According to the latest report by IMARC Group, titled “North America Home Automation Systems Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the north america home automation systems market reached a value of US$ 12.35 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Home automation systems are technological solutions that are specifically designed for controlling multiple electronic devices installed in a home efficiently. They are equipped with intelligent technology that ensures safety and facilitates energy conservation across the residential sector. Their usage enables individuals to monitor and automate various functions and appliances around the house with the use of a smartphone or a tablet. They also assist in integrating and centralizing control of operations, thereby enhancing the overall user experience.
The North America home automation systems market is primarily driven by the rising requirement for operational efficiency in the residential segment. This is supported by the increasing need for optimized energy consumption and the rising consumer awareness about continual technological innovations in the market. The market is also driven by the escalating need for safety and compliance in the residential segment, which is further supported by numerous favorable government regulations. Some of the other factors contributing to the market include the improving living standards of individuals across the North American region and the rising integration of the Internet of Things (IoT) with these systems.
North America Home Automation Systems Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the north america home automation systems market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Market Segmentation:
The report has segmented the north america home automation systems market on the basis of application, type and country.
Breakup by Application:
- Lighting Control
- Security and Access Control
- HVAC Control
Breakup by Type:
- Luxury (Custom) Home Automation Systems
- Mainstream Home Automation Systems
- DIY (Do-it-yourself) Home Automation Systems
- Managed Home Automation Systems
Breakup by Country:
- United States
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/north-america-home-automation-systems-market
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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