A recent report published by The Business Research Company on Smart Home Devices Market provides in-depth analysis of segments and sub-segments in the global as well as regional.
The global smart home devices market was valued at about $46.59 billion in 2018 and is expected to grow to $104.54 billion at a CAGR of 22.4% through 2022.
The smart homes devices market consists of sales of smart home appliances and devices. Smart home devices are controlled remotely from any internet-connected place in the world using a mobile or any other network devices. Appliances of the smart homes are interconnected in such a manner that the user gets the access to control the functions such as security check to the home, temperature, lighting, and home theatre.
Major players in the market are ABB Ltd, General Electric Company, Johnson Controls, Inc., Siemens AG, Schneider Electric SE
The rise in the need to save energy and decrease carbon emission drives the smart home devices market. This increase in the need for sustainable solution has been initiated by strict government regulations that introduced a cap on maximum carbon emissions allowed for each company. Conventional devices continuously use electricity until someone turns them off. However, in the case of smart home devices, they are equipped with motion sensors which can detect the absence of people in the room for given time and automatically turn off, thus saving money and electricity.
The smart home devices are regulated by government bodies such as National Institute of Standards and Technology (NIST), European Telecommunications Standards Institute (ETSI), and others. The ETSI Cybersecurity Technical Committee (TY Cyber) released ETSI TS 103 645 standard to keep a security baseline for all the internet user product.
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Few Points From Table Of Content
- Executive Summary
- Smart Home Devices Market Characteristics
- Smart Home Devices Market Size And Growth
- Smart Home Devices Market Segmentation
- Smart Home Devices Market Regional And Country Analysis
- Asia-Pacific Smart Home Devices Market
- China Smart Home Devices Market
- India Smart Home Devices Market
- Japan Smart Home Devices Market
- Australia Smart Home Devices Market
- Indonesia Smart Home Devices Market
- South Korea Smart Home Devices Market
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