The report titled Home Automation Market which was recently added by Kenneth Research, aims at providing the clients with the business growth and investment opportunities present in the market globally. Further, the market is evaluated on various parameters that is covered in the report and further includes market size, market volume and the growth rate over the forecast period, i.e., 2022-2031. The market is further anticipated to grow with a robust CAGR throughout the forecast period.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Home Automation Market Products.
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The Information and Communications Technologies (ICT) sector in Canada consists of more than 41,500 companies, out of which, over 37,000 companies come under the category of software and computer services industries. Hence, around 89.8% of key players in the ICT industry are involved in software and computer services, 4.5% companies are in ICT wholesaling, 3.4% in communications services and the remaining 2.2% companies are involved in ICT manufacturing in the country, as per the Canadian ICT Sector Profile released by the Government of Canada in 2018.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
In this report, the Global Home Automation Market is valued at USD 36.12 billion in 2015 and growing at a CAGR of over 22% between 2017 and 2025.
“Home Automation Market”, published by Xpodence Research, provides extensive insight and analysis of the Home Automation Market over the next eight years (2015-2025) and acts as a vital point of reference for operators or suppliers.
Rising adoption across residential applications is expected to drive the market growth over the forecast period. Factors such as significant IoT market growth, cost reduction in home automation systems, and convenience of remote operation are projected to drive the home automation system market.
Increasing adoption of devices or systems in applications such as lighting, HVAC & energy management, security, entertainment, and smart kitchen is projected to grow the market share. Also, increasing preferences of consumers for connectivity, convenience, safety, and security are further anticipated to propel the industry growth over the forecast period.
Home automation offers advanced digital technology & high end solutions for automated products. The technology delivers better efficiency & performance in household activities to centralized control the system. Furthermore, rising consumer awareness for energy efficient products, urbanization, and changing lifestyle with enhanced convenience, safety and security are also encouraging the market growth.
The report includes –
Segmentation: On the basis of technology, this report displays the revenue, market share and growth rate of each type, primarily split into
• Wired
• Wirless
On the basis of component, this report displays the revenue, market share and growth rate of each type, primarily split into
• Hardware
• Software
• Services
On the basis on the applications, this report focuses on the status and outlook for major applications, market share and growth rate for each application, including
• Lighting
• HVAC
• Entertainment Control
• Security & Access Control
Geographic Segmentation: This report split global market into North America, Europe, Asia Pacific, the Middle East and Africa and Latin America, with revenue (Million USD), market share and growth rate of AI in Agriculture for these regions, from 2015 to 2025 (forecast)
North America: U.S., Rest of North America
Europe: Germany, France, UK, rest of Europe
Asia Pacific: China, Japan, India and Rest of Asia Pacific
Middle East & Africa: GCC, North Africa, South Africa and Rest of MEA
Latin America: Brazil and Rest of Latin America
Key players: Overview of market leaders in Home Automation market by top manufacturers/players, with Home automation revenue (Million USD) and market share for each manufacturer/player; the top players including ABB Ltd., Electronic Control Corporation, Crestron Electronics, Inc., Honeywell International Inc., Ingersoll-Rand PLC., Johnson Controls, Legrand SA., Schneider Electric SE., Siemens AG., Leviton Manufacturing Company, Inc., and Lutron Electronics Co., Inc.• Water-based
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The Market report answers the following questions:
What is the aim of the report?
- The market report presents the estimated market size of Home Automation Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
- The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
- The various parameters accelerating the growth of Market are incorporated in the research report.
- The report analyzes growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
- The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
- The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
Based on what factors are the key market players assessed in this report?
- The report offers detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in the Market including Key Players
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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