London, UK (PRWEB) December 06, 2013
The APAC captured 19% of the overall revenues, generated by the worldwide smart homes market in 2012. The APAC market for smart homes is forecast to record a 16.73% CAGR between 2013 and 2020, and by 2020, it is likely amount to USD 9.23 billion. The growth of the regional market is expected to be boosted by such factors as rapidly expanding elderly population, certain regulatory initiatives, and the rising awareness of energy saving objectives, among others. The launching of smart meters, used to converse energy, represents a great opportunity for the smart homes market in APAC. High initial costs in tandem with the lack of standardization are the major restraints of the regional market growth. The actual leader of the APAC smart homes market, China, is anticipated to exhibit 17.5% CAGR through 2020.
The leading players engaged in the APAC smart homes market include Lutron Electronics, Siemens AG, Tyco International, Samsung SNS, Honeywell International, Schneider Electric S.A., Emerson Electric, ABB, Legrand S.A., Ingersoll-Rand PLC and Crestron Electronics, amid many others.
In-demand research report “APAC Smart Homes Market by Products (Security, Access, Lighting, Entertainment, Energy Management Systems, HVAC, Ballast & Battery Pack), Services (Installation & Repair, Renovation & Customization) & Country - Analysis & Forecast (2013 - 2020)” elaborated by MarketsandMarkets (M&M) has been recently published by Market Publishers Ltd.
Title: APAC Smart Homes Market by Products (Security, Access, Lighting, Entertainment, Energy Management Systems, HVAC, Ballast & Battery Pack), Services (Installation & Repair, Renovation & Customization) & Country - Analysis & Forecast (2013 - 2020)
Published: November, 2013
Price: US$ 4,650.00
The report is a reliable source of valuable information on the performance of the APAC market for smart homes. It presents all-round market assessment based on technologies, products, services and countries. The research study presents clear description of the actual market scenario as well as discloses insights into the historical evolution of the industry; examines key forces shaping the market and scrutinizes the major opportunities and challenges faced by the regional market, contains detailed industry value chain and Porter’s five forces analyses. The report highlights on the important industry developments, covers the recent mergers, acquisitions, partnership deals and product launches; offers an in-depth analysis of the competitive landscape and profiles top companies. Additionally, an extensive forecast for the APAC smart homes market through 2020 is provided in the research report.
Other Smart Homes Market Reports by M&M Include:
More insightful research reports by the publisher can be found at M&M page.