Technavio has been monitoring the smart home water sensor and controller market in North America and it is poised to grow by USD 162.20 million during 2020-2024, progressing at a CAGR of over 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Smart Home Water Sensor and Controller Market in North America 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions-
- What are the major trends in the market?
- Advancements in smart home water sensors and controllers is one of the major trends in the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of over 11%, the incremental growth of the market is anticipated to be USD 162.20 million.
- Who are the top players in the market?
- Conservation Labs Inc., Loop Labs Inc., Moen Inc., OVAL Digital Inc., Phyn LLC, Resideo Technologies Inc., Roost Inc., Samsung Electronics Co. Ltd., Waxman Industries Inc., and Winland Electronics Inc. are some of the major market participants.
- What are the key market drivers and challenges?
- Growth in construction projects in North America is one of the major factors driving the market. However, the high cost of smart home water sensors and controllers restraints the market growth.
- How big is the US market?
The US region will contribute 71% of market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Conservation Labs Inc., Loop Labs Inc., Moen Inc., OVAL Digital Inc., Phyn LLC, Resideo Technologies Inc., Roost Inc., Samsung Electronics Co. Ltd., Waxman Industries Inc., and Winland Electronics Inc. are some of the major market participants. The growth in construction projects in North America will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Smart Home Water Sensor and Controller Market in North America 2020-2024: Segmentation
Smart Home Water Sensor and Controller Market in North America is segmented as below:
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Smart Home Water Sensor and Controller Market in North America 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The smart home water sensor and controller market in North America report covers the following areas:
- Smart Home Water Sensor and Controller Market Size in North America
- Smart Home Water Sensor and Controller Market Trends in North America
- Smart Home Water Sensor and Controller Market Analysis in North America
This study identifies advancements in smart home water sensors and controllers as one of the prime reasons driving the smart home water sensor and controller market growth in North America during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Smart Home Water Sensor and Controller Market in North America 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist smart home water sensor and controller market growth in North America during the next five years
- Estimation of the smart home water sensor and controller market size in North America and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the smart home water sensor and controller market in North America
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of smart home water sensor and controller market vendors in North America
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Technology
- Market segments
- Comparison by Technology
- Wi-Fi technology – Market size and forecast 2019-2024
- Other technologies – Market size and forecast 2019-2024
- Market opportunity by Technology
- Geographic segmentation
- Geographic comparison
- US – Market size and forecast 2019-2024
- Canada – Market size and forecast 2019-2024
- Mexico – Market size and forecast 2019-2024
- Market opportunity by geography
- Market drivers – Demand led growth
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Competitive Scenario
- Vendors covered
- Market positioning of vendors
- Conservation Labs Inc.
- Loop Labs Inc.
- Moen Inc.
- OVAL Digital Inc.
- Phyn LLC
- Resideo Technologies Inc.
- Roost Inc.
- Samsung Electronics Co. Ltd.
- Waxman Industries Inc.
- Winland Electronics Inc.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
List of abbreviations
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