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Classified in: Science and technology, Business, Covid-19 virus
Subject: MRR

New Study from StrategyR Highlights a $161 Billion Global Market for Smart Homes by 2026


SAN FRANCISCO, July 4, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Smart Homes - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
What's New for 2022?

Edition: 9; Released: January 2022
Executive Pool: 11280
Companies: 42 - Players covered include Cisco Systems, Inc.; Control4 Corporation; Cortexa Automation, LLC; Crestron Electronics, Inc.; Emersion Electric Co.; FortrezZ; Guardian Protection Services, Inc.; Home Automated Living, Inc.; Honeywell International, Inc.; Lutron Electronics Co., Inc.; Monster, Inc.; Savant Systems LLC; Simply Automated Incorporated; Smarthome, Inc.; United Technologies Corporation (UTC); Universal Devices, Inc.; Vivint, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Application (Lighting Control, Security and Access Control, HVAC Control, Entertainment Control)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World

Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlasstm Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry

ABSTRACT-

Global Smart Homes Market to Reach $161 Billion by 2026
Amid the COVID-19 crisis, the global market for Smart Homes estimated at US$72.8 Billion, is projected to reach a revised size of US$161 Billion by 2026, growing at a CAGR of 14% over the analysis period. Lighting Control, one of the segments analyzed in the report, is projected to record a 13.7% CAGR and reach US$55.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Security and Access Control segment is readjusted to a revised 14.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $25 Billion in 2021, While China is Forecast to Reach $28.3 Billion by 2026
The Smart Homes market in the U.S. is estimated at US$25 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$28.3 Billion by the year 2026 trailing a CAGR of 13.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.3% and 12% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.3% CAGR.

HVAC Control Segment to Reach US$48.2 Billion by the year 2026
In the global HVAC Control segment, USA, Canada, Japan, China and Europe will drive the 14% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$17.3 Billion will reach a projected size of US$43.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

MarketGlasstm Platform
Our MarketGlasstm Platform is a free full-stack knowledge center that is custom configurable to today`s busy business executive`s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include - enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.

Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android

About Global Industry Analysts, Inc. & StrategyRtm
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.


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News published on 4 july 2022 at 08:25 and distributed by: