Market Research Reports - Ken Research Global Home Automation Market Research Report

Home Automation Global Market to Prosper Owing to Technological Evolution - Ken Research
Home automation involves provision of advanced digital technology and high end solutions for
automated products. The technology manages to deliver better efficiency and performance in
every household activity via the strong centralized control of the system. The home automation
system market environment mainly comprises of- interface manufacturers, system integrators,
and distributors.
The evolution of smart home automation recently has offered numerous advantages, like
system scalability and easy extension, aesthetical benefits, integration of mobile devices,
maximizing home security, remote control of home functions, increased energy efficiency,
improved appliance functionality, and home management insights.
The industry research report titled, “Home Automation Market Analysis By Component
(Hardware, Software, Service), By Application (Lighting, Security and Access Control, HVAC
and Entertainment Control), By Technology, By Region And Segment Forecast Till 2025”
provides an extensive insight and analysis of the Home Automation Market over the next seven
years and acts as a significant point of reference for operators or suppliers.
The home automation market is mainly split by (a) technology basis; wherein showcasing of
revenue, market share and growth rate of each type is provided largely divided into Wired and
Wireless and (b) by component basis; wherein the revenue, market share and growth rate of
each type, are primarily segregated into Hardware, Software and Services and (c) by
applications basis; wherein focuses on the status and perception for major applications, market
share and growth rate for each application are present including Lighting, HVAC, Entertainment
Control and Security & Access Control.
This global market involves the markets in regions namely: North America, Europe, Asia Pacific,
the Middle East, Africa and Latin America, with revenue, market share and growth rate wherein
the leading market players include ABB Ltd., Electronic Control Corporation, Crestron
Electronics Inc., Honeywell International Inc., Ingersoll-Rand PLC., Johnson Controls, Legrand
SA., Schneider Electric SE., Siemens AG., Leviton Manufacturing Company Inc., and Lutron
Electronics Co. Inc.
The global home automation system market had registered a valuation of around USD 39.93
Billion in 2016 which has been foreseen to further grow at a decent CAGR of 11.3% in the
coming years. The augmenting adoption across residential applications is expected to be the
major demand driver for the industry. Also, factors involving significant IoT market growth, cost
reduction in home automation systems, and convenience of remote operations will help in
bolstering expansion of the home automation system market.