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APAC Smart Homes Market (by Products - Security, Access, Lighting, Entertainment) Worth $9.28 Billion by 2020 - New Report by MarketsandMarkets
Date:1/8/2014

ption rates for the mass markets. The services section covers installation & maintenance, and renovation & customization. The country-wise analysis covers major economies in APAC region.

The major reasons that are boosting the APAC smart homes market are perseverance of energy and energy management & consumption, increase in percentage of ageing population across APAC countries, secured, comfort and convenient lifestyle, government initiatives, and many more. There are restraints in the market such as lack of awareness, high price of systems, and complexity of systems which are inhibiting the market growth.

The major companies involved in the APAC smart homes industry are Siemens AG (Germany), Schneider Electric S.A. (France), ABB Ltd. (Switzerland), Ingersoll-Rand PLC (Ireland), Tyco International Ltd. (Switzerland), Emerson Electric Co. (U.S.), Legrand S.A. (France), Crestron Electronics, Inc. (U.S.) , Lutron Electronics, Inc. (U.S.), Honeywell International, Inc. (U.S.), and more. These companies shave setup and established strong market share through its subsidiaries across the APAC countries. China will remain the leading market for the APAC smart homes market throughout the forecasted period due to several factors such as high economic growth, strong consumer base and high acceptance & adoption rate of Smart Home concept.

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Smart Homes Market - by Products (Security, Access, Lighting, Entertainment, Energy Management Systems, HVAC, and Ballast & Battery Pack), Services (Installation & Repair, Renovation & Customization) and Geography - Analysis & Global Forecast (2013 - 2020)
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