• About LCA
  • Join LCA
  • Contact Us
  • Education Express

Lighting Controls Association

The Lighting Controls Authority

Home Automation and Control Market worth $12.81 Billion by 2020

08/18/2015 by Lighting Controls Association 1 Comment

According to a new market research report by Markets and Markets, Home Automation and Control Market by Lighting Control (Occupancy Sensors, Relays, Transmitters), Security & Access Control (Video Surveillance, Biometric), HVAC Control (Heating & Cooling Coils, Pumps & Fans, Sensors), and Geography – Global Forecast to 2020, the home automation market is expected to grow at a CAGR of 11.36% between 2014 and 2020, and reach $12.81 billion by 2020.

Home automation plays a vital role in automating the home, housework or household activities. It mainly includes automation for centralized control of lighting, HVAC (heating, ventilation and air conditioning), appliances, and other systems, to provide improved convenience, comfort, energy efficiency, and security.

The global home automation and control market was worth $5.77 billion in 2013 and is expected to reach $ 12.81 billion by 2020; the market is projected to grow at an estimated compound annual growth rate (CAGR) of 11.36% between 2014 and 2020.

home-automation-control-systems-market2

Even though the concept of home automation has been in existence for a long time, the market has witnessed a profound growth, mainly, during the last five years. The growing awareness about wireless technologies and the various developments related to the integration of wired and wireless technologies is expected to propel the home automation & control market in future.

North America is expected to retain its position as the largest market. The revival of construction activities, especially with regards to new residential buildings and renovations, is expected to support the growth of the said market, in this region. The increasing preference of consumers for convenience, connectivity, safety & security, and demand for energy efficient and green product solutions are expected to drive the growth of this market. Energy management and HVAC automation systems too are expected to see a similar growth phase, during the forecast period. High investments in building infrastructure and the need to lower power consumption to save energy are further expected to drive the demand for home automation & security systems, especially in Asia-Pacific, Europe, and North America.

Click here to learn more about the report.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)

Filed Under: Articles, Market Research

Comments

  1. Bill Lintner says

    07/21/2016 at 3:46 am

    yes definitely there is a huge growth of home automation in usa and it is rapidly increasing day by day. it has created a very positive effects on country by establishing the positive enviornment in automating one’s home. inspite of such expansion there is also a tendency of neglecting such systems saying that there is a huge consumption of lights and all. so i need to say we should change such mentalities and we should help in expanding the growth of home-automation system. because it rather helps in saving the electricity.

    Thanks
    Bill

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Cooper Lighting Solutions
Encelium Technologies, Inc.
Eaton Corporation
EiKO
GE Lighting
Hubbell Control Solutions
JDRF Electromag
WattStopper
Leviton Manufacturing Co., Inc.
Lutron
MaxLite
McWong International
PLC-Multipoint, Inc.
RAB Lighting
Sensor Switch Inc.
SENSORWORX
Siemens Corporation
Synapse Wireless
TogglediQ
Universal Lighting Technologies

Topics

  • Bilevel Switching
  • Color Control
  • Commissioning
  • Connected/Networked/Digital Control
  • Construction and Economy
  • Daylight Harvesting
  • Demand Response
  • Design
  • Dimming
  • Education and Tools
  • Energy Codes
  • Fluorescent Control
  • Fundamentals
  • HID Control
  • Integration
  • Internet of Things
  • LED Control
  • LEED/Sustainability
  • Market Research
  • Occupancy Sensors
  • Personal Control
  • Research Studies
  • Rules and Regulations
  • Standards
  • Task tuning
  • Utility Rebates/Incentives
  • Wireless Control

Products

  • Award Winning Products
  • Devices, Systems, Software
  • Networked Controls
  • Residential

Projects

  • Award Winning Projects
  • Education
  • Healthcare
  • Hospitality
  • House of Worship
  • Industrial
  • Office
  • Public Spaces
  • Residential
  • Retail
  • Retrofits

Members

  • Acuity Brands
  • Cooper Lighting Solutions
  • Current
  • Digital Lumens
  • Eaton
  • EiKO
  • Hubbell Control Solutions
  • Intermatic
  • JDRF Electromag
  • Legrand
  • Leviton Manufacturing Co., Inc.
  • Lutron Electronics Co.
  • MaxLite
  • McWong International
  • PLC-Multipoint, Inc.
  • RAB Lighting
  • SENSORWORX
  • Siemens Corporation
  • Synapse Wireless
  • Toggled IQ
  • Universal Douglas

Services

  • Education Express
  • LCA TV
  • Articles
  • Resources
  • Awards
  • Subscribe

©2022 Lighting Controls Association, a Council of the National Electrical Manufacturers Association (NEMA) • Disclaimer • Log in

 

Loading Comments...