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North America Home Automation Systems Market to Generate a Value of US $17.4 Billion, 2019-2024 - ResearchAndMarkets.com

January 13, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 13, 2020--

The “North America Home Automation Systems Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

The publisher expects the market to reach a value of US$ 17.4 Billion by 2024, registering a CAGR of more than 6% during 2019-2024.

The North America home automation systems market reached a value of US$ 12.2 Billion in 2018. Home automation systems, also known as domotics, refer to technological solutions designed for automatically controlling various electronic devices installed in a house. They can control and monitor air-conditioning, heating, lighting, power control, entertainment and, fire and security. These systems enable an individual to easily monitor his home using a computer interface on a tablet or a smartphone, based on personal preferences. At present, aspirational lifestyles and a drive to achieve a high standard of living are influencing consumers to invest in sophisticated technologies like home automation systems. Besides this, the evolution and mass commercialization of smart homes has led to a large-scale modification in this market.

The North America home automation systems market is currently driven by several factors. Rising consumer awareness about technological innovations and optimized energy consumption are some of the factors that are supporting the growth of the market in the region. Moreover, home automation systems help in saving a significant amount of energy and utility costs as they can be used for regulating outlets or appliances, thereby enhancing the product demand. In addition to this, increased need for safety and compliance with the stringent government regulations have also fueled the market growth. Furthermore, owing to the emergence of several modern renovation and redecoration trends, the overall demand for home automation systems is projected to escalate in North America in the next few years.

Key Questions Answered in This Report:

Report Coverage:

Key Topics Covered:

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.3.1 Primary Sources

2.3.2 Secondary Sources

2.4 Market Estimation

2.4.1 Bottom-Up Approach

2.4.2 Top-Down Approach

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Home Automation System Market

5.1 Market Performance

5.2 Market Breakup by Application

5.3 Market Breakup by Type

5.4 Market Breakup by Region

5.5 Market Forecast

6 North America Home Automation System Market

6.1 Market Performance

6.2 Market Forecast

7 North America Home Automation System Market: Breakup by Application

7.1 Lighting Control

7.2 Security and Access Control

7.3 HVAC Control

7.4 Entertainment

7.5 Others

8 North America Home Automation System Market: Breakup by Type

8.1 Luxury (Custom) Home Automation Systems

8.2 Mainstream Home Automation Systems

8.3 DIY (Do-it-yourself) Home Automation Systems

8.4 Managed Home Automation Systems

9 North America Home Automation System Market: Breakup by Country

9.1 United States

9.1.1 Historical Market Trends

9.1.2 Market Breakup by Application

9.1.3 Market Breakup by Type

9.1.4 Market Forecast

9.2 Canada

9.3 Mexico

10 SWOT Analysis

10.1 Overview

10.2 Strengths

10.3 Weaknesses

10.4 Opportunities

10.5 Threats

11 Value Chain Analysis

11.1 Overview

11.2 Product Manufacturer

11.3 Dealer/Distributor

11.4 Consultant/Architect

11.5 System Integrator

11.6 Electrical Contractor

11.7 End-User

12 Porter’s Five Forces Analysis

12.1 Overview

12.2 Bargaining Power of Buyers

12.3 Bargaining Power of Suppliers

12.4 Degree of Rivalry

12.5 Threat of New Entrants

12.6 Threat of Substitutes

13 Competitive Landscape

13.1 Market Structure

13.2 Key Players

13.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/4lxofb

View source version on businesswire.com:https://www.businesswire.com/news/home/20200113005384/en/

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