The Global Smart Home Market Using 2019 as the base year and the projection period of 2021–2028, a research report is a detailed document covering the most current advancements and changes in the business sector of smart homes. During the projected period, expanding government initiatives for smart city projects and green buildings are anticipated to propel market expansion for smart homes. The research provides insightful information on the industry's size, share, sales channels, distribution system, market segmentation, consumer needs, market trends, and growth prospects.
The market's expansion on a national and international level is also covered in the study. Smart appliances like smart refrigerators, smart air conditioners, and smart washing machines are becoming more widely used, which improves energy efficiency. Smart buildings are becoming more popular as a result of growing need to reduce harmful environmental consequences and maximize resource use.
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It also sheds light on the collaborations in the competitive landscape, such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, corporate and government deals, licensing agreements, and others.
Key companies profiled in the report include:
Honeywell,
Siemens,
Johnson Controls,
Schneider Electric,
Amazon,
Apple Inc.,
ADT Security Services,
Robert Bosch,
Assa Abloy, and
ABB
Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.
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Consumers are increasingly adopting smart home systems as these allow monitoring and control of energy usage more efficiently. Home automation systems allow homeowners to control their appliances with the help of smartphone apps and eliminate power consumption of unattended appliances and devices when not in use.
Emergen Research has segmented the global smart home market on the basis of software and service, product, and region:
Software and Service Outlook (Revenue, USD Billion; 2018–2028)
- Behavioral
- Proactive
Product Outlook (Revenue, USD Billion; 2018–2028)
- Energy Management
- Lighting Systems
- Security & Surveillance
- HVAC Control
- Entertainment Control
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