The global smart home devices market was valued at about $46.59 billion in 2018. 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. View More @ https://www.thebusinessresearchcompany.com/report/smart-home-devices-global-market-report
The global smart home devices market is expected to grow to $104.54 billion at a rate of approximately 22.4% through 2022. 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 solutions 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. Saving unnecessary usage of electric devices and decreasing the power demand on the power plants help reduce carbon emission. High switching costs restrains the smart home device market.
Companies are developing voice assistants to control smart home devices. Voice assistants are digital assistants that react to voice commands and reply with relevant information. They are different from the traditional keyboard-based searches. They put more focus on the conversational phrasing of any content and prioritize the long tail keywords for any search. Major players in the market are ABB Ltd, General Electric Company, Johnson Controls, Inc., Siemens AG, Schneider Electric SE. General Electric Company is an American multinational conglomerate incorporated in New York City and headquartered in Boston.
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Few Points From Table Of Contents:
3. Smart Home Devices Market Size And Growth
3.1. Global Smart Home Devices Historic Market, 2014 – 2018, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Smart Home Devices Forecast Market, 2018 – 2022F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Smart Home Devices Market Segmentation
4.1. Global Smart Home Devices Market, Segmentation By Technology, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
4.2. Global Smart Home Devices Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Climate Control System
Home Entertainment System
Lighting Control System
Security & Access Control System.
5. Smart Home Devices Market Regional And Country Analysis
5.1. Global Smart Home Devices Market, Split By Region, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
5.2. Global Smart Home Devices Market, Split By Country, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
6. Asia-Pacific Smart Home Devices Market
6.1. Asia-Pacific Smart Home Devices Market Overview
6.2. Asia-Pacific Smart Home Devices Market, Segmentation By Technology, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
6.3. Asia-Pacific Smart Home Devices Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
7. China Smart Home Devices Market
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