North America Smart Homes Market - Growth, Trends And Forecasts (2016 - 2021)

  • ID: 3804011
  • Report
  • Region: America, North America, United States
  • 91 pages
  • Mordor Intelligence
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North America is the most advanced region for smart homes in the world. The housing market has recovered from the slump of 2008 and ever since then, this market is on the rise. This proliferation is helped by the fact, that the economy has become stable and people are being able to get sufficient jobs to afford such luxuries. The products used in smart homes are popular in hotels and offices, but it took time for the residential people to install it. The penetration of smart home technology in luxury homes is pretty deep now.

This market is immensely helped by the use of smart devices like smartphones, tablets, etc. These devices use modern technology and can be used on the move which helps their consumers to monitor their houses on the move. Technologies like Bluetooth, GSM, ZigBee, Wi-Fi or RFID can be used to send the signals to control the devices. These systems are easier to install in newer houses compared to the retro styled, older houses. Interestingly, architects these days, are taking into consideration, this modern day house concept.

The modern technologies (mentioned above) have evolved so much, that it has enabled a lot of devices to be controlled by just one device. In smart homes various devices like CCTV cameras, lighting, AC, TV, washing machine, etc., can be controlled by either a remote or any other smart devices. These devices can be turned on or off from a remote location, provided the device controlling, gets a signal. This can help with energy conservation, when people often forget to switch off lights or some appliances, while leaving the house. The CCTV footage can be watched anywhere and it gives the owners of the house, a sense of security, while leaving the house. The alarm systems installed in the house, helps to safeguard it against any case of burglary or theft taking place in the premises.

However, there are some constraints for this market. These restraints mainly involve the initial exorbitant cost of installation of different equipment used in the smart homes. On the brighter note, there is ongoing research conducted by the companies towards the development of new products, which are expected to reduce the costs. Additionally, there are new players coming up in the market, who will lead to a price war and consequently, the reduction of prices in the upcoming years.

Major companies in the market like ABB, Emerson, Honeywell, Schneider Electric, Siemens, and LG, etc. These companies are continuously releasing new products and services for the smart homes’ market. This report has exhaustive resources to study the strategies adopted by these companies, in detail. To make this report highly useful for reference, it is divided by geography where the market share of each region is analyzed and estimates are provided for the analysis period 2014-2020. The various applications of smart homes have been discussed in detail, in addition to the comprehensive overview of the market.

This Report Offers:

1.The market definition for Smart Homes along with the identification of key drivers and restraints for the same in the North America market

2.Market analysis of Smart Homes, with country specific assessments and competitive analysis in the continent of North America

3. Identification of factors instrumental in changing the market scenarios and also, giving prospective opportunities

4. Additionally, the identification of key companies which can influence the market on a regional scale

5. Extensively researched competitive landscape section with profiles of major companies along with their share in this market

6.The identification and analysis of the macro and micro factors that affect the North America Smart Homes market

7. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information

Please note: As this product is updated at the time of order, dispatch will be 72 hours from the date the order and full payment is received.
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1. Introduction
1.1 Report Guidance
1.2 Markets Covered
1.3 Key Points Noted
2. Executive Summary
3. Market Overview
3.1 Introduction
3.2 Market Definition
3.3 Premium Insights
4. Drivers, Constraints and Opportunities
4.1 Drivers
4.1.1 Rising energy cost
4.1.2 Offer converniance and comfort
4.2 Constraints
4.2.1 Initial Cost is high
4.2.2 Standards required to monitor the market are not there
4.3 Oppurtunities
4.3.1 Integration with Smart Grids
4.3.2 Consumer Electronics market is increasing
5. Technology Snapshot
5.1 Overview
5.2 Recent Developments
6. North America Smart Homes Market, by Technology
6.1 Bluetooth
6.1.1 Overview
6.1.2 Market Size and Forecast
6.1.3 Analyst View
6.2 WifFi
6.2.1 Overview
6.2.2 Market Size and Forecast
6.2.3 Analyst View
6.3.1 Overview
6.3.2 Market Size and Forecast
6.3.3 Analyst View
6.4 Zigbee
6.4.1 Overview
6.4.2 Market Size and Forecast
6.4.3 Analyst View
6.5 RFID
6.5.1 Overview
6.5.2 Market Size and Forecast
6.5.3 Analyst View
7. North America Smart Homes Market, by Region
7.1 Introduction
7.2 Overview
7.3 United States
7.3.1 Overview
7.3.2 Market Trends and Opportunities
7.3.3 Market Demand to 2020
7.4 Canada
7.4.1 Overview
7.4.2 Market Trends and Opportunities
7.4.3 Market Demand to 2020
8. Competition
8.1 Overview
8.2 Market Share of Key Companies, by Geography
8.2 Market Share of Key Companies, by technologies
9 Company Profiles
9.1 ABB Ltd.
9.2 Emerson Eelctric Corporation
9.3 Honeywell International Inc.
9.4 Schneider Electric
9.5 Siemens AG
9.6 LG Electronics Inc.
9.7 Cisco Systems Inc.
9.8 Google Inc.
9.9 Microsoft
9.10 General Electric
9.11 IBM
10. Challenegrs
10.1 Legrand
10.2 Lutron Electronics Co. Inc.
10.3 United Technologies Corporation
10.4 Smarthome Inc.
10.5 Control4 Corporation
11. Competitive Landscape
11.1 Deal Summary
11.1.1 Acquisition
11.1.2 Private Equity
11.1.3 Equity Offerings
11.1.4 Debt Offerings
11.1.5 Partnerships
11.1.6 Asset Transactions
11.2 Recent Developments
11.2.1 New Technology Inventions
11.2.2 New Contract Announcements
12. Appendix
12.1 Sources
12.2 Abbreviations
12.3 Market Definition
12.3.1 Methodology
12.3.2 Coverage
12.3.3 Secondary Research
12.3.4 Primary Research
12.3.5 Expert Panel Validation
12.4 Contact Us
12.5 Disclaimer
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