Home Automation Market

Apr 2020| VMR2561A| Verified Market Research

Report Highlights

Home Automation Market Size And Forecast

Home Automation Market was valued at USD 45.8 Billion in 2018 and is projected to reach USD 99.6 Billion by 2026, growing at a CAGR of 10.2% from 2019 to 2026.

Global Home Automation Market Outlook

The major factors contributing to the growth of the global home automation market include the significantly growing IoT market, rising awareness for efficient energy usage, rise in electricity prices, and technological advancements. Moreover, the presence of a large number of manufacturers expanding their product portfolios and the increasing importance of home monitoring from remote locations are further expected to boost market growth.

Global Home Automation Market Competitive Landscape

The Global Home Automation Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Honeywell International, Inc., Schneider Electric SE, Legrand, Siemens Ag, Johnson Controls, Inc., ABB Ltd, Ingersoll-Rand Plc, Control4 Corporation, Lutron, and Crestron Electronics, Inc.

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