New Jersey, United Kingdom, Nov. 18, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Smart Home Systems Market By Technology (Cellular Network Technologies, Protocols & Standards, Wireless Communication Technologies), By Product (Lighting Control, Security & Access Control, HVAC Control, Media & Entertainment & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026” in its research database
“According to the latest research study, the demand of global Smart Home Systems Market size & share expected to reach to USD 140.2 Billion by 2026 from USD 83.3 Billion in 2020, at a compound annual growth rate (CAGR) of 10.8% during the forecast period 2021 to 2026”
What is Smart Home Systems? Report Overview & Coverage:
Smart homes or home automation involves the process of interconnecting a wider range of devices that function with the association of the Internet in order to organize and regulate several home appliances and systems. They are often deemed as an advanced form of technology that is often used for making home appliances extremely effective and energy-saving. Smart home systems offer comfort, security, and convenience to the user.
Smart home systems help the user to gain access to their home control products from a mobile device over the internet. These systems can be integrated with a wide range of household products ranging from thermostats and sprinkler systems. With the soaring adoption of technology in the home automation sector, home automation products can also be programmed to connect with mobile, tablets, laptops, computers, etc. Smart home systems are used for controlling lights, electrical outlets, HVAC systems, etc. using various pathways. Smart home systems also provide information regarding the security system’s status, HVAC status, etc.
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Our Free Sample Report Includes:
- 2020 Updated Report Introduction, Overview, and In-depth industry analysis
- COVID-19 Pandemic Outbreak Impact Analysis Included
- 195+ Pages Research Report (Inclusion of Updated Research)
- Provide Chapter-wise guidance on Request
- 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of tables & figures
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)
Industry Major Market Players
- ABB Ltd
- Control4 Corporation
- Crestron Electronics Inc.
- Honeywell International Inc.
- Ingersoll-Rand plc.
- Johnson Controls
- Legrand SA
- Leviton Manufacturing Company Inc.
- Lutron Electronics Co.Inc.
- Schneider Electric
- Siemens AG
- ADT
- Robert Bosch
- Delta Controls
Key questions answered in this report:
- What is the projected market size & growth rate of the Smart Home Systems Market?
- What are the key driving factors for the growth of the Smart Home Systems Market?
- What are the top companies operative in Smart Home Systems Market?
- What segments are covered in Smart Home Systems Market?
- How can I get free sample reports/company profiles of the Smart Home Systems Market?
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Market Growth Drivers
The global smart homes systems market is expected to be driven toward a higher market share owing to the rising need for energy-saving demands coupled with the rising adoption of smart devices to name a few. Additionally, factors pertaining to low carbon emission-oriented solutions coupled with rising demand from remote locations in terms of monitoring measures are expected to increase the footprint of the global smart homes systems market during the forecast period. Moreover, increasing disposable income among consumers coupled with the rising urge of people to live in high-end and luxurious homes is expected to boost the global smart homes systems market during the forecast duration.
The global smart homes systems market is expected to be driven by factors pertaining to increased functionality in terms of dimming and closing lights and curtains, automatically lighting up exit routes, regulating security cameras and utility meters to name a few. Additionally, the rising adoption of smartphones and rising connectivity measures are expected to fuel the global smart homes systems market during the forecast period. However, the higher cost of switching to smart device consumers is expected to decrease the market share for the global smart homes systems market during the forecast period.
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Global Smart Home Systems Market: Report Scope
| Report Attribute | Details |
| Market Size 2020 Value | USD 83.3 Billion |
| Market Forecast for 2026 | USD 140.2 Billion |
| Expected CAGR Growth | CAGR 10.8% from 2021-2026 |
| Base Year | 2020 |
| Forecast Year | 2021-2026 |
| Top Market Players | ABB Ltd, Control4 Corporation, Crestron Electronics, Inc., Honeywell International, Inc., Ingersoll-Rand plc., Johnson Controls, and Others |
| Segments Covered | Technology, Products, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Pricing Options | Request customized purchase options to meet your research needs. Explore purchase options |
Market Segmentation
The global smart homes systems market is divided into cellular network technologies, protocols & standards, and wireless communication technologies on the basis of technology. The wireless communication technologies segment is expected to witness the largest and the fastest-growing CAGR during the advent of the forecast owing to a less invasive setup coupled with lower setup costs to name a few. Additionally, increasing convenience measures coupled with the rising adoption of wireless-based communications measures are expected to cement the latter’s position during the advent of the forecast. The global smart homes systems market is divided into lighting control, security and access control, HVAC control, media & entertainment, and others on the basis of product. The security and access control category is expected to witness the largest market share during the advent of the forecast owing to increased adoption of the internet of things (IoT) and the integrated controls for a variety of functions to name a few. Moreover, increased functionality of such solutions in the consumer’s smartphones coupled with system scalability and easy extension measures is expected to cement the segment’s position during the forecast period.
Browse Detail Report on, Global Smart Home Systems Market Size & Share Report, 2021-2026
Also Read, Press Release on Smart Home Systems Market 2021-2026
Regional Dominance:
North America is expected to witness the largest market share during the advent of the forecast owing to a well-established manufacturer's overview coupled with an ever-increasing consumer base to name a few. Additionally, the region is home to increased adoption of cellular-based communication coupled with increasing disposable income among consumers is expected to increase the footprint of the smart homes systems market during the forecast period. Asia-Pacific is expected to occupy a substantial market share during the advent of the forecast owing to the region being the home to several macroeconomic stimulus conditions coupled with the rising adoption of innovative technologies. The growing geriatric population coupled with rising investment opportunities is further expected to boost the smart homes systems market during the advent of the forecast.
Browse the full “Smart Home Systems Market By Technology (Cellular Network Technologies, Protocols & Standards, Wireless Communication Technologies), By Product (Lighting Control, Security & Access Control, HVAC Control, Media & Entertainment & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026" report at https://www.fnfresearch.com/smart-home-systems-market-by-system-lighting-control-506
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This report segments the Smart Home Systems Market as follows:
Global Smart Home Systems Market: By Technology Segment Analysis
- Cellular Network Technologies
- Protocols & Standards
- Wireless Communication Technologies
Global Smart Home Systems Market: By Product Segment Analysis
- Lighting Control
- Security & Access Control
- HVAC Control
- Media & Entertainment
- Others
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