Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Home Automation Market to Cross More Than US$100 Billion Mark by 2026, Report by TMR

This image opens in the lightbox

News provided by

Transparency Market Research

10 Jul, 2019, 13:00 GMT

Share this article

Share toX

Share this article

Share toX

ALBANY, New York, July 10, 2019 /PRNewswire/ -- Transparency Market Research have recently published a report on global home automation market that gives out meaningful insights about the overall market dynamics. As per the TMR report, the home automation market is likely to show a CAGR of 6.8% over the course of the given forecast period of 2018 to 2026. With such an encouraging growth rate, the market is expected to reach a valuation worth US$116.26 bn by 2026. This growth in valuation is considerably more than the initially reported valuation of US$64.67 bn back in 2017.

Some of the key players in the global home automation market include names such as Honeywell International Inc., ABB Ltd., United Technologies Corporation, Crestron Electronics Inc., and Johnson Controls Inc. among others. Due to the presence of a number of companies in this space, the market showcases a fragmented competitive landscape. The companies across the market are adopting aggressive marketing strategies such as mergers, takeovers, and partnerships to enhance their business portfolio. Additionally, the companies are investing heavily in the research and development activities to bring down the cost of home automation and add more value to their products that will give them a competitive edge over their rivals.

Planning to lay down future strategy? Perfect your plan with our report sample here

One such recent development in the home automation market is the announcement of a new series of smart wiring devices by Honeywell. They have introduced these smart wiring devices especially for the Indian market. These devices can be easily installed, used, and maintained. The aim of the company behind the launch of the new product line is to offer more convenience to the end users by swiftly managing their electrical devices at home or office and uplift the experience of smart living.

Get a PDF Brochure for More Details at https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=785

Factors Responsible for Growth of Global Home Automation Market

  • Growth of IoT Technology: The world has experienced a significant rise in the use of technology across all sectors of life, be it commercial or residential. One such significant growth is the increasing adoption of IoT technology. Users are increasingly using IoT applications to experience smart living and simple automations at their homes. This trend is primarily observed more in the established economies and has played a major role in the growth of the global home automation market.
  • Energy Efficiency: One of the most important factors for increasing adoption of any electronic device or system is the ability to provide energy efficiency. With the technological advancements coupled with awareness about benefits of saving the energy, contemporary home automation systems have become highly energy efficient. This has helped to boost the market growth in the recent years.
  • Changing Lifestyles: People across the globe are experiencing several changes in their lifestyle. Rise in disposable income, growing preference to high and technologically advanced living standards are driving people to adopt more and more smart devices. People are increasingly buying smart TVs, phones, lighting solutions, and refrigerators among others to uplift their standard of living. Such high adoption of smart devices is consequently driving the growth of the global home automation market.

Request a Custom Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=785

Factors that May Hamper the Market Growth

  • Matured Market: Some of the home automation devices have achieved maturity in the markets of developed countries. This is expected to reduce the sale of such products and thus slow down the growth of the home automation market in these regions.
  • Longer Payback time: Currently, the installation cost of home automation systems is on the higher side. It increases the payback time and is thus, restricting the adoption of the systems across the masses. This is expected to hamper the growth of the market in coming years.

Request for Multiple Chapters - https://www.transparencymarketresearch.com/sample/sample.php?flag=MC&rep_id=785

However, drop in the component prices is expected to ultimately reduce the payback time and boost the growth of the home automation market.

This review is based on the research report published by Transparency Market Research titled, "Home automation (Application Type - Safety and Security, Access Control, Lighting System, Entertainment System, Heating Ventilation and Air Conditioning (HVAC), and Other Controls; Technology Type - Wired and Wireless; Channel Type- Luxury, Mainstream, DIY, and Managed; Geography Type- North America, Europe, Asia Pacific, Central and South America, and Rest of the World(ROW); ) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026."

The global home automation market is segmented as follows:

Application

  • Safety and Security
    • Video Surveillance
      • Hardware
      • Security Cameras
      • Monitors
      • Others
    • Software
    • Services
  • Access Control
    • Biometric Access Control
      • Facial Recognition
      • Iris Recognition
      • Fingerprint Recognition
      • Others
    • Non Biometric Access Control
  • Lighting System
    • Drivers & Ballasts
    • Relay
    • Sensors
    • Dimmers
    • Switches
    • Others (Accessories)
  • Entertainment System
    • Home Theater System
    • Audio Video Control Systems
    • Others
  • Heating Ventilation and Air Conditioning (HVAC)
    • Actuators
    • Sensors and Transducers
    • Control Valve
    • Thermostats
    • Energy Meter
    • Others
  • Other Controls
    • Smart Locks
    • Smoke Detector
    • Smart Plugs

Technology

  • Wired
    • Power Line Communication (PLC)
    • Ethernet
    • Fiber Optics
  • Wireless
    • ZigBee
    • Wi-Fi
    • Bluetooth
    • Others

Browse Electronics & Semiconductors Market Research Reports

  • Smart Home Appliances Market - https://www.transparencymarketresearch.com/smart-home-appliances-market.html
  • Smart Home as a Service Market - https://www.transparencymarketresearch.com/smart-home-as-a-service-market.html
  • Smart Home Automation Market - https://www.transparencymarketresearch.com/smart-home-automation-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,90 State Street,Suite 700,Albany NY - 12207United States
Tel: +1-518-618-1030
USA - Canada
Toll Free:
 866-552-3453
Email: sales@transparencymarketresearch.com 
Website: http://www.transparencymarketresearch.com 
Research Blog: https://beetribune.com/

LOGO: https://mma.prnewswire.com/media/664869/Transparency_Market_Research_Logo.jpg  

Modal title

Also from this source

Ultra-high Purity Anhydrous Hydrogen Chloride (HCl) Gas Market to Reach USD 5.7 Billion by 2031, Expanding at a CAGR of 5.4% | TMR Report

Ultra-high Purity Anhydrous Hydrogen Chloride (HCl) Gas Market to Reach USD 5.7 Billion by 2031, Expanding at a CAGR of 5.4% | TMR Report

Over the last year, several companies have announced new semiconductor fabrication sites, especially in the U.S., India, and Europe. These...

Silicon Metal Market Size Projected to Expand to USD 10.7 Billion by 2031 Exhibiting 5.1% CAGR: Transparency Market Research, Inc.

Silicon Metal Market Size Projected to Expand to USD 10.7 Billion by 2031 Exhibiting 5.1% CAGR: Transparency Market Research, Inc.

The market was valued at US$ 6.9 billion in 2022. The Silicon Metal Market Growth is estimated to reach US$ 10.7 billion by the end of 2031,...

More Releases From This Source

Explore

Home Improvement

Home Improvement

Household, Consumer & Cosmetics

Household, Consumer & Cosmetics

Retail

Retail

Electronic Design Automation

Electronic Design Automation

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.