Global Smart Home Water Sensors and Controllers Market to Reach $699.1 Million by 2027
Amid the COVID-19 crisis, the global market for Smart Home Water Sensors and Controllers estimated at US$504.2 Million in the year 2020, is projected to reach a revised size of US$699.1 Million by 2027, growing at a CAGR of 4.8% over the period 2020-2027. Water Sensor, one of the segments analyzed in the report, is projected to record 5.2% CAGR and reach US$385.5 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Water Controller segment is readjusted to a revised 4.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $148.6 Million, While China is Forecast to Grow at 4.5% CAGR
The Smart Home Water Sensors and Controllers market in the U.S. is estimated at US$148.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$123.8 Million by the year 2027 trailing a CAGR of 4.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.
Select Competitors (Total 48 Featured):
Amid the COVID-19 crisis, the global market for Smart Home Water Sensors and Controllers estimated at US$504.2 Million in the year 2020, is projected to reach a revised size of US$699.1 Million by 2027, growing at a CAGR of 4.8% over the period 2020-2027. Water Sensor, one of the segments analyzed in the report, is projected to record 5.2% CAGR and reach US$385.5 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Water Controller segment is readjusted to a revised 4.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $148.6 Million, While China is Forecast to Grow at 4.5% CAGR
The Smart Home Water Sensors and Controllers market in the U.S. is estimated at US$148.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$123.8 Million by the year 2027 trailing a CAGR of 4.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.
Select Competitors (Total 48 Featured):
- Conservation Labs Inc.
- Loop Labs Inc.
- Moen Inc.
- OVAL Digital Inc.
- Phyn LLC
- Resideo Technologies Inc.
- Roost Inc.
- Samsung Electronics Co. Ltd.
- Waxman Industries Inc.
- Winland Electronics Inc.
Frequently Asked Questions about the Global Market for Smart Home Water Sensors and Controllers
What is the estimated value of the Global Market for Smart Home Water Sensors and Controllers?
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| Report Attribute | Details |
|---|---|
| No. of Pages | 114 |
| Published | April 2021 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 504.2 Million |
| Forecasted Market Value ( USD | $ 699.1 Million |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
