Home Automation Market to 2025 - Global Analysis and Forecasts by Product (Entertainment Centers, Security & Access Control, Lighting Control, Climate Control and Outdoor Automation System) and Networking (Wired, Wireless and Power-Line)
The Home Automation Market is expected to grow from US$ 40.10 Bn in 2017 to US$ 113.82 Bn by 2025 at a CAGR of 13.93% between 2017 and 2025.
Home Automation market is described as a range of on-premises or cloud-based capabilities that enable a house control its various operations such as in-door temperature, lights, entertainment units and security controls with the help of devices, such as smartphone, tablets and sensor remote controls. The concept of home automation has been in existence since long, however, lately, due to the suitable confluence of vital market, strategic, regulatory and technology trends, the home automation market is expected to witness a new phase in home automation market growth trend.
Get more information on this report : Home Automation Regional Markets
Market Insights
Aging population in US will drive the home automation market during the forecast period
The US comprises of a huge number of aging population and it is further expected to reach around 72 million by 2030. About two-third of the severely disabled older people are solely dependent on the family for assisted care. This results in great stress for the young working population of the country. Thus, a more feasible and scalable solution is required to meet this demand. Enabling the aging people to live self-reliantly instead of in an adult care facility helps in providing financial savings along with improving the quality of life, reduction in the burden on aged care facilities, and deliver relief to family members. Several home automation solutions such as video surveillance and security alarms are beneficial for elderly people and these systems are expected to drive the growth of home automation market in the US.
Rising cost of energy worldwide resulting in the increased adoption of home automation systems
The electricity prices globally are increasing constantly with the increasing demand for electricity. For instance, on an average, Mexico’s electricity prices are 25% higher than US and Canada. In 2016, the residential rate in Mexico increased by 22% for high-consumption users. Also, in June 2016, electricity prices for residential customers in South Australia were increased. This has created a concern for people residing in different countries regarding energy and cost savings. Thus, home automation solutions particularly, climate control solutions and lighting control solutions are expected to witness a growth and drive the home automation market. These solutions helps the users to control their electricity bills by operating lighting and thermostats of their houses.
Get more information on this report : Home Automation Market by Geography
Strategic Insights
Market initiative was observed as the most adopted strategy in global home automation market. Few of the recent strategies by some of the players in home automation market landscape are listed below-
2017: Schneider Electric signed partnership with Claroty for joint automation partner program.
2017: Creston Partnered with Sonos for the expansion of dealer offering.
2017: Legrand acquired OCL Architectural Lighting for serving OCL’s architectural lightning solution for commercial and high-end residential buildings especially in the US.
2017: Johnson Controls has launched a new Metasys 9.0 building automation system which offers substantial developments to the existing Metasys product line that consist of new IP/Ethernet-based controllers and user interface (UI) features.
Global Home Automation- Market Segmentation
By Product- Entertainment Centers
- Security & Access Control
- Lighting Control
- Climate Control
- Outdoor Automation System
- Wired Home Automation Systems
- Wireless Home Automation Systems
- Power-Line Home Automation Systems
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Asia Pacific (APAC)
- Japan
- China
- India
- Australia
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
- South America (SAM)
- Brazil
- Johnson Controls International Plc.
- Siemens AG
- Legrand
- Schneider Electric SE
- Honeywell International Inc.
- Control4 Corporation
- ABB Ltd.
- Crestron Electronics Inc.
- Leviton Manufacturing Company, Inc.
- Lutron Electronics Co., Inc.
- Ingersoll-Rand Plc.
1.1 Scope of Study
1.2 The Insight Partners Research Report Guidance
2 Key Takeaways
3 Home Automation Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.2.1 Home Automation Market – By Product
3.2.2 Home Automation Market – By Networking
3.2.3 Market – By Region
3.2.3.1 By Countries
3.3 PEST Analysis
3.3.1 North America – PEST Analysis
3.3.2 Europe – PEST Analysis
3.3.3 Asia Pacific – PEST Analysis
3.3.4 Middle East and Africa – PEST Analysis
3.3.5 South America – PEST Analysis
4 Home Automation Market – Key Industry Dynamics
4.1 Impact Analysis
4.2 Key Market Drivers
4.3 Key Market Restraints
4.4 Key Market Opportunities
4.5 Future Trends
5 Home Automation Market Analysis- Global
5.1 Global Home Automation Market Overview
5.2 Global Home Automation market forecast and analysis
6 Home Automation Market Revenue and Forecasts to 2025 – Product
6.1 Overview
6.2 Product market forecast and analysis
6.3 Entertainment Centers Market
6.3.1 Overview
6.3.2 Entertainment Centers market forecast and analysis
6.4 Security & Access Control Market
6.4.1 Overview
6.4.2 Security & Access Control market forecast and analysis
6.5 Lighting Control Market
6.5.1 Overview
6.5.2 Lighting Control market forecast and analysis
6.6 Climate Control Market
6.6.1 Overview
6.6.2 Climate Control market forecast and analysis
6.7 Outdoor Automation System Market
6.7.1 Overview
6.7.2 Outdoor Automation System market forecast and analysis
7 Home Automation Market Revenue and Forecasts to 2025 – Networking
7.1 Overview
7.2 Networking market forecast and analysis
7.3 Wired Home Automation Systems Market
7.3.1 Overview
7.3.2 Wired Home Automation Systems market forecast and analysis
7.4 Wireless Home Automation Systems Market
7.4.1 Overview
7.4.2 Wireless Home Automation Systems market forecast and analysis
7.5 Power-Line Home Automation Systems Market
7.5.1 Overview
7.5.2 Power-Line Home Automation Systems market forecast and analysis
8 Home Automation Market Revenue and Forecasts to 2025 – Geographical Analysis
8.1 North America
8.1.1 North America Home Automation market overview
8.1.2 North America Home Automation market forecast and analysis
8.1.2.1 North America market forecast and analysis – By Countries
8.1.2.1.1 US market
8.1.2.1.2 Canada market
8.1.2.1.3 Mexico market
8.1.2.2 North America market forecast and analysis – By Product
8.1.2.3 North America market forecast and analysis – By Networking
8.2 Europe
8.2.1 Europe Home Automation market overview
8.2.2 Europe Home Automation market forecast and analysis
8.2.2.1 Europe market forecast and analysis – By Countries
8.2.2.1.1 France market
8.2.2.1.2 Germany market
8.2.2.1.3 Italy market
8.2.2.1.4 Spain market
8.2.2.1.5 UK market
8.2.2.2 Europe market forecast and analysis – By Product
8.2.2.3 Europe market forecast and analysis – By Networking
8.3 Asia pacific (APAC)
8.3.1 Asia Pacific Home Automation market overview
8.3.2 Asia Pacific Home Automation market forecast and analysis
8.3.2.1 Asia Pacific market forecast and analysis – By Countries
8.3.2.1.1 Australia market
8.3.2.1.2 China market
8.3.2.1.3 India market
8.3.2.1.4 Japan market
8.3.2.2 Asia Pacific market forecast and analysis – By Product
8.3.2.3 Asia Pacific market forecast and analysis – By Networking
8.4 Middle East and Africa (MEA)
8.4.1 Middle East and Africa Home Automation market overview
8.4.2 Middle East and Africa Home Automation market forecast and analysis
8.4.2.1 Middle East and Africa market forecast and analysis – By Countries
8.4.2.1.1 South Africa market
8.4.2.1.2 Saudi Arabia market
8.4.2.1.3 UAE market
8.4.2.2 Middle East and Africa market forecast and analysis – By Product
8.4.2.3 Middle East and Africa market forecast and analysis – By Networking
8.5 South America (SAM)
8.5.1 South America Home Automation market overview
8.5.2 South America Home Automation market forecast and analysis
8.5.2.1 South America market forecast and analysis – By Countries
8.5.2.1.1 Brazil market
8.5.2.2 South America market forecast and analysis – By Product
8.5.2.3 South America market forecast and analysis – By Networking
9 Industry Landscape
9.1 Mergers & acquisitions
9.2 Market Initiatives
9.3 New developments
9.4 Investment scenarios
10 Competitive Landscape
10.1 Competitive Product mapping
10.2 Market positioning/ market share
11 Home Automation Market, Key Company Profiles
11.1 Johnson Controls International Plc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Siemens AG
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Legrand
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Schneider Electric SE
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Honeywell International, Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Control4 Corporation
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 ABB Ltd.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Crestron Electronics Inc.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Leviton Manufacturing Company, Inc.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Lutron Electronics Co., Inc.
11.10.1Key Facts
11.10.2Business Description
11.10.3Products and services
11.10.4Financial Overview
11.10.5SWOT Analysis
11.10.6Key Developments
11.11 Ingersoll-Rand Plc
11.11.1Key Facts
11.11.2Business Description
11.11.3Products and services
11.11.4Financial Overview
11.11.5SWOT Analysis
11.11.6Key Developments
12 Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
12.3 Research Methodology
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the video surveillance market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global video surveillance market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.