Market Research Report
North America Home Automation Systems Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
|Published by||IMARC Services Private Limited||Product code||919526|
|Published||Content info||86 Pages
Delivery time: 2-3 business days
|North America Home Automation Systems Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024|
|Published: December 10, 2019||Content info: 86 Pages||
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. Looking forward, IMARC Group expects the market to reach a value of US$ 17.4 Billion by 2024, registering a CAGR of more than 6% during 2019-2024.
Report Customization: Although IMARC has tried to cover everything in the North America home automation systems market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.