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Rising Trend of Home Automation Boosts Smart Home Hub Sales

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Rising Trend of Home Automation Boosts Smart Home Hub Sales

August 25
09:01 2021
Rising Trend of Home Automation Boosts Smart Home Hub Sales
Smart Home Hub Market
The Smart Home Hub Market report also sheds light on the supply chains and the changes in the trends of the upstream raw materials and downstream distributors.

A smart home hub is a central hub or gateway connecting and controlling all smart devices including kitchen appliances, entertainment devices and gadgets, lighting systems, and home security systems installed in a house. Using a smart home hub, these devices can be accessed remotely through centralized software and applications. This home automation system eliminates the need for manual operation of smart home appliances and enables the user to design a personalized sequence of everyday automated tasks, ranging from turning on and off thermostats or lights to home access control.

Growing need for more comfortable, secure, and energy-efficient homes and increased consumer spending on home automation systems are among the major factors prompting growth of the global smart home hub industry. Introduction of top-of-the-line home automation devices such as Amazon Echo Plus, Samsung SmartThings Hub, and Google Home Hub – which seamlessly connect with a wide range of smart home products at a time – further drives industry growth.

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The report offers a comprehensive analysis of niche market areas and provides strategic recommendations to the new players and established companies to make lucrative and well-informed business decisions. The report analyzes the key companies engaged in the industry along with their product portfolio, business overview, strategic expansion plans, revenue generation, market share and size, regional presence, and production and manufacturing capacity. The report also sheds light on the recent mergers and acquisitions, joint ventures, collaborations, agreements, product launches, and deals and partnerships, among others,

Top companies in the Smart Home Hub market include: Gооglе Іnс, Ѕесurіfі, Аmаzоn, Flех (Wіnk Lаbѕ), LG Еlесtrоnісѕ, Lоgіtесh, Аррlе, Inc., Vеrа Соntrоl, Місrоѕоft Соrроrаtіоn, ЅmаrtВеіngѕ, and Соntrоl4 Corporation among others.

Market Overview:

Power and energy industry comprises of key companies operating in fuel, petroleum, natural gas, and nuclear power markets. Constant production of energy and power is imperative for country’s economic growth. It also covers exploration and production of oil and gas reserves, oil and gas drilling, and refining industries. Power and energy sector is one of the most diversified sector across the globe. Rapid industrialization and urbanization has increased the dependency on power and energy and industries today consume large amounts of fuel making energy industry a crucial element of today’s industrial infrastructure.

With increasing focus on sustainable energy and alternative sources of energy to mitigate global warming, countries today are heavily investing in hydroelectric power, solar power, and wind energy. Widespread demand for energy and power has led to the emergence of lucrative growth opportunities in the market and accelerated revenue growth of the retail energy markets. However, negative environmental impact of prolonged use of fossil fuels, depletion of energy resources, and increasing amount of pollutants in the atmosphere are some key restraining factors. Increasing automation in power and energy industry, integration of advanced technology like AI, growing focus on hybrid and electric vehicles, and increasing emphasis on improve energy variability and costs for residential and commercial buildings and vehicles are set to open new paths for the growth of the energy and power sector.

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The report sheds special focus on the factors that propel the growth of the industry. For better understanding, the report segments the Smart Home Hub market into key divisions such as types, applications, end-use, technology, region, and others. These segments are extensively analyzed to offer better forecast for the global and regional market and key factors influencing their growth are also covered in the report.

Туре Outlook: (Revenue, USD Billion; 2018 – 2028)

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Аррlісаtіоn Outlook: (Revenue, USD Billion; 2018 – 2028)

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Regional Analysis Covers:

North America (U.S.A., Canada, Mexico)

Europe (U.K., Italy, Germany, France, Rest of Europe)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

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