India Home Automation Marketplace to Surpass INR 30,000 Crore by 2022, States Renub Research in Topical Report Available at MarketPublishers.com
16 Mar 2017 • by Natalie Aster
LONDON – India’s home automation marketplace is expected to surpass the INR 30,000 crore mark by 2022-end. Home automation in the country is opening up huge opportunities for both local automation firms and for foreign enterprises alike. To date, residential clients enjoy the largest market share, while when it comes to product categories, the security market takes the lead in the national home automation sector.
The market is being driven by the increase in Internet users in the country, strong income gains and solid expansion of the middle-class population, urban population growth, and the government’s IoT policy framework. However, insufficient inter-operability between various products, overall operational intricacy and security are amid the challenges to the growth of the market.
The major 5 cities such as Delhi-NCR, Pune, Mumbai, Bangalore and Ahmadabad together accounted for over 50% in the overall home automation marketplace.
Larsen & Toubro, Johnson Controls, Schneider Electric, Crestron Electronics, AMX LLC, Silvan Innovation Labs, Home Brain, Pert, and Oakter are the companies that dominate the country’s home automation universe.
Topical research report “India Home Automation Market” elaborated by Renub Research offers an insightful analysis of the home automation market on a national level and casts light on its future potential.
The country’s gives a comprehensive analysis of the home automation market and offers comprehensive forecasts; examines the home automation market shares and forecasts. The report provides an analysis of the home automation market share in the IoT market. The report provides detailed market break-down by product category, end-users, and based on city. The study profiles the established companies and start-ups, as well as discusses their products. The report offers an in-depth analysis of the Indian IoT market and assesses the market share in India’s home automation. Key market drivers and challenges are also provided in the report.
More topical market reports by Renub Research can be found at its page.