The smart homes market is a market comprising of home automation and greener energy. This market has been witnessing tremendous growth due to their efficient energy saving and eco-friendly nature, not only in developed regions of the world, but also in developing countries.

Awareness about the convenience and cost effectiveness offered by these products and services is also increasing the demand for this market. Advanced technologies are proving use of greener energy appliances affordable and time saving.

Portability, customization, ease of use, and automation are the key factors that smart home market players use to differentiate their products and services.

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MARKET TRENDS:
According to IndustryARC research, the smart home equipment and services market is slated to grow at 8% to 10% year on year for the next five years. The market is estimated to reach $68bn by 2018.

Market Driving Factors:
The Major driving factors of the Smart Homes Market, as examined by Industry Arc’s research analysts are:
• Growing safety concerns and improvements in remote technology
• It also creates supplementary growth for all related markets such as smartphones, tablet PCs, and LED-makers.
• It explores the major opportunities for growth, as well as restraints on the smart homes market.
• It promotes growth in the global smart homes market are an ageing population, government initiatives, and the inclusion of top electronics brands.

Geographical Study of the Market:
The market is analyzed based on different geographic regions which includes Americas, Europe, APAC and RoW. The growth rates in the Global market are expected to rise to good scales during the forecast period 2015-2020.

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Notable Applications Brief:
The smart homes market offers a wide range of applications such as residential energy management, entertainment and, lighting control.

REPORT SCOPE:
Market Segmentation:
The Smart Homes Market is broadly segmented into 3 types based on the later given factors. The broad segmentation is further led to a narrower stream of divisions made by experts of IndustryARC and mentioned in this research report.
1. By Type: Security systems, HVAC, Lighting Control Systems, Entertainment.
2. By Standard: DALI, KNX, Wi-Fi, ZigBee, and Enocean.
3. By Geography: Americas, Europe, APAC, and ROW.

Key Market Players:
Few of the top prominent competitors out of the complete list of 40+ companies of the Smart Homes Market which are studied in depth and mentioned in this research report are:
• ABB
• Acuity Brands
• Legrand S.A
• Johnson controls
• Schneider Electric

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