North America Home Automation Systems Market Report, Size, Share, Trends and Forecast to 2021-2026

According to the latest report by IMARC Group, titled “North America Home Automation Systems Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market reached a value of US$ 12.35 Billion in 2020. Home automation systems are technological solutions that are specifically designed for controlling multiple electronic devices installed in a home efficiently. They are equipped with intelligent technology that ensures safety and facilitates energy conservation across the residential sector. Their usage enables individuals to monitor and automate various functions and appliances around the house with the use of a smartphone or a tablet. They also assist in integrating and centralizing control of operations, thereby enhancing the overall user experience.

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The North America home automation systems market is primarily driven by the rising requirement for operational efficiency in the residential segment. This is supported by the increasing need for optimized energy consumption and the rising consumer awareness about continual technological innovations in the market. The market is also driven by the escalating need for safety and compliance in the residential segment, which is further supported by numerous favorable government regulations. Some of the other factors contributing to the market include the improving living standards of individuals across the North American region and the rising integration of the Internet of Things (IoT) with these systems. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

The competitive landscape of the north america home automation systems market has been studied in the report with the detailed profiles of the key players operating in the market.

Key Highlights of the Market Segmentation:

Breakup by Application:

Lighting Control

Security and Access Control

HVAC Control

Entertainment

Others

Breakup by Type:

Luxury (Custom) Home Automation Systems

Mainstream Home Automation Systems

DIY (Do-it-yourself) Home Automation Systems

Managed Home Automation Systems

Breakup by Country:

United States

Canada

Mexico

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Key highlights of the report:

Market Performance (2015-2020)

Market Outlook (2021-2026)

Market Trends

Market Drivers and Success Factors

Impact of COVID-19

Value Chain Analysis

Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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