Home Automation Market, Global Outlook and Forecast 2023-2032
The global Home Automation market was valued at US$ 46560 million in 2022 and is projected to reach US$ 83390 million by 2029, at a CAGR of 8.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The USA market for Global Home Automation market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The China market for Global Home Automation market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The Europe market for Global Home Automation market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
Home automation involves the deployment of automation technologies, which include HVAC, appliance automation, centralized controls of lighting, security mechanisms, access control for gates and doors, and devices and mechanisms, in a residential facility to enhance comfort, optimize operational costs, and prevent energy wastage.
This report aims to provide a comprehensive presentation of the global market for Home Automation, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Home Automation. This report contains market size and forecasts of Home Automation in global, including the following market information:
- Global Home Automation Market Revenue, 2018-2023, 2024-2032, ($ millions)
- Global top five companies in 2022 (%)
The increased need for energy conservation in GCC is a key growth driver for this market. During 2015, the annual per capita energy consumption accounted to around 11.5 MWh in the GCC, which was much higher than other developed economies such as France, Japan, Italy, the UK, and Germany. As a result, governments in the region have called for conservative strategies in residential, commercial, and industrial buildings to solve power crisis. The use of HVAC controls, lighting controls, and other similar building automation solutions throughout the lifespan of the building can conserve power and minimize power wastage.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Home Automation companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Home Automation Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Home Automation Market Segment Percentages, by Type, 2022 (%)
- Lighting Control
- Security and Access Control
- HVAC Control
- Fire and Safety Control
- Services
Global Home Automation Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Home Automation Market Segment Percentages, by Application, 2022 (%)
Global Home Automation Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Home Automation Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Home Automation revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Home Automation revenues share in global market, 2022 (%)
key players include:
- Honeywell
- Johnson Controls
- Schneider Electric
- Siemens
- ABB
- Bosch Security System
- Control4
- Eaton
- GE
- Legrand
- Lutron
- Sauter
- United Technologies
Outline of Major Chapters:
Chapter 1: Introduces the definition of Home Automation, market overview.
Chapter 2: Global Home Automation market size in revenue.
Chapter 3: Detailed analysis of Home Automation company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Home Automation in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
