Home Automation Market 2019: Global Industry Exhibits Huge Growth by Top Key Players, Research, Analysis, Application and Analysis 2027

Home Automation research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. The report is a direct window to the Home Automation market as it consists what the key players and brands are doing when it comes to recent developments, products launches, research, joint ventures, merges and acquisitions.

This report studies the Home Automation market. In contrast to the traditional banking business model, Home Automation is the move to online banking where banking services are delivered over the internet. It has all the same functions as a head office, branch office, online service, bank cards, ATM and point of sale machines.

Some of The Leading Players of Home Automation Market

  1. Johnson Controls International Plc
  2. Siemens AG
  3. Legrand
  4. Schneider Electric SE
  5. Honeywell International Inc.
  6. Control4 Corporation
  7. ABB Ltd.
  8. Crestron Electronics Inc.
  9. Leviton Manufacturing Company, Inc.
  10. Lutron Electronics Co., Inc
  11. Ingersoll-Rand plc

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Market Insights
Aging population in US will drive the home automation market during the forecast period
The US comprises of a huge number of aging population and it is further expected to reach around 72 million by 2030. About two-third of the severely disabled older people are solely dependent on the family for assisted care. This results in great stress for the young working population of the country. Thus, a more feasible and scalable solution is required to meet this demand. Enabling the aging people to live self-reliantly instead of in an adult care facility helps in providing financial savings along with improving the quality of life, reduction in the burden on aged care facilities, and deliver relief to family members. Several home automation solutions such as video surveillance and security alarms are beneficial for elderly people and these systems are expected to drive the growth of home automation market in the US.

Rising cost of energy worldwide resulting in the increased adoption of home automation systems
The electricity prices globally are increasing constantly with the increasing demand for electricity. For instance, on an average, Mexico’s electricity prices are 25% higher than US and Canada. In 2016, the residential rate in Mexico increased by 22% for high-consumption users. Also, in June 2016, electricity prices for residential customers in South Australia were increased. This has created a concern for people residing in different countries regarding energy and cost savings. Thus, home automation solutions particularly, climate control solutions and lighting control solutions are expected to witness a growth and drive the home automation market. These solutions helps the users to control their electricity bills by operating lighting and thermostats of their houses.

Global Home Automation- Market Segmentation

By Product

  • Entertainment Centers
  • Security & Access Control
  • Lighting Control
  • Climate Control
  • Outdoor Automation System

By Networking

  • Wired Home Automation Systems
  • Wireless Home Automation Systems
  • Power-Line Home Automation Systems

Strategic Insights
Market initiative was observed as the most adopted strategy in global home automation market. Few of the recent strategies by some of the players in home automation market landscape are listed below-

2017: Schneider Electric signed partnership with Claroty for joint automation partner program.

2017: Creston Partnered with Sonos for the expansion of dealer offering.

2017: Legrand acquired OCL Architectural Lighting for serving OCL’s architectural lightning solution for commercial and high-end residential buildings especially in the US.

2017: Johnson Controls has launched a new Metasys 9.0 building automation system which offers substantial developments to the existing Metasys product line that consist of new IP/Ethernet-based controllers and user interface (UI) features.

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Table of Contents

  1. INTRODUCTION
  2. KEY TAKEAWAYS
  3. RESEARCH METHODOLOGY
  4. HOME AUTOMATION MARKET LANDSCAPE
  5. HOME AUTOMATION MARKET - KEY MARKET DYNAMICS
  6. HOME AUTOMATION MARKET - GLOBAL MARKET ANALYSIS
  7. HOME AUTOMATION MARKET - REVENUE AND FORECASTS TO 2027 - TECHNOLOGY TYPE
  8. HOME AUTOMATION MARKET - REVENUE AND FORECASTS TO 2027 – SERVICES
  9. HOME AUTOMATION MARKET - REVENUE AND FORECASTS TO 2027 – APPLICATION
  10. HOME AUTOMATION MARKET - REVENUE AND FORECASTS TO 2027 - END-USER
  11. HOME AUTOMATION MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
  12. INDUSTRY LANDSCAPE
  13. HOME AUTOMATION MARKET, KEY COMPANY PROFILES
  14. APPENDIX

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Posted by on Monday June 24 2019, 10:40 AM EDT. All trademarks acknowledged. Filed under Business Services, Featured Press Release, Technology Hardware & Equipment, Technology, Media, & Telecommunications. Comments and Trackbacks closed. Follow responses: RSS 2.0

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