Home automation involves the deployment of automation technologies, which include HVAC, appliance automation, centralized controls of lighting, security mechanisms, access control for gates and doors, and devices and mechanisms, in a residential facility to enhance comfort, optimize operational costs, and prevent energy wastage.
The increased need for energy conservation in GCC is a key growth driver for this market. During 2015, the annual per capita energy consumption accounted to around 11.5 MWh in the GCC, which was much higher than other developed economies such as France, Japan, Italy, the UK, and Germany. As a result, governments in the region have called for conservative strategies in residential, commercial, and industrial buildings to solve power crisis. The use of HVAC controls, lighting controls, and other similar building automation solutions throughout the lifespan of the building can conserve power and minimize power wastage.
Market Analysis and Insights: Global Home Automation Market
Home Automation market size is projected to reach US$ 49690 million by 2027, from US$ 45250 million in 2019, at a CAGR of 9% during 2021-2027.
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A full report of Global Home automation Market is available at: https://www.orionmarketreports.com/home-automation-market/33166/
The following players are covered in this report:
- Siemens
- ABB
- Bosch Security System
- Control4
- Eaton
- GE
- Legrand
- Lutron
- Sauter
- United Technologies
Home Automation Breakdown Data by Type
- Lighting Control
- Security and Access Control
- HVAC Control
- Fire and Safety Control
- Services
Home Automation Breakdown Data by Application
- Apartment
- Villa
Scope of the Report
The research study analyzes the global Home automation industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Home Automation Market Report
1. What was the Home Automation Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Home Automation Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Home Automation Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Home Automation market.
- The market share of the global Home Automation market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Home Automation market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Home Automation market.
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