Home Automation Market Size, Future Forecasts, and Status Report By 2021
Global home automation market is expected to grow at a higher CAGR in the forecast period due to the rise in demand for high-tech home appliances.
Global home automation market is expected to grow at a higher CAGR in the forecast period due to the rise in demand for high-tech home appliances.
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<strong>Home</strong> <strong>Automation</strong> <strong>Market</strong> <strong>Size</strong>, <strong>Future</strong> <strong>Forecasts</strong>,<br />
<strong>and</strong> <strong>Status</strong> <strong>Report</strong> <strong>By</strong> <strong>2021</strong><br />
“<strong>Home</strong> automation industry is driven by factors such as need for highperforming<br />
alternatives for residential applications used for lighting, energy,<br />
entertainment, safety <strong>and</strong> HVAC. Safety <strong>and</strong> security segment is expected to<br />
rise at a higher CAGR in the forecast period.”<br />
Global home automation market is expected to grow at a higher CAGR in the forecast period due to the rise in<br />
dem<strong>and</strong> for high-tech home appliances. <strong>Home</strong> appliances are high end products that use advanced digital<br />
technology for automation of products <strong>and</strong> systems. Advantages in using home automation systems include better<br />
efficiency <strong>and</strong> enhanced performance in automating home or household activities to centralize the control system.<br />
Today’s consumer expects customize systems <strong>and</strong> dem<strong>and</strong> professionally installed systems which is easy <strong>and</strong><br />
convenient for them to use. Devices such as fans, television sets, air conditioners, motors, heater, lighting systems<br />
etc are the ones that are typically used in residences. Commercially, with the increase in energy consumption &<br />
population, the need to conserve energy is much desired. Users normally use a web or <strong>and</strong>roid application to give<br />
instructions to these systems.<br />
Technologies such as Wi-Fi, GSM, Bluetooth <strong>and</strong> ZigBee are used in some communication methods to control the<br />
devices <strong>and</strong> configurations. Such remotely enabled devices are particularly available in the market for end-users<br />
<strong>and</strong> cater to multiple objectives. Overall, the market growth for home automation industry is anticipated to rise at a<br />
double-digit CAGR in the forecast period.<br />
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https://www.millioninsights.com/industry-reports/home-automation-market
<strong>Home</strong> automation industry is driven by factors such as need for high-performing alternatives for residential<br />
applications used for lighting, energy, entertainment, safety <strong>and</strong> HVAC. Safety <strong>and</strong> security segment is expected to<br />
rise at a higher CAGR in the forecast period. Additionally, the energy-conscious population in need for better energy<br />
management solution is gaining traction. Therefore, this factor is anticipated to drive the market in the forecast<br />
period.<br />
<strong>Home</strong> automation Industry is segmented into lighting, safety <strong>and</strong> security, HVAC, entertainment, robotics <strong>and</strong><br />
health care, based on application. Based on networking technology, the home automation industry is segmented<br />
into wired home automation systems, computing network home automation systems, power-line home<br />
automation systems <strong>and</strong> wireless home automation systems.<br />
Based on product, the home automation industry is segmented into lighting control, relays, occupancy sensors,<br />
dimmers, timers, switches, security access & control, video surveillance, hardware, cameras, monitors, accessories,<br />
software/video analytics, services <strong>and</strong> access control. Based on software & algorithm, the home automation<br />
industry is segmented into behavioral <strong>and</strong> proactive.<br />
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<strong>Home</strong> automation market is segmented into mainstream home automation system, luxury home automation<br />
systems, managed home automation systems, <strong>and</strong> DIY (Do it yourself) home automation systems. Based on<br />
geography, the home automation industry spans North America, Latin America, Europe, Middle-East <strong>and</strong> Africa.<br />
North America dominates the market <strong>and</strong> is likely to continue dominating in the forecast period owing to high-tech<br />
end-user solutions.<br />
APAC regions are expected to rise at a higher CAGR in the forecast period owing to rise in manufacturing sector <strong>and</strong><br />
availability of large market. The key players in the home automation market include Crestron Electronics Inc., 2GIG<br />
Technologies, iControl Networks Inc., ADT Corporation, AMX LLC, Control4 Corporation, Siemens AG, Honeywell<br />
International Inc, Johnson Controls, Vantage Controls, <strong>and</strong> Schneider Electric SA.<br />
<strong>Market</strong> Segmentation:<br />
This report studies sales (consumption) of <strong>Home</strong> <strong>Automation</strong> in Global market, especially in North America,<br />
Europe, China, Japan, Southeast Asia <strong>and</strong> India, focuses on top players in these regions/countries, with sales,<br />
price, revenue <strong>and</strong> market share for each player in these regions, covering<br />
• ABB<br />
• Crestron Electronics
• Cytech Technology<br />
• Honeywell International<br />
• Ingersoll-R<strong>and</strong><br />
• Johnson Controls<br />
• Legr<strong>and</strong><br />
• Schneider Electric<br />
• Siemens<br />
• United Technologies Corporation<br />
See More <strong>Report</strong>s of This Category by Million Insights @<br />
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<strong>Market</strong> Segment by Regions, this report splits Global into several key Regions, with sales (consumption),<br />
revenue, market share <strong>and</strong> growth rate of <strong>Home</strong> <strong>Automation</strong> in these regions, from 2011 to <strong>2021</strong> (forecast), like<br />
• North America<br />
• China<br />
• Europe<br />
• Japan<br />
• Southeast Asia<br />
• India<br />
Split by product types, with sales, revenue, price, market share <strong>and</strong> growth rate of each type, can be divided into<br />
• Lighting Control<br />
• Security & Access Control<br />
• HVAC Control
Split by applications, this report focuses on sales, market share <strong>and</strong> growth rate of <strong>Home</strong> <strong>Automation</strong> in each<br />
application, can be divided into<br />
• Application 1<br />
• Application 2<br />
• Application 3<br />
Browse Full Research <strong>Report</strong> @<br />
https://www.millioninsights.com/industry-reports/home-automation-market<br />
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