North America Smart Home Automation Market Size, Share & Industry Trends Analysis Report By Component (Hardware, Software and Services), By Application, By Technology (Wireless, Cellular and Others), By Country and Growth Forecast, 2022 - 2028

North America Smart Home Automation Market Size, Share & Industry Trends Analysis Report By Component (Hardware, Software and Services), By Application, By Technology (Wireless, Cellular and Others), By Country and Growth Forecast, 2022 - 2028

The North America Smart Home Automation Market would witness market growth of 14.6% CAGR during the forecast period (2022-2028).

Flexibility for novel appliances and technologies. When it comes to accommodating new appliances, gadgets, and other forms of technology, smart home systems typically have a remarkable degree of flexibility. No matter how cutting-edge connected appliances appear to be right now, newer and more complex versions would be created over time. In addition, when an outdated appliance or technology is replaced or a user learns about new technologies to complement their indoor and outdoor environments, they would probably add to the collection of gadgets.

Integrating these new devices can make it significantly simpler to use complex technologies. A smart home uses an internet-connected device to provide remote monitoring and administration of systems and appliances, such as lighting and heating. Through the use of a smart home application on a smartphone or other device on the network, smart home technology, also known as smart home automation, offers homeowners protection, comfort, convenience, and energy efficiency.

Leveraging sensor data on consumer activities in the home to predict consumer requirements and balance them with energy consumption can aid users in majorly reducing energy consumption. Additionally, there are a lot of possibilities for family safety and security with home automation.

The disposable income of the regional population is rapidly increasing. Despite income rising by just 1.1%, personal disposable income increased by 5.6%, according to the Bureau of Energy Analysis, mostly because of an increase in transfer payments. The government stimulus money amid the pandemic increased transfer payments by 32.7% and by an extra 5.4% in 2021. Personal income has increased by $113.4 billion, or 0.5%, on a monthly basis in 2021, while consumer spending increased by $32.7 billion, or 0.2%.

The US market dominated the North America Smart Home Automation Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $46,878 million by 2028.The Canada market is poised to grow at a CAGR of 17.2% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 16.2% during (2022 - 2028).

Based on Component, the market is segmented into Hardware, Software and Services. Based on Application, the market is segmented into Entertainment, Lighting, Security, HVAC & Energy Management, and Smart Kitchen. Based on Technology, the market is segmented into Wireless, Cellular and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Siemens AG, Schneider Electric SE, Johnson Controls International PLC, Honeywell International, Inc., Leviton Manufacturing Co., Inc., Legrand S.A., Crestron Electronics, Inc., Ingersoll Rand, Inc., and Lutron Electronics Co., Inc.

Scope of the Study

Market Segments covered in the Report:

By Component

  • Hardware
  • Software
  • Services
By Application
  • Entertainment
  • Lighting
  • Security
  • HVAC & Energy Management
  • Smart Kitchen
By Technology
  • Wireless
  • Cellular
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • ABB Group
  • Siemens AG
  • Schneider Electric SE
  • Johnson Controls International PLC
  • Honeywell International, Inc.
  • Leviton Manufacturing Co., Inc.
  • Legrand S.A.
  • Crestron Electronics, Inc.
  • Ingersoll Rand, Inc.
  • Lutron Electronics Co., Inc.
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Smart Home Automation Market, by Component
1.4.2 North America Smart Home Automation Market, by Application
1.4.3 North America Smart Home Automation Market, by Technology
1.4.4 North America Smart Home Automation Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Acquisition and Mergers: 2018, Apr – 2022, Jul) Leading Players
Chapter 4. North America Smart Home Automation Market by Component
4.1 North America Hardware Market by Country
4.2 North America Software Market by Country
4.3 North America Services Market by Country
Chapter 5. North America Smart Home Automation Market by Application
5.1 North America Entertainment Market by Country
5.2 North America Lighting Market by Country
5.3 North America Security Market by Country
5.4 North America HVAC & Energy Management Market by Country
5.5 North America Smart Kitchen Market by Country
Chapter 6. North America Smart Home Automation Market by Technology
6.1 North America Wireless Market by Country
6.2 North America Cellular Market by Country
6.3 North America Others Market by Country
Chapter 7. North America Smart Home Automation Market by Country
7.1 US Smart Home Automation Market
7.1.1 US Smart Home Automation Market by Component
7.1.2 US Smart Home Automation Market by Application
7.1.3 US Smart Home Automation Market by Technology
7.2 Canada Smart Home Automation Market
7.2.1 Canada Smart Home Automation Market by Component
7.2.2 Canada Smart Home Automation Market by Application
7.2.3 Canada Smart Home Automation Market by Technology
7.3 Mexico Smart Home Automation Market
7.3.1 Mexico Smart Home Automation Market by Component
7.3.2 Mexico Smart Home Automation Market by Application
7.3.3 Mexico Smart Home Automation Market by Technology
7.4 Rest of North America Smart Home Automation Market
7.4.1 Rest of North America Smart Home Automation Market by Component
7.4.2 Rest of North America Smart Home Automation Market by Application
7.4.3 Rest of North America Smart Home Automation Market by Technology
Chapter 8. Company Profiles
8.1 ABB Group
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.5.3 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Siemens AG
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.6 SWOT Analysis
8.3 Schneider Electric SE
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.6 SWOT Analysis
8.4 Johnson Controls International PLC
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental & Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Acquisition and Mergers:
8.5 Honeywell International, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.5.5.2 Acquisition and Mergers:
8.5.6 SWOT Analysis
8.6 Leviton Manufacturing Co., Inc.
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Product Launches and Product Expansions:
8.6.2.2 Acquisition and Mergers:
8.7 Legrand S.A.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Acquisition and Mergers:
8.8 Crestron Electronics, Inc.
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Partnerships, Collaborations, and Agreements:
8.8.2.2 Product Launches and Product Expansions:
8.9 Ingersoll Rand, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.10. Lutron Electronics Co., Inc.
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Acquisition and Mergers:

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