The smart home market is valued at USD 7913 billion in 2020 and is expected to reach USD 31.395 billion by 2026 and grow at a CAGR of 25% over the forecast period (2021-2027). Home automation and smart home are two ambiguous terms used in connection with a wide range of solutions for monitoring, controlling and automating functions in the home. Smart home systems require a smartphone application or web portal as a user interface to interact with the automated system. The scope of this study includes analysis of devices that can be controlled by switches, timers, sensors, and remote controllers apart from other control devices.
A full report of Smart Home Market available at: https://www.orionmarketreports.com/smart-home-market/25175/
The major players covered in the report are Samsung, Robert Bosch GmbH, Schneider Electric, Siemens, Haier Group, Google (A Subsidiary of Alphabet Inc.), General Electric Company (A Subsidiary of General Electric), Resideo Technologies, Inc, ABB, Emerson Electric Co., Johnson Controls, Carrier, Legrand , ADT, Vivint, Inc., Acuity Brands Lighting, INC., The Chamberlain Group, Inc., Brinks Home Security, Sleep Number Corporation, Leviton Manufacturing Co., Inc., Crestron Electronics, Inc., Hanwha Techwin America., Switchmate, Lifi Labs, Inc., Kuna Systems, Lutron Electronics Co., Inc and Nice S.p.A.., among others.
Smart Home Market- Segmentation
By Product:
• Lighting Control
• Security and Access Control
• HVAC Control
• Entertainment and Other Controls
• Smart Kitchen
• Home Appliances
• Smart Furniture
By Software and Service:
• Proactive
• Behavioral
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
