Smart Home Automation Market Growing at CAGR of +25% by 2025 | ABB Ltd., Control4 Corporation, Crestron Electronics, Honeywell International Inc., Ingersoll-Rand plc, Johnson Controls
The growing demand for the convenience of remote and real-time operation of the smart home automation system has increased the growth and penetration of smart home automation. The increase in the urban and geriatric population has created the need to incorporate the concept of smart home automation to address the emerging challenges. The global smart home automation market is expected to grow at a CAGR of +25% during the forecast period. In addition, it is expected that the increase in demand for smartphones and easy access to the Internet will stimulate the growth of demand in the future. It is anticipated that the increasing adoption of automation in security, lighting, air conditioning, energy management and sands of smart kitchens will revolutionize the market by 2025. Top Key Players: ABB Ltd., Control4 Corporation, Crestron Electronics, Honeywell International Inc., Ingersoll-Rand plc, Johnson Controls, Legrand SA, Leviton Manufacturing Company, Lutron Ele