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Home Automation System Market: Global Forecast until 2022

  • April 2017
  • 211 pages
  • ID: 3812628
In this report:
North America is expected to register a shipment of ##,##.## thousand units by 2022, at a CAGR of ##.##% during the forecast period, owing to the presence of major companies that provide HVAC control systems and solutions in the region, such as Honeywell International Inc. (U.S.), Johnson Controls Inc. (U.S.), and United Technologies Corporation (U.S.).

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"Home Automation System market likely to exhibit significant increase potential between 2017 and 2022"

The home automation system market is anticipated to be valued at ~$79.6B by 2022, increasing at a compound annual growth rate (CAGR) of 11.30 percent between 2017 and 2022. The top driving factors for the increase ot the home automation system market are the rise in IoT, cost reduction measures, big number of manufacturers widening their products review, and growing importance of remote home monitoring. Nevertheless, since many products are reaching maturity level and home automation system market is more of a convenience-driven market than necessity-driven, the increase of this sector might be limited to some extent.

"Market for lighting control forecasted to grow at the maximal rate during the outlook period"

The industry for lighting control is anticipated to rise at an important rate because it reduces the electricity consumption in homes as sensors adjust the intensity of artificial light according to the intensity of natural light. Lighting control offers flexibility with respect to the lighting operation, which improves the ambiance, interior decoration, and productivity.

"Proactive segment forecasted to hold the most important share of the home automation system market for software & algorithm during the estimate period"

The proactive segment is forecasted to hold the biggest size of the home automation system market during the outlook period. Proactive solutions are specifically designed to enable consumers to comprehend energy patterns and take effective measures to minimize their consumption. Proactive solutions are more beneficial as they can also send recommendation signals to end users for taking necessary energy reduction actions and can then control the electronic devices established on the users' actions.

"Asia-Pac forecasted to be the quickest developing market during the estimate period"

The sector in Asia-Pacific is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period due to the presence of a significant number of new residential projects and strengthening of the building infrastructure. The presence of a huge end-user base in advanced economies including Japan and South Korea (KR) and the increasing demand for energy management systems are further anticipated to drive the home automation system market in this area.

Breakdown of the profiles of primary members taking part for the study:

• By Company category: Tier 1 = 45.0 percent, Tier 2 = 35.0 percent, and Tier 3 = 20.0 percent

• By Description: C-suite executives = 50.0 percent, Managers = 30.0 percent, and Others = 20.0 percent

• By Area: North America (NA) = 60.0 percent, EU = 20.0 percent, Asia-Pac = 15.0 percent, and RoW = 5.0 percent

The top players in the home automation system market contain Honeywell (NYSE:HON), Legrand, Ingersoll-Rand PLC, Schneider Electric (SU), and ABB Ltd. (NYSE:ABB), Control4 Corporation, Crestron Electronics, Incorporated, Johnson Controls, Incorporated, and Siemens AG.

Segment Research

The research report on the overall home automation system market contains segments including network and technology, product, software & algorithm, and area. The industry is studied on the basis of network technology, protocol and standards, and wireless technology. On the basis of product, the sector is divided into lighting control, security & access control, HVAC control, and entertainment control & others. Established on software & algorithm, the industry has been broken down into behavioral and proactive software algorithms. The analysis includes four main regions: North America continent, Europe (EU), Asia Pacific (APAC), and Rest of the globe.

Main highlights

- The market research includes the illustrative segmentation, review, and estimate for the sector established on network and technology, product, software & algorithm, and area.

- The porter's five forces scheme has been utilized, together with the value chain study, to offer a detailed insight into the home automation system market.

- The main drivers, market restraints, alternatives, and opportunities for the home automation system market have been precised in this industry report.

- The in-depth competitive landscape includes top players, complete study, and market share of the main actors.

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