Home Automation Market | Global Outlook, New Developments And Forecast

Posted May 24, 2022 by Biswadeeptbrc

TBRC global home automation market report includes lighting control, security and access control, hvac control, entertainment

The Home Automation Global Market Report 2021-31 by The Business Research Company describes and explains the global home automation market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.

The Home Automation Global Market Report 2022 covers home automation market drivers, home automation market trends, home automation market segments, home automation market growth rate, home automation market major players, and home automation market size.

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The home automation market report provides in-depth analysis of the impact of COVID-19 on the global home automation industry along with revised market numbers due to the effects of the coronavirus and the expected home automation market growth numbers for 2022-2031.

The global home automation market size is expected to grow from $54.41 billion in 2021 to $61.62 billion in 2022 at a compound annual growth rate (CAGR) of 13.3%. The change in the home automation market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $95.07 billion in 2026 at a CAGR of 11.4%.

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Home Automation Global Market Report 2022 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

TBRC’s report covers the home automation market segments-
1) By Product: Lighting Control, Security and Access Control, HVAC Control, Entertainment, Others
2) By Technology: Wired Home Automation System, Wireless Home Automation System
3) By End-User: Residential, Commercial, Others

About The Business Research Company:
The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology. It has offices in the UK, the US and India and a network of trained researchers in 20+ countries globally.

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Issued By The Business Research Company
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Categories Home , Science , Technology
Last Updated May 24, 2022