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Global Home Automation Market Worth USD 78.27 Billion by 2022 - Analysis, Technologies & Forecasts Report 2015-2022 - Vendors: Acuity Brands, Legrand, Siemens - Research and Markets

[October 07, 2016]

Global Home Automation Market Worth USD 78.27 Billion by 2022 - Analysis, Technologies & Forecasts Report 2015-2022 - Vendors: Acuity Brands, Legrand, Siemens - Research and Markets

Research and Markets has announced the addition of the "Global Home Automation Market - by Product, Technology, Regions - Market Size, Demand Forecasts, Industry Trends and Updates (2015-2022)" report to their offering.

Global Home Automation Market is estimated to grow at a CAGR of 12.46% reaching $78.27 billion by 2022 from the market value of $32.11 billion in 2015.

North America dominates Global home automation market. It captures approximately 40% of the total market share. Europe follows North America in terms of market share. Asia-Pacific is expected to grow at the highest CAGR due to increasing building infrastructure at a significant rate and growing number of residential projects.

Increasing usage of smartphones, tablets and other handheld devices, increasing penetration of Internet, growing awareness of energy consumption and energy management, building infrastructure, growing number of residential projects ad growing need for remote home monitoring solutions are some of the drivers of Home automation market.

Types of home automation include Luxury (custom) home automation systems, Mainstream home automation systems, DIY (Do It Yourself) home automation systems and Managed home automation services. By network technology, home automation can be segmented into Wired, Power-line, Computing Network and Wireless. Wireless market can further be segmented into Wi-Fi, Zigbee, Z-Wave, KNX and others.

Companies Mentioned: