Growing awareness about energy conservation and the capability to manage consumption of energy via automation technology are driving the market growth. Besides this, smartphone driven automation solution have played an eminent role in the development of home automation systems. In addition, technology advancements in countries including the United States and Canada are expected to create greater opportunities. Consumer awareness coupled with affinity towards latest technology would open new avenues.The home automation and control market is segmented based on type, technology, application and geography. The types covered in the market research report are custom home automation system, do it yourself home automation system, mainstream home automation system and managed home automation system. Technologies assessed during the study consist of wired home automation systems, wireless home automation systems, power-line home automation systems and computing network home automation systems. Applications discussed during the research include lighting, HVAC, entertainment, safety and security and others. Regions such as North America, Europe, Asia Pacific and LAMEA are expected to experience rapid growth.
Key market players operating in the industry are Schneider Electric SA, Vantage Controls, Crestron Electronics, Inc., iControl Networks Inc., Control4 Corporation, Honeywell International Inc., AMX LLC, Johnson Controls, ADT Corporation, Siemens AG and 2GIG Technologies.
KEY BENEFITS FOR STAKEHOLDERS
- The market research report provides an integrated information on the major drivers, restraints and opportunities influencing the industry growth during the forecast period.
- The study further drills down to produce data volume by components, end customers and demography.
- SWOT analysis of major brands, highlights weaknesses, strengths, opportunities and threats. The data proves effective for business owners planning on designing their marketing and branding strategies.
- Region wise business performance discussed in the market research report would be valuable for enterprises planning to explore new areas.
- The report not only examines the market dynamics but also takes a closer look at the growth rate and industrial chain structure.
- Study further weigh up on the prominent market players and their business strategies to maintain their position.
- Assessment of upstream and downstream market also forms an important part of the report.
HOME AUTOMATION & CONTROL MARKETKEYSEGMENTS
Home Automation and Control Market By Type
- Home Automation System
- Mainstream Home Automation System
- Managed Home Automation System
Home Automation and Control Market By Technology
- Wired Home Automation Systems
- Wireless Home Automation Systems
- Power-line Home Automation Systems
- Computing Network Home Automation Systems
Home Automation and Control Market By Application
- Lighting
- HVAC
- Entertainment
- Safety and Security
- Others
Home Automation and Control Market By Geography
- North America
- Europe
- Asia-Pacific
- LAMEA
Key Players
- Schneider Electric SA
- Vantage Controls, Crestron Electronics, Inc.
- iControl Networks Inc.
- Control4 Corporation
- Honeywell International Inc.
- AMX LLC
- Johnson Controls
- ADT Corporation
- Siemens AG
- 2GIG Technologies
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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