$60.2 Billion Home Automation System Global Market to 2026
DUBLIN, June 10, 2021 / PRNewswire / – The report, “Home Automation Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026” has been added to the offering from ResearchAndMarkets.com.
The global market for home automation systems reached a value of $ 60.2 billion in 2020. Home automation or a smart home system involves integrating intelligent technology into homes for security, convenience and energy saving. It includes the control and computerization of lighting, heating, ventilation and air conditioning (HVAC) and security systems. Over time, digitalization has increased consumer spending on home automation systems, which allow homeowners to control, monitor, and automate various functions, devices, and systems throughout the home with the push of a button. This development of the automated home has resulted in an integrated and centralized operational control that makes the life of the user more convenient and convenient.
Home automation systems are gaining traction worldwide due to their various advantages, such as notifying users of intruders and activity in their homes, which in turn helps prevent potential crime. They also help to minimize energy consumption and increase operational efficiency. In addition, the improvement in living standards and the availability of affordable home automation solutions have encouraged consumers from all income groups to install these systems in their homes.
In addition, by using the Internet of Things (IoT) in these systems, everything from devices to security systems can be controlled with smart home devices. This technology also allows users to monitor their home remotely via an interface on a computer, tablet or smartphone. Because of this, several tech giants like Apple, Google, Microsoft, and Samsung have invested in the home automation business. Looking ahead, the publisher expects the global home automation system market to grow at a CAGR of 8.7% in the period 2021-2026.
The market is highly fragmented, with numerous manufacturers competing on price and quality.
Some of the leading players in the market are:
- Siemens AG
- Honeywell International, Inc.
- Johnson Controls, Inc.
- Schneider Electric SE
- Legrand SA
- Ingersoll-Rand PLC
- ABB Ltd.
- Acuity Trademarks, Inc.
- Samsung Electronics Co., Ltd.
Key questions answered in this report:
- What are the attractive opportunities in the global home automation systems market?
- What are the market drivers of the Global Home Automation Systems Market?
- What is the impact of COVID-19 on the global home automation systems market?
- What are the challenges facing the global home automation systems market?
- What are the success and risk factors for the global home automation systems market?
- What are the historical, current, and future market trends in the global Home Automation Market?
- How is the global home automation market segmented by application?
- How is the global home automation market segmented by type?
- How is the global home automation market segmented geographically?
- What is the performance of the major players in the global home automation market?
Key topics covered:
2 Scope and methodology
4 home automation system
4.2 SWOT analysis
4.3 Value chain analysis
4.3.1 Product manufacturer
4.3.2 Dealers / Distributors
4.3.3 Consultant / Architect
4.3.4 System integrator
4.3.6 End users
4.4 Attractive opportunities in the home automation systems market
4.5 Porter’s Five Forces Model
4.5.1 Threat from new entrants
4.5.2 Proxy threat
4.5.3 Bargaining power of suppliers
4.5.4 Bargaining power of buyers
4.5.5 Intensity of competitive rivalry
5 market dynamics
6 Home Automation Systems Market
6.1 Market performance
6.1.1 Volume trend
6.2 Effects of COVID-19
6.3 Market Division by Application
6.4 Market division by type
6.5 Market breakdown by region
7 Home Automation Systems Market: Performance By Application
7.1 Lighting control
7.1.1 Current and historical market trends
7.1.2 Market breakdown by region
7.1.3 Market outlook
7.2 Security and Access Control
7.2.1 Current and historical market trends
7.2.2 Market breakdown by region
7.2.3 Market outlook
7.3 HVAC control
7.3.1 Current and historical market trends
7.3.2 Market breakdown by region
7.3.3 Market outlook
7.4 Entertainment and other controls
7.4.1 Current and historical market trends
7.4.2 Market breakdown by region
7.4.3 Market outlook
8 Home Automation Systems Market: Performance by Type
8.1 Managed Home Automation Systems
8.1.1 Current and historical market trends
8.1.2 Market outlook
8.2 Mainstream home automation systems
8.2.1 Current and historical market trends
8.2.2 Market outlook
8.3 DIY home automation systems (Do-It-Yourself)
8.3.1 Current and historical market trends
8.3.2 Market outlook
8.4 Luxurious (custom) home automation systems
8.4.1 Current and historical market trends
8.4.2 Market outlook
9 Home Automation Systems Market: Performance By Geography
10 competitive landscape
10.2 Competitive situation and development
11 company profiles
11.1 Siemens AG
11.1.1 Products offered
11.1.2 Financial overview
11.2 Honeywell International, Inc.
11.2.1 Products offered
11.2.2 Financial overview
11.3 Johnson Controls Inc.
11.3.1 Products offered
11.3.2 Financial overview
11.4 Schneider Electric SE
11.4.1 Products offered
11.4.2 Financial overview
11.5.1 Products offered
11.5.2 Financial overview
11.6 Ingersoll-Rand PLC
11.6.1 Products offered
11.6.2 Financial overview
11.7 ABB Ltd.
11.7.1 Products offered
11.7.2 Financial overview
11.8 Acuity Brands, Inc.
11.8.1 Products offered
11.8.2 Financial overview
11.9 Samsung Electronics Co., Ltd.
11.9.1 Products offered
11.9.2 Financial overview
Please visit https://www.researchandmarkets.com/r/jamqu0 for more information on this report
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