Smart Homes Market Trends and Forecast 2017 - 2025

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Smart Homes Market to Expand with Signi몭cant CAGR during 2025 Date: March 4, 2022 Author: Tech News

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The global smart homes market is envisaged in a report by Transparency Market Research (TMR) to witness a moderate degree of competition due to the presence of a small number of players. However, the factor of high pro tability could encourage more players to enter the global smart homes market during the forecast period 2017-2025. Merger and acquisition and constant improvement of product portfolio are expected to see high adoption among players to gain a stronger share of the global smart homes market. Some of the leading players of the global smart homes market are Schneider Electric SE, Johnson Controls, Inc., and Honeywell International, Inc. TMR envisions the global smart homes market to post a 14.6% CAGR to reach a US$97.61 bn in valuation by 2025. In 2016, the global smart homes market was valued at a US$30.02 bn. Among applications, HVAC control could bag a colossal share of the global smart homes market by the end of the forecast period. In 2016, it collected a 27.2% share of the global smart homes market.

From a geographical standpoint, the smart homes market is foreseen to nd

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North America taking its command in terms of revenue growth. In 2016, the regional smart homes market accounted for a 38.7% share. Download Sample Report: https://www.transparencymarketresearch.com/sample/sample.php? ag=S&rep_id=163 Rising Need to Save Energy and Enable Automation at Homes to Boost Growth

The global smart homes market is predicted to gain momentum in its growth because of the rising adoption of IoT. Urban populations showing an increasing inclination toward home automation for saving energy could set the tone for valuable growth in the global smart homes market. On the other hand, reducing prices of processors and sensors is expected to improve the demand in the global smart homes market. The growing need to improve home security, high focus on enabling ease of living, and rising disposable income of people could create several opportunities in the global smart homes market. The advent of high-speed internet and increasing demand for Wi-Fi connectivity are prophesied to provide a llip to the global smart homes market. Besides North America, Europe could witness a strong rise in the demand for smart homes owing the need to reduce energy consumption and presence of a signi cant count of industries in the region. Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php? ag=B&rep_id=163 Extortionate Cost of Smart Home Services to Provide Headwinds to Market

The requirement of constant maintenance and expensive cost of various tools and services are forecast to hamper the demand for smart homes. Rising number of privacy issues and cases of security breach could make up another factor dampening the growth of the global smart homes market. However, improving adoption of power line communication technology is prognosticated to bolster the global smart homes market. On the other hand, the need to improve energy ef ciency and enhance entertainment, security, lighting controls, and other applications in residences could augment the demand in the global smart homes market. Get COVID-19 Analysis @ https://www.transparencymarketresearch.com/sample/sample.php? ag=covid19&rep_id=163 The information presented here is based on a TMR report titled “Smart Homes Market (Application – Lighting Control, Security and Access Control, HVAC Control, and Entertainment Control) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.” The global smart homes market is segmented as presented below: Global Smart Homes Market by Application Lighting Control Security and Access Control HVAC Control Entertainment Control Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php? ag=EB&rep_id=163 About Us

About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail exible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the uni ed market intelligence engine. Sign Up for a 7 day free trial! Contact Rohit Bhisey Transparency Market Research USA – Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Blog: https://tmrblog.com/ Follow Us: Twitter | LinkedIn