According to new research study on Home Automation Market research report provides size, share, trends, analysis report contains all study material about market industry overview, growth, demand and forecast research in all over the world. The report also analyses the competitive structure of the Home Automation and provides the profiles of major players operating in the market. Growth inducing factors, market restraints and recent developments have also been analyzed in the report in order to provide deeper knowledge about the industry.

The home automation market was valued at US$ 40.10 billion in 2017 and is expected to reach US$ 113.82 billion by 2025; it is estimated to register a CAGR of 13.93% from 2017 to 2025.

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Home automation provides high-end solutions and uses advanced digital technology to make the operation of a variety of household equipment more convenient. It improves efficiency and performance when automating the home or any domestic operations. Home automation entails the automatic control of all electrical gadgets in a home and the ability to control them remotely via a wireless connection. Consumers increasingly demand customization and professionally built systems that are at their convenience and relatively simple to operate. Furthermore, home automation systems provide centralized control of lighting, HVAC, audio/video systems, kitchen appliances, security systems, and other in-home devices.

Key Players Covered In This Report:

• Johnson Controls International Plc
• Siemens AG
• Legrand
• Schneider Electric SE
• Honeywell International Inc.
• Control4 Corporation
• ABB Ltd.
• Crestron Electronics Inc.
• Leviton Manufacturing Company Inc.
• Lutron Electronics Co. Inc
• Ingersoll-Rand plc

Furthermore, home automation allows devices to trigger one another, eliminating the need to control them manually via an app or voice assistant. For example, individuals can schedule their lights to turn on/off or have their thermostats turn up the A/C before they return home from work. Home automation makes life easier and saves money on utility expenses such as heating, cooling, and electricity. Home automation can also lead to increased safety with the Internet of Things devices such as security cameras and systems. These factors are driving the home automation market growth.

The research provides answers to the following key questions:

• What is the estimated growth rate of the market for the forecast period 2017-2025? What will be the market size during the estimated period?
• What are the key driving forces responsible for shaping the fate of the Home Automation market during the forecast period?
• Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Home Automation market?
• What are the prominent market trends influencing the development of the Home Automation market across different regions?
• What are the major threats and challenges likely to act as a barrier in the growth of the Home Automation market?
• What are the major opportunities the market leaders can rely on to gain success and profitability?

MARKET SEGMENTATION

The home automation market is segmented and analyzed on the basis of product and networking. Based on product, the market is further segmented into entertainment centers, security access control, lighting control, climate control, and outdoor automation system. On the basis of networking, the home automation market is segmented into wired, wireless, and power-line.

The report covers the main drivers in the industry. In addition to the competitive planning in this area, it also provides an in-depth analysis of key growth trends and market prospects in the years to come. The research report also provides a clearer understanding of market trends for all manufacturers and investors.

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