Acumen Research and Consulting Home Automation Market Size to Hit $ 65 Billion by | Page 3

market. Globally, the increase in electricity prices has increased house owners’ operating budgets. The housing and hospitality industries are important end- users of the domestic automation market. Increasing commodity prices, including carbon, significantly increase electricity generation costs and, in turn, increase energy costs for end-users. Home automation helps end users to regulate their use, thus reducing their electricity costs. Home automation controls provide economical electricity utilization and further reduce electricity use in lighting, security and HVAC systems. View Detail Information with Complete TOC@ https://www.acumenresearchandconsulting.com/home- automation-market Regional Outlook On the regional basis, global home automation market can be segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Domestic automation, due to the incorporation of these products and services in lifestyles and the high adopt rate of modern technology, has gained momentum in developed countries in the last decade. Home automation in these countries, particularly in the US and Western Europe, is in further technological progress in the form of smart home automation in response to the same. This is a significant factor in the growth of North America’s and Europe’s domestic automation market. In addition, in developing economies worldwide like China, India and Brazil the home automation markets are increasingly acceptable because the mid-income group’s disposable incomes are growing significantly and luxurious lifestyles become more preferable. During the forecast period, the automation market in Asia Pacific is expected to see prominent growth. In this area, the automation market is expected to grow at a compound annual growth rate of more than 7% over the prediction period, as a result of increasing adoption in India. In addition, the projected growth of the home automation market will be fuelled over the prognose period in other Asian countries, such as Indonesia, Taiwan and South Korea. Would like to place an order or any question, please feel free to contact at [email protected] | [phone]