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NORTH AMERICA SMART HOME MARKET FORECAST 2019-2027

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NORTH AMERICA SMART HOME MARKET FORECAST 2019-2027

 The North America smart home market is the largest of its kind in the world due to government energy management initiatives such as the installation of smart grids and smart meters. The CAGR for the North American smart homes market is projected at 10.51% for the forecast period of 2019-2027. North America smart home market will continue to escalate in terms of revenue, which is expected to reach up to $xx million by 2027.

NORTH AMERICA SMART HOME MARKET FORECAST 2019-2027

North America Smart Homes Market by Products(Security, HVAC, Lighting Controller, Entertainment, Energy Management, Home Health, Others) by Services(Installation and Repair, Customization) & by Geography

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The North American market for smart homes is the largest of its kind in the world due to government energy management initiatives such as the installation of smart grids and smart meters. The CAGR for the North American smart homes market is projected at 10.51% for the forecast period of 2019-2027.

North America Smart Homes Market

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North America smart home market will continue to escalate in terms of revenue, which is expected to reach up to $xx million by 2027. Increasing crime rates and supportive government initiatives are identifiable as market drivers. The use of appliances for entertainment constitutes a major part of the demand for smart homes from the consumer segment in the region. The North American market is dominated by the U.S. and Canada, wherein U.S. constitutes the bulk of the total revenue of the North American market. The major players in the smart homes market in this region are Creston, Honeywell, AMX and Control 4. Entertainment is the second-fastest growing market in the U.S.

Leading market players involved in smart home market are Crestron Electronics Inc, Emerson Electric Co., Ee Limited,Lg Electronics Inc., Abb Ltd., Blue Line Innovations Inc, Samsung Electronics Co. Ltd., United Technologies Corporation. Johnson Controls Inc., Schneider Electric Se, Centrica Connected Home Limited, Century Technologies Corp, Solatube International Inc, Honeywell International Inc., Siemens Ag and Control4 Corporation.

 

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    1. RESEARCH SCOPE
      • STUDY GOALS
      • SCOPE OF THE MARKET STUDY
      • WHO WILL FIND THIS REPORT USEFUL?
      • STUDY AND FORECASTING YEARS
    2. RESEARCH METHODOLOGY
      • SOURCES OF DATA
        • SECONDARY DATA
        • PRIMARY DATA
      • TOP-DOWN APPROACH
      • BOTTOM-UP APPROACH
      • DATA TRIANGULATION
    3. EXECUTIVE SUMMARY
      • MARKET SUMMARY
      • KEY FINDINGS
        • ENERGY MANAGEMENT PRODUCTS IS ESTIMATED TO BE FASTEST GROWING SEGMENT BY PRODUCT
        • INSTALLATION & REPAIR SERVICE TO HOLD LARGEST MARKET SHARE
        • ADOPTION OF SMART HOMES WILL RISE WITH GROWTH OF CLOUD TECHNOLOGY
    1. MARKET DYNAMICS
      • TIMELINE OF SMART HOME TECHNOLOGY
      • MARKET DEFINITION & SCOPE
      • MARKET DRIVERS
        • SWELLING AGEING POPULACE
        • INCREASED CRIME RATES
        • INITIATIVES BY THE GOVERNMENT
        • INTENSIFYING ADOPTION TARIFFS
        • GROWING URBANIZATION & INFRASTRUCTURE PROJECTS
      • MARKET RESTRAINTS
        • ABSENCE OF AWARENESS
        • LACK OF COMMON STANDARDS
        • HIGH PRICE OF THE SMART HOMES PRODUCTS
        • THREAT OF CYBER ATTACKS
        • PRIVACY CONCERNS
      • MARKET OPPORTUNITY
        • SMART CITY PROJECTS IN DEVELOPING COUNTRIES
        • INCREASING AWARENESS OF HOME AND PERSONAL ELECTRONIC GADGETS
        • RISING SPENDING POWER
        • GROWING INTERNET OF THINGS (IOT) APPLICATIONS
      • MARKET CHALLENGES
        • ANXIETIES ABOUT CONSUMER DATA PRIVACY
        • COMPLEX INSTALLATION PROCEDURE OF SMART DEVICES
        • LACK OF INTEROPERABILITY
        • COMPLEXITIES IN DATA COLLECTION & MANAGEMENT
    1. MARKET BY PRODUCT
      • SECURITY
      • HEATING, VENTILATION, AND AIR CONDITIONING (HVAC)
      • LIGHTING CONTROLLERS
      • ENTERTAINMENT
      • ENERGY MANAGEMENT
      • HOME HEALTH
      • OTHERS
    2. MARKET BY SERVICE
      • INSTALLATION & REPAIR
      • CUSTOMIZATION
    3. KEY ANALYTICS
      • PORTER’S FIVE FORCE MODEL
        • THREAT OF NEW ENTRANTS
        • THREAT OF SUBSTITUTES
        • BARGAINING POWER OF SUPPLIERS
        • BARGAINING POWER OF BUYERS
        • THREAT OF RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
    4. GEOGRAPHICAL ANALYSIS
      • UNITED STATES
      • CANADA
    5. COMPANY PROFILES
      • ABB Ltd.
      • BLUE LINE INNOVATIONS INC
      • CENTRICA CONNECTED HOME LIMITED
      • CENTURY TECHNOLOGIES CORP
      • CONTROL4 CORPORATION
      • CRESTRON ELECTRONICS INC
      • EE LIMITED
      • EMERSON ELECTRIC CO.
      • HONEYWELL INTERNATIONAL INC.
      • JOHNSON CONTROLS, INC.
      • LG ELECTRONICS, INC.
      • SAMSUNG ELECTRONICS CO., LTD.
      • SCHNEIDER ELECTRIC SE
      • SIEMENS AG
      • SOLATUBE INTERNATIONAL INC
      • UNITED TECHNOLOGIES CORPORATION
      • VODAFONE GROUP PLC

    TABLE LIST

    TABLE 1:      TECHNOLOGIES USED IN A HOME AREA NETWORK

    TABLE 2:      NORTH AMERICA SMART HOME MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

    TABLE 3:      NORTH AMERICA  SMART HOME MARKET, BY TYPE, 2019-2027, (IN $ MILLION)

    TABLE 4:      NORTH AMERICA  SMART HOME MARKET, BY SERVICES, 2019-2027, (IN $ MILLION)

    TABLE 5:      OPPORTUNITY MATRIX

    TABLE 6:      VENDOR LANDSCAPE

    TABLE 7:      NORTH AMERICA SMART HOME MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

    FIGURE LIST 

    FIGURE 1:    TIMELINE OF SMART HOME TECHNOLOGY

    FIGURE 2:    KEY COUNTRIES BY CRIME INDEX

    FIGURE 3:    PERCENTAGE OF URBAN POPULATION ACROSS MAJOR GEOGRAPHIES, 2017

    FIGURE 4:    KEY COUNTRIES AFFECTED BY CYBERCRIME

    FIGURE 5:    NORTH AMERICA  SMART HOME PRODUCT MARKET, BY SECURITY, 2019-2027 (IN $ MILLION)

    FIGURE 6:    NORTH AMERICA  SMART HOME MARKET, BY HEATING VENTILATION AND AIR CONDITIONING, 2019-2027 (IN $ MILLION)

    FIGURE 7:    NORTH AMERICA  SMART HOME MARKET, BY LIGHTING CONTROLLERS, 2019-2027 (IN $ MILLION)

    FIGURE 8:    NORTH AMERICA  SMART HOME MARKET, BY ENTERTAINMENT, 2019-2027 (IN $ MILLION)

    FIGURE 9:    NORTH AMERICA  SMART HOME MARKET, BY ENERGY MANAGEMENT, 2019-2027 (IN $ MILLION)

    FIGURE 10:  NORTH AMERICA  SMART HOME MARKET, BY HOME HEALTH, 2019-2027 (IN $ MILLION)

    FIGURE 11:  NORTH AMERICA  OTHER SMART HOME MARKET, 2019-2027 (IN $ MILLION)

    FIGURE 12:  NORTH AMERICA  SMART HOME MARKET, BY INSTALLATION & REPAIR, 2019-2027 (IN $ MILLION)

    FIGURE 13:  NORTH AMERICA  SMART HOME MARKET, BY CUSTOMIZATION, 2019-2027 (IN $ MILLION)

    FIGURE 14:  PORTER’S FIVE FORCE ANALYSIS

    FIGURE 15:  VALUE CHAIN ANALYSIS

    FIGURE 16:  NORTH AMERICA SMART HOME MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

    FIGURE 17:  UNITED STATES SMART HOME MARKET, 2019-2027 (IN $ MILLION)

    FIGURE 18:  CANADA SMART HOME MARKET, 2019-2027 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS
      • UNITED STATES
      • CANADA
    2. MARKET BY PRODUCT
      • SECURITY
      • HEATING, VENTILATION, AND AIR CONDITIONING (HVAC)
      • LIGHTING CONTROLLERS
      • ENTERTAINMENT
      • ENERGY MANAGEMENT
      • HOME HEALTH
      • OTHERS
    3. MARKET BY SERVICE
      • INSTALLATION & REPAIR
      • CUSTOMIZATION

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