Press release
Home Automation Market 2022: Advance Technology, Business Overview, Demand, Revenue and Forecast 2031
Home Automation Market
The regions covered in the Home Automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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The home automation market consists of sales of home automation devices by entities (organizations, sole traders, and partnerships) that use hardware and software technologies that allow users to control and manage their home's appliances and devices. A home automation system is a technological solution that allows the majority of electrical, electronic, and technology-based activities in a home to be automated. Home automation is also referred to as domotics, and a home equipped with an automation system is referred to as a smart home.
Key competitors in the Home Automation market include ABB, Crestron Electronics Inc., Schneider Electric, Honeywell International Inc., Johnson Controls Inc., Siemens AG, Legrand, Control4, Home Brain, Savant Systems Inc., Lutron Electronics Company, Sauter AG, United Technologies Corporation, Bosch Security and Safety Systems, Silvan Innovation Labs, Elan Home Systems LLC, Fueb and Harman International.
The global home automation market size is expected to grow from $54.41 billion in 2021 to $61.62 billion in 2022 at a compound annual growth rate (CAGR) of 13.3%. The change in the home automation market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $95.07 billion in 2026 at a CAGR of 11.4%.
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TBRC's report segments the global Home Automation market:
1) By Product: Lighting Control, Security and Access Control, HVAC Control, Entertainment, Others
2) By Technology: Wired Home Automation System, Wireless Home Automation System
3) By End-User: Residential, Commercial, Others
Read further on the Home Automation market here:
https://www.thebusinessresearchcompany.com/report/home-automation-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Home Automation Market Characteristics
3. Home Automation Market Trends And Strategies
4. Impact Of COVID-19 On Home Automation Market
5. Home Automation Market Size And Growth
.....
27. Home Automation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Home Automation Market
29. Home Automation Market Future Outlook And Potential Analysis
30. Appendix
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