The home automation system industry has several components, devices, and system manufacturers throughout the world, along with other critical aspects, including different software algorithms as well as various service providers. These systems are not only convenient but also cost less and are energy efficient. So, many homeowners across the globe are increasingly adopting them.
Devices like lighting controls, HVAC controls, and security and access products have made their way into the homes and everyday lives of ordinary people, owing to the automation of these products. Likewise, global giants in the field are also looking to expand their product lines in hopes of catering to different areas of the household. Such areas may range from conserving electricity to conserving water, for security and entertainment purposes, as well as for healthcare.
So, such devices are used extensively in the average households, not out of necessity, but for any convenience’s sake. These devices are equipped to communicate with other electronic devices in the house to deliver a great user experience as well as to cut costs and save energy. Moreover, with the advent of such devices, today, we see more homeowners signing contracts with different service providers to install, maintain, and operate the machines. But it isn’t affordable.
The home automation systems markets are broadly classified into application, technology, and type. In the application segment, we have products for lighting, safety and security, HVAC, entertainment, and others. In 2017, the lighting segment accounted for the highest growth in terms of market revenue.
Similarly, going by technology, there are wired products and wireless products. And by type of home, you have luxury systems, mainstream systems, and DIY systems.
The global home automation systems markets are broadly classified into six regions. The regions include North America, Europe, Asia Pacific, Africa, the Middle East, and Latin America. North America is currently found to dominate the markets for home automation systems, a trend bound to continue during the forecast period as well. The US, in particular, has got the taste for growth, mainly due to the presence of software giants like Google, Apple, and Microsoft.
In the Asia Pacific region, South Korea will see massive growth in the sector, owing mainly to Samsung having invested in the home automation systems markets.
Home-based electric devices have always tried to enter the automation markets. And it seems like their efforts have finally paid off, thanks mainly due to consumer-centric technologies like energy management systems and smart thermostats. Such devices are integrated into the smart meters, allowing them to minimize energy utilization. Additionally, the companies which manufacture these smart meters can gather data from them and use it to match demand and supply in better ways.
So, selling them to existing customers in collaboration with the manufacturers of the devices can maximize profits and act as viable sources of revenue. Thus, home automation systems are increasingly adopted in various households across the globe, primarily due to their convenience.
Table Of Content:
1 Market Overview
2 Global Market Competition by Manufacturers
3 Global Capacity, Production, Revenue (Value) by Region (2013-2018)
4 Global Supply (Production), Consumption, Export, Import by Region (2013-2018)
5 Global Production, Revenue (Value), Price Trend by Type
6 Global Market Analysis by Application
7 Global Manufacturers Profiles/Analysis
8 Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Market Forecast (2018-2025)
13 Research Findings and Conclusion
Partner Relations & Marketing Manager
Ph: +1-646-845-9349 (US)
Ph: +44 208 133 9349 (UK)
Company Name: Wiseguyreports.com
Contact Person: Norah Trent
Email: Send Email
Phone: +1 646 845 9349, +44 208 133 9349