HOME Research Insight Schneider Electric SE, and Honeywell International, Inc. Were Among the Major Market Players in the Home Automation System Market.

Schneider Electric SE, and Honeywell International, Inc. Were Among the Major Market Players in the Home Automation System Market.

A home automation system is a hub of intelligent devices that enable consumers to access and control their homes from remote locations. Home automation products find their applications in almost all of the areas within a house, such as energy management, lighting, kitchen, and healthcare. Lighting controllers such as dimmers, timers, switches, and sensors enable the homeowner to keep a check on the lighting within the household. Energy management products such as HVAC controls, smart thermostats, smart meters, and smart plugs, enable consumers to check the electricity consumption within the household using different mediums. The home automation industry has also been successful in providing automated features for the entertainment and security devices within the household. The global home automation system market was valued at USD 39.93 Billion in 2016 and is expected to reach USD 79.57 Billion by 2022, at a CAGR of 11.3% during the forecast period. The home automation system market is driven by factors such as the significantly growing IoT market, cost reduction measures enabled by home automation systems, the presence of a large number of manufacturers expanding their product portfolios, and the increasing importance of home monitoring from remote locations.

As of 2016, Legrand, Ingersoll-Rand PLC, Schneider Electric SE, and Honeywell International, Inc. were among the major market players in the home automation system market. These companies operate globally and provide home automotive systems, relying on their R&D capabilities and a balanced product portfolio with technological advancements to hold a large share of the market.

Honeywell International Inc. (U.S.) was the leading company in the home automation system market in 2016. It 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.

To maintain its market position, the company has been focusing on inorganic growth strategies. In November 2016, Honeywell launched Lyric Gateway, which is a new addition to its Lyric Security and Home Control platform that seamlessly allows consumers to control their home security and automation systems on their personal devices. Also, Honeywell International, Inc. launched T Series thermostats that offer integrators a choice of connected and standard non-Wi-Fi-enabled thermostats that include the Lyric T6 Pro Wi-Fi solution.

Legrand offers various home automation products and solutions including switches, power sockets, VDI sockets, circuit breakers, lighting management, security systems, and video door systems. 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 that automatically set the temperature according to the use of each zone.

The other players in this market include ABB Ltd., Control4 Corporation, Crestron Electronics, Inc., Johnson Controls, Inc., and Siemens AG.

Related Reports:

Home Automation System Market by Protocol and Technology (Network and Wireless), Product (Lighting, Security and Access Control, HVAC and Entertainment Control), Software and Algorithm (Behavioral and Proactive), and Geography - Global Forecast to 2022

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