Asia-Pacific smart home market is projected to register a CAGR of 18.1% in the forecast period of 2020 to 2027. The new market report contains data for historic year 2018, the base year of calculation is 2019 and the forecast period is 2020 to 2027.
Market Segmentation:
Asia-Pacific Smart home Market By Product Type (Entertainment Controls, Security and Access Control, HVAC Control, Home Appliances, Smart Kitchen, Lighting Control, Smart Furniture, Home Healthcare and Others), Technology (Wireless, Wired), Software & Service (Behavioral, Proactive), Country (China, India, Japan, South Korea, Taiwan, Australia, Singapore, Indonesia, Thailand, Malaysia, Philippines and Rest of Asia-Pacific) Industry Trends and Forecast to 2027
Some of the major factors contributing to the growth of the Asia-Pacific smart home market are:
- Increasing penetration of IoT technology home appliances is driving the market growth.
- Growing adoption of smart home devices owing to increasing disposable income in the developing nations like China and India is supplementing the market growth.
Market Players
Some of the major players operating in the smart home market are:
- SAMSUNG
- Robert Bosch GmbH
- Schneider Electric
- Siemens
- Haier Group
- Google (A Subsidiary of Alphabet Inc.)
- Resideo Technologies, Inc
- ABB
- Emerson Electric Co.
- Johnson Controls.
- Carrier
- Legrand
- ACUITY BRANDS LIGHTING, INC.
- The Chamberlain Group, Inc.
- Lutron Electronics Co., Inc
- Leviton Manufacturing Co., Inc.
- Crestron Electronics, Inc.
- Lifi Labs, Inc.
- Kuna Systems
- Nice S.p.A.
