Home Automation Market Growth Dynamics Hits a CAGR of 17.6% To Reach USD 239.9 billion by 2030 | ABB, ADT, Creston Electronics

Home automation systems have witnessed an unprecedented demand in the recent years, due to increased concerns about safety & security, especially in urban areas. Moreover, factors such as improved lifestyle, increase in disposable income of people, and surge in awareness about smart automated systems have boosted the adoption of home automation systems.

According to AMR, the home automation market size was valued at $46.6 billion in 2020, and is expected to reach $239.9 billion by 2030, registering a CAGR of 17.6% from 2021 to 2030

The report also highlights the qualitative aspects in the study. Additionally, the unit takes in the key findings, in terms of market overview and investment prospects. The market report also involves the competitive landscape containing the profiles of top ten major players in the industry. The frontrunners have been thoroughly assessed based on their revenue size, service/product portfolio, regional presence, key plans & policies, and overall contribution to the growth of the market.

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Major Key Players of the Home Automation Market are:
ABB, ADT, Creston Electronics, Inc., Honeywell International Inc., Ingresoll Rand, Johnson Controls, Larsen & Toubro Ltd., Legrand, Samsung Electronics Co., Ltd. and Schneider Electric.

Over the years, we have been administering market intelligence studies across an array of industries for organizations of different types such as profit & not-for-profit organizations, big-scale & large-scale organizations, and many more. We look at numerous aspects of internal & external business environment disturbing the growth stratagems of business ventures.

The global Home Automation report offers quantitative and qualitative analysis of the market from 2021 to 2030. The qualitative study emphasizes on the value chain analysis, pain point analysis, and key regulations.
• Value chain analysis: AMR offers a complete analysis of all the stages along with the key stakeholders functioning in every stage with their strategic decisions on board.
• Key regulations: Allied Market Research provides key regulations and standards for the Home Automation Market. The section also presents some of the regulatory documents of the product type.
• Pain point analysis: The report also offers insights on the key challenges faced by the stakeholders in the industry. The strategic decisions adopted by the market players to maintain their foothold in the market are also discussed through the report.

COVID-19 Impact Analysis on the global Home Automation:

The outbreak of the pandemic has had a huge impact across the globe, which impeded the socio-economic development. Therefore, the Home Automation Market report doles out a micro- and macro-economic assessment of the industry throughout the pandemic. The study further provides a qualitative breakdown of the impact of Covid-19 on the market.

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Key Market Segments -

BY APPLICATION -
Lighting
safety & security
HVAC
Entertainment
Others

BY TECHNOLOGY -
Wired
Wireless

BY END USER -
Residential
Commercial

The report provides a study of the past and current market trends and evaluates the future opportunities. The Home Automation market study focuses on the market trends and upcoming opportunities that help understand the driving factors of the market. In addition, the report offers granular, robust, and qualitative data.

The report includes a brief summary of the market along with a SWOT analysis of the major market players and their financial analysis. The report covers a business overview and portfolio analysis of services that major companies offer. The study analyzes the recent market developments such as expansion, joint ventures, and product launches. Moreover, the study aids new business entrants and stakeholders to understand the long-term profitability of the market.

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Table of Content:
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Home Automation Market Size
2.2 Home Automation Market Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Home Automation Market Size by Manufacturers
3.2 Home Automation Market Key Players Head office and Area Served
3.3 Key Players Home Automation Market Product/Solution/Service
3.4 Date of Enter into Home Automation
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Home Automation Market Sales by Product
4.2 Global Home Automation Market Revenue by Product
4.3 Home Automation Market Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Home Automation Market Breakdown Data by End User

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