Global Home and Building Automation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Home and Building Automation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Home and Building Automation is building automation for a home, called a smart home or smart house. A home automation system will monitor and/or control home attributes and home security such as access control and alarm systems.

Market Overview:

The latest research study on the global Home and Building Automation market finds that the global Home and Building Automation market reached a value of USD 108217.0 million in 2022. It’s expected that the market will achieve USD 178520.0 million by 2028, exhibiting a CAGR of 8.7% during the forecast period.

COVID-19 emphasizes the importance of safe access and smart buildings

Smart buildings are the future of sustainable development, operational efficiency and enhanced occupant experience. This is achieved through system equipment such as home and building automation. There is no doubt that the COVID-19 pandemic has now paid more attention to the need to ensure the safety, health and well-being of building occupants, and to reduce operating costs. The home and building automation market are in a unique position to achieve this goal, all it has to do is to achieve integration through the correct architecture.

Isolated systems will not cut

There is no doubt that this epidemic illustrates the benefits of advanced home and building automation, which allows facility managers to remotely manage the system. It also opens the door to new technologies that make people in public and private sector buildings safer, customers happier, and spaces healthier. Even if vaccines are widely available, the experience of COVID-19 and the continued focus on future pandemics mean that these technologies will continue to exist and may even see regulations requiring their use.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America(38.64% in 2022).

Company Overview:

Schneider Electric is one of the major players operating in the Home and Building Automation market, holding a share of 5.53% in 2023.

Schneider Electric

Schneider Electric manufactures electrical power products. The Company offers car chargers, home security goods, light switches, access control, sensors, valves, circuit breakers, cables, accessories, signaling devices, fuse, motor starters, and voltage transformers.

Honeywell International

Honeywell International Inc. is a worldwide technology and manufacturing company. The Company provides aerospace products and services, control, sensing and security technologies for commercial buildings, safety and productivity solutions, specialty chemicals, advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions.

Segmentation Overview:

As for product types, the Gates segment held the largest market share in 2022.

Application Overview:

The market's largest segment by application is the segment Commercial, with a market share of 50.48% in 2022.

Key Companies in the global Home and Building Automation market covered in Chapter 3:

Boon Edam
Legrand
Nice S.p.A.
ABB
Aiphone
Schneider Electric
Somfy
Honeywell International
Hörmann Group
Control4 Corporation
Lutron Electronics
FAAC Group
Siemens AG
Gunnebo Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Home and Building Automation market from 2018 to 2029 is primarily split into:

Gates
Automatic Barriers
Turnstiles
Intercom
Video Entry Systems
Bollards
Road Blockers
Tubular Motors
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Home and Building Automation market from 2018 to 2029 covers:

report are:
Residential
Commercial
Industrial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)