Americas Smart Homes Market Worth $22.4 Billion by 2020
DALLAS, December 3, 2013
DALLAS, December 3, 2013 /PRNewswire/ --
According to a new market research report " Americas Smart Homes Market by
Product (Security, Access, Lighting, Entertainmen t, Energy Management, HVAC,
Ballast & Battery Pack), Service (Installation & Repair, Renovation &
Customization) and Geogra phy - Analysis & Forecast (2013 - 2020) .",
published by MarketsandMarkets, the total market for the Americas smart homes
market will be worth $22.4 billion by 2020, at an estimated CAGR of 17.62%.
Browse 101 market data tables with 72 figures spread through 370 pages and
in-depth TOC on "Americas Smart Homes Market - Analysis & Forecast (2013 -
Early buyers will receive 10% customization on this report.
Smart homes symbolize buildings furnished with intelligent systems and
communication standards and protocols that present the occupant with a higher
level of comfort and control, which was not possible in the traditional homes.
The Americas Smart Homes Market covers the entire industry on the basis of
products, services, and geography. The products section covers security &
access control, entertainment systems, lighting control, HVAC control, and
home health systems; along with their current and future estimations. Security
services occupy the largest market share in the Americas market whereas it is
lighting control that is projected to grow at the fastest CAGR in the forecast
period. The services section covers installation & maintenance, and renovation
& customization. The geographical analysis covers the U.S., Canada, Mexico,
Brazil, and Argentina.
The major drivers for the global smart homes market are energy efficient smart
lighting devices, advancements in digital analytics platforms, and the rising
incidences of chronic diseases. The major barriers affecting smart home
systems include the lack of consumer awareness, and inability of the security
systems installed in the smart homes to prevent crimes.
The major companies involved in the global smart homes industry are Control4
Corporation (U.S.), Lutron Electronics (U.S.), Crestron Electronics (U.S.),
Vivint Inc (U.S.), and more. The U.S. will remain the leading market for the
Americas smart homes throughout the forecasted period due to its high adoption
rate of smart homes; as its economy recovers in a phased manner along with
continuous technological developments.
Browse Related Reports
Smart Homes Market - by Products (Security, Access, Lighting, Entertainment,
Energy Management Systems, HVAC, and Ballast & Battery Pack), Services
(Installation & Repair, Renovation & Customization) and Geography - Analysis &
Global Forecast (2013 - 2020)
Home Automation & Controls Market by Product (Lighting Control, Security
Control, Access Control, HVAC Control, Entertainment Control, Outdoor Control,
Communication Protocols, Standards & Data Distribution) & Geography (2013 -
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