Market Research Report
Asia Pacific Smart Home Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||728652|
|Published||Content info||84 Pages
Delivery time: 1-2 business days
|Asia Pacific Smart Home Market Forecast 2019-2027|
|Published: October 19, 2018||Content info: 84 Pages||
The Asia Pacific smart homes market is expected to have a CAGR of 18.52% over the forecast period of 2019-2027. It is estimated that APAC will be the largest regional market for smart homes by 2027 in terms of revenue.
The huge and diverse population, the improving standard of living of the people and the increased purchasing power are the major drivers of the smart homes market in this region. The availability of a wide range of high technology products aimed at making life more secure, convenient and comfortable is steadily drawing more and more customers to the concept of smart homes. However, the major obstacle in the growth of the smart homes market in the Asia Pacific is the high cost of appliances and the uncertainty about the value addition of incurring the costs.
Leading market players involved in the Asia Pacific market for smart homes are Ee Limited,Lg Electronics Inc., Siemens Ag, Samsung Electronics Co. Ltd.,Abb Ltd., Blue Line Innovations Inc, Centrica Connected Home Limited, Century Technologies Corp, Control4 Corporation, Crestron Electronics Inc, Emerson Electric Co., United Technologies Corporation. Johnson Controls Inc., Vodafone Group Plc., Solatube International Inc, Honeywell International Inc. and Schneider Electric Se.