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Market Leadership - Home Automation System Market
The growing significance of intelligent devices to enable consumers to get remote access and control over their homes has resulted in the growth of the home automation industry. The market players from the Americas, Europe, and APAC are significantly investing in different segments of the home automation industry including hardware, technology, software, and service segments. Honeywell International Inc. (U.S.), Legrand (France), Ingersoll-Rand plc. (Ireland), Johnson Controls Inc. (U.S.), and Schneider Electric SE (France) are some of the major companies in the home automation system market.
The market leaders in the home automation system industry in North America and Europe, especially the U.S. and France, led the home automation system market in 2015. The home automation system industry has witnessed a considerable number of new product launches, partnerships, and agreements carried out by the market players between 2014 and 2016. There were also a significant number of mergers and acquisitions during this period.
In 2015, the lighting control, security & access control. HVAC control, and entertainment control constituted the major hardware products in the home automation system market. The lighting control market is expected to grow at a significant rate during the forecast period. Cooper Lighting (U.S.), Koninklijke Philips N.V. (Netherlands), Lumetric Lighting, Inc. (U.S.), Acuity Brands Lighting, Inc. (U.S.), Lutron Electronics Co., Inc. (U.S.), and Leviton Manufacturing Co., Inc.(U.S.) dominated the lighting control market for home automation system in 2015.
Honeywell International Inc. (U.S.) offers home automation system products and solutions under its automation and control solutions segment. It offers controls and displays for heating, cooling, indoor air quality, ventilation, humidification, combustion, lighting, and home automation. The company also offers advanced software applications for home control and optimization. The company has largely adopted strategies of new product launches, collaborations, and acquisition to retain its dominance in the home automation system hardware sector. Honeywell acquired RSI Video Technologies, Inc. in early 2016 and also strengthened its Lyric series of home security products in 2015 with the addition of awareness cameras, motion, and intruder detectors. These acquisitions are expected to help the company emerge as a prominent player in the home automation system market.
Legrand (France) offers various home automation products and solutions including switches, power sockets, VDI sockets, circuit breakers, lighting management, security systems, video door systems, and so on. Legrand offers multiple solutions for automation and control of lighting and temperature such as automatic switches, BUS lighting management systems, room thermostats, and multi-zone systems which automatically set the temperature according to the use of each zone. The company is concentrating on enhancing its business activities by acquiring other companies. The company also invests significantly in R&D to achieve profitable growth and optimize its manufacturing capability. Among recent developments, Legrand acquired QMotion (U.S.) a player in natural light control systems manufacturing for residential buildings, and entered into partnership with Nest Inc. (U.S.) for supporting the Internet of Things (IoT) application in Legrandís product offerings. With these activities, Legrand is expected to rise as significant player in the global market for home automation systems.
Home Automation System Market by Product (Lighting Control (Switch, Occupancy Sensor), Security & Access Control, HVAC Control (Pump & Fan, Control Valve), Entertainment & Other Controls), Software & Service & Geography - Global Forecast to 2022
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