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<br>The home automation market was valued at US$62.471 billion in 2018 and is anticipated to grow at a CAGR of 11.86% to reach a market size of US$122.391 billion by 2024. Home automation is <br>utilization of intelligent terminals, which is automation system to control home appliances and equipment.
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Home Automation Market Forecasts From 2019 To 2024
DESCRIPTION he home automation market was valued at US$62.471 billion in 2018 and is anticipated to grow at a CAGR of 11.86% to reach a market size of US$122.391 billion by 2024. Rapid mobile connectivity, rising awareness for low power consumption devices, technological advancement, change in consumer lifestyle, rising security concern, and favorable government regulations are the major drivers of the home automation market. In addition, the growth in the IoT market and construction industry are fueling demand for the home automation market.
Key Questions Answered By The Report • What will Home Automation Market from 2019 to 2024? • How are the major drivers and restraints affecting the Global Cargo Inspection Market • growth and the opportunities which exist for key vendors? • Which segment and region will drive or lead the market growth and why? • A comprehensive analysis of competitive landscape and key market participant’s behavior • Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
Geography • North America • USA • Canada • Mexico • South America • Brazil • Argentina • Others
Geography • Europe • Germany • France • United Kingdom • Spain • Others • Middle East and Africa • Saudi Arabia • Israel • Others
Geography • Asia Pacific • China • Japan • India • South Korea • Others
Segments Covered Under Global Storage • By Application • Lighting • Safety and Security • Access control • Entertainment • HVAC • Others • By Network Technology • Wired • Wireless
COMPANY PROFILES • Schneider Electric • Legrand • ABB • Honeywell International Inc. • Siemens • Johnson Controls • Control4 Corporation • Crestron Electronics, Inc. • Lutron Electronics Co., Inc • Savant Systems LLC
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