The North America home automation systems market reached a value of US$ 12.35 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during forecasted period.
Market Outlook:
Home automation systems represent a range of integrated smart technologies that use intelligent terminals to operate various home appliances and equipment. It includes centralized lighting management, security checks/locks for house entry, and heating, ventilation, and air conditioning (HVAC) control systems. It further allows electronic device users to control, automate and manage several appliances and devices, such as lights, fans, alarm systems, and electrical outlets. Home automation systems offer centralized control, ensure minimal power consumption and enable protection for personal and commercial assets. As a result, these solutions find extensive application in residential areas, commercial buildings, and hardware infrastructures.
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
Get a FREE PDF Sample for more detailed market insights: https://www.imarcgroup.com/north-america-home-automation-systems-market/requestsample
North America Home Automation Systems Market Trends:
The increasing need for energy-efficient safety and security solutions across residential sectors to inhibit thefts and the unauthorized entrance of individuals into houses is primarily driving the home automation systems market in North America. Furthermore, the growing consumer awareness regarding the availability and benefits of home automation systems, such as convenience, appliance safety, and enhanced remote monitoring features are supplementing the usage of home automation systems.
Moreover, shifting consumer preferences toward smart houses over conventional residences due to the rising disposable income are augmenting the home automation systems demand. Besides this, rising trends of several modern renovations and redecoration and the extensive integration of artificial intelligence (AI) voice assistance, machine learning (ML), and the internet of things (IoT) solutions with internet or Bluetooth connectivity and authenticated passwords are propelling the market growth. Such technologies help in determining user habits and monitoring key areas, which is creating a positive outlook for the product.
Market Segmentation:
The report has segmented the North America home automation systems market on the basis of application, type and country.
Based on Application:
- Lighting Control
- Security and Access Control
- HVAC Control
- Entertainment
- Others
Based on Type:
- Luxury (Custom) Home Automation Systems
- Mainstream Home Automation Systems
- DIY (Do-it-yourself) Home Automation Systems
- Managed Home Automation Systems
Based on Country:
- United States
- Canada
- Mexico
Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=1679&flag=C
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- 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.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: [email protected]
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/
The growing awareness on the early diagnosis of chronic diseases, which are rising in prevalence, increasing healthcare expenditure, and rapid technological developments are expected to drive the growth of the North American diagnostic imaging systems market at a CAGR of 5.0% during the forecast period (2019–2024).
With this growth rate, the market value is expected to reach $17.7 billion by 2024.
North America boasts the world’s most advanced healthcare system, characterized by the widespread usage of different types of imaging systems for diagnostic purposes.Access Report Summary on North America Diagnostic Imaging Systems Market Segmentation AnalysisMoreover, companies in the North American diagnostic imaging systems market, such as Esaote S.p.A., FUJIFILM Holdings Corporation, Karl Storz GmbH & Co. KG, Carestream Health Inc., General Electric Company, Koninklijke Philips N.V., Esaote S.p.A., and Siemens AG, are actively focusing on the development of advanced diagnostic imaging solutions, for better image quality and visualization of internal organs.
To meet the increasing demand for diagnostic imaging devices, improve patients’ access to novel technologies, augment their market share and presence, and enhance patient outcomes, these companies are also indulging in collaborations and acquisitions.Thus, the widening portfolio of diagnostic imaging devices is expected to propel the demand for such systems in the continent.
