Growing Consumption of Internet and Internet-Enabled Devices, High Consumption of Smartphones and Other Gadgets, are Expected to Drive the North America Smart Home Market, in the forecast period of 2019 to 2026

North America Smart home market is expected to grow at a healthy CAGR of 18.9% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.

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Drivers: North America Smart Home Market

  • Growing consumption of internet and internet-enabled devices
  • High growth in consumption of smartphones and other gadgets

Restraints:

  • Cyber security and safety concerns in automation
  • High cost of intelligence

Opportunity:

  • Promotion of green buildings by governments

Challenge

Lack of awareness and skilled workforce

Segmentation: North America Smart Home Market​​​​​​​

    • 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 & services, the market is segmented into behavioral and proactive

Major Players: North America Smart Home Market

Some of the major players operating in this market are Siemens, United Technologies Corporation, GENERAL ELECTRIC COMPANY, Schneider Electric, ABB, Honeywell International Inc, Johnson Controls, SAMSUNG, Ingersoll-Rand plc, Legrand, Lifi Labs, Inc., Crestron Electronics, Inc., Brinks Home Security, FIBAR GROUP S.A., The Chamberlain Group Inc., Vivint, Inc., Emerson Electric Co., ACUITY BRANDS LIGHTING, INC., ADT., Sleep Number Corporation, Hanwha Techwin America., Leviton Manufacturing Co., Inc., Lutron Electronics Co., Inc, Kuna Systems,  Switchmate Home and among others.