Home Automation System Market 2021-2027
New Study Reports "Home Automation System Market 2021 Global Sizing and Growth, Dynamics, Competitive Landscape, SWOT Analysis and Forecasts 2027" has been Added on Market Research Future.
Market Overview
This report provides in depth study of “Home Automation System Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Home Automation System Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
The study objectives of Home Automation System Market report are continuously involved in the research of the profile of key players that are established in recent times to keep the record updated. To keep the growth rate very smooth and stable, the research team carefully go through the manufacturing company’s strategy & planning of development and then analyze them for growth opportunity.
The professional study and research Home Automation System Market report consider the growth that is estimated according to the market size every year.
Global Home Automation System market is expected to reach approximately USD 65,626.30 Billion by 2026 growing at a 12.35% CAGR over the forecast period 2019-2026.
Home Automation System has achieved great popularity in the last few decades as it provides comfort, convenience, quality of life and security to the residents. It can be designed and developed by using a single controller which can control and monitor different interconnected appliances such as power plugs, lights, temperature and humidity sensors, smoke, gas and fire detectors as well as emergency and security system. The greatest advantage of home automation system is that it can be controlled and managed easily by various devices such as smartphones, tablets, desktops, and laptops. Home automation system uses various wireless communication techniques such as Bluetooth, GSM, ZigBee, Wi-Fi, and others to communicate with the microcontroller. The market of home automation system is expected to grow due to the increased demand for features such as the convenience of remote operation and exceptional experience offered by smart home automation.
The home automation system market is expected to witness growth in the forecast period due to advancement in technology. There has been a rapid increase in the number of internet users over the past decade. Also, the widespread use of smartphones and the emergence of IoT technology are the major driving factors for the growth of home automation market. However, lack of awareness about home automation products and high initial investments in home automation may restraint the adoption of home automation systems.
Key Players
The report has profiled some of the Important players prevalent in the global like – Honeywell International Inc. (U.S.), Acuity Brands, Inc. (U.S.), Johnson Controls Inc. (U.S.), United Technologies Corporation (U.S.), Crestron Electronics, Inc. (U.S.), Legrand (France), Schneider Electric Se (France), ABB Ltd. (Switzerland), Samsung Electronics Co., Ltd. (South Korea), Siemens Ag (Germany),and more.
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Segmentation
By Product, the market is segmented into Lighting Control, Climate Control, Security and Access Control, HVAC Control, Entertainment Control, Energy Management Control and others.
By Protocol & Technology, the market is into Network and Wireless. By Network Technology, the market is segmented into CDMA, GSM/HSPA, LTE network. By Protocol, the market is segmented into Digital Addressable Lighting Interface(DALI),Ethernet, LONWORKS, BACnet among others. By Wireless Technology market is segmented into IR, Zigbee, Z-wave, Wi-Fi, Bluetooth, etc.
By Software & Algorithm market is segmented into Behavioral and proactive.
Regional Analysis
The geographical analysis of global recommendation market is done for regions like North America, Europe, Asia Pacific, and rest of the world. Among these regions, the market is mostly dominated by North America during the forecast year. North America is expected to drive the home automation market due to technological advancement, consumer awareness, fast internet connectivity and the presence of major players of home automation system market such as United Technologies Corporation (U.S.), Honeywell International Inc. (U.S.), Johnson Controls Inc. (U.S.), Crestron Electronics, Inc. (U.S.), Acuity Brands, Inc. (U.S.) and others. Also, the increased demand for HVAC & energy management has significantly driven regional growth. The market in APAC is expected to grow at the highest CAGR due to a rapid increase in the residential projects and need to strengthen the building infrastructure. In developing countries like India, the market is expected to rise owing to the increasing investments in infrastructure to improve the standard of living.
Key Stakeholders
Home Automation System Market Manufacturers
Home Automation System Market Distributors/Traders/Wholesalers
Home Automation System Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Key Points from Table of Content:
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Global Home Automation System Market, By Component
6 Global Home Automation System Market, by Technology
7 Global Home Automation System Market, by Application
8 Global Home Automation System Market, By Industry
9 Global Home Automation System Market, By Region
10 Competitive Landscape
And more
Continued...
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