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Home Automation & Control Systems Market is Expected to Reach $35,627.83 Million by 2016 - New Report by MarketsandMarkets

(PRWEB) October 19, 2013

The report “Home Automation and Control Systems Market by Products and Technologies (2011-2016)” defines and segments the global lighting control, security control, access control, HVAC control, entertainment control, communication, standards and protocols, and outdoor control market with analysis and forecast of the global revenue for all the products.

It also identifies driving and restraining factors for the market with study of trends, opportunities, and challenges. The market segments and revenue are forecasted on the basis of major geographies such as North America, South America, Central America and Caribbean, Europe, Asia, Middle East, Africa, and Oceania. Further, the market is segmented and revenue is forecasted on the basis of products, applications, and end-uses.

Browse more than 103 market data tables/figures spread through 285 pages and in-depth TOC on “Global Home Automation and Control Systems Market”.

Early buyers will receive 10% customization on this report.

The increasing need for energy efficient solutions, improved security, rising venture capital funding, and demand for handy systems have spurred the home automation and control systems market.

The global home automation and control systems market is estimated to grow from $16,888.27 million in 2011 to $35,627.83 million in 2016 at a CAGR of 16.1% for the same period. The global home automation and control system market is dominated by entertainment control market that comprised 22 % of the overall revenues in 2010. However, the home automation market and control systems market for communication, standards, and protocols and outdoor control is expected to grow with relatively higher CAGR of 25.0% and 23.7% from 2011 to 2016 respectively.

In terms of geography, Europe dominates the automation and control market, capturing 36% of the share in the overall market in 2010 which is expected to grow at a CAGR of 13 % from 2011 to 2016. However, Asia is expected to grow with relatively high CAGR 19.9% from 2011 to 2016.

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About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, healthcare IT, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.

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