Global Home Automation System Market: Key Highlights
Global Home Automation System Market: Key Market Dynamics
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Global Home Automation System Market: Regional Overview
Europe is expected to dominate the home automation system market during forecast period. Germany, Italy, and France will drive the market in Europe region. Supportive government regulation, high presence of global players and increasing need for home security will grow the market in developing European countries. According to EU, they are targeting to install 80% smart utility meters for home applications. The increasing start-up companies in home automation will also adding fuel in the growth of the home automation system market in Europe.
North America is expected to be placed on second position after Europe. Increasing wireless infrastructure, high adoption of latest smartphones and smart gadgets will increase the market in this region. Presence of global players such as Honeywell International Inc. and many more will develop the suitable platform for home automation systems in North America region. Moreover, smart city initiatives and increasing need for simple lifestyle will create more opportunities for home automation system market in this region.
Asia-Pacific is expected to grow at faster rate during forecast period.
Global Home Automation System Market: Key Players Overview
Honeywell International Inc. engages in the provision of various product, services, and solutions for various end user industries such as aerospace, building & construction, chemicals& materials, industrial & Manufacturing, retail, safety, and consumer goods. The company provide IP panels & gateways and lighting switches for smart home automation solutions. In 2017, the company launch home automation solution in Middle East to control multiple systems from single platform.
Siemens AG is continuously focuses on digitization, electrification, and automation. The company is one of the largest provider of energy-efficient resource saving technologies, power generation and transmission products. The company provide home automation system LOGO! a cost-effective home automation solution which can be implemented by using automatic control, regulation, and monitoring of building functions. These home automation solution is used for intelligent lighting control, control of room parameters, swimming pool, pump control, gate & access control, safety & alarming, and many others.
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