(PRWEB) December 13, 2013
According to a new market research report “Americas Smart Homes Market by Product (Security, Access, Lighting, Entertainment, Energy Management, HVAC, Ballast & Battery Pack), Service (Installation & Repair, Renovation & Customization) and Geography - Analysis & Forecast (2013 - 2020)”, published by MarketsandMarkets, the total market for the Americas smart homes market will be worth $22.4 billion by 2020, at an estimated CAGR of 17.62%.
Browse 101 market data tables with 72 figures spread through 370 pages and in-depth TOC on "Americas Smart Homes Market."
Early buyers will receive 10% customization on this report.
Inquiry Before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=1292.
Smart homes symbolize buildings furnished with intelligent systems and communication standards and protocols that present the occupant with a higher level of comfort and control, which was not possible in the traditional homes.
The Americas smart homes market covers the entire industry on the basis of products, services, and geography. The products section covers security & access control, entertainment systems, lighting control, HVAC control, and home health systems; along with their current and future estimations. Security services occupy the largest market share in the Americas market whereas it is lighting control that is projected to grow at the fastest CAGR in the forecast period. The services section covers installation & maintenance, and renovation & customization. The geographical analysis covers the U.S., Canada, Mexico, Brazil, and Argentina.
The major drivers for the global smart homes market are energy efficient smart lighting devices, advancements in digital analytics platforms, and the rising incidences of chronic diseases. The major barriers affecting smart home systems include the lack of consumer awareness, and inability of the security systems installed in the smart homes to prevent crimes.
The major companies involved in the global smart homes industry are Control4 Corporation (U.S.),Lutron Electronics (U.S.),Crestron Electronics (U.S.),Vivint Inc (U.S.), and more. The U.S. will remain the leading market for the Americas smart homes throughout the forecasted period due to its high adoption rate of smart homes; as its economy recovers in a phased manner along with continuous technological developments.
Browse related reports
Smart Homes Market - by Products (Security, Access, Lighting, Entertainment, Energy Management Systems, HVAC, and Ballast & Battery Pack), Services (Installation & Repair, Renovation & Customization) and Geography - Analysis & Global Forecast (2013 - 2020)
European Smart Homes Market by Products (Security, Access, Lighting, Entertainment, Energy Management Systems, HVAC, and Ballast & Battery Pack), Services (Installation & Repair, Renovation & Customization) & Country - Analysis & Forecast (2013 – 2020)
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including agriculture, advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog at http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors.
Connect with us on LinkedIn at http://www.linkedin.com/company/marketsandmarkets.