The
demand for superior automated systems for a variety of purposes, such as
temperature control and lighting, is expected to transform the smart home and
office market industry in the forecast period.
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Competitive Analysis
The investment in robotic elements in the supply chain is
estimated to be seen in the future to reduce the impact of the human capital on
the long term market development. The state of the market is very indecisive
due to the effect of the macro factors in service in the global economy. The
road to the resurgence of the market is estimated to be extensive and arduous
due to the degree of the setbacks it has suffered. The institution of healthy
distribution channels is estimated to define the expansion of the market in the
future. The prospects for growth in the market have to be carefully sought out
and examined to ensure that they will ensure the favorable development of the
market in the coming period. The competitors in attendance in the market are
recalibrating their market share to open up new areas of development in the
market. The stress on enhancing the manufacturing potential and upgradation of
the workforce are the top priorities to reinvigorate the development potential
of the market in the coming period.
The important contenders in the Smart Home and Office Market
Size are Siemens AG(Germany), Hager Group (Germany), Robert Bosch GmbH
(Germany), MDT Technologies GmbH (Germany), Samsung Electronics Co. Ltd. (South
Korea), Legrand SA (France), ADT (US), ABB Group(South Korea), Assa Abloy Group
(Sweden), Eaton Corporation PLC (Ireland), Ingersoll-Rand PLC (Ireland),
Crestron Electronics, Inc. (US), Sony Corporation (Japan), Lutron Electronics
Co., Inc. (US), Johnson Controls International PLC (Ireland), United
Technologies Corporation (US), Gira Giersiepen GmbH & Co. KG (Germany),
Schneider Electric SE (France), and Honeywell International Inc. (US),
Segmental Analysis
The segmental scrutiny of the Smart
Home and Office Market Research is segmented into product, standard,
application, and region. Based on the product, the smart home, and office
market is segmented into lighting controls which are further segmented into
switches, relays, dimmers, sensors, and others, access controls which are
further segmented into smart card readers, smart locks, biometric readers, and
others, surveillance products which is further segmented into storage &
monitoring devices, security cameras, and others, HVAC controls which is
further segmented into sensors, control valves, smart thermostat, smart vents,
actuators, dampers, and other products which include smart meters, smart smoke
detectors, and others. Based on the standard, the smart home and office market
is segmented into BacNet, KNX, Z-Wave, EnOcean, Zigbee, DALI, Wi-Fi, and
Infrared. The application-based segmentation of the smart home and office
market consists of a smart home, which includes renovations & new
construction, smart office, which includes renovations & new construction.
Based on the region, the smart home and office market is segmented into Africa,
North America, the Middle East, Asia-Pacific, Europe, and South America.
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Detailed Regional Analysis
The regional review of the smart home and office market
includes regions such as Africa, North America, the Middle East, Asia-Pacific,
Europe, and South America. The North American regional market is projected to
direct the smart home and office market for the duration of the forecast
period. The mounting number of government initiatives to maintain smart
lighting systems offices & residencies for hastening the increase of the smart
home and office market in the region is estimated to benefit the market in the
long term.
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