Home Automation Devices Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Home automation is utilization of intelligent terminals, which is automation system to control home appliances and equipment. Increase in awareness for efficient energy usage, rise in electricity prices, and technological advancements are expected to drive the home automation market growth.

MARKET DYNAMICS

The factors that impact the global home automation market include development of innovative & energy efficient automated systems, growth in IoT market, increase in importance of home monitoring from remote locations, rise in consumer awareness related to availability of smart home devices such as automated security & lighting systems, and stringent government regulations. The adoption of home automation systems is increasing, owing to development of the construction industry and increase in demand for energy efficiency in smart homes & buildings.

MARKET SCOPE

The "Global Home Automation Devices Market Analysis to 2031" is a specialized and in-depth study of the home automation devices market with a special focus on the global market trend analysis. The report aims to provide an overview of home automation devices market with detailed market segmentation by product, technology, type. The global home automation devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading home automation devices market players and offers key trends and opportunities in the home automation devices market.

MARKET SEGMENTATION

The global home automation devices market is segmented on the basis of product, technology, type. On the basis of product, the market is segmented as lighting control, security and access control, HVAC control, entertainment control, others. On the basis of technology, the market is segmented as wired, wireless. On the basis of type, the market is segmented as luxury, managed, mainstream, do it yourself (DIY)

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global home automation devices market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The home automation devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting home automation devices market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the home automation devices market in these regions.

Home Automation Devices Market Report Analysis

Home Automation Devices Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• ABB
• ADT Inc.
• Control4 (Wirepath Home Systems, LLC)
• Crestron Electronics Inc.
• Honeywell International Inc.
• Johnson Controls International plc
• Legrand
• Savant Systems, Inc.
• Schneider Electric

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Product

• Lighting Control
• Security and Access Control
• HVAC Control
• Entertainment Control

By Technology

• Wired
• Wireless

By Type

• Luxury
• Managed
• Mainstream
• Do It Yourself

MARKET PLAYERS

The reports cover key developments in the home automation devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from home automation devices market are anticipated to lucrative growth opportunities in the future with the rising demand for home automation devices market. Below mentioned is the list of few companies engaged in the home automation devices market.

The report also includes the profiles of key home automation devices market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   ABB
  
•   ADT Inc.
  
•   Control4 (Wirepath Home Systems, LLC)
  
•   Crestron Electronics Inc.
  
•   Honeywell International Inc.
  
•   Johnson Controls International plc
  
•   Legrand
  
•   Savant Systems, Inc.
  
•   Schneider Electric
  
•   Siemens AG
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Home Automation Devices Market Report Scope