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Home Automation Market 2025 Size, Share, Growth Trends Forecast to 2032
The global home automation market size was USD 90.75 billion in 2023. The market is projected to grow from USD 101.79 billion in 2024 to USD 237.07 billion by 2032 at a CAGR of 11.1%. North America dominated the global market with a share of 39.12% in 2023.
The recently released Fortune Business Insights research on the Global Home Automation Market survey report provides facts and statistics regarding market structure and size. Global Home Automation Market Size 2025 Research report presents an in-depth analysis of the Global Market size, growth, share, segments, manufacturers, and forecast, competition landscape and growth opportunity. The research’s goal is to provide market data and strategic insights to help decision-makers make educated investment decisions while also identifying potential gaps and development possibilities.
Companies Profiled in the Global Home Automation Market:
ABB Ltd. (Zürich, Switzerland)
Johnson Controls International plc (Cork, Ireland)
Crestron Electronics (New Jersey, U.S.)
Siemens AG (Munich, Germany)
Control4 Corporation (Utah, U.S.)
Schneider Electronics (Rueil-Malmaison, France)
Koninklijke Philips N.V (Amsterdam, Netherlands)
Legrand SA (Limoges, France)
Honeywell International Inc. (North Carolina, U.S.)
Savant Systems LLC (Massachusetts, U.S.)
Smart Home Technology to Fuel Market Growth
Smart technology is increasing suddenly throughout industries. Smart home technology is considerably discovering and altering the home automation system. Previously, automation was implied as supervisory devices and appliances via internet networks. Nevertheless, with the presentation of smart home technology such as smart security, self-diagnosing devices, advanced self-health care, smart entertainment, and smart kitchen among other, automation system is being improved at every stage as the world is actively adopting advanced technology. This is anticipated to bolster the home automation market growth during the forecast period.
What exactly is included in the Report?
– Industry Trends and Developments: In this section, the authors of the research discuss the significant trends and developments that are occurring in the Home Automation Market place, as well as their expected impact on the overall growth.
– Analysis of the industry’s size and forecast: The industry analysts have provided information on the size of the industry from both a value and volume standpoint, including historical, present and projected figures.
– Future Prospects: In this portion of the study market participants are presented with information about the prospects that the Home Automation Market is likely to supply them with.
– The Competitive Landscape: This section of the study sheds light on the competitive landscape of the Home Automation Market by examining the important strategies implemented by vendors to strengthen their position in the global market.
– Study on Industry Segmentation: This section of the study contains a detailed overview of the important Home Automation Market segments, which include product type, application, and vertical, among others.
– In-Depth Regional Analysis: Vendors are provided with in-depth information about high-growth regions and their particular countries, allowing them to place their money in more profitable areas.
This Report Answers the Following Questions:
What are the Home Automation Market growth drivers, hindrances, and dynamics?
Which companies would lead the market by generating the largest revenue?
How will the companies surge the processes adoption amid the COVID-19 pandemic?
Which region and segment would dominate the Home Automation Market in the coming years?
Home Automation Market Segments:
By Component
Product
Security and Safety
HVAC
Wellness Monitoring
Smart Appliances
Smart Entertainment
Smart Lighting
Others (Energy Management, etc.)
Services
Consulting
Installation or Implementation
Support and Maintenance
By Network Technology
Wired
Wireless
Power Line-Based
Table Of Content:
1. Introduction 1.1. Research Scope 1.2. Market Segmentation 1.3. Research Methodology 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics 3.1. Market Drivers 3.2. Market Restraints 3.3. Market Opportunities
4. Key Insights 4.1 Global Statistics — Key Countries 4.2 New Product Launches 4.3 Pipeline Analysis 4.4 Regulatory Scenario — Key Countries 4.5 Recent Industry Developments — Partnerships, Mergers & Acquisitions
5. Global Home Automation Market Analysis, Insights and Forecast 5.1. Key Findings/ Summary 5.2. Market Analysis — By Product Type 5.3. Market Analysis — By Distribution Channel 5.4. Market Analysis — By Countries/Sub-regions
……………
11. Competitive Analysis 11.1. Key Industry Developments 11.2. Global Market Share Analysis 11.3. Competition Dashboard 11.4. Comparative Analysis — Major Players
12. Company Profiles
12.1 Overview 12.2 Products & Services 12.3 SWOT Analysis 12.4 Recent developments 12.5 Major Investments 12.6 Regional Market Size and Demand
13. Strategic Recommendations
TOC Continued……………….
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Smart Home System Market Expecting the Unexpected future in 2030; SWOT analysis, investment feasibility analysis
A smart home system refers to the interconnected home which consists of the devices that run off WiFi to Increase the user experience, that means a residence which uses Internet-connected devices to enable the remote monitoring and management of appliances and systems, such as lighting and heating as well as home appliances such as washer and dryers, ovens or refrigerators that use WiFi for remote monitoring. The market of the Smart Home System is rising due to growing preferences in the home security
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Latest released the research study on Global Smart Home System Market, offers a detailed overview of the factors influencing the global business scope. Smart Home System Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Smart Home System The study covers emerging player’s data, including: competitive landscape, sales, revenue and global market share of top manufacturers are ABB (Switzerland), Siemens AG (Germany), Schneider Electric (France), Ingersoll-rand plc (Ireland), Legrand (France), Lutron electronics (United States), Emerson electric (United States), Crestron electronics (United States), Control4 corporation (United States), Honeywell international (United States)
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Enhancing Homes across Dublin and Ireland with iQ Control's Control4 Solutions
In an era where technology permeates every aspect of our lives, the concept of a smart home has evolved from a futuristic dream to a tangible reality. Among the pioneers of this revolution is iQ Control 4 Ireland, a leading provider of cutting-edge Control4 solutions in Dublin and across Ireland. With a commitment to innovation, convenience, and sustainability, iQ Control is reshaping the way people interact with their living spaces, offering unparalleled control, comfort, and security.
At the heart of iQ Control's offerings lies Control4, a sophisticated home automation platform that integrates various systems and devices to create a seamless and intuitive user experience. Whether you're adjusting the lighting, setting the temperature, or streaming music throughout your home, Control4 puts you in command with the touch of a button or a simple voice command.
Dublin, with its vibrant blend of history and modernity, serves as an ideal setting for the implementation of smart home technology. From the historic streets of Temple Bar to the bustling business district of Silicon Docks, Dublin residents are embracing the convenience and efficiency offered by Control4 solutions from iQ Control. By seamlessly integrating with existing infrastructure and offering extensive customization options, iQ Control ensures that smart living enhances, rather than disrupts, the unique charm of Dublin's homes and neighborhoods.
Beyond the confines of Dublin, iQ Control is extending its reach to homes across Ireland, from the picturesque countryside to the bustling cities. With a network of certified professionals and a commitment to excellence, iQ Control is making smart living accessible to households throughout the Emerald Isle. Whether you reside in a cozy cottage in County Kerry or a modern apartment in Cork, iQ Control has the expertise and resources to transform your home into a connected sanctuary.
The benefits of Control4 extend far beyond mere convenience. By leveraging advanced automation and energy management features, iQ Control helps homeowners reduce their environmental footprint and save on utility costs. Whether it's optimizing heating and cooling schedules to minimize energy usage or integrating renewable energy sources for greater sustainability, Control4 empowers users to embrace a greener way of living without sacrificing comfort or convenience.
In addition to residential applications, iQ Control's Control4 solutions are also making waves in the commercial sector. From boutique hotels to corporate offices, businesses across Ireland are turning to iQ Control to enhance guest experiences, streamline operations, and increase efficiency. By integrating lighting, HVAC, and entertainment systems into a unified platform, iQ Control helps businesses create immersive environments that leave a lasting impression on clients and customers alike.
What sets iQ Control apart is not just its cutting-edge technology, but also its commitment to customer satisfaction and support. From initial consultation to installation and ongoing maintenance, iQ Control's team of experts is dedicated to ensuring a seamless experience for every client. With personalized solutions tailored to each customer's needs and preferences, iQ Control goes above and beyond to exceed expectations and deliver unparalleled value.
As the exclusive provider of Control4 Dublin, iQ Control offers a comprehensive range of products and services to suit every budget and requirement. Whether you're looking to retrofit an existing home or incorporate smart technology into a new construction project, iQ Control has the expertise and resources to bring your vision to life. With their unwavering commitment to innovation and excellence, iQ Control is poised to lead the way in shaping the future of smart living in Dublin and beyond.
In conclusion, iQ Control is your trusted partner for unlocking the full potential of Control4 technology in Dublin and Ireland. From seamless integration to personalized customization, iQ Control offers a complete suite of solutions to elevate your home or business to new heights of comfort, convenience, and efficiency. Experience the difference for yourself and join the smart living revolution with iQ Control today.
Ready to transform your home or business with Control4 technology? Visit iQ Control to learn more about our products and services, and schedule a consultation with our experts. Take the first step towards a smarter, more connected future with iQ Control!
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Choose Control4 and Build Your Smart Home in Ireland
Get Home Automation Dublin and make your life more comfortable and enjoyable. IQ Control is a great company that offers some of the best home automation solutions as per your demands and desires. Get in touch with this professional team and you will get a comprehensive design, installation and maintenance service for a complete range of home automation, Home Cinema, Lighting Control, smarthome systems throughout Ireland. At IQ Control, you will meet a professional team consisting of experienced specialists. You will get a custom design despite the size of your home. Thanks to this Home Automation Dublin, your life will become more comfortable and you will also be able to go green leaving a lot of impact on the environment. Just apply for a fully automated home today and go green now. The experts at iQ Control are always there to help and support you. Just install this home automation system and the expert installers will assist you giving you the right directions with a full warranty service.
Thanks to Control4 Ireland, you will finally make your home a perfect place to live in. Control4 acts as the main server in the home integrating movies, music, lighting, heating, security, CCTV, blinds & curtains, appliances, locks & many more into a simple elegant home control system/Smarthome/Home Automation system. No matter where you are, at a meeting, on holiday, in a café or anywhere else, you will have the full control of everything going on in your house. With a simple touch, you can keep everything under your control and enjoy it. Control4 Ireland uses TV, touch screens, remote controls as well as smartphones & tablets. At first, you can opt for this service in any room and then build a complete smart home. This will help you understand this system better and decide whether it is what you need or not. Just get these wonderful services and have a great chance to control your TV, air conditioner, heater and any other appliance you want. Always remember that smart home is not something luxurious, it is a necessity and a great way to reduce your bills and many other inconveniences.
If you are also interested in Smart Lighting Ireland simply discuss your needs with IQ Control and get the services you need. When you choose this service and the system is installed in your house you will be able to enter a room and have the lights turn on. You won't need to go and switch it on in the dark as the system will work automatically. If you go out and forget about switching the lights off, you can also be sure that you will do it using your device even if you are far away from your home. This Smart Lighting Ireland is a perfect solution not only for lighting effects but also as a security measure. Just install this lighting system in your house and rest assured everything will be under control in case of a fire. For more details, get in touch with this professional team and hurry up to go smart!
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Smart Building Market Developments, Future Plans and Comprehensive Research Study Till 2027 | COVID-19 Effects
Market Overview
The global smart building market will touch USD 25,725.0 million at a 13.29% CAGR during the forecast period 2019- 2025, states the latest Market Research Future (MRFR) analysis. A smart building, put simply, is a structure which uses automated processes to control different building operations automatically like ventilation, energy management, security, heating, air conditioning, and other systems. It is equipped with different forms of smart devices and electronic components like microprocessors, microcontrollers, microchips, and sensors for collecting and processing pertinent data and managing them in controlling operations of the building automatically.
Various factors are fuelling the global smart building technology market growth. As per the recent MRFR market estimates, such factors include the growing adoption of IoT-enabled building management system, growing awareness about space utilization, rising industry standards and regulations, increasing need for energy-efficient buildings, rising government initiatives to encourage smart infrastructure, and emergence of 5G technology.
On the contrary, lack of infrastructure and technical expertise in developing countries, lack of coordination and cooperation among standard bodies, the COVOID-19 impact, and increasing concerns on data privacy and security may limit the global smart building market growth over the forecast period.
Key Players
The Key Players of the Smart Building Market are Control4 Corporation (US), United Technologies Corporation (US), HCL Technologies Limited (India), Panasonic Corporation (Japan), Advantech Co. Ltd (Taiwan), Johnson Controls International PLC (Ireland), Hitachi Ltd (Japan), Sony Corporation (Japan), IBM Corporation (US), Cisco Systems (US), Honeywell International, Inc. (US), Emerson Electric Co. (US), GEZE GmbH (Germany), Overkiz (France), ABB Group (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), Legrand SA (France), and Huawei Technologies Co. Ltd, (China).
Smart Building Market - Segmentation
The MRFR report throws light on an inclusive segmental analysis of the global smart building market based on automation and application.
By automation, the global smart building market is segmented into network management system, infrastructure management system (parking management system, smart water management system, and elevators and escalators management system), building energy management system (lighting control system, HVAC control system, and energy management system), and intelligent security system (emergency management system, access control system, and video surveillance system). Of these, the building energy management system segment will lead the market over the forecast period.
By application, the global smart building market is segmented into residential, government and public infrastructure, industrial, and commercial. Among these, the commercial application segment will dominate the market in the forecast period.
Smart Building Market - Regional Analysis
By region, the global smart building market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, South America, & the Middle East and Africa (MEA). Of these, North America will dominate the market over the forecast period. Reduction in management costs, growing awareness for energy and water management, safety and security, emergence of latest smart building solutions which leverage new technologies like artificial intelligence, deep learning, data analytics, cloud computing, big data, and IoT for saving energy, increasing occupancy comfort, reducing operational expenditures, and meeting increasingly strict global regulations and sustainability standards, technological developments in Canada and the US, heavy investments being made by US organizations into smart building measures like building systems integration and building controls for leveraging energy storage and energy efficiency and also deliver safer, more sustainable, and smarter buildings, and the Canadian government taking initiatives for supporting the countries commitment to safeguard the environment and its resources via making federal buildings highly energy efficient and cutting down greenhouse emissions are adding to the global smart building market growth in the region.
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Smart Home Market Outlook 2021: Top Key Drivers, Market Size By 2029 | StraitsResearch
Smart Home Market
The global smart home market is expected to grow at a CAGR of 12.02% during the forecast period, 2019–2026.
Top Players:
Amazon, Inc. (U.S.), Apple Inc. (U.S.), Google (U.S.), Ingersoll-Rand PLC (Ireland), ABB (Switzerland), Legrand S.A. (France), GE (U.S.), Comcast Corp. (U.S.), Hubbell Inc. (U.S.), Samsung Electronics Co., Ltd. (South Korea), ADT (U.S.), Robert Bosch GmbH (Germany), ASSA ABLOY (Sweden), ABB Ltd. (Switzerland), LG Electronics (South Korea), Sony (Japan), Control4 Corp. (U.S.), Lutron Electronics Co. Inc. (U.S.), Vivint (U.S.), and Axis Communication AB (Sweden).
Market Segmentation:
By Product: Lighting Control, Security & Access Control, HVAC, Entertainment, Smart Speaker, Home Healthcare, Smart Kitchen, Home Appliances, Smart Furniture
By Region: North America, Europe, Asia-Pacific, LAMEA
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StraitsResearch.com is a leading market research and market intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & market research reports.
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Smart Building Market 2021 Product Specifications, Capacity, Production Value and Forecast 2027
Market Research Future published a research report on “Smart Building Market Research Report- Forecast to 2025” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2025.
Market Overview
The global smart building market will touch USD 25,725.0 million at a 17.44% CAGR during the forecast period 2019- 2025, states the latest Market Research Future (MRFR) analysis. A smart building, put simply, is a structure which uses automated processes to control different building operations automatically like ventilation, energy management, security, heating, air conditioning, and other systems. It is equipped with different forms of smart devices and electronic components like microprocessors, microcontrollers, microchips, and sensors for collecting and processing pertinent data and managing them in controlling operations of the building automatically.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1860
Various factors are fuelling the global smart building technology market growth. As per the recent MRFR market estimates, such factors include the growing adoption of IoT-enabled building management system, growing awareness about space utilization, rising industry standards and regulations, increasing need for energy-efficient buildings, rising government initiatives to encourage smart infrastructure, and emergence of 5G technology.
On the contrary, lack of infrastructure and technical expertise in developing countries, lack of coordination and cooperation among standard bodies, the COVOID-19 impact, and increasing concerns on data privacy and security may limit the global Smart Building Market growth over the forecast period.
Key Players
The Key Players of the Global Smart Building Market are Control4 Corporation (US), United Technologies Corporation (US), HCL Technologies Limited (India), Panasonic Corporation (Japan), Advantech Co. Ltd (Taiwan), Johnson Controls International PLC (Ireland), Hitachi Ltd (Japan), Sony Corporation (Japan), IBM Corporation (US), Cisco Systems (US), Honeywell International, Inc. (US), Emerson Electric Co. (US), GEZE GmbH (Germany), Overkiz (France), ABB Group (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), Legrand SA (France), and Huawei Technologies Co. Ltd, (China).
Smart Building Global Market - Segmentation
The MRFR report throws light on an inclusive segmental analysis of the global smart building market based on automation and application.
By automation, the global smart building market is segmented into network management system, infrastructure management system (parking management system, smart water management system, and elevators and escalators management system), building energy management system (lighting control system, HVAC control system, and energy management system), and intelligent security system (emergency management system, access control system, and video surveillance system). Of these, the building energy management system segment will lead the market over the forecast period.
By application, the global smart building market is segmented into residential, government and public infrastructure, industrial, and commercial. Among these, the commercial application segment will dominate the market in the forecast period.
Smart Building Market - Regional Analysis
By region, the global smart building market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, South America, & the Middle East and Africa (MEA). Of these, North America will dominate the market over the forecast period. Reduction in management costs, growing awareness for energy and water management, safety and security, emergence of latest smart building solutions which leverage new technologies like artificial intelligence, deep learning, data analytics, cloud computing, big data, and IoT for saving energy, increasing occupancy comfort, reducing operational expenditures, and meeting increasingly strict global regulations and sustainability standards, technological developments in Canada and the US, heavy investments being made by US organizations into smart building measures like building systems integration and building controls for leveraging energy storage and energy efficiency and also deliver safer, more sustainable, and smarter buildings, and the Canadian government taking initiatives for supporting the countries commitment to safeguard the environment and its resources via making federal buildings highly energy efficient and cutting down greenhouse emissions are adding to the global smart building market growth in the region.
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About Us:
Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.
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Global Smart Home Market Analysis, Revenue Share, Company Profiles, Launches, & Forecast Till 2030
The Global Smart Home Market size was valued at US$ 76.2 Bn in 2017 and is expected to reach US$ 191 Bn by 2026 to exhibit a CAGR of 12.17 % during the forecast period.
Smart Home is the term generally used to define a residence that has appliances, lighting, heating, air conditioning, TVs, computers, entertainment audio & video systems, security, and camera systems that are capable of communicating with one another and can be managed remotely by a time schedule, from any room in the home as well as remotely from any location by phone or internet. The smart home is one that gives its owners comfort, security, energy efficiency, and satisfaction at all times, regardless of whether anyone is home.
Installation of smart products provide the home and its resident's different benefits, the same benefits that technology and personal computing have brought to us over the past 30 years convenience and savings of time, money and energy.
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Growth of the smart home market is driven by different factors like base of internet users, enlarged adoption of smart devices, rise in the awareness of fitness and healthy lifestyles owning to the high disposable income in developing economies, high importance of home monitoring from remote locations, increase in the need for energy saving and low carbon emission solutions, cost reduction measures enabled by smart homes, fast growth of smartphones and smart gadgets. Rising adoption of entertainment and other control systems, lighting control solutions, smart speakers, and home appliances increasing the growth of the smart home market.
Smart homes have gained an increased awareness of both policies and government regulations across the globe. The major restraints of the smart home market are climate change, fluctuating energy prices, energy security, and supply concerns have necessitated new ways of producing, delivering and consuming energy. Entertainment and other controls segment are expected to hold the largest share of the smart home market during the forecast period due to entertainment has become an important part of life as it gives composure and rejuvenation. Most of the control systems used in smart homes are audio, volume, and multimedia room controls. The growth of the market for audio, volume, and multimedia room controls is managed by the convenience provided by these controls for managing as well as controlling the entertainment systems within a house. Evolution in wireless communication technologies is a key factor in improving the growth of the market for home theater system controls, by that means driving the overall smart home market for entertainment controls.
The component services segment holds the largest market size during the forecast period owing to increase connectivity between machine-to-machine solutions and the Internet of Things is handling the growth of the smart home and energy management markets, which has, affected the growth of the market for software and services for smart homes. The behavioral type software and services help examine energy-related data and onward it to end users.
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According to market researchers, smart speakers such as the Amazon Echo or Google Home are the fastest-growing classification of the speakers, with a five-year growth rate of 39.1%. Smart lighting, thermostats, door intercoms, and security systems are also becoming increasingly popular. Amazon Echo, Google Assistant and ULE-based products boosting growth on the market Due to the huge growth rate, smart speakers are set to be the third-largest segment on the smart home market to hold the largest share of the market. An ever-growing number of providers are developing products that are compatible with Amazon’s Alexa or Google Assistant. Voice assistants such as Siri, Cortana, and Bixby are also enjoying increasing popularity.
Key players operating in the global smart home market include Johnson Controls International, United Technologies Corporation, Schneider Electric, Honeywell International, Inc., and Siemens AG. These are the currently dominated players in the global smart home market.
Other players operating in the smart home market are Amazon, Inc., Apple Inc., Google, ADT, Robert Bosch GmbH, ASSA ABLOY, ABB Ltd., Ingersoll-Rand PLC, ABB, Legrand S.A., GE, Comcast Corp. ,Hubbell Inc., Samsung Electronics Co., Ltd., LG Electronics, Sony, Control4 Corp., Lutron Electronics Co. Inc., Vivint, and Axis Communication AB, among others. The smart home market is currently dominated by Johnson Controls International, United Technologies Corporation, Schneider Electric, Honeywell International, Inc., and Siemens AG.
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In July 2018, Siemens AG (Germany) company adjoined new functionalities to the Synco IC cloud platform for remote heating, ventilation, and air-conditioning control October 2018, Johnson Controls International (Ireland) received Lux Products Corporation (US), a leading provider of residential thermostats and smart products. LUX markets several successful residential and trading product lines ranging from timers to smart home thermostats, including Kono and Geo.
Scope of the Global Smart Home Market
Global Smart Home Market, by Product
Lighting Control Security & Access Control HVAC Entertainment Smart Speaker Home Healthcare Smart Kitchen Home Appliances Smart Furniture
Global Smart Home Market, by Component
Software Services
Global Smart Home Market, by Region
North America Europe Asia-Pacific Middle East & Africa South America
Key Players operating in the Global Smart Home Market
Johnson Controls International United Technologies Corporation Schneider Electric Honeywell International, Inc. Siemens AG. Amazon, Inc. Apple Inc. Google ADT Robert Bosch GmbH ASSA ABLOY ABB Ltd. Ingersoll-Rand PLC Legrand S.A. Comcast Corp. Hubbell Inc. Samsung Electronics Co. LG Electronics Sony Control4 Corp. Lutron Electronics Co. Inc. Vivint Axis Communication AB
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Smart Building Market Outlook, Sales Revenue, Strategy, Forecast 2027
Summary:
A new study title” Smart Building market size, status and forecast 2027” has been featured on market research future.
Market Overview:
The Global Smart Building Market is expected to reach USD 25,725.0 Million by 2025 at a CAGR of 17.44% during the forecast period. Market Research Future (MRFR), in its report, envelops segmentations and drivers to provide a better glimpse of the market in the coming years.
The evolution of technology has enabled smart building technology to share information about what goes on between buildings and systems to optimize building performance. The rising adoption of IoT-enabled building management system, raising awareness about space utilization, and increased industry standards and regulations are resulting in the growth in the smart building market. Factors such as the growing need for energy-efficient buildings and increasing government initiatives to encourage smart infrastructure are contributing to the growth of the smart building market. However, lack of technical expertise and infrastructure in developing countries is expected to hamper the market growth during the forecast period.
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Key Players
The Key Players of the Global Smart Building Market are Control4 Corporation (US), United Technologies Corporation (US), HCL Technologies Limited (India), Panasonic Corporation (Japan), Advantech Co. Ltd (Taiwan), Johnson Controls International PLC (Ireland), Hitachi Ltd (Japan), Sony Corporation (Japan), IBM Corporation (US), Cisco Systems (US), Honeywell International, Inc. (US), Emerson Electric Co. (US), GEZE GmbH (Germany), Overkiz (France), ABB Group (Switzerland), Siemens Ag (Germany), Schneider Electric Se (France), Legrand SA (France), and Huawei Technologies Co. Ltd, (China).
Segments:
By Automation: Smart Building Market has been segmented by intelligent security system (video surveillance system, access control system, emergency management system), building energy management system(energy management system, HVAC control system, lighting control system), infrastructure management system(elevators and escalators management system, smart water management system, parking management system) and network management system
By Application: Smart Building Market has been segmented by commercial, industrial, government & public infrastructure and residential
By Region: Smart Building Market has been segmented by North America, Asia-Pacific, Europe, South America, and Middle East & Africa
Regional Analysis:
The Smart Building Market, by region, has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa and Central & South America. North America is expected to dominate the smart building market during the forecast period due to growing awareness for safety, security, energy and water management, and reduction in maintenance costs.
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About Us:
Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.
Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]
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Smart Home Market Price Analysis 2021, Size, Share and Global Business Opportunities to 2027
Market Scope
The smart home market 2020 can possibly attain a tremendous valuation of USD 137.96 Billion by 2023, projects Market Research Future (MRFR). It also estimated that the market can advance at a rate of 14% between 2018 and 2023 (forecast timeframe).
Top Drivers and Key Barriers
With the alarming surge in climate change, instability in electricity prices and the rising adoption of cloud-based technologies along with IoT are some of the top growth inducers in the smart home market. Across the globe, the need to tackle security issues has mounted significantly in recent years, fueling the need for smart home market.
Furthermore, the emergence of the latest wireless technologies like security and access regulators, HVAC Controller, and entertainment controls has foster considerable market expansion. With the rapid advancements in Internet of Things (IoT) that has led to price drops of processors and sensors, more and more manufacturers are now offering automation in homes, which also works in favor of the worldwide market.
Well-known companies such as ABB Ltd. And Honeywell International Ltd. are highly focused on developing automated home solutions, which helps expanding their customer base in the market. Most of the companies are also adopting marketing hacks like mergers and acquisitions to design advanced solutions for homes. For facilitating advancements and innovations in smart homes advanced technologies, the Internet of Things and artificial intelligence are being increasingly implemented. For instance, in April 2019, Honeywell International Ltd. carried out a merger with Intel Corporation to come up an innovative security platform for home solutions. This advanced platform is strongly supported by artificial intelligence, which has helped both the parties gain high favor among their customers.
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Smart Home Industry Trends
Faster Adoption of Live TV
A prominent smartphone trend gaining speed in the smart home space is the rapid adoption of live video streaming and internet TV services, which include Netflix and Amazon Prime videos. Given the fast speed of internet and a faster broadband used in homes, Android TVs, streaming service and internet TVs platforms have managed to create a significant niche among a vast population across the world. These live streaming TVs are particularly favored by users as they are able to view their favorite shows anytime they want and that too, anywhere.
Market Segmentation
Component, application and technology are the primary segments based on which the research on the smart home market has been conducted in the report.
With respect to component, the market segments specified in the report are software as well as services. The software segment has been narrowed down into proactive and behavioral, while the service segment has been considered for managed as well as professional service.
The application areas are security & access control, lighting control, entertainment & other control, HVAC control, smart kitchen and home appliances and home healthcare.
The technologies studied in the report are protocols, networks and wireless. The types of networks highlighted are GSM/HSPA networks, CDMA networks and LTE networks. The protocol-wise segments are KNX, Digital Addressable Lighting Interface (DALI), Ethernet, Digital Multiplexer (DMX), and others. Wireless segment covers z-wave, Zigbee, Bluetooth, Wi-Fi, and others.
Regional Outlook
The report geographically distributes the smart home market into Europe, North America, Asia Pacific (APAC), and the rest of the world (RoW).
North America is on its way to take the lead in the global market, backed by factors like the high concentration of renowned companies like Crestron, Amx, Control4 Corporation and Honeywell International Ltd., among others. The regional market growth is also warranted by the high adoption rate of core communication technologies such as NFC, Bluetooth, Zigbee, Wi-Fi, and upcoming 5G network.
APAC, with the fastest expansion rate, is all set to establish its presence among the strongest regions in the global market. The smart home market is a big hit in the region, mostly because of the rapidly surge in urbanization and the soaring adoption rate of cloud technologies. The swiftly increasing awareness about security and safety, rising standard of living, and the growing government investments in smart city projects are all responsible for the market progression in the region. The region is also hailed for its fast adoption of green building policies. These eco-friendly initiatives are expected to create attractive opportunities for the smart home industry in the region. These will also boost the deployment of energy management smart devices such as smart meters, smart plugs and thermostats, giving further push to the market growth in the approaching years.
Leading Participants
Johnson Controls, Inc. (U.S.), Samsung Electronics Co., Ltd. (South Korea), Legrand S.A. (France), Schneider Electric (France), Ingersoll-Rand PLC (Ireland), General Electric Company (U.S.), Honeywell International Inc. (U.S.), ABB Ltd. (Switzerland), Siemens AG (Germany), United Technologies Corporation (U.S.), are the leading participants in the market.
Some other market vendors include Leviton Manufacturing Company, Inc. (U.S.), Acuity Brands, Inc. (U.S.), Lutron Electronics Co. Inc. (U.S.), to mention a few.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
....
12 Company Profiles
12.1 Siemens AG
12.1.1 Company Overview
12.1.2 Product/Business Segment Overview
12.1.3 Financial Updates
12.1.4 Key Developments
12.2 General Electric Company
12.2.1 Company Overview
12.2.2 Product/Business Segment Overview
12.2.3 Financial Updates
12.2.4 Key Developments
12.3 Schneider Electric
12.4 Honeywell International, Inc.
12.5 Ingersoll-Rand PLC
12.6 Johnson Controls, Inc.
12.7 ABB Ltd.
12.8 United Technologies Corporation
....
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At Market Research Future (MRFR), we enable our clients to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Solutions, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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Home Automation System Market Research Report
Global Home Automation System Market
The GMI Research forecasts that the Home Automation System Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the rise in awareness concerned with efficient energy usage.
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Introduction of the Home Automation System Market
Home automation systems are the modernizations to the mechanization processes wherein human efforts with the machinery equipment are required to operate various loads in homes. It involves automatic control of home appliances using different technologies and controllers over desktops, laptops, smartphones, or tablets.
Key Players of the Global Home Automation System Market:
· Honeywell International, Inc.
· Control4 Corporation
· Legrand S.A.
· Crestron Electronics Inc.
· Johnson Controls, Inc.
· Lutron Electronics, Inc.
· Siemens AG
· Ingersoll-Rand Plc
· Schneider Electric SE
· ABB Group
Home Automation System Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The home automation system is expected to observe a significant demand in the coming years. The growth in the market is mainly attributed to the increase n electricity prices persuading the consumers to choose these systems to conserve energy along with the various strategic initiatives by the government in emerging economies to stimulate efficient usage and power management. For example, China's five-year plan targets energy efficiency projects, and the European 2020 initiative emphasizes on attaining net-zero energy consumption in public and private buildings. These aggravating norms executed by several governments are supporting the market growth. Also, the extension in the product portfolio by several leading multinational producers to cater to the altering demand of end-users and ongoing product development have propelled the market growth. In addition, other factors like the increasing integration of IoT, accelerating penetration of smartphones and the internet, together with the intensifying trend of monitoring from distant locations, are strengthening the home automation system market size. On the other hand, the high initial installation cost will hinder the market share.
Product Segment Drivers
Based on the product, entertainment and other controls are likely to expand faster during the forecast period due to the outrageous demand for smart meters and smoke detectors among the consumers. The escalating popularity of smart plugs, smart hubs, and smart locks will raise the market demand. Leading players, including Elan Home Systems, Creston Electronics, Inc., and Leviton Manufacturing Co, Inc., are focussing on innovation to gain a competitive advantage over other players. Additionally, the expansion in the product portfolio will allure customers looking for modernized entertainment systems such as smart speakers.
Software & Algorithm Segment Drivers
Based on the software & algorithm, proactive is contemplated to account for the largest share over the forecast period. These solutions are designed to allow users to understand energy patterns and take necessary measures to decrease their energy consumption. They are lodged with web-based software and displays to offer accumulative information to the users, including trends of energy usage, alarms, and goal tracking.
Regional Drivers
Based on the regional coverage, Asia-pacific is projected to dominate the market shortly due to the accelerating number of residential construction projects accompanied by the need to strengthen the building infrastructure across the Asian countries. The swiftly soaring population rate in countries such as Japan and South Korea is increasing the market demand. Moreover, the proliferating demand for energy management systems to save energy and reduce the electricity bill will supplement the home automation system market share.
Home Automation System Market Segmentation:
Segmentation by Product
· Lightning Control
o Relays
o Occupancy Sensors
o Daylight Sensors
o Timers
o Dimmers
o Switches
o Accessories and Other Products
· Security and Access Control
o Video Surveillance
o Hardware
o Security Cameras
o Storage Devices
o Monitors
o Accessories
o Software/Video Analytics
o Services
· Access Control
o Biometric Access Control
o Facial Recognition
o Iris Recognition
o Fingerprint Recognition
o Others
· Non-Biometric Access Control
· HVAC Control
o Smart Thermostats
o Sensors
o Control Valves
o Heating and Cooling Coils
o Dampers
o Actuators
o Pumps & Fans
o Smart Vents
· Entertainment and Other Controls
o Entertainment Control
o Audio, Volume, & Multimedia Controls
o Home Theatre System Controls
o Touchscreens and Keypads
o Other Controls
o Smart Meters
o Smart Plugs
o Smart Hubs
o Smart Locks
o Smoke Detectors
Segmentation by Software & Algorithm
· Behavioural
· Proactive
Segmentation by Region:
· North America
o United States of America
o Canada
· Asia Pacific
o China
o Japan
o India
o Rest of APAC
· Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
· RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: [email protected] Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com
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Transforming Home Automation-iQ Control Brings Control4 to Dublin, Ireland
Introduction
In the ever-evolving world of home automation and smart living, Control4 Dublin and Control4 Ireland have become synonymous with innovation, convenience, and luxury. At the forefront of this transformation is iQ Control, your trusted partner in harnessing the power of cutting-edge technology to create smarter, more efficient homes. In this article, we'll delve into the world of Control 4 Dublin and Ireland and explore how iQ Control is elevating the smart living experience.
Control4 Dublin and Control4 Ireland: A Revolution in Home Automation
Control4 is a name that has been resonating in the world of home automation for quite some time. With its intuitive and sophisticated technology, Control4 has revolutionized the way we interact with our homes. From lighting and climate control to security and entertainment systems, Control4 offers a comprehensive suite of solutions that seamlessly integrate into your daily life.
In Dublin and across Ireland, the demand for smart homes and automated living spaces has seen remarkable growth. As people seek to simplify their lives and reduce energy consumption, Control 4 Ireland has emerged as the go-to choice for homeowners who value both convenience and sustainability. iQ Control is proud to bring Control4 to Dublin and Ireland, offering homeowners the opportunity to experience the future of living firsthand.
The iQ Control Advantage
iQ Control is more than just a distributor of Control4 products; we are your local experts in home automation. Our team is dedicated to providing tailored solutions that cater to the unique needs and preferences of our Dublin and Ireland clientele. Whether you're looking to transform your home into a fully automated oasis or simply want to enhance specific aspects of your living space, iQ Control has the expertise to make it happen.
Here are some of the key advantages of choosing iQ Control for your Control4 needs in Dublin and Ireland:
Expertise: Our team comprises trained professionals who understand the intricacies of Control4 technology inside and out. We are here to guide you through the process, from design to installation and beyond.
Customization: We believe that no two homes are alike, and neither should their automation systems be. iQ Control works closely with you to create a customized solution that aligns with your unique lifestyle and preferences.
Integration: Seamlessly integrating Control4 into your existing home infrastructure is our specialty. We ensure that your smart devices, security systems, lighting, and entertainment components work harmoniously to simplify your daily routines.
Support: iQ Control is committed to delivering exceptional after-sales support. Our team is always ready to assist you with any questions or concerns, ensuring that your Control4 system operates flawlessly.
Conclusion
In Dublin and Ireland, Control4 is synonymous with innovation and convenience, and iQ Control is your trusted partner in bringing this transformative technology into your home. As the demand for smart living solutions continues to grow, our commitment to delivering top-notch service and tailored Control4 solutions sets us apart.
Whether you're a homeowner looking to embrace the future of automation or a business seeking to elevate customer experiences, iQ Control is your gateway to the world of Control4 in Dublin and Ireland. Experience the power of Control4 through iQ Control and unlock a new era of smart living.
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Today, having a fully automated home is just as easy as pie. You should just contact iQ Control and the professional team will handle everything smoothly. You can get Control4 Ireland system as this is an ultimate smart home automation solution. Due to Control4 Ireland, your life will become easier and more enjoyable. Whether you are on holidays, at home, at the meeting or somewhere else, you can easily control your home with the help of this tablet or smartphone.
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Smart Building Market Projected to Grow by 2027
Overview
The Global Smart Building Market is expected to reach USD 25,725.0 Million by 2025 at a CAGR of 17.44% during the forecast period. Market Research Future (MRFR), in its report, envelops segmentations and drivers to provide a better glimpse of the market in the coming years.
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The Global Smart Building Market is expected to reach USD 25,725.0 Million by 2025 at a CAGR of 17.44% during the forecast period. Market Research Future (MRFR), in its report, envelops segmentations and drivers to provide a better glimpse of the market in the coming years.
Competitive Analysis
The Key Players of the Global Smart Building Market are Control4 Corporation (US), United Technologies Corporation (US), HCL Technologies Limited (India), Panasonic Corporation (Japan), Advantech Co. Ltd (Taiwan), Johnson Controls International PLC (Ireland), Hitachi Ltd (Japan), Sony Corporation (Japan), IBM Corporation (US), Cisco Systems (US), Honeywell International, Inc. (US), Emerson Electric Co. (US), GEZE GmbH (Germany), Overkiz (France), ABB Group (Switzerland), Siemens Ag (Germany), Schneider Electric Se (France), Legrand SA (France), and Huawei Technologies Co. Ltd, (China).
In September 2019, ABB showcase new solutions for smart homes. It includes ABB-secure@home, which is an intrusion and alarm system used in residential properties.
In January 2018, Emerson launched Sensi multiple thermostat manager software. The new software controls and manages multiple heating and cooling systems through an online portal. Controlling multiple thermostats remotely ensures easy and efficient operations.
Segmental Analysis
The Global Smart Building Market has been segmented based on Automation, Application, and Region.
Based on automation, the market has been classified as intelligent security system (video surveillance system, access control system, emergency management system), building energy management system (energy management system, HVAC control system, lighting control system), infrastructure management system (elevators and escalators management system, smart water management system, parking management system) and network management system. The building energy management system segment accounted for the largest market share in 2018; the network management system segment is expected to register the highest CAGR during the forecast period. Smart buildings are equipped with intelligent security systems which provide physical security solutions to the buildings using video surveillance systems, access control systems, and emergency management systems that deliver overall security to the assets and infrastructure of the building from various security threats, suspicious activities, vandalism, thefts, and break-ins. Buildings use energy to perform various operations such as heating, ventilation, and air-conditioning. This energy accounts for a high operating expense. Therefore, smart buildings are equipped with energy management systems that monitor, measure, and manage energy consumption and increase operational efficiency, reducing energy wastage and operation cost, and providing various environmental and sustainability benefits. Intelligent infrastructure solutions in infrastructure management systems have many benefits such as they reduce capital cost, optimize building performance, enhance user experience, and help in reducing operating costs. It consists of parking management systems, smart water management systems, and elevators and escalators management systems. Network is a key element in smart buildings as it is used to connect various wired and wireless devices and systems such as ventilation, heating, air conditioning, sensors, switches, cameras, and lightning. This equipment of smart buildings is integrated on a single network center which allows 24/7 monitoring and controlling of the equipment.
Based on application, the market has been segmented into commercial, industrial, government & public infrastructure and residential. The commercial segment accounted for the largest market share in 2018, while the residential segment is expected to register the highest CAGR during the forecast period. Smart commercial buildings include commercial offices, shopping centers, and hotels that are equipped with building automation systems including intelligent security systems, infrastructure management systems, and energy management systems. The adoption of smart buildings in the commercial segment is more as compared to residential and industrial segments. Smart industrial buildings use the integration of security functions, building automation, surveillance, and technology to reduce environmental impact, improve employee productivity, increase production, protect the health and safety of the occupant, and increase operational efficiency. The government sector is adopting smart building technology for public infrastructures such as government offices, hospitals, and federal buildings. Most government buildings have digital systems to control their electrical and mechanical equipment. Residential smart buildings use automated systems to operate building operations such as air-conditioning, heating, ventilation, water management, lighting control. In order to increase the quality of life and standard of living of residents with greater convenience and comfort, automated systems deployed in buildings, which makes them smarter and energy-efficient.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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