Home Automation System Market Insights | Key players : Legrand, Ingersoll-Rand PLC, Schneider Electric SE and ABB Ltd.


According to the new market research report "Home Automation System Market by Protocol and Technology (Network and Wireless), Product (Lighting, Security and Access Control, HVAC and Entertainment Control), Software and Algorithm (Behavioral and Proactive), and Geography - Global Forecast to 2022", The Home automation market is expected to grow from USD 39.93 billion in 2016 to USD 79.57 billion by 2022, at a CAGR of 11.3% during the forecast period.

Home automation refers to the automation and security of home and household activities. It may be used for isolated programmable devices, e.g., thermostats and sprinkler systems. But, home automation precisely describes homes in which lights, appliances, electrical outlets, heating and cooling systems, and others are connected to a remotely accessible network. Thus, Home automation systems enable power savings and also helps in enhancing the standards of living.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=469

The home automation systems have also been classified on the basis of protocol & technology into network technology, protocol & standards, and wireless technology. The home automation system market has been segmented on the basis of product into lighting control, security and access control, HVAC control, entertainment control products, and others. The market is segmented on the basis software and algorithms into behavioral and proactive type and on the basis of geography into North America, Europe, Asia Pacific, and Rest of the World.

The lighting control market to grow at the highest CAGR during 2017–2022

The lighting control market is expected to grow at the highest CAGR during the forecast period. The market for lighting control is expected to grow at a higher rate because it reduces the electricity consumption in homes as the sensors adjust the intensity of artificial light according to the intensity of natural light. Moreover, the growing environmental concerns have helped spread awareness regarding the importance of home automation and home energy management measures. As a result of this scenario, lighting controllers now play a vital role in reducing the electricity consumption within the household, along with offering comfort to the users.

The Home automation market by proactive solutions to grow at the highest rate during forecast period.

By software and algorithm type, proactive solutions expected to grow with the highest CAGR during forecast period. The proactive solutions are specifically designed to enable consumers to understand energy patterns and take effective measures to reduce their consumption. Some of the advanced algorithms can also ask the end user to send the feedback across regarding whether the recommendations sent by the proactive solutions were true and useful. This enables the user and service companies to test the functionality and reliability of the home automation systems.

North America to hold a major share of the Home Automation market in 2016

North America held the largest share of the global home automation system market in 2016. Factors such as the increasing demand for reliable home energy management systems, enhanced home security levels, and the growing popularity of integration of smart devices such as tablets and smartphones in home automation solutions are driving the growth of the market in this region. Furthermore, this region is also home to some of the key players in the global home automation market, such as Acuity Brands, Inc. (U.S.) ADT Corporation (U.S.), Control4 Corporation (U.S.), Crestron Electronics, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Honeywell International Inc. (U.S.), United Technologies Corporation (U.S.), and Johnson Controls Inc. (U.S.).

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=469

Major players involved in the market include Legrand (France), Ingersoll-Rand PLC (Ireland), Schneider Electric SE (France), Honeywell International, Inc. (U.S), ABB Ltd. (Switzerland), Control4 Corporation (U.S), Crestron Electronics, Inc. (U.S), Johnson Controls, Inc. (U.S), and Siemens AG (Germany).

Comments

Post a Comment

Popular posts from this blog

Sustainable Practices Boost Demand for Pressure Transmitters in Water & Wastewater Treatment

  The global pressure transmitter market is poised for substantial growth, driven by the increasing demand across various industries. Among these, the water and wastewater treatment industry is anticipated to register the highest growth rate during the forecast period. This growth is fueled by the rising need for efficient and reliable pressure measurement solutions to ensure safe and effective water treatment processes. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=937 Importance of Pressure Transmitters in Water & Wastewater Treatment Pressure transmitters play a crucial role in the water and wastewater treatment industry. They are essential for monitoring and controlling the pressure within pipelines, tanks, and other critical infrastructure. Accurate pressure measurement is vital for: Process Optimization : Ensuring optimal pressure levels helps in maintaining the efficiency of treatment processes, reducing energy consumption, and min...
Read more

Retail & Logistics: Driving Growth in the Mesh Gateway Market

The mesh gateway market is poised for substantial growth, with the retail and logistics sectors emerging as key contributors. As businesses increasingly adopt digital transformation strategies, the demand for reliable, scalable, and efficient network solutions has skyrocketed. Mesh gateways, known for their ability to enhance network coverage and reliability, are becoming integral to these sectors. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=191463907 Understanding Mesh Gateways Mesh gateways are networking devices that facilitate the interconnection of various network nodes, forming a robust and seamless communication network. Unlike traditional networking solutions, mesh gateways allow each node to connect to multiple other nodes, creating a web-like structure. This architecture ensures continuous connectivity, even if one node fails, as the network can dynamically reroute data through other available nodes. Why Retail & Logistics? ...
Read more

Future Insights: Energy & Utilities to Drive Cellular Modem Market Expansion

The cellular modem market is poised for substantial growth between 2023 and 2028, with the Energy & Utilities segment expected to hold the largest market share. This trend is driven by several factors, including the increasing demand for advanced communication technologies to enhance operational efficiency, safety, and remote monitoring capabilities within the sector. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=135102534 Key Factors Driving Growth in the Energy & Utilities Segment Enhanced Communication Needs : The Energy & Utilities sector requires robust and reliable communication solutions to manage extensive networks of equipment and infrastructure. Cellular modems offer seamless connectivity, which is crucial for real-time data transmission and remote management. This capability is particularly important for ensuring the efficient operation and maintenance of energy grids, water systems, and othe...
Read more