India Home Automation Market Growth, Regions, Technology, Analysis of Trends and Forecasts 2026

The industry that offers intelligent and automated solutions for managing many elements of domestic environments, from heating, cooling, and entertainment to lighting, security, and appliances, is known as the home automation market. Due to technological improvements, rising consumer awareness, and the demand for enhanced comfort, energy efficiency, and security in homes, this market has experienced tremendous expansion in recent years.

The India home automation market size was valued at $1,790.9 million in 2018, and is expected to reach $13,574.1 million by 2026, growing at a CAGR of 29.8% during the forecast period 2019-2026.

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Home automation systems in India 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, thus driving the India home automation market growth. However, the home automation market in Indian cities and rural regions is in its nascent stage, and is expected to witness significant growth in the future. Pune and Mumbai are anticipated to provide lucrative opportunities for the market players, owing to improvement in access to wireless technologies in these cities.

The security & safety segment dominated the market in India in 2018 owing to considerable adoption of smart technologies such as smart bulb, smart camera, and smart refrigerator as compared to the other sectors. Increase in government initiatives, such as Digital India, for the development of smart cities has fueled the adoption of home automation systems in India.

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Top Players:
The key market players profiled in the report include Fueblabs, Larsen & Toubro, Schneider, Johnson Controls, Harman International, Home Brain, PERT, Silvan Innovation, Oakter, and Elan Home Systems. Many companies have focused on new product launches to strengthen their presence in the market. Moreover, these companies expand their business by marketing and merging small businesses to sustain the intense competition. For instance, Schneider Electric launched 'Xperience Point' in Gurugram in August 2018. The new store is expected to host the company's entire suite of products for home automation. This includes products such as variety of color plates, distribution board covers, and protection devices.

Along with this, they also displayed products that are digitized and connected to ensure sustainability and efficiency, along with providing style and comfort quotient to the homes.

The security and safety segment registered the highest revenue after lighting in the India home automation market share in 2018. HVAC is expected to grow during the forecast period, owing to increase in demand for smart HVAC systems in residential and commercial sectors in India. For instance, Johnson Controls developed and launched Metasys 10.0 in December 2018. It is designed to deliver more unified building management.

It provides the facility personnel with smarter building automation, faster responses to critical alarms and new integrations in fire detection, security, and lighting systems with a single common interface. Similarly, in January 2019, Johnson Controls launched advanced sound conditioner that is optimized for low frequency sound attenuation. The product features target the specific frequencies of sound generated by air handling units (AHUs).

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