"According to a market report by Lucintel, the future of the wireless sensor network for global building and home automation market looks promising with opportunities in the lighting control, security & access control, and entertainment control markets. The wireless sensor network for global building and home automation market is expected to reach an estimated $31.8 billion by 2030 with a CAGR of 17.4% from 2024 to 2030. The major drivers for this market are increasing requirement of minimizing cost for home automation systems and growing interest in home automation frameworks adoption in the developing countries.

A more than 150 – page report is developed to understand Trends, opportunity and forecast in wireless sensor network for building and home automation to 2030 by network (CDMA, GSM/HSPA, and LTE), communication technology (Zigbee, Z-Wave, Wi-Fi, and bluetooth), application (lighting control, security & access control, entertainment control, and other control), and region (North America, Europe, Asia Pacific, and the Rest of the World)In this market, Zigbee, Z-Wave, Wi-fi and bluetooth are the major segments of wireless sensor network for building and home automation market by communication technology. Lucintel forecasts that zigbee will remain the largest segment over the forecast period because it works with the ieee 802.15.4 standard actual radio determination and works in unlicensed groups including 2.4 ghz, 900 mhz, and 868 mhz.

Within this market, security and access control will remain the highest growing segment due to increasing requirement for higher level of security, activity monitoring, and access control, as well as growing adoption of mass building automation systems to increase efficiency and saving energy and costs.

North America will remain the largest region over the forecast period due to increasing technology penetration and automation rate, rising number of internet users and better network infrastructure across the region.

Ingersoll-Rand, Johnson Controls, Schneider Electric, Siemens, United Technologies Corporation, Crestron Electronics, Nest Labs, Acuity Brands, and Samsung Electronics are the major suppliers in the wireless sensor network for building and home automation market.

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"This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]