Global smart homes & buildings market report published by Accurize Market Research forecast that the global market is expected to reach $146 billion by 2025; growing at a CAGR of 32.1% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

Request Sample:
https://www.accurizemarketresearch.com/report/smart-homes---buildings-market/sample-request

Rising energy cost as well as increasing government rules & initiatives to drive the growth of the market

Rising energy cost as well as increasing government rules & initiatives fuels the demand for the global smart homes & buildings market. Moreover, increasing the requirement for integrated security & safety solutions also boosts the growth of the market.

Market Segmentation

The global smart homes & buildings market has been bifurcated on the basis of product, technology, application, end-user, and geography. The market is segmented by product as safety & security products/devices (surveillance cameras, door locks, smoke detectors & fire sprinklers), controllers (light sensors, motion sensors, CO2 sensors, dimmers, timers, and energy-efficient lights), and home appliance & entertainment controllers (thermostats, remote controls, & smart plugs and energy monitors). The technology comprises Bluetooth, Zigbee, RFID, GSM/GPRS, and Wi-Fi. Further, the market is segmented by application as energy management, lighting control, HVAC control, appliances & entertainment control, safety & security, and home healthcare & child safety. By end-user, the market is classified into residential users (individual homes, residential buildings & housing societies), commercial users (corporate offices, industrial production units, healthcare facilities, retail outlets, and convenience stores, & hotels & restaurants), and government organizations.

By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). North America is further bifurcated into the U.S., Canada, and Mexico whereas Europe segment consists of UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into China, Japan, India, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, the Middle East, and Africa.

Customize Report:
https://www.accurizemarketresearch.com/report/smart-homes---buildings-market/ask-for-customization

“Controllers accounted for the largest market share in the product segment", says Accurize

By product segment, controllers accounted for the largest market share in 2017and are expected to continue its dominance during the forecast period 2017 – 2025. The growth is accredited to the capabilities of controllers such as lower electricity consumption in homes by means of sensors adjustment of the intensity of artificial light as per the intensity of natural light.

Moreover, in the technology segment, Wi-Fi accounted for the largest market share in 2017. The growth is attributed to the huge demand of Wi-Fi, high-quality wireless & smart home facilities along with the fact that smart home technology performs finest with Wi-Fi.
“HVAC control accounted for the largest market share in the application segment", says Accurize

By application segment, HVAC control accounted for the largest market share in 2017. The growth is accredited to the high rate of implementation of HVAC control application in the smart homes & buildings across the world.

“North America dominated the global market with the highest market share over the forecast period", says Accurize

In 2017, North America dominated the global market with the largest market share of 39.3% and is expected to continue its dominance throughout the forecasted period. The growth is attributed to improved home security levels, high demand about dependable home energy management systems, as well as the rising popularity of incorporation of smart devices like smartphones & tablets in smart home solutions.

Top players in the market

The key market players include Schneider Electric, Siemens AG, Emerson Electric Co., Smarthome, Inc., Honeywell International Inc., Control4 Corporation, Cisco Systems, Inc., Hitachi, Ltd., Delta Controls, and Ingersoll-Rand plc among others.