DUBLIN–(BUSINESS WIRE)–The “Home Automation System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.
The global home automation system market reached a value of US$ 60.2 Billion in 2020. Looking forward, the publisher expects the global home automation system market to grow at a CAGR of 8.7% during 2021-2026.
Home automation, or a smart home system, involves the incorporation of intelligent technology into homes for safety, comfort, and energy conservation. It includes the control and computerization of lighting, heating, ventilation, and air conditioning (HVAC), and security systems. With time, digitization has increased the consumer spending on home automation systems which enable homeowners to control, monitor and automate various functions, appliances and systems around the house with the touch of a button. This evolution of automated homes has resulted in integrated and centralized control of operations, making the lives of users more comfortable and convenient.
Home automation systems are gaining traction across the globe due to their various advantages such as notifying the users about intruders and activities at their homes, which in turn aids in preventing potential crimes. They also help in minimizing energy consumption and increasing operational efficiency. Besides this, improving living standards and the availability of affordable home automation solutions have encouraged consumers from all income segments to install these systems in their homes.
Furthermore, with the use of Internet of Things (IoT) in these systems, everything from appliances to security systems can be controlled with smart home devices. This technology also enables users to monitor their home from another location using an interface on a computer, tablet or smartphone. Owing to this, several technology giants like Apple, Google, Microsoft and Samsung have invested in the home automation business.
Companies Mentioned
Siemens AG Honeywell International Inc. Johnson Controls Inc. Schneider Electric SE Legrand SA Ingersoll-Rand PLC ABB Ltd. Acuity Brands Inc. Samsung Electronics Co. Ltd Key Questions Answered in This Report:
What are the attractive opportunities in the global home automation system market? What are the market drivers of the global home automation system market? What has been the impact of COVID-19 on the global home automation system market? What are the challenges faced by the global home automation system market? What are the success and risk factors for the global home automation system market? What are the historical, current and future market trends in the global home automation market? How is the global home automation market segmented on the basis of the application? How is the global home automation market segmented on the basis of the type? How is the global home automation market segmented on the basis of geography? What is the performance of the key players in the global home automation market? Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Home Automation System
4.1 Overview
4.2 SWOT Analysis
4.3 Value Chain Analysis
4.4 Attractive Opportunities in the Home Automation System Market
4.5 Porter’s Five Forces Model
5 Market Dynamics
5.1 Drivers
5.2 Challenges
6 Home Automation System Market
6.1 Market Performance
6.1.1 Volume Trend
6.1.2 Value Trend
6.2 Impact of COVID-19
6.3 Market Breakup by Application
6.4 Market Breakup by Type
6.5 Market Breakup by Region
7 Home Automation System Market: Performance by Application
8 Home Automation System Market: Performance by Type
9 Home Automation System Market: Performance by Geography
10 Competitive Landscape
11 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/hpacxt