Home Automation Market Industry Analysis, Geographical Segmentation, Drivers, Challenges, Trends Forecasts 2021 – 2030

In a recent published report, Kenneth Research has updated the Home Automation Market report for for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Home Automation Market products.

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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017.

In this report, the Global Home Automation Market is valued at USD 36.12 billion in 2015 and growing at a CAGR of over 22% between 2017 and 2025.
“Home Automation Market”, published by Xpodence Research, provides extensive insight and analysis of the Home Automation Market over the next eight years (2015-2025) and acts as a vital point of reference for operators or suppliers.
Rising adoption across residential applications is expected to drive the market growth over the forecast period. Factors such as significant IoT market growth, cost reduction in home automation systems, and convenience of remote operation are projected to drive the home automation system market.
Increasing adoption of devices or systems in applications such as lighting, HVAC & energy management, security, entertainment, and smart kitchen is projected to grow the market share. Also, increasing preferences of consumers for connectivity, convenience, safety, and security are further anticipated to propel the industry growth over the forecast period.
Home automation offers advanced digital technology & high end solutions for automated products. The technology delivers better efficiency & performance in household activities to centralized control the system. Furthermore, rising consumer awareness for energy efficient products, urbanization, and changing lifestyle with enhanced convenience, safety and security are also encouraging the market growth.
The report includes –
Segmentation: On the basis of technology, this report displays the revenue, market share and growth rate of each type, primarily split into
• Wired
• Wirless
On the basis of component, this report displays the revenue, market share and growth rate of each type, primarily split into
• Hardware
• Software
• Services
On the basis on the applications, this report focuses on the status and outlook for major applications, market share and growth rate for each application, including
• Lighting
• HVAC
• Entertainment Control
• Security & Access Control
Geographic Segmentation: This report split global market into North America, Europe, Asia Pacific, the Middle East and Africa and Latin America, with revenue (Million USD), market share and growth rate of AI in Agriculture for these regions, from 2015 to 2025 (forecast)
North America: U.S., Rest of North America
Europe: Germany, France, UK, rest of Europe
Asia Pacific: China, Japan, India and Rest of Asia Pacific
Middle East & Africa: GCC, North Africa, South Africa and Rest of MEA
Latin America: Brazil and Rest of Latin America

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Key players: Overview of market leaders in Home Automation market by top manufacturers/players, with Home automation revenue (Million USD) and market share for each manufacturer/player; the top players including ABB Ltd., Electronic Control Corporation, Crestron Electronics, Inc., Honeywell International Inc., Ingersoll-Rand PLC., Johnson Controls, Legrand SA., Schneider Electric SE., Siemens AG., Leviton Manufacturing Company, Inc., and Lutron Electronics Co., Inc.• Water-based

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  •  Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

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Eli is a freelance writer and possess double graduation degree in physics and chemistry. She is an intense writer covering everything for Science and Tech to Business, Entertainment, Sports and Lifestyle.

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