Good Dwelling Market Dimension, Share, Progress and International Evaluation for Demand, Alternative, Key Gamers, Regional Improvement and Forecast 2023-2029
According to a market research study published by Intelligence Market Report, the global smart home market will grow by US$205 billion between 2022 and 2028, reaching a CAGR of 21.3% during the forecast period
This press release was originally distributed by SBWire
LONDON, UK – (SBWIRE) – 01/18/2023 – Scope and overview of the smart home market
The global smart home market has witnessed remarkable growth over the past few years and is expected to continue growing in the years to come. Smart homes are equipped with automated and intelligent technologies that allow users to manage their homes more effectively and efficiently. Consumers are increasingly opting for smart home solutions, driven by the availability of advanced technologies and the desire for greater convenience.
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Major Players Covered in Smart Home Market Report are:
Crestron Middle East FZ LLC,
Emerson Electric Co.,
Haier Group Corporation,
Honeywell International Inc.,
Huawei Technologies Co. Ltd.,
Johnson Controls International plc,
Osram Licht AG,
Schneider Electric SE,
the samsung group,
The Whirlpool Corporation.
From a commercial perspective, the smart home market is driven by increasing demand for energy-efficient and cost-saving features and capabilities. Smart home products aim to significantly reduce a building’s energy bills by automating heating and cooling and controlling electricity consumption. Likewise, smart home solutions can help reduce water consumption by turning off faucets and showers when not in use. These factors create an attractive business opportunity in the global smart home market.
The types of products available on the market are varied, ranging from air conditioning and security systems to lighting and audiovisual solutions. The most widely used smart home solutions include voice-controlled digital assistants, advanced lighting systems, and media streaming services. The increased willingness of consumers to invest in these solutions creates a stable basis for the growth of the smart home market.
Smart Home market segmentation as follows:
segmented by components:
segmented by technology:
Depending on the application:
healthcare and assisted living,
home fitness & wellness,
– Asia Pacific
– North America
– Rest of the World (RoW)
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In addition, the growing popularity of cloud-based services is also driving the growth of the smart home market. Cloud-based services allow consumers to store and access data remotely and automate tasks at home. In addition, the growing market for connected devices also contributes to the growth of the smart home market. Connected devices allow consumers to remotely control their homes and make their lives more convenient.
Looking ahead, the smart home market will continue to see remarkable growth. Major players in the market continue to strengthen their presence by investing in research and development, launching new products and improving customer service. In addition, governments around the world are encouraging the adoption of smart home solutions through various initiatives and regulations. All these factors are expected to have a positive impact on the growth of the smart home market in the coming years.
Table of Contents – Analysis of the main points
Chapter 1. Summary
Chapter 2. Definition and Scope of the Global Market
Chapter 3. Global Market Dynamics
Chapter 4. Analysis of the Global Smart Home Market Industry
Chapter 5. Global Smart Home Market by Type
Chapter 6. Global Smart Home Market by Application
Chapter 7. Global Smart Home Market, Regional Analysis
Chapter 8. Competitive Intelligence
Chapter 9. Analysis of key companies
Chapter 10. Research Process
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