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Home Automation System Market by Product By Region – Global Opportunities and Forecast, 2020-2027

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Gmi Research

Global Home Automation System Market

The GMI Research presumes that the Home Automation System Market will enlarge in size over the forecast period. The increasing tendency of installing home supervision systems among individuals and rising recognition towards effective power consumption will fuel the market growth.

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Introduction of the Home Automation System Market

Home automation means a network that includes communication systems, electronic interfaces, and hardware to help incorporate daily devices with internet. Further, these systems are the advancement in the automation processes wherein both human efforts and the machinery equipment are needed to function several loads in homes.

Key Players of the Global Home Automation System Market:

  • Honeywell International, Inc.
  • Control4 Corporation
  • Legrand S.A.
  • Crestron Electronics Inc.
  • Johnson Controls, Inc.
  • Lutron Electronics, Inc.
  • Siemens AG
  • Ingersoll-Rand Plc
  • Schneider Electric SE
  • ABB Group

Home Automation System Market Dynamics

The accelerating penetration of smartphones and internet throughout the world is the foremost factor responsible for the growth of the global Home Automation System Market. The aggravating endorsement of the internet of things (IoT), primarily in the emerging nations and the ongoing innovations in the product base will further stimulate the market growth. Also, the surge in the consumer awareness about the power saving property of home mechanisation systems has allured a large number of customers towards the market.

Several leading vendors are increasingly emphasising on enlarging their product portfolio to meet the altering demand of individuals. Further, the amplification in the electricity power is persuading them to choose for sophisticated home mechanisation system to conserve energy and decrease their electricity bill. Also, the government across developing nations, such as India and China have introduced enormous initiatives to encourage efficient usage and manage electricity consumption.

For example, China’s five-year plan focuses on power efficiency projects, and the European 2020 scheme emphasis on attaining a net-zero power consumption in public and private buildings. Further, the norms enforced by several governments’ bodies encourage the acquisition of smart automated controls during the forecast period. On the other hand, the inflated initial installation cost of the home automation systems will restrain the Home Automation System Market Size.

Product Segment Drivers

The entertainment and other controls are projected to boom during the forecast period. The extensive demand for smart meters and smoke detectors has supplemented the market growth. Further, the growing prominence of smart plugs, hubs, and locks will impel the market demand. Several major market players, such as, Creston Electronics, Inc., Elan Home Systems, and Leviton Manufacturing Co, Inc., are innovating novel products to earn a competitive advantage over other players. Additionally, the enlargement in the product portfolio will attract customers seeking advanced entertainment systems such as smart speakers.

Regional Drivers

Asia-pacific is contemplated to seize the largest share over the forecast period. This is because of the soaring number of residential construction projects and the increasing requirement to boost the building infrastructure throughout the Asian Countries.  Further, the rapid surge in population rate in countries like Japan and South Korea has raised the market demand. Moreover, the evolving need for energy management systems to conserve energy and decrease the electricity bill will propel the
Home Automation System Market Share.

Home Automation System Market Segmentation:

Segmentation by Product
  • Lightning Control
  • Relays
  • Occupancy Sensors
  • Daylight Sensors
  • Timers
  • Dimmers
  • Switches
  • Accessories and Other Products
  • Security and Access Control
  • Video Surveillance
  • Hardware
  • Security Cameras
  • Storage Devices
  • Monitors
  • Accessories
  • Software/Video Analytics
  • Services
  • Access Control
  • Biometric Access Control
  • Facial Recognition
  • Iris Recognition
  • Fingerprint Recognition
  • Others
  • Non-Biometric Access Control
  • HVAC Control
  • Smart Thermostats
  • Sensors
  • Control Valves
  • Heating and Cooling Coils
  • Dampers
  • Actuators
  • Pumps & Fans
  • Smart Vents
  • Entertainment and Other Controls
  • Entertainment Control
  • Audio, Volume, & Multimedia Controls
  • Home Theatre System Controls
  • Touchscreens and Keypads
  • Other Controls
  • Smart Meters
  • Smart Plugs
  • Smart Hubs
  • Smart Locks
  • Smoke Detectors
Segmentation by Software & Algorithm
 
  • Behavioural
  • Proactive
Segmentation by Region:
  • North America
    • United States of America
    • Canada

 

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

 

About GMI Research

GMI Research renowned market intelligence and consulting organisation is committed to support clients in handling the strategic business problems. Our market perceptions and acumen facilitate our clients with information not recognised by them.

 

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: [email protected]
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

 

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