home market are increased requirements of consumers for convenience, safety & security, demand for energy efficient solutions, and product development in Internet of Things (IOT) & M-2-M communication.

North America, currently, accounts for the highest market share, as this region has the maximum adoption of smart homes systems. The Asia-Pacific smart homes market is estimated to grow at the highest growth rate amongst all regions, backed by its resilient GDP growth and the growing real estate market. This report on smart homes covers the market by product, service, and geography; it provides a detailed analysis of the current market scenario and the estimation till 2020. It also describes the value chain for smart homes market by considering all the major stakeholders in the market and their role analysis.

The smart homes market report profiles companies that are major players, and active in this market. It comprises the competitive landscape of main players, which covers key growth strategies followed by all prominent players. Some of the big players profiled in the market report are Siemens AG (Germany), Schneider Electric S.A. (France), ABB Ltd. (Switzerland), Ingersoll-Rand PLC (Ireland), Emerson Electric Co. (U.S.), Legrand S.A. (France), Crestron Electronics, Inc. (U.S.) ,Lutron Electronics, Inc. (U.S.), Control4 Corporation (US), and more.

Scope of the report

This research report categorizes the global smart homes market; based on product, geography, service, and protocol & technology; it also covers the market size forecast of the market.

On the basis of product:

The global smart home market has an exhaustive product portfolio.The smart homes market has been segmented by product into energy management systems, HVAC control, entertainment control, security and access control. The energy management system is further segmented into smart devices and lighting control solutions. Different security & access control product solutions included in the report are intrusion detection system, video surveillance, motion sensors, touch screen, and keypads.

On the basis of protocol & technology:

The smart homes market is split into three sub-segments such as network technologies along with protocols & standards, and different communication technologies. The most widely used wireless smart homes communication technologies such as Zigbee, Z-wave, Wi-Fi, EnOcean, and Bluetooth are also included in the report.

On the basis of service:

The basic services in the smart homes market are installation & customization. The installation involves setting up a system for a smart home while the renovation & customization includes remodelling a home with automated smart home systems.

On the basis of geography:

The smart homes market is split in to four regions: North America, Europe, APAC, and RoW. North America includes the U.S., Canada, and Mexico, while Europe is divided into the Germany, France, the U.K., and others; APAC smart homes market includes China, Japan, India, and others while RoW is divided into the Latin America, the Middle East and Africa.

Table of Contents

1 Introduction (Page No. - 11)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Market Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Factor Analysis
           2.2.1 Demand Side Analysis
                    2.2.1.1 Positive Correlation With Real Estate Industry
                    2.2.1.2 Higher Disposable Income Enable to Afford Smart Home Solutions
           2.2.2 Supply Side Analysis
                    2.2.2.1 Price of Smart Home Solutions is Expected to Reduce Due to High Growth in Wireless Technologies & IOT
    2.3 Market Size Estimation
           2.3.1 Bottom Up Approach
           2.3.2 Top Down Approach
    2.4 Market Breakdown and Data Trangulation
    2.5 Research Assumptions and Limitations
           2.5.1 Assumptions
           2.5.2 Limitations

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 39)
    4.1 Attractive Market Opportunities in the Smart Homes Market
    4.2 Market - Top Three Product Segments
    4.3 Smart Homes Market, By  Geography and Product Segment
    4.4 the U.S. Accounted for Over One Fourth of the Market Share in 2014
    4.5 Market: Product Segments (2020)
    4.6 Market: Asia-Pacific vs. Countries of the European Union
    4.7 Smart Homes Market: Security and Access Control (2020)

5 Market Overview (Page No. - 44)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 Global Smart Homes Market, By Product
           5.3.2 the Global Market, By Protocol and Technology
           5.3.3 the Global Market, By Service
           5.3.4 the Global Market , By Geography
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 A Holistic Solution for the Safety of Homes and Family Members
                    5.4.1.2an Aggregated Demand for Energy Saving and Low Carbon Emission Oriented Solutions
                    5.4.1.3 the Interplay of Wireless Technology, Mobility, IOT, and Digital Living
           5.4.2 Restraints
                    5.4.2.1 High Capital Investment Followed By A Significant Maintenance Cost
                    5.4.2.2 Gloomy Outlook in Real Estate and Construction Activities
           5.4.3 Opportunity
                    5.4.3.1 Accelerated Growth in Smart Home-Centric Wireless Protocols
                    5.4.3.2 The APAC Smart Homes Market is Expected to Grow at the Highest Rate Backed By Its Resilient GDP Growth and Real Estate Market
           5.4.4 Challenge
                    5.4.4.1 Linking Disparate Systems and Limited Functionality
                    5.4.4.2 Network Security Concern Pertaining to Wireless Protocols

6 Industry Trends (Page No. - 62)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Supply Chain Analysis
    6.4 Industry Trends
    6.5 Porterís Five Forces Model
           6.5.1 Threat of New Entrants
           6.5.2 Threat of Substitutes
           6.5.3 Bargaining Power of Suppliers
           6.5.4 Bargaining Power of Buyers
           6.5.5 Degree of Competition
    6.6 Industry Lifecycle

7 Smart Homes Market, By Product (Page No. - 77)
    7.1 Introduction
    7.2 Energy Management Systems
           7.2.1 Smart Devices
                    7.2.1.1 Smart Meter
           7.2.2 Lighting Control
                7.2.2.1 Central Power Systems
                    7.2.2.2 Controllable Breakers
                    7.2.2.3 Sensors
                               7.2.2.3.1 Occupancy Sensors
                               7.2.2.3.2 Vacancy Sensors
                               7.2.2.3.3 Photo Sensors
                    7.2.2.4 Timers and Manual Switches
                    7.2.2.5 Dimming System
                    7.2.2.6 Others
    7.3 Security & Access Control
           7.3.1 Security Control
                    7.3.1.1 Intrusion Detection System
                    7.3.1.2 Door Phone
                    7.3.1.3 Video Surveillance System
           7.3.2 Access Control
                    7.3.2.1 Door Contact
                    7.3.2.2 Motion Sensor
                    7.3.2.3 Touch Screen and Keypad
    7.4 HVAC Control
           7.4.1 Thermostats
           7.4.2 Climate Controls
           7.4.3 Temperature Sensors
           7.4.4 Humidity Sensors
           7.4.5 Others
    7.5 Entertainment Control
           7.5.1 Audio Controller
           7.5.2 Multi-Media Room Control
           7.5.3 Home Theatre System Control
           7.5.4 Touch Screens & Keypad
    7.6 Others

8 Smart Homes Market, By Protocols and Technology (Page No. - 108)
    8.1 Introduction
    8.2 Cellular Network Technologies
           8.2.1 CDMA Networks
           8.2.2 GSM/HSPA Networks
           8.2.3 Lte Networks
    8.3 Smart Home Protocols & Standards
           8.3.1 Digital Addressable Lighting Interface (DALI)
           8.3.2 KNX
           8.3.3 Lonworks
           8.3.4 Modbus
           8.3.5 National Electrical Manufacturers Association (NEMA)
           8.3.6 Power Line Communication (PLC)
    8.4 Smart Home Wireless Communication Technologies
           8.4.1 Bluetooth
           8.4.2 Enocean
           8.4.3 Infra-Red
           8.4.4 WI-FI
           8.4.5 Zigbee
           8.4.6 Z-Wave

9 Smart Homes Market, By Service (Page No. - 121)
    9.1 Introduction
           9.1.1 Installation and Repair
           9.1.2 Customization & Renovation

10 Geographic Analysis (Page No. - 127)
     10.1 Introduction
     10.2 North America
             10.2.1 The U.S.
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 The U.K.
             10.3.2 Germany
             10.3.3 France
             10.3.4 Others
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 Others
     10.5 Rest of the World
             10.5.1 the Middle East & Africa
             10.5.2 Latin America

11 Smart Competitive Landscape (Page No. - 152)
     11.1 Overview
     11.2 Market Share Analysis: Smart Homes Market
     11.3 Competitive Situation and Trends
             11.3.1 New Product Launches
             11.3.2 Agreements, Partnerships, and Joint Ventures
             11.3.3 Mergers & Acquisitions

12 Company Profiles (Page No. - 165)
     12.1 Introduction
     12.2 ABB Ltd.
             12.2.1 Business Overview
             12.2.2 Products & Services
             12.2.3 Recent Developments
             12.2.4 MNM View
     12.3 Siemens AG.
             12.3.1 Business Overview
             12.3.2 Products & Services
             12.3.3 Recent Developments
             12.3.4 MNM View
     12.4 Schneider Electric SA
             12.4.1 Business Overview
             12.4.2 Products & Services
             12.4.3 Recent Developments
             12.4.4 MNM View
     12.5 Ingersoll-Rand PLC
             12.5.1 Business Overview
             12.5.2 Products & Services
             12.5.3 Recent Developments
             12.5.4 MNM View
     12.6 Legrand S.A.
             12.6.1 Business Overview
             12.6.2 Products & Services
             12.6.3 Recent Developments
             12.6.4 MNM View
     12.7 Lutron Electronics Co., Inc.
             12.7.1 Business Overview
             12.7.2 Products & Services
             12.7.3 Key Strategy
             12.7.4 Recent Developments
     12.8 Emerson Electric Co.
             12.8.1 Business Overview
             12.8.2 Products & Services
             12.8.3 Recent Developments
             12.8.4 Strategy
     12.9 Crestron Electronics Inc.
             12.9.1 Business Overview
             12.9.2 Products & Services
             12.9.3 Recent Developments
             12.9.4 Key Strategy
     12.1 Control4 Corporation
             12.10.1 Business Overview
             12.10.2 Products & Services
             12.10.3 Recent Developments
             12.10.4 Key Strategy
     12.11 Honeywell International, Inc.
             12.11.1 Business Overview
             12.11.2 Products & Services
             12.11.3 Recent Developments
             12.11.4 Key Strategy


List of Tables (74 Tables)

Table 1 Driver Analysis
Table 2 Average Energy Savings Potential From Lighting Controls
Table 3 Restraint Analysis
Table 4 Typical  Smart Homes  Solution Cost
Table 5 Opportunity Analysis
Table 6 Challenge Analysis
Table 1 Some of the Prominent Companies in the Smart Homes Market
Table 2 Smart Homes Market Size, By Product Segment, 2014-2020 ($Billion)
Table 3 Energy Management System Market Size, By Product, 2014-2020 ($Billion)
Table 4 Energy Management System Market Size, By Geography, 2014-2020 ($Billion)
Table 5 Smart Device Market Size, By Product, 2014-2020 ($Billion)
Table 6 Smart Device Market Size, By Geography, 2014-2020 ($Billion)
Table 7 North American Smart Device Market Size, By Country, 2014-2020 ($Million)
Table 8 European Smart Device Market Size, By Country, 2014-2020 ($Million)
Table 9 APAC Smart Device Market Size, By Country, 2014-2020 ($Million)
Table 10 ROW Smart Device Market Size, By Country, 2014-2020 ($Million)
Table 11 Benefits of Smart Appliances
Table 12 Lighting Control Market Size, By Product, 2014-2020 ($Billion)
Table 13 Lighting Control Market Size, By Geography, 2014-2020 ($Billion)
Table 14 Average Energy Savings Potential From Lighting Controls
Table 15 North American Lighting Control Market Size, By Country, 2014-2020 ($Million)
Table 16 European Lighting Control Market Size, By Country, 2014-2020 ($Million)
Table 17 APAC Lighting Control Market Size, By Country, 2014-2020 ($Million)
Table 18 ROW Lighting Control Market Size, By Country, 2014-2020 ($Million)
Table 19 Security and Access Control Market Size, By  Product, 2014-2020 ($Billion)
Table 20 Security and Access Control Market Size, By Geography, 2014-2020 ($Billion)
Table 21 Security Control Market Size, By  Product, 2014-2020 ($Billion)
Table 22 Security Control Market Size, By  Geography, 2014-2020 ($Billion)
Table 23 North America Security Control Market Size, By  Country, 2014-2020 ($Million)
Table 24 European Security Control Market Size, By  Country, 2014-2020 ($Million)
Table 25 APAC Security Control Market Size, By  Country, 2014-2020 ($Million)
Table 26 ROW Security Control Market Size, By  Country, 2014-2020 ($Million)
Table 27 Access Control Market Size, By Product, 2014-2020 ($Billion)
Table 28 Access Control Market Size, By  Geography, 2014-2020 ($Billion)
Table 29 North American Access Control Market Size, By  Country, 2014-2020 ($Million)
Table 30 European Access Control Market Size, By  Country, 2014-2020 ($Million)
Table 31 APAC Access Control Market Size, By  Country, 2014-2020 ($Million)
Table 32 ROW Access Control Market Size, By  Country, 2014-2020 ($Million)
Table 33 HVAC Control Market Size, By Product, 2014-2020 ($Billion)
Table 34 HVAC Control Market Size, By Geography, 2014-2020 ($Billion)
Table 35 Entertainment Control Market Size, By Product, 2014-2020 ($Billion)
Table 36 Entertainment Control Market Size, By Geography, 2014-2020 ($Billion)
Table 37 Others Market Size, By Product Type, 2014-2020 ($Billion)
Table 38 Others Market Size, By Geography, 2014-2020 ($Billion)
Table 39 Features of Home Health Systems
Table 40 Comparison Between Different Smart Home Wireless Technologies
Table 41 Smart Homes Market Size, By Service, 2015-2020 ($Billion)
Table 42 Smart Homes Services Market Size, By Geography, 2013-2020 ($Billion)
Table 43 The Market Size, By Geography, 2015-2020 ($ Billion)
Table 44 North America: Smart Homes Market Size, By Product, 2015-2020 ($ Billion)
Table 45 North America: Energy Management Systems Market Size, By Country, 2015-2020 ($ Million)
Table 46 North America: Security & Access Control Market Size, By Country, 2015-2020 ($ Million)
Table 47 North America: HVAC Control Market Size, By Country, 2015-2020 ($ Million)
Table 48 North America: Entertainment Control Market Size, By Country, 2015-2020 ($ Million)
Table 49 North America: Others Market Size, By Country, 2015-2020 ($ Million)
Table 50 North America: Market Size, By Country, 2015-2020 ($ Billion)
Table 51 European Smart Homes Market Size, By Product, 2015-2020 ($ Billion)
Table 52 European Energy Management System Market Size, By Country, 2015-2020 ($ Million)
Table 53 European Security & Access Control Market, By Country, 2015-2020 ($ Million)
Table 54 European HVAC Control Market Size, By Country, 2015-2020 ($ Million)
Table 55 European Entertainment Control Market Size, By Country, 2015-2020 ($ Million)
Table 56 European Others Market, By Country, 2015-2020 ($ Million)
Table 57 European Market Size, By Country, 2015-2020 ($ Billion)
Table 58 APAC: Smart Homes Market Size, By Product, 2015-2020 ($ Billion)
Table 59 APAC: Energy Management System Market Size, By Country, 2015-2020 ($ Million)
Table 60 APAC: Security & Access Control Market Size, By Country, 2015-2020 ($ Million)
Table 61 APAC:HVAC Control Market Size, By Country, 2015-2020 ($ Million)
Table 62 APAC: Entertainment Control Market Size, By Country, 2015-2020 ($ Million)
Table 63 APAC: Others Market Size, By Country, 2015-2020 ($ Million)
Table 64 APAC: Smart Homes Market Size, By Country, 2015-2020 ($ Billion)
Table 65 ROW: Smart Homes Market, By Product, 2013-2020 ($ Billion)
Table 66 ROW: Energy Management System Market, By Country, 2015-2020 ($ Million)
Table 67 ROW: Security & Access Control Market, By Country, 2015-2020 ($ Million)
Table 68 ROW:HVAC Control Market, By Country, 2015-2020 ($ Million)
Table 69 ROW: Entertainment Control Market, By Country, 2015-2020 ($ Million)
Table 70 ROW Others Market, By Country, 2015-2020 ($ Million)
Table 71 ROW: Market Size, By Country, 2015-2020 ($ Billion)
Table 72 New Product Launches, 2011-2014
Table 73 Agreements, Partnerships & Joint Ventures, 2011-2014
Table 74 Mergers & Acquisitions, 2011-2014
 
 
List of Figures (86 Figures)
 
Figure 1 Global Market Covered
Figure 2 Global Smart Homes Market, By Product
Figure 3 Global Market, By Geography
Figure 4 Research Design
Figure 5 Estimated Size of Real Estate Industry (Us $Trillion)
Figure 6 Growth in GDP (PPP) of Developing vs. Developed Countries
Figure 7 Growth in Wireless Technologies Expected to Impact Supply Side.
Figure 8 Bottom-Up Approach
Figure 9 Top-Down Approach
Figure 10 Market Breakdown and Data Triangulation
Figure 11 Assumptions of the Research Study
Figure 12 Limitations of the Research Study
Figure 13 Evolution of the Smart Homes Market
Figure 14 Global Market Snapshot (2014 vs. 2020): Security and Access Control is Expected to Account for the Largest Market Share
Figure 15 Security Control Has Emerged as the Fastest Growing Segment in   the Security and Access Control Market
Figure 16 Security Control Market, By Product, 2014
Figure 17 Global Smart Homes  Market Share, 2014
Figure 18 Attractive Market Opportunities in the Smart Homes Market
Figure 19 Security and Access Control is Expected to Grow at the Fastest Rate in the Global Smart Homes Market
Figure 20 Security and Access Control Accounted for the Largest Share in the Global Market
Figure 21 The U.S. Accounted for Over One Fourth of the Market Share
Figure 22 The Market for Security and Access Control in APAC is  Expected to Grow at Highest Rate During the Forecast Period
Figure 23 Asia-Pacific Markets Are Expected to Grow Faster Than the Countries in the European Union
Figure 24 The Security and Access Control Segment Has A Promising Future in Asia-Pacific
Figure 25 Evolution of the Smart Homes Market
Figure 26 Global Market Segmentation
Figure 27 Global Market, By Product
Figure 28 The Global Smart Homes Market, By Protocol and Technology
Figure 29 The Global Market, By Service
Figure 30 The Global Smart Homes Market, By Geography
Figure 31 Drivers, Restraints, Opportunities, and Challenges for the Smart Homes Market
Figure 32 Global Electricity Demand Projection ( in Tera-Watt Hours)
Figure 33 West Texas Intermediate (WTI) Crude Oil Prices ( in Us $ Per Barrel )
Figure 34 Asia-Pacific GDP Growth Outlook
Figure 35 Asia-Pacific Urbanization ( as Percentage of Total Population )
Figure 36 Value Chain Analysis
Figure 37 Supply Chain of Major Players in the Market
Figure 38 The Growth in Wireless Technologies Has Helped Propel the Smart Homes Market
Figure 39 Porterís Five Forces Analysis
Figure 40 The Porterís Five Forces Analysis for the Smart Home  Market
Figure 41 Threat of New Entrants
Figure 42 Threat of Substitutes
Figure 43 Bargaining Power of Suppliers
Figure 44 Bargaining Power of Buyers
Figure 45 Degree of Competition
Figure 46 Smart Homes Market: Industry Life Cycle
Figure 47 Market, By Product Segment
Figure 48 Smart Homes  Lighting Control Solutions
Figure 49 Different  Types of Lighting Control Sensors
Figure 50 Smart Homes Security and Access Control Solutions
Figure 51 Smart Homes HVAC Control Solutions
Figure 52 Smart Homes Entertainment Control Solutions
Figure 53 Different Smart Home Protocols & Technologies
Figure 54 A Simple GSM/HSPA Network Set-Up
Figure 55 Protocols and Standards Used in A Smart Home System
Figure 56 Wiring for DALI Fluorescent Dimming
Figure 57 Lonworks Network Set Up
Figure 58 Wireless Communication Technologies Used in Smart Homes
Figure 59 Smart Homes Market By Service
Figure 60 Customization and Renovation Process
Figure 61 The Smart Homes Market Geographic Snapshot, CAGR% (2015-2020)
Figure 62 The Global Market By Product Segment, Region wise (2015-2020)
Figure 63 North American Smart Homes Market Snapshot
Figure 64 European Smart Homes Market Snapshot
Figure 65 The APAC Market Snapshot
Figure 66 Rest of the World Smart Homes Market Snapshot
Figure 67 Companies Adopted Acquisitions and Product Innovation as Key Growth Strategies Over the Last Three Years (2011-2014)
Figure 68 Schneider & ABB Ltd. Grew at the Fastest CAGR Between 2011 and 2013
Figure 69 Global Smart Homes Market Share, By Key Player, 2013
Figure 70 Market Evolution Framework: New Product Developments Have Fueled Growth and Innovation in the Smart Homes Market
Figure 71 Battle for Market Share: New Product Launches Was the Key Strategy Adopted By Companies to Expand Their Businesses (2011-2014)
Figure 72 Geographic Revenue  Mix of  Top 5 Market  Players
Figure 73 ABB Ltd.: Business Overview
Figure 74 ABB Ltd.: SWOT Analysis
Figure 75 Siemens AG.: Business Overview
Figure 76 Siemens AG: SWOT Analysis
Figure 77 Schneider Electric SA: Business Overview
Figure 78 Schneider Electric SA: SWOT Analysis
Figure 79 Ingersoll-Rand PLC.: Business Overview
Figure 80 Ingersoll Rand PLC: SWOT Analysis
Figure 81 Legrand S.A.: Business Overview
Figure 82 Legrand S.A.:SWOT Analysis
Figure 83 Lutron Electronics Co., Inc: Business Overview
Figure 84 Emerson Electric Co.: Business Overview
Figure 85 Crestron Electronics Inc.: Business Overview
Figure 86 Control4 Corporation: Business Overview

The smart homes market is expected to grow to $58.68 billion by 2020, at an estimated CAGR of 17% from 2015 to 2020. There has been a significant growth in the global market due to the demand for energy efficient solutions and enhanced home security. Today, fundamental trends have emerged to drive the acceptance of smart homes, the aging population is increasing the demand for new services in homes; the increased penetration of portable devices has led to a dramatic increase in digital access technologies, which is also a major enabler for smart home applications; and there is a strong push by a wide range of leading players, such as telecom and utility service providers, and appliance manufacturers providing smart home devices.

Most smart homes market players aim to increase controllability and security, along with providing time-saving and energy-saving alternatives. North America is the current leader in the global market, followed closely by Europe and Asia-Pacific. The report covers the global smart homes market segmented on the basis of products, services, and geography. The products segment comprises security & access controls, HVAC Control, energy management systems, entertainment systems, and more. The services segment consists of installation & customization. The geographic analysis covers Americas, Europe, APAC, and Rest of the World (RoW).

Global Smart Homes Market

Smart Homes Market

Source: MarketsandMarkets Analysis

This report describes industry trends, drivers, restraints, and opportunities of the smart homes market and forecasts the market till 2020, based on smart homes product, service, technology and geography. Different smart homes products include energy management, security & access control, entertainment & HVAC control products. Amongst these, energy management and security & access control are the most demanding smart home solutions. Both accounted for 65% of the total smart homes product market in 2014. North America led the global smart homes market in 2014 with the share of 37% of the global market. The report covers the overall as well as product-wise market dynamics of the entire market, which includes drivers, restraints, and opportunities along with their impact in the current as well as future scenario. Some of the major companies included in the report are Siemens AG (Germany), Schneider Electric S.A. (France), ABB Ltd. (Switzerland), Ingersoll-Rand PLC (Ireland), Emerson Electric Co. (U.S.), Legrand S.A. (France), Crestron Electronics, Inc. (U.S.) ,Lutron Electronics, Inc. (U.S.), Control4 Corporation (US), and more.

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