Global Home Automation Market Will Be Worth Us$20 Billion by 2020

Global Home Automation Market will be worth US$20 billion by 2020

The global home automation market will rise to US$20.00 billion by 2020, growing at a CAGR of 25.90% in the forecast period of 2015 to 2020.

Market Research Engine has published a new research report on the global home automation market. The research report states that the global home automation market stood at US$4.41 billion in 2013 and will rise to US$20.00 billion by 2020, growing at a CAGR of 25.90% in the forecast period.

Browse the full Home Automation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2020, report at http://marketresearchengine.com/reportdetails/home-automation-market

Download the Sample Report from here http://marketresearchengine.com/requestsample/home-automation-market

Global Home Automation Market is a growing due to increase in the Smart City projects and awareness regarding energy conservation. The home automation market is also supporting the growth of the industries such as real estate, consumer electronics and construction.

Growing purchasing power of the people, increase investment in building infrastructure, growing dependence on technology, and government support are the major drivers which were supporting the growth of this market. According to Market Research Engine, Home Automation market will see a significant growth in the coming years due to the ongoing and upcoming projects in the various developing and developed countries. “The global home automation market is a highly competitive market and it is expected to cross $20.00 billion by 2020, growing at a CAGR of 25.90% in the forecast period”.

Global Home automation market is analysed for the four segments – Types, Control Systems & Applications, and Technologies. These segments are further divided into sub segments such as Types segment (Luxury Home Automation Systems, Mainstream Home Automation Systems and DIY Home Automation Systems),Control Systems &...