Global Home Automation Market Growth (Status and Outlook) 2023-2029

Global Home Automation Market Growth (Status and Outlook) 2023-2029

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.

LPI (LP Information)' newest research report, the “Home Automation Industry Forecast” looks at past sales and reviews total world Home Automation sales in 2022, providing a comprehensive analysis by region and market sector of projected Home Automation sales for 2023 through 2029. With Home Automation sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Home Automation industry.

This Insight Report provides a comprehensive analysis of the global Home Automation landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Home Automation portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Home Automation market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Home Automation and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Home Automation.

The global Home Automation market size is projected to grow from US$ 44270 million in 2022 to US$ 83080 million in 2029; it is expected to grow at a CAGR of 9.4% from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Home Automation market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Lighting Control
Security and Access Control
HVAC Control
Fire and Safety Control
Services

Segmentation by application
Apartment
Villa

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Honeywell
Johnson Controls
Schneider Electric
Siemens
ABB
Bosch Security System
Control4
Eaton
GE
Legrand
Lutron
Sauter
United Technologies

Please note: The report will take approximately 2 business days to prepare and deliver.