Global Room Automation System Market Overview:
Room Automation is also called as home automation or smart home. A room automation system is refers to an advance technological result that permits automating the bulk of electronic, electrical and technology-based tasks within a room. Additionally, room automation systems are improvement to the mechanization developments wherein human energies are needed with the machinery equipment’s to work several loads in rooms. Room automation system will control lightening, climate, environment system and appliances. Main benefit of the room automation is energy saving. According to AMA, the Global Room Automation System market is expected to see growth rate of 11.3%
- Up Surging Awareness about Energy Efficient Light Sources
- Increasing Dependency of Smartphones and Smart Gadgets
- Increasing Demand due to Supportive Government Regulations
- Adoption of Light Management Systems
- Low Awareness about Home Automation Product
- High Initial Investment
- Fueling Demand of Room Automation Due to Use of IOT
Some of the key players profiled in the report are Legrand (France), Ingersoll-Rand PLC (Ireland), Schneider Electric SE (France), Honeywell International, Inc. (United States), Siemens AG (Germany), ABB Ltd. (Switzerland), AMX LLC. (Harman) (United States), Control4 Corporation (United States), Crestron Electronics, Inc. (United States) and Johnson Controls Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like Vantage Controls (Legrand) (United States), Zigbee alliance (United States) and Savant Systems LLC. (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Room Automation System market by 2026. Considering Market by Technology, the sub-segment i.e. Wired will boost the Room Automation System market. Considering Market by Service, the sub-segment i.e. Luxury will boost the Room Automation System market.
Latest Market Insights:
On 15th November 2018, Legrand a leading manufacturer of switches and sockets in the world has acquired French hardware startup Netatmo.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Room Automation System market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Room Automation System market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Room Automation Manufactures/Vendors, Automation & Control Networking Technology Vendors, Real Estate Businessman’s, Component Constructers (Sensors & Controls), Software Developer, Government Bodies Involved In Green Buildings, Government and Private Research organization and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.