Global Home Automation Market

The global home automation market will gain from the rapid adoption of smart home technology. Recently Fortune Business Insights™ published a report, titled "Home Automation Market Size, Share and Global Trend by Product Type (Luxury Home Automation System, Mainstream Home Automation System, Managed Home Automation System, DIY Do It Yourself Home Automation System), Application (Safety and Security, Lighting, Entertainment (Audio and Video), Heating, Ventilation and Air conditioning), Networking Technology (Wired Home Automation System, Wireless Home Automation System) and Geography Forecast till 2025." As per the report, in 2017 the global home automation market was worth US$ 45.8 Bn.

The global market is anticipated to expand at a CAGR of 12.1% and reach US$ 114 Bn by the end of 2025. In terms of application, the lighting segment held the highest market share in 2017. The segment accounted for 25% of the global home automation market. The segment is expected to witness impressive growth during the forecast period 2018-2025. Growth witnessed in this segment is attributable to the increasing need for reducing energy consumption. This is likely to propel the demand in the global home automation market.

Honeywell Emerges Dominant in Global Market with its Advanced Control Strategies

Honeywell International Inc., emerged dominant in the global home automation market in 2017. The growth witnessed is due to advanced control strategies adopted by the organization. Honeywell is also known for investing and acquiring start-ups to offers its products in various nations.

Key Companies Covered In The Report:

• Crestron Electronics Inc.
• AMX LLC (Harman)
• Control4 Corporation
• Honeywell International Inc.
• Johnson Controls Inc.
• Siemens AG
• Savant Systems LLC.
• ABB Ltd.

Report Overview:

The report provides qualitative and quantitative insights on the home automation industry and detailed analysis of market size & growth rate for all possible segments in the market. The market is segmented by product type, applications, networking technology, and geography. By product type, the global home automation market is categorized into the luxury home automation system, mainstream home automation system, managed home automation system, and DIY (Do It Yourself Home Automation System).

Based on applications, the global market is segmented into safety and security, lighting, entertainment (Audio and Video), heating, ventilation, air conditioning, and others. Based on networking technology, the global market is segmented into wired home automation system and wireless home automation system. Geographically, the market is segmented into five major regions, which are North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Along with this, the report provides an elaborative analysis of the market dynamics and competitive landscape. The report also provides insights on SWOT analysis of key companies, recent industry developments such as mergers & acquisitions, the regulatory scenario in key countries, an analysis in relation to alternative therapies to home automation, reimbursement scenario, and key industry trends.

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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions.