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Market Overview of Global Home and Building Automation market:
According to our latest research, the global Home and Building Automation market looks promising in the next 5 years. As of 2022, the global Home and Building Automation market was estimated at USD 108217.0 million, and it's anticipated to reach USD 178520.0 million in 2028, with a CAGR of 8.7% during the forecast years.
Home and Building Automation is building automation for a home, called a smart home or smart house. A home automation system will monitor and/or control home attributes and home security such as access control and alarm systems.
COVID-19 emphasizes the importance of safe access and smart buildings
Smart buildings are the future of sustainable development, operational efficiency and enhanced occupant experience. This is achieved through system equipment such as home and building automation. There is no doubt that the COVID-19 pandemic has now paid more attention to the need to ensure the safety, health and well-being of building occupants, and to reduce operating costs. The home and building automation market are in a unique position to achieve this goal, all it has to do is to achieve integration through the correct architecture.
Isolated systems will not cut
There is no doubt that this epidemic illustrates the benefits of advanced home and building automation, which allows facility managers to remotely manage the system. It also opens the door to new technologies that make people in public and private sector buildings safer, customers happier, and spaces healthier. Even if vaccines are widely available, the experience of COVID-19 and the continued focus on future pandemics mean that these technologies will continue to exist and may even see regulations requiring their use.
Region Overview:
In global comparison, a significant portion of the revenue was generated in North America(38.64% in 2022).
Company Overview:
Schneider Electric is one of the major players operating in the Home and Building Automation market, holding a share of 5.53% in 2023.
Schneider Electric
Schneider Electric manufactures electrical power products. The Company offers car chargers, home security goods, light switches, access control, sensors, valves, circuit breakers, cables, accessories, signaling devices, fuse, motor starters, and voltage transformers.
Honeywell International
Honeywell International Inc. is a worldwide technology and manufacturing company. The Company provides aerospace products and services, control, sensing and security technologies for commercial buildings, safety and productivity solutions, specialty chemicals, advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions.
Segmentation Overview:
As for product types, the Gates segment held the largest market share in 2022.
Application Overview:
The market's largest segment by application is the segment Commercial, with a market share of 50.48% in 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Home and Building Automation market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Home and Building Automation Market Report:
Market Size Estimates: Home and Building Automation market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Home and Building Automation market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Home and Building Automation market
Segment Market Analysis: Home and Building Automation market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Home and Building Automation market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Home and Building Automation Market: Revenue and sales volume of major countries in each region
Home and Building Automation Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Home and Building Automation market in major regions.
Home and Building Automation Industry Value Chain: Home and Building Automation market raw materials & suppliers, manufacturing process, distributors, downstream customers
Home and Building Automation Industry News, Policies & Regulations
Key players in the global Home and Building Automation market are covered in Chapter 12:
Control4 Corporation
Aiphone
Somfy
Nice S.p.A.
ABB
Schneider Electric
Legrand
Honeywell International
Gunnebo Group
FAAC Group
Hörmann Group
Boon Edam
Lutron Electronics
Siemens AG
In Chapter 2 and Chapter 15.1, based on types, the Home and Building Automation market from 2018 to 2028 is primarily split into:
Gates
Automatic Barriers
Turnstiles
Intercom
Video Entry Systems
Bollards
Road Blockers
Tubular Motors
Others
In Chapter 3 and Chapter 15.2, based on applications, the Home and Building Automation market from 2018 to 2028 covers:
report are:
Residential
Commercial
Industrial
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Home and Building Automation market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028