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

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

Home automation or domotics is building automation for a home, called a smart home or smart house. A home automation system will control lighting, climate, entertainment systems, and appliances. It may also include home security such as access control and alarm systems. When connected with the Internet, home devices are an important constituent of the Internet of Things ("IoT").

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

This Insight Report provides a comprehensive analysis of the global Smart Home Automation System 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 Smart Home Automation System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Smart Home Automation System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Home Automation System 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 Smart Home Automation System.

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

United States market for Smart Home Automation System is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Smart Home Automation System is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Smart Home Automation System is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Smart Home Automation System players cover Elan Home Systems, ABB, Schneider Electric, Siemens, Lutron, Emerson Electric, Honeywell International, Control4 and Ingersoll-Rand, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

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

Market Segmentation:

Segmentation by type
Entertainment Control System
Security & Access Control System
Lighting Control System
HVAC Control System
Other

Segmentation by application
Residential
Commercial

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.
Elan Home Systems
ABB
Schneider Electric
Siemens
Lutron
Emerson Electric
Honeywell International
Control4
Ingersoll-Rand
Crestron Electronics
Samsung Electronics
Legrand
Johnson Controls

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