Home Automation System Market – Global Opportunities and Forecast, 2020-2027
The market report aims to provide an overview of the industry through detailed market segmentation. The report provides thorough information regarding the overview and scope of the market, along with the market drivers, restrains, and key trends. It covers both the quantitative and qualitative aspects of the industry in each region and country participating in the study.
Key Drivers of the Home Automation
System Market:
The major factors responsible for the
growth of the global home automation system market
include the increasing adoption of the Internet of Things (IoT), particularly
in developed economies, and the rapid rise in the number of smartphones,
followed by internet users globally. The increasing consumer awareness
associated with the energy-efficient home automation systems and the rising
trend of home monitoring systems from remote locations will attract many
customers in the market. Several multinational giants are mainly aiming to
expand their product portfolio to capture the shifting demand of the end-users.
Rapid product development will create new opportunities in the market, thus
boosting the demand for home automation systems globally.
The rise in the electricity price is
promoting the consumer to opt for advanced home automation systems to save
energy and decrease the electricity bill simultaneously. The government in
developing countries such as India and China are introducing various
initiatives to encourage effective electricity consumption utilization and
management. For example, China’s five-year plan targets energy efficiency
projects, coupled with the European 2020 initiative aims to reach net-zero
energy consumption in public and private buildings. The increasing regulations
implemented by various governments are encouraging the adoption of smart,
automated controls in the upcoming years. On the other edge of the spectrum,
the high initial installation cost of the home automation systems will hinder
the growth of the market.
This report splits the Home Automation
System Market as follows:
By Product:
·
Lighting Control
o
Relays
o
Occupancy Sensors
o
Daylight Sensors
o
Timers
o
Dimmers
o
Switches
o
Accessories and Other Products
·
Security and Access Control
o
Video Surveillance
§ Hardware
·
Security Cameras
·
Storage Devices
·
Monitors
·
Accessories
§ Software/Video Analytics
§ Services
o
Access Control
§ Biometric Access Control
·
Facial Recognition
·
Iris Recognition
·
Fingerprint Recognition
·
Others
§ Non-Biometric Access Control
·
HVAC Control
o
Smart Thermostats
o
Sensors
o
Control Valves
o
Heating and Cooling Coils
o
Dampers
o
Actuators
o
Pumps & Fans
o
Smart Vents
·
Entertainment and Other
Controls
o
Entertainment Control
§ Audio, Volume, &
Multimedia Controls
§ Home Theatre System Controls
§ Touchscreens and Keypads
o
Other Controls
§ Smart Meters
§ Smart Plugs
§ Smart Hubs
§ Smart Locks
§ Smoke Detectors
By Software & Algorithm:
·
Behavioural
·
Proactive
By Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining
countries of the LAMEA region)
Competitive
Landscape:
The home automation system market report
also scans the competitive landscape and profiles the major players operating
in the market including Legrand S.A., Honeywell International, Inc., Johnson
Controls, Inc., Siemens AG, ABB Group, Schneider Crestron Electronics Inc.,
Ingersoll-Rand Plc, Lutron Electronics, Inc., Control4 Corporation, Electric
SE, among others.
About GMI
Research
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look forward to help businesses stay ahead of the curve.
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