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Global Smart Home Market is further estimated to grow at a CAGR of 13.08% from 2018 to reach USD 124.57 Billion by the year 2023
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ak.gene...@gmail.com
Oct 9, 2018, 7:32:53 AM10/9/18
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GLOBAL SMART HOME MARKET was valued at USD 59.57 Billion in the year 2017.
https://genesismarketinsights.com/Sample_Request/GENRE132
Schneider Electric Se (France), General Electric Company (US), Siemens AG (Germany), Samsung Electronics Co., Ltd. (South Korea), ABB Ltd. (Switzerland), Legrand S.A (France) are some of the key players in the Smart Home Market with General Electric Company holding the significant market share because of its better global presence both at production and at an operational level. Rising research and development expenses to address the changing demand of end users, similarly, growth strategies such as Collaboration between top players like Honeywell and Huawei for developing the smart building projects were adopted. ADT, Vivint, Comcast and AT&T from America and eQ-3, RWE, Verisure and Loxone from Europe are the new entrants which have already established their business in developing smart homes. This suggests that there are growth opportunities for new entrants in the smart home market. Segmentation done on the basis of Application includes Security & Access, Lighting Control, Heating Ventilation & Air Conditioning, Smart Kitchen, Home Healthcare, Home Appliances, Entertainment of which the Lighting Control segment is expected to hold the highest market share during the forecast period. This is increasing due to the investment of government in a smart city project. Peer-to-peer connections between devices for the autonomous functioning of devices are created by this lighting controller.
https://genesismarketinsights.com/Sample_Request/GENRE132
Schneider Electric Se (France), General Electric Company (US), Siemens AG (Germany), Samsung Electronics Co., Ltd. (South Korea), ABB Ltd. (Switzerland), Legrand S.A (France) are some of the key players in the Smart Home Market with General Electric Company holding the significant market share because of its better global presence both at production and at an operational level. Rising research and development expenses to address the changing demand of end users, similarly, growth strategies such as Collaboration between top players like Honeywell and Huawei for developing the smart building projects were adopted. ADT, Vivint, Comcast and AT&T from America and eQ-3, RWE, Verisure and Loxone from Europe are the new entrants which have already established their business in developing smart homes. This suggests that there are growth opportunities for new entrants in the smart home market. Segmentation done on the basis of Application includes Security & Access, Lighting Control, Heating Ventilation & Air Conditioning, Smart Kitchen, Home Healthcare, Home Appliances, Entertainment of which the Lighting Control segment is expected to hold the highest market share during the forecast period. This is increasing due to the investment of government in a smart city project. Peer-to-peer connections between devices for the autonomous functioning of devices are created by this lighting controller.
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