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The Asia Pacific smart home and buildings market is anticipated to grow at a CAGR of 37.1% during the forecast period. The smart homes and buildings market offers superior safety and security arrangements, addressing major concerns of the end users. Automation has allowed round the clock self-operated surveillance, which works in a highly efficient manner, providing information through smart application at any place and any time, minimizing the concerns of consumers. The trend of older population living away has given rise to the development of mobile health, addressing the concern of safety and security of the elderly. Mobile health gives easy access to healthcare applications which can be used to monitor health of the elderly.
The development of mobile health is indeed a driving factor for smart homes and buildings market, as more number of nuclear families will lead to higher adoption of technology and drive revenue flow of the market. The report highlights the adoption of Smart Homes & Buildings market, in Asia Pacific region. Based on the Components, the Smart Homes & Buildings Market is segmented into Energy management, Lighting control, Heating, ventilation and air conditioning (HVAC) controls, Appliance and entertainment control, Safety and Security and Home healthcare segments. Based on the connectivity, the Smart Homes & buildings market Bluetooth, Zigbee, Cellular Technology Technology markets.
The market is further bifurcated into Government Organizations, Residential Users and Commercial User segments on the basis of the End Users. Based on the products, the market is segmented into Safety & Security, Controllers, Home Appliance & Entertainment Controllers segments. The Safety & Security Products/Devices Market segment is segmented as Surveillance Cameras, Door Locks, Smoke Detectors & Fire Sprinklers sub-segments. On the basis of type, Controllers segment is further bifurcated Light Sensors, Motion Sensors, CO2 Sensors, Dimmers, Timers and Energy Efficient Lights sub-segments.
Based on the End Users, the Home Appliance & Entertainment Controllers Market is segmented into Thermostats, Thermostats Products/Devices, Remote Controls and Smart Plugs & Energy Monitors sub-segment. On the basis of country, the market is further segmented into China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia Pacific. Key Players profiled in the report includes Cisco Systems, Control4 Corporation, Leviton Manufacturing Company Inc., United Technologies Corporation, Emerson Electric Co., Honeywell International, Inc. and Siemens AG, Robert Bosch GmbH.