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Home Automation Market 2019: Research With Size, Growth, Manufacturers, Segments and Competitive Dynamics 2025 Forecast

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The global home automation market is anticipated to rise incessantly on account of rising adoption of Internet of Things (IoT) in developing and developed nations. Fortune Business Insights published the above information in a report, titled “Home Automation Market Size, Share and Global Trend by Product Type, by Application, Networking Technology and Geography Forecast till 2025.” According to the report, the global home automation market covered a value of US$ 45.8 Bn in 2017 and is anticipated to reach US$ 114 Bn by 2025.

Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/home-automation-market-100074

The wireless home automation systems segment is expected to report a remarkable CAGR of 12.1% driven by the increasing demand from around the world.

Top Key Players Mentioned:

  • ABB
  • Siemens
  • Crestron Electronics Inc.
  • AMX LLC (Harman)
  • Control4 Corporation
  • Honeywell International Inc.
  • Johnson Controls Inc.
  • Savant Systems LLC.

Lighting Seen as the Most Profitable Segment Among Others

Among applications, lighting is expected to cover maximum share in the global home automation by 2025. “The adoption of lighting systems is growing as the need for reducing energy consumption rises,” stated a lead analyst at Fortune Business Insights. “This is further resulting in integration of lighting products in-built with technologies such as IoT and cloud-based sources,” he added. Product launches and technologies introduced by companies such as Advanced Lighting Technology and GE Lighting are anticipated to boost this segment in the coming years. Also, companies are adopting wireless technology, which is expected to stimulate growth of this segment during the forecast period.

Major Table of Content:

  1. Introduction

1.1. Research Scope

1.2. Market Segmentation

1.3. Research Methodology and Assumptions

  1. Executive Summary
  2. Market Dynamics

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

  1. Key Insights

4.1. Global Market Overview

4.2. Key Market Indicators

4.3. Macro and Micro Economic Factors

4.4. Emerging Market Trends

4.5. Industry SWOT Analysis

  1. Global Home Automation Market Analysis, Insights and Forecast, 2014-2025

5.1. Definitions

5.2. Key Findings / Summary

5.3. Market Analysis, Insights and Forecast By Product

5.3.1. Luxury Home Automation System

5.3.2. Mainstream Home Automation System

5.3.3. Managed Home Automation System

5.3.4. DIY (Do It Yourself Home Automation System)

5.4. Market Analysis, Insights and Forecast By Application

5.4.1. Safety and Security

5.4.2. Lighting

5.4.3. Entertainment (Audio and Video)

5.4.4. Heating, Ventilation and Air conditioning

5.4.5. Others

5.5. Market Analysis, Insights and Forecast By Networking Technology

5.5.1. Wired Home Automation System

5.5.2. Wireless Home Automation System

TOC Continued…!

Get PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/home-automation-market-100074

North America to Lead the Global Market Owing to High Adoption of AI and IoT

In 2017, the North America market was worth US$ 16.4 Bn and is projected to dominate the global home automation market in the coming years. Companies in this region are continuously involving in mergers and acquisitions (MandAs) to deploy home automation solutions. Rising technological advancements and better internet connectivity are key factors driving the home automation market in this region. Europe in also anticipated to witness considerable growth owing to the presence of some leading manufacturers in automotive segment. Lastly, the market in Asia Pacific is anticipated to grow at a steady rate during the forecast period.

Home Automation Market to Grow Rapidly with Rising Demand for Remotely Controlled Devices

The rising preference towards better standard of living is one of the primary factors driving the home automation market. This, coupled with rising disposable income especially in developing countries, is encouraging investment in home automation solutions. The growing adoption of smartphones and tablets across the world is likely to escalate demand for remotely controlled devices, thus driving the home automation market. The adoption of cloud-based solutions is growing at a rapid pace in smart home appliances. This is further expected to act as growth engines for the home automation market over the next few years. Rapid urbanization is another factor leading to rise in home automation systems. These systems offer better security and safety with technologically sound specifications. This contributes to the growing demand for advanced home automation products such as home automation using Bluetooth.

Honeywell International Inc. Accounted for a Maximum Share by Developing Advanced Smart Home

In 2017, Honeywell was the leading player covering for a maximum share in the global home automation market. The company adopted a combination of advanced controls and strategies to develop smart home automation products. Also, the company acquired start-ups to increase its product portfolio penetration in emerging countries. In addition to this, this company is focusing on the deployment of improved technologies in a fully automated home system. In addition to this, recently the company has introduced a home control and Lyric security platform for its users to wirelessly control their home automation systems. Another company called SwannOne launched SwannSecurity which allows users to control and handle their air conditioners, lights, and security cameras with the help of an app. Some of the other leading players in the global home automation market include Crestron Electronics Inc., Control4 Corporation, Savant Systems LLC., Siemens AG, Honeywell International Inc., ABB Ltd., and Johnson Controls Inc.

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Seoul to host “Seoul Global Challenge 2021” to seek for innovative solutions to improve air quality in Seoul subway; finally selected teams to receive a cash prize of 690 mil. won

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– The Challenge 2021 consists of the technology competition and the academic paper competition to find “Innovative Technology to Improve the Air Quality in the Seoul Subway”

– Any company, university, and research institute from around the world can submit their ideas

– Seoul will accept the application from Oct. 14 for the next three month at its website(http://seoulglobalchallenge.sba.kr/en/) and do screening and offer assignments for eleven months

– The awarding ceremony will take place in December 2021

SEOUL, South Korea, Oct. 20, 2020 /PRNewswire/ — The Seoul Metropolitan Government said it will host the "Seoul Global Challenge 2021," an international R&D competition that will take place over the next 11 months. The Challenge will invite global companies, universities, and research institutes to seek for innovative solutions to urban problems Seoul is currently facing.

Seoul Global Challenge 2021
Seoul Global Challenge 2021

The "Seoul Global Challenge 2020" was held from August 2019 to February 2020. The Challenge 2020 brought together 106 companies from the world, including the United States, France, Japan, Canada, Finland, United Kingdom, and the Netherlands. Ten finalists’ solutions were installed in the Seoul Subway to test their effectiveness in reducing fine dust levels.

This year, the subject of the Challenge 2021 is "Innovative Technology to Improve the Air Quality in the Seoul Subway." Through the technology competition and the academic paper competition, a total of 25 teams will be selected, and they will receive a cash prize of 690 million won (approximately US$ 600,000).

Any company, university, and research institute with interest may submit their ideas by the end of this coming December. Around ten teams qualified at a preliminary round will be granted a total of 800 million won (approximately US$ 695,000) for the prototype development for up to six months. The amount will be provided differently, depending on the technology. Additionally, expert mentoring services and the space for making trial products will be offered upon request.

The competition technologies are about the reduction of particles that occur from typical wear-in; the improvement of fine dust removal performance; the improvement of measurement technology; and integrated management of air quality in the subway station. Up to 200 million won (US$ 174,500) in prize money will be given to the finally selected team that will pass the performance evaluation.

Those interested in the academic paper competition can fill out the application form and submit it with the paper proposal by the end of November. Seoul will do a preliminary screening in December to select those who will go through the paper evaluation. Those who pass the preliminary screening may submit their paper by September 2021.

The three themes of the academic paper competition are the interrelationship between the outside atmosphere and the subway air quality; the reduction of indoor fine dust in the subway; and the reduction of viruses in the subway. Only papers that have never been published before can be accepted. Up to 10 million won (approximately US$ 8,700) will be given as a cash prize to the finalists.

Kim Eui-Seung, Deputy Mayor for Economic Policy, said, "I hope that the Seoul Global Challenge 2021 will serve as an opportunity to gather the capabilities of talents from around the world and leap forward in related innovative technologies and research levels."

More information about the Challenge — from how to participate in it to detailed evaluation methods — is available in Korean and in English on the website: http://seoulglobalchallenge.sba.kr/en/

SBA Seoul Global Challenge Media Team
+82-2-2222-3726
[email protected]
http://seoulglobalchallenge.sba.kr/en/

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Xinhua Silk Road: 137 projects with investment of RMB91.15 bln contracted in east China’s Jiangyin

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BEIJING, Oct. 20, 2020 /PRNewswire/ — 137 projects involving a total investment of 91.15 billion yuan were signed at the Jiangyin Symposium on Economic and Trade Cooperation held on last Friday in Jiangyin city, east China’s Jiangsu province.

Of the total projects, 15 were foreign-invested ones with a total investment of 3.52 billion yuan.

In terms of investment fields, 111 were manufacturing projects with a total investment of 64.02 billion yuan, covering such fields as new energy, new materials, and auto parts. The remaining 26 projects with a total investment of 27.13 billion yuan were service projects related to intelligent warehousing, transportation and logistics, biomedicine, cross-border e-commerce and other areas.

Nearly 500 businessmen from more than ten countries and regions including Italy, the U.K., Japan, the Republic of Korea (ROK) and Israel attended the Jiangyin Symposium on Economic and Trade Cooperation.

During the event, three major projects, namely the e-commerce industrial park of Jiangyin, foreign trade and live-streaming sales promotion festival, as well as China-ROK cross-border e-commerce project, were also launched.

Jiangyin has been ranked first in the list of China’s top 100 counties (cities) in terms of industrial strength for three consecutive years, with its high-end textile and clothing, special steel, high-end equipment manufacturing, special vessels and marine equipment leading the country.

In 2019, Jiangyin became the first county-level city in China with total economic volume exceeding 400 billion yuan.

In recent years, Jiangyin has been taking steps to open wider to the world. It has set up trade ties with nearly 200 countries and regions, and gathered over 3,300 foreign-funded enterprises of various types. A batch of the world’s top 500 enterprises such as CITIC Group, Mitsubishi Group and Doosan has made investment in Jiangyin.

Original link: https://en.imsilkroad.com/p/316914.html

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Finalist Teams Announced for 2020 Asia Super Team: Reach for the Stars

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Ngan hang TMCP Ban Viet to compete for USD$50,000 prize package

TAIPEI, Oct. 20, 2020 /PRNewswire/ — Asia Super Team is here again. 2020 is the seventh consecutive year the "Taiwanese government" has hosted the international competition together with "Taiwan External Trade Development Council", "TAITRA". This year, the theme is Reach for the Stars, with four-member corporate finalist teams — from Japan, Vietnam, Indonesia, Malaysia, South Korea, Singapore, Thailand, and the Philippines — who have qualified to participate in the November finals competition.

The eight teams are already preparing for the challenge to earn the Asia Super Team title. Due to COVID-19, this will be the first time the competition will be held completely online, so teams can experience Taiwan from the comfort and safety of their own environments. The champion team will win an incentive travel package to Taiwan for their company valued at US$50,000.

Be sure to follow the latest news and developments on the official MEET TAIWAN fan page. Plus enter a lucky draw for one roundtrip ticket to Taiwan by casting a vote. To support the Ngan hang TMCP Ban Viet team from Vietnam, log on to the official website during November 9-15 to cast a vote. Don’t miss out.

  • Event Duration: 18:00 November 9 to 23:59 November 15 (GMT +8)
  • Official Voting Website: asiasuperteam.meettaiwan.com
  • MEET TAIWAN Official Fan Page: www.facebook.com/meettaiwan

There were more than a thousand of applications for the Asia Super Team competition from businesspeople in Vietnam. Congratulations to Ngan hang TMCP Ban Viet for advancing to the second stage finals.

Asia Super Team Finalists:

  • JTB GMT (Japan): With 508 offices in 39 countries, they are a popular travel agency in Japan, promoting and facilitating overseas travelers.
  • NG Bio Co., Ltd. (Korea): A cosmetic manufacturer from Korea, providing popular products such as Pacomeri hand sanitizers throughout Asia.
  • Social Collider (Singapore): A leading co-work space rental company in Singapore, providing space, facilities, and other rental services to social enterprises in Singapore.
  • Balance Gaming Network (Thailand): A leading e-sports company in Thailand, building an e-sports network throughout America, Europe, Australia and South Eastern Asia.
  • St Nivel Tour Sdn Bhd (Malaysia): The leading travel agency in Malaysia, Perak, providing travel assistance to companies and individuals.
  • Teleperformance Philippines (the Philippines): The largest outsourced omnichannel customer experience management company in the Philippines, with more than 30,000 workstations in a variety of businesses.
  • Telkom Indonesia (Indonesia): The biggest telecom company in Indonesia, providing internet, digital communication services, and more.
  • Ngan hang TMCP Ban Viet (Vietnam): One of the leading banks in Vietnam, with 27 years of operation.

For more Asia Super Team information, please check asiasuperteam.meettaiwan.com

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