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Global Smart Home Automation Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

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Global Smart Home Automation Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

Global Smart Home Automation Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

  • Published Date: 25 Jul 2020
  • Report ID: ICT&S 0052
  • Pages:174
  • Base Year: 2019
  • Format: PDF
  • Historical Data: 2016-2019

Smart Home Automation is anticipated to have CAGR of ~11.1% over 2019-2028. The smart home automation uses intelligent terminals, which is automation system in order to control home equipment and appliances. The rise in number of internet users and growth in the adoption of smart devices is anticipated to grow in the coming years. The increase in electricity prices would propel the growth in the industry.  The surge in awareness for efficient energy usage would help the industry grow. The growth in technological advancements for automation is anticipated to grow in the near future. The increase in safety & security concerns would boost the adoption of home automation system and hence propel the market in the coming years.

 Top Driver: Surge in number of internet users to boost the industry

Smart Home Automation is projected to grow with the rise in the number of the internet users and growth in adoption of the smart devices would help the industry to flourish in the coming years.  The surge in consumer preference for voice-assisted technologies which includes- Alexa and Google Home, video doorbells, and surveillance systems is anticipated to help the market grow. The Internet of Things connects software algorithms, products, services, and end-users, allowing a smooth flow of data and making real-time decisions.

Behavioral to Make Crucial Contribution to Growth of Global Smart Home Automation Market

Among type segments of the global Smart Home Automation market, behavioral type is expected to gain maximum shares in the forecast period. This owes to the fact that, due to the development of technically advanced and also user-friendly software solutions which are helping the industry to flourish in the coming years. Furthermore, the provision of advanced and real-time services to customers, in combination with rising awareness about minimizing energy consumption within households would help the industry flourish.

Increase in disposable income to Benefit North American Market

North America is experiencing highest revenue growth than any other country and is expected to grow in the coming years. The surge in the disposable income is anticipated to help the industry flourish in the coming years. Furthermore, Asia Pacific region is experiencing highest CAGR in the coming years. This owes to the fact that there is a steep rise in the population in combination with improvement in the standard of living and surge in the disposable income in the region.

Due to outbreak of COVID-19 the government has enforced the lockout situation in majority of the countries. There is a downfall in the revenue shares due the shut-down of the industries in the current scenario. However, the rise in the adoption of smart home automation is observed and would grow significantly.

Players to Focus on advanced Smart Home Automation

The global Smart Home Automation market leaders include Honeywell International Inc., Control4 Corporation, ABB Ltd., Johnson Controls, Legrand SA, Leviton Manufacturing Company, Inc., Ingersoll-Rand plc., Lutron Electronics Co., Inc., Schneider Electric, Crestron Electronics, Inc., and Siemens AG

United Technologies Corporation: In June 2018, United Technologies Corporation (US) introduced the advanced next-generation touchscreen displays for i-Vu building automation systems to aid to build operators better management of their HVAC equipment.

Google: In December 2019, Amazon, Apple, Google, and the Zigbee Alliance entered into a definitive collaboration to form a new working group that will grow and promote the adoption of a novel, royalty-free connectivity standard to surge compatibility among smart home products, with security as an important design tenet.

Amazon: In May 2019, Amazon launched the newest addition to the Echo Show product family, which includes advanced Echo Show 5. Furthermore, along with its compact design, 5.5-inch display, HD camera, rich sound, and built-in camera shutter. It comprises updated smart home controls, customizable morning and evening routines, novel privacy features, and extra visual content.

Scope of the Report

By Software and Services

  • Proactive
  • Behavioral type

By Technology

  • Wireless
  • Cellular
  • Others

By Application

  • Security
  • Entertainment
  • HVAC & Energy Management
  • Lighting
  • Smart Kitchen

By Region

  • North America
  • Europe
  • Asia Pacific
  • LAMEA

Key Reasons to Purchase this Report

  1. It provides a technological development map over time to understand the growth rate of the industry.
  2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
  3. It renders definite analysis for changing competitive dynamics.
  4. It builds a seven-year estimate based on how the market is predicted to grow.

Table of Content

Chapter 1           Overview And Scope

1.1             Market Vision

1.1.1          Market Definition

1.1.2          Market Scope

1.2             Market Segmentation

Chapter 2           Our Research Practice

2.1             Our Research Methodology

2.2             Data Triangulation

2.3             Data Sources

2.4             Assumptions for the study

2.5             Approach Adopted

Chapter 3           Executive Summary

3.1             Market Snapshot

3.2             Regional Snapshot

3.3             Segment Summary

Chapter 4           Covid-19 Impact Analysis

4.1             Overview

4.2             Prevalence analysis

4.3             Key Factor Impact Analysis

Chapter 5           Global Smart Greenhouse Market Forces

5.1             What’s Driving the Market

5.2             Porter’s Five Forces Analysis

5.2.1          Power of Suppliers

5.2.2          Threats From New Entrants

5.2.3          Power of Buyer

5.2.4          Threat From Substitute Product

5.2.5          Degree of Competition

Chapter 6           Global Smart Greenhouse Market -Industry Snapshots

6.1             Overview

6.1.1          Global Smart Greenhouse Market Value, 2019 – 2028, (US$ Bn)

6.2             Market Overview

6.2.1          Drivers Analysis

6.2.2          Restraint/Challenges analysis

6.2.3          Opportunity Analysis

6.3             Supply Chain/Value Chain Analysis

6.4             Market SWOT Analysis

Chapter 7           Global Smart Greenhouse Market Analysis, by Type

7.1             Overview

7.2             Key Findings for Smart Greenhouse Market- By Type

7.2.1          Smart Greenhouse Market- Hydroponics

7.2.2          Smart Greenhouse Market- Non-hydroponics

Chapter 8           Global Smart Greenhouse Market Analysis, by Component

8.1             Overview

8.2             Key Findings for Smart Greenhouse Market- By Component

8.2.1          Smart Greenhouse Market- HVAC Systems

8.2.2          Smart Greenhouse Market- LED Grow Lights

8.2.3          Smart Greenhouse Market- Control Systems & Sensors

Chapter 9           Global Smart Greenhouse Market Analysis, by End User

9.1             Overview

9.2             Key Findings for Smart Greenhouse Market- By End User

9.2.1          Smart Greenhouse Market- Retail Gardens

9.2.2          Smart Greenhouse Market- Commercial Growers

9.2.3          Smart Greenhouse Market- Research & Educational Institutes

9.2.4          Smart Greenhouse Market- Others

Chapter 10       Smart Greenhouse Market Analysis by Region

10.1           Key Findings for Smart Greenhouse Market- By region

10.2           Overview

10.2.1       Global Smart Greenhouse Market Analysis, By Type, 2019 – 2028

10.2.2       Global Smart Greenhouse Market Analysis, By Component, 2019 – 2028

10.2.3       Global Smart Greenhouse Market Analysis, By End User, 2019 – 2028

10.3           Smart Greenhouse Market – North America

10.3.1       Overview

10.3.2       U.S.

10.3.3       Canada

10.3.4       Mexico

10.3.5       North America Market, By Type

10.3.6       North America Market, By Component

10.3.7       North America Market, By End User

10.4           Smart Greenhouse Market – Europe

10.4.1       Overview

10.4.2       Germany

10.4.3       United Kingdom

10.4.4       France

10.4.5       Italy

10.4.6       Rest Of Europe

10.4.7       Europe Market, By Type

10.4.8       Europe Market, By Component

10.4.9       Europe market by, End User

10.5           Smart Greenhouse Market – Asia Pacific

10.5.1       Overview

10.5.2       China

10.5.3       Japan

10.5.4       India

10.5.5       Rest of APAC

10.5.6       Asia Pacific Market, By Type

10.5.7       Asia Pacific Market, By Component

10.5.8       Asia Pacific Market, By End User

10.6           Smart Greenhouse Market – SAMEA

10.6.1       Overview

10.6.2       Middle East & Africa (MEA)

10.6.3       South America

10.6.4       Rest Of World

10.6.5       South America, Middle East and Africa Market, By Type

10.6.6       South America, Middle East and Africa Market, By Component

10.6.7       South America, Middle East and Africa Market, By End User

Chapter 11       Market Competition Analysis

11.1           Market Share/Positioning Analysis

11.1.1       Market Positioning of Key Vendors, 2019

11.1.2       Key Strategies Adopted by the Leading Players

11.1.3       Recent Developments

Chapter 12       Company Profiles- Snapshot

12.1           Nexus Corporation

12.1.1       Business Fundamentals

12.1.2       Financial Snapshots

12.1.3       Product Portfolio

12.1.4       Recent Developments

12.2           Argus Control Systems Limited

12.3           Certhon

12.4           Rough Brothers, Inc.

12.5           GreenTech Agro LLC

12.6           Netafim

12.7           Sensaphone

12.8           Cultivar Ltd.

12.9           Heliospectra AB

*More than 10 Companies are profiled in this Research Report*

*Financials would be provided on a best efforts basis for private companies”

Chapter 13       Appendix

 

 

 

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