Home Automation System Market worth US$ 79.57 Billion by 2022 | Honeywell International, Inc.,Legr and, Ingersoll-Rand PLC and Others.

According to Market Study Report, Home Automation System Market provides a comprehensive analysis of the Home Automation System Market segments, including their dynamics, size, growth, regulatory requirements, technological trends,competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Home Automation System Market.

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The Home Automation System Market is expected to be valued at US$ 79.57 Billion by 2022, growing at a CAGR of 11.3% between 2017 and 2022. This report spread across 209 Pages, Profiling 11 Companies and Supported with 153 Tables and 66 figures are now available in this research. An exclusive data offered in this report is collected by research and industry experts team.

Top Key Players profiled in the Home Automation System Market:

  • Honeywell International Inc.
  • Legr and
  • Ingersoll-Rand PLC
  • Schneider Electric SE
  • ABB Ltd.
  • Control4 Corporation
  • Crestron Electronics Inc.
  • Johnson Controls Inc.
  • Siemens AG

“Market for lighting control expected to grow at the highest rate during the forecast period”

The market for lighting control is expected to grow at a high rate because it reduces the electricity consumption in homes as sensors adjust the intensity of artificial light according to the intensity of natural light. Lighting control provides flexibility with respect to the lighting operation, which improves the ambiance, interior decoration, and productivity.

“Proactive segment expected to hold the largest share of the home automation system market for software & algorithm during the forecast period”

The proactive segment is expected to hold the largest size of the home automation system market during the forecast period. Proactive solutions are specifically designed to enable consumers to understand energy patterns and take effective measures to reduce their consumption. Proactive solutions are more beneficial as they can also send recommendation signals to end users for taking necessary energy reduction actions and can then control the electronic devices based on the users’ actions.

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