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NORTH AMERICA SMART HOME MARKET WILL EXPERIENCE A STUNNING GROWTH | COMPETITOR OUTLOOK – HONEYWELL, SAMSUNG, ABB, NEST, SIEMENS

 

This North America smart home report studies the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors with Porter’s Five Forces analysis. This North America smart home market research report encompasses the drivers and restraints for the market which are derived from the well-established SWOT analysis. It also puts a light on the recent developments, product launches, joint ventures, mergers and acquisitions that have been adopted by the several key players and brands. Systemic gathering of company profiles that are driving the market is also performed in this report.

The competitive analysis carried out in this North America smart home report includes strategic profiling of key market players, their core competencies, their strong and weak points, and competitive landscape of the market which supports businesses illustrate their individual strategies. This North America smart home report also takes into account an analysis of existing major challenges faced by the business and the probable future challenges that the business may have to face while operating in this market.

North America smart home market is projected to register a healthy CAGR in the forecast period of 2019 to 2026.

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Smart homes are the setup of appliances and devices in a home in such a manner that all the devices are connected together and can be monitored and accessed with single unit. Devices equipped in smart home are connected together that can be accessed through a central point, or a mobile device, such as smartphone, tablet or PC. It enables the remote monitoring, means it lets the homeowner monitor his home and the connected devices, such as heating or lighting appliances whether he is away from the home or in the home.

Leading Players of North America Smart Home Market are Siemens, GE, Schneider Electric, Honeywell, SAMSUNG, ABB, Nest, Lutron Electronics, Johnson Controls, Emerson, LIFX Among, Ingersoll Rand, Legrand, Acuity Brands, Leviton, Vivint Smart Home, Sleep Number Corporation, Switchmate Inc., LIFX, Crestron Electronics and Others.

Key Segmentation of North America Smart Home Market

North America smart home market is segmented into three notable segments which are application, technology, and software & services.

On the basis of application, the market is segmented into lighting control, security and access control, HVAC control, entertainment and other controls, home healthcare, smart kitchen, and home appliances

On the basis of technology, the market is segmented into wireless and wired

On the basis of software & service, the market is segmented into behavioral and proactive

Major Highlights of TOC:

Chapter One: North America smart home Industry Overview

1.1 North America smart home Industry

1.1.1 Overview

1.1.2 Products of Major Companies

1.2 North America smart home Segment

1.2.1 Industry Chain

1.2.2 Consumer Distribution

1.3 Price & Cost Overview

Chapter Two: North America smart home Demand

2.1 Segment Overview

2.1.1 APPLICATION 1

2.1.2 APPLICATION 2

2.1.3 Other

2.2 North America smart home Size by Demand

2.3 North America smart home Forecast by Demand

Chapter Three: North America smart home by Type

3.1 By Type

3.1.1 TYPE 1

3.1.2 TYPE 2

3.2 North America smart home Size by Type

3.3 North America smart home Forecast by Type

Chapter Four: Major Region of North America smart home Market

4.1 North America smart home Sales

4.2 North America smart home Revenue & market share

Chapter Five: Major Companies List

Chapter Six: Conclusion

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Recent Industry Developments

In April 2019, United Technologies Corporation introduced a wireless security system in its Interlogix segment, Simon XTi-5i, for heightened residential security and convenience. This new product features 80 wireless zones and 5-inch colored LCD touchscreen with other related compatible devices

In April 2018, United Technologies Corporation introduced an advanced video doorbell camera in its Interlogix segment, UltraSync, which features visibility and two-way conversations with visitors through any mobile device. The company showcased its latest product at the International Security Conference & Exposition (ISC West) in U.S.

In September 2018, ABB launched its latest smart home solution, [email protected], at the CEDIA Expo, in San Diego, U.S. This new offering by the company features control of functions such as lighting, climate, entertainment, and door communication with control via any mobile device like smartphones or tablets.

In February 2019, radio frequency system has launched Industry’s Smallest and Lightest Small Cell Diplexers at the event of MWC19 Barcelona. It high performance, light weight and small size is an ideal solution for the mobile operators. This will enable the company to capitalize on the increasing need for the small cell by the network operator. As the 5G is evolving the increasing need for the flexible multiplexing solutions by the network operator will boost the demand for this product.

In August 2018, Samsung introduced its latest SmartThings Mesh Wi-Fi System, which offers AI-based network optimization along with built-in SmartThings Hub and sensors with sleek design and enhanced performance capabilities.

In April 2019, Johnson Controls launched its LUX KONOzw Smart Hub thermostat featuring Z-Wave technology. This new product introduced by the company enables users to seamlessly connect DSC security systems, including iotega, PowerSeries Neo, and PowerSeries Pro, when combined with SecureNet or any interactive service to the smart thermostat through the Z-Wave smart hub.

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