Home Automation System Market - Key Futuristic Trends and Competitive Landscape 2025

According to Verified Market Intelligence, The Global Home Automation System Market was valued at USD 42.73 Billion in 2017 and is projected to reach USD 97.62 Billion by 2025, growing at a CAGR of 10.9% from 2018 to 2025.

Home automation system helps in making various home appliance operations more convenient and energy saver. It is involved in controlling all the electronic devices in home automatically using wireless technology. It includes all the equipment such as air conditioning, lighting equipment, audio/video systems, kitchen appliances, security systems and many more that are commonly used in the home system. Home automation system consists of a user interface for controlling the system that either uses wall-mounted terminals or devices such as mobile phones, computers etc. Increasing technological developments in home appliances and equipment contribute to the growth of the home automation system market.

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Growing importance of home monitoring system, rising technological advancements, increasing awareness among the consumers regarding efficient energy saver has been driving the global home automation system market. While high initial investment costs and lacking awareness might hinder the overall growth at a global level.

The “Global Home Automation System Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as ABB Ltd., AMX LLC. (Harman), Control4 Corporation, Crestron Electronics, Inc., Honeywell International Inc., Johnson Controls Inc., Savant Systems LLC., Siemens AG, Vantage Controls (Legrand), and Zigbee alliance. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

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