Smart Homes Market: demand for intelligent homes and security applications

Smart house is a modern house with all features of any house such as lighting, air conditioner, temperature control, security and others that can be controlled with a home controller or mobile device. Many companies are investing huge capital for development of smart housing facilities and equipment. There is high scope for the growth of the Smart Homes Market in various regions across the globe during 2015-2020.

Scope and Regional Forecast of the Smart Homes Market:

North America is the leading region in the Smart Homes Market with huge scope for house smart apps adoption by the population. Many companies in this market are present in this region as per the IndustryARC studies. The US is the major investor of this market and anticipated to show high growth during 2015-2020.

According to the IndustryARC research analysis studies on the Smart Homes Market, many companies are investing for improvising homes smart application for high security and comfort environment within the home. Europe is expected to have steady growth in this market with growing demand for intelligent house during 2015-2020.

Asia Pacific is expected to have significant growth in the Smart Homes Market. The growing investment for smart home applications, improving life standards of living of population in this region and demand are the major factors driving this market during 2015-2020.

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Segmentation and Key Players of the Smart Homes Market:

The Smart Homes Market is segmented into various categories in the IndustryARC marketing research report by system type, by standard, by end use type and by geography as follows:

By system type: Security Systems (Alarm Systems, Biometric Systems (Face, Fingerprint, Iris, Voice Recognition and others) and Surveillance Systems),  HVAC (Thermostats, Sensors (Temperature, Humidity and Pressure), Energy Management, Climate Control and Smart Windows), Entertainment (Home Theater Systems, Smart Entertainment) and Lighting (Smart Lighting Controls, Integrated Power Management and Sensors (Occupancy, PID and others)

By standard: Communication Protocols (DALI, KNX, NEMA, BACNET, Lon Works and others), Wireless Standards (ZigBee, Enocean, Z-Wave, Wi-Fi and others)

By end use type: Commercial Buildings, Residential, Governmental, Industrial and others

By geography: North America, South America, Europe, Asia Pacific and ROW

The key players in the Smart Homes Market according to the IndustryARC research report are as follows:

  • Honeywell International (U.S)
  • Hitachi (Japan)
  • Emerson Electric (U.S)
  • CISCO (U.S)
  • Delta controls (Canada)

The Smart Homes Market is a high potential market with high demand for smart house solutions and smart house design for comfortable lifestyle by the population in various regions across the globe. This market is expected to have high growth due to the growing R&D investment for residential automation by companies, rising awareness about living smart homes among the population and high capital expenditure for development of house remote control devices and equipment during 2015-2020.

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