Smart Homes Market 2020 Forecasts: Americas, APAC & Europe Analysis
DALLAS, June 5, 2014 /PRNewswire/ --
RnRMarketResearch.com offers Smart Homes Market by Products (Security, Access, Lighting, Entertainment, Energy Management Systems, HVAC, and Ballast & Battery Pack), Services (Installation & Repair, Renovation & Customization) research reports for APAC, Europe and Americas in its store.
APAC smart homes market is expected to have a stable growth in coming years, with the revenue growth estimated to reach $9.23 billion by 2020, at an estimated CAGR of 16.73% from 2013 to 2020. The APAC region accounted for 19% of the global smarty homes market revenue in 2012. The major players in the APAC smart homes market operating through their subsidiaries spread across the region, include; Siemens AG (Germany), Schneider Electric S.A. (France), ABB Ltd. (Switzerland), Ingersoll-Rand PLC (Ireland), Tyco International Ltd. (Switzerland), Emerson Electric Co. (U.S.), Legrand S.A. (France), Crestron Electronics, Inc. (U.S.) , Lutron Electronics, Inc. (U.S.), Honeywell International, Inc. (US), Samsung SNS Co. Ltd. (South Korea) and more. Complete report on APAC Smart Homes Market by Products (Security, Access, Lighting, Entertainment, Energy Management Systems, HVAC, and Ballast & Battery Pack), Services (Installation & Repair, Renovation & Customization) & Country - Analysis & Forecast (2013-2020) is available at http://www.rnrmarketresearch.com/apac-smart-homes-market-by-products-security-access-lighting-entertainment-energy-management-systems-hvac-and-ballast-battery-pack-services-installation-repair-renovation-customizatio-market-report.html .
The total European smart homes market is expected to reach $13.81 billion by 2020 at a double digit CAGR from 2013 to 2020.Some of the key players in this market include Siemens AG (Germany), Schneider Electric S.A. (France), ABB Ltd. (Switzerland), Ingersoll-Rand PLC (Ireland), Tyco International Ltd. (Switzerland), Legrand S.A. (France), Hager Holdings GmbH (Germany), Albrecht Jung GmbH& CO. KG (Germany), Control4 (US), and Tyco International Ltd. (Switzerland). The major drivers for the European smart homes market are the regulatory initiatives and the mandatory measures taken by European Union (EU), and the comfort and the security ensured by the smart homes systems. Also, the foray of smart electronic appliances such as washing machine, refrigerators, air-conditioner, vacuum cleaner, smart TV, and more; into the smart home eco-system, is expected to drive the market, furthermore. The major restraints for the European smart homes market are the lack of standardization and high costs of the smart homes systems. Complete report on European Smart Homes Market by Products (Security, Access, Lighting, Entertainment, Energy Management Systems, HVAC, and Ballast & Battery Pack), Services (Installation & Repair, Renovation & Customization) & Country - Analysis & Forecast (2013 - 2020) is available at http://www.rnrmarketresearch.com/european-smart-homes-market-by-products-security-access-lighting-entertainment-energy-management-systems-hvac-and-ballast-battery-pack-services-installation-repair-renovation-customiz-market-report.html .
The growth of the Americas smart homes market in the coming years is expected to be remarkable, with the revenue growth estimated to reach $22.4 billion by 2020, at an estimated CAGR of 17.62% from 2013 to 2020. The major players in the smart homes industry are Emerson Electric Co. (U.S.), United Technologies (U.S.), Crestron Electronics, Inc. (U.S.), Lutron Electronics, Inc. (U.S.), Control4 Corporation (US), and Universal Devices Inc (U.S.). The U.S., currently, leads the market share as this region has the maximum adoption of smart homes systems. In South America, Brazil is expected to emerge as a new destination for the smart homes market as there has been a fresh flow of FDI money flowing in the country, which is projected to continue to flow owing to the two major global events that are lined up in the country in the coming years; namely the "Football World Cup" in 2014 and the "Olympics" in 2016. Complete report on Americas Smart Homes Market by Product (Security, Access, Lighting, Entertainment, Energy Management, HVAC, Ballast & Battery Pack), Service (Installation & Repair, Renovation & Customization) and Geography - Analysis & Forecast (2013 - 2020) is available at http://www.rnrmarketresearch.com/americas-smart-homes-market-by-product-security-access-lighting-entertainment-energy-management-hvac-ballast-battery-pack-service-installation-repair-renovation-customization-and-geo-market-report.html .
China, currently, leads the market share for APAC smart homes as this region has the maximum adoption. South East Asia countries from Others market are the emerging market for smart homes and are poised for the highest growth rate amongst all the countries followed by China growing at a CAGR of 17.50% from 2013-2020. It is estimated that the Others market will increase at a CAGR of 19.13% from 2013 to 2020.
This report covers recent developments in the smart homes industry, such as; Honeywell International, Inc. announced an agreement to acquire Saia-Burgess Controls, a leading provider of intelligent building controls, from Hong Kong-based Johnson Electric in 2012, Legrand S.A. acquired Numeric UPS, a market leader in India's low- and medium-power UPS in 2012.Several other recent developments and updated information about acquisitions, mergers, and new product launches and agreements conducted recently are also discussed in the report available for purchase at http://www.rnrmarketresearch.com/contacts/purchase?rname=132890 .
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