Global Home Automation Industry to Post 11.4% CAGR to 2022, Informs Lucintel in Its In-demand Report Available at MarketPublishers.com
16 Nov 2017 • by Natalie Aster
LONDON – The world’s home automation industry has a promising future with attractive opportunities emerging in various end-use sectors including safety and security; heating, ventilation, and air conditioning (HVAC); lighting control; entertainment, etc.
In the years to come, the global home automation industry is set to increase at a healthy CAGR of 11.4% to hit the USD 75.2 billion mark by 2022-end. Some of the key forces stimulating the growth of the market encompass surging demand for simplicity and personalised experience from customers, rising awareness about security and safety, and the adoption of cloud technologies.
Emerging trends comprise the growing demand for IoT technology in home automation systems, video enabled drone development, and the ongoing progress in security technology products like intelligent cameras and different detectors and sensors.
Honeywell, Siemens AG, DT Corporation, United Technologies Corporation, Control4 Corporation, Johnson Control, Acuity Brands, Monitronics International, AMX, and Vivint, among others, are the promising players in the marketplace.
In-demand research publication “Growth Opportunities for the Global Home Automation Market” drawn up by Lucintel provides an insightful picture of the market performance worldwide.
The report offers detailed market size (by value shipment) and forecast for the world home automation market till 2022 by installation type, application, technology, and region. It sheds light on the prevailing market trends, by segments and region-wise. The study provides comprehensive insights into the key factors that impact the market growth, identifies the likely threats and growth opportunities in various applications and regions. Furthermore, the report throws light on the development of novel products, M&A activity, and the competitive scenario in the world home automation market. It includes a discussion of the top players in the industry, their strategic initiatives, market shares, product portfolios, etc.
More in-demand research reports elaborated by Lucintel are available at the publisher’s page at MarketPublishers.com.