Home Automation Market Players Strengthen Their Position With Technological Advancements


Home Automation Global Market Report 2021: COVID-19 Growth And Change

The Business Research Company’s Home Automation Global Market Report 2021: COVID-19 Growth And Change

LONDON, GREATER LONDON, UK, August 13, 2021 /EINPresswire.com/ — Growing technological advancements are shaping the home automation market. Major companies operating in the home automation sector are focused on developing technological solutions for home automation to strengthen their position. For instance, in December 2019, Crestron Electronics, a US-based manufacturer and distributor of audiovisual automation and integration equipment launched Horizon EX Dimmers and Keypads based on wireless mesh technology. The new series of wall-box controllers, which includes matching dimmers and keypads, provides an innovative custom control solution as part of a complete Crestron smart home.

Major players in the home automation industry are ABB, Crestron Electronics Inc., Schneider Electric, Honeywell International Inc., Johnson Controls Inc., Siemens AG, Legrand, Control4, Home Brain, Savant Systems Inc., Lutron Electronics Company, Sauter AG, United Technologies Corporation, Bosch Security and Safety Systems, Silvan Innovation Labs, Elan Home Systems LLC, Fueb, and Harman International.

Read More On The Global Home Automation Market Report:
https://www.thebusinessresearchcompany.com/report/home-automation-global-market-report

The global home automation market size is expected to grow from $48.52 billion in 2020 to $54.41 billion in 2021 at a compound annual growth rate (CAGR) of 12.1%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The home automation market is expected to reach $85.42 billion in 2025 at a CAGR of 11.9%. The increasing use of internet of things devices in a home automation system are expected to propel the growth of the home automation market in the forecast period.

The home automation market consists of sales of home automation devices by entities (organizations, sole traders, and partnerships) that use hardware and software technologies that allow users to control and manage their home’s appliances and devices. A home automation system is a technological solution that allows the majority of electrical, electronic, and technology-based activities in a home to be automated. Home automation is also referred to as domotics, and a home equipped with an automation system is referred to as a smart home.

The main types of products covered in TBRC’s home automation market report are lighting control, security and access control, HVAC control, entertainment, others. Lighting controls are a type of smart lighting gadget that allows users to adjust the amount, quality, and features of light in a specific area. These smart devices help to cut down on electricity waste while also promoting energy efficiency. The different technologies include wired home automation system, wireless home automation system and is implemented in various areas such as residential, commercial, others.

Home Automation Global Market Report 2021 – By Product (Lighting Control, Security And Access Control, HVAC Control, Entertainment), By Technology (Wired Home Automation System, Wireless Home Automation System), By End User (Residential, Commercial), COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides home Automation market overview, forecast home Automation market size and growth for the whole market, home Automation market segments, and geographies, home Automation market trends, home Automation market drivers, restraints, leading competitors’ revenues, profiles, and market shares.

Request For A Sample Of The Global Home Automation Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5244&type=smp

Here Is A List Of Similar Reports By The Business Research Company:

Smart Home Devices Global Market Report 2021: COVID-19 Growth And Change To 2030
https://www.thebusinessresearchcompany.com/report/smart-home-devices-global-market-report

Smart Home Security Global Market Report 2021 – By Product (Smart Alarms, Smart Camera And Monitoring System, Smart Locks And Sensors, Smart Detectors), By Application (Independent Homes, Apartments, Condominiums), By Component (Hardware, Software, Service), COVID-19 Growth And Change
https://www.thebusinessresearchcompany.com/report/smart-home-security-global-market-report

Global Single-Family Smart Homes Market – By Product (Home Monitoring and Security, Smart Lighting, Entertainment, Smart Appliances, Combination, Others), By Technology (Wi-Fi, Bluetooth, GSM/GPRS, RFID, Others), And By Region, Opportunities, Trends And Strategies – Global Forecast To 2030
https://www.thebusinessresearchcompany.com/report/single-family-smart-homes-market

Smart Lighting Market – By Product (Smart Bulbs, Fixtures, Lighting Controls), By Light Source (LED, HID, Other light sources), By Communication Technology (Wired, Wireless), By Application (Commercial, Governmental, Residential, Others) And By Region, Opportunities And Strategies – Global Forecast To 2030
https://www.thebusinessresearchcompany.com/report/smart-lighting-market

IoT Global Market Report 2021: COVID-19 Growth And Change To 2030
https://www.thebusinessresearchcompany.com/report/internet-of-things-iot-market-global-report-2020-covid-19-growth-and-change

Interested to know more about The Business Research Company?

Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx

The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research. It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology.

Call us now for personal assistance with your purchase:
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293

The Business Research Company
Email: info@tbrc.info
Follow us on LinkedIn: https://bit.ly/3b7850r
Follow us on Twitter: https://bit.ly/3b1rmjS
Check out our Blog: http://blog.tbrc.info/

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
info@tbrc.info
Visit us on social media:
Facebook
Twitter
LinkedIn





Source link

Leave a Comment

Your email address will not be published. Required fields are marked *