Press release
Home Automation Market in India - Opportunity Analysis, Vendor Landscape, Growth, Developments & Forecast 2019-2026
The India home automation market size was valued at $1,790.9 million in 2018, and is expected to reach $13,574.1 million by 2026, growing at a CAGR of 29.8% during the forecast period 2019-2026. Home automation systems in India have witnessed an unprecedented demand in the recent years, due to increased concerns about safety & security, especially in urban areas. Moreover, factors such as improved lifestyle, increase in disposable income of people, and surge in awareness about smart automated systems have boosted the adoption of home automation systems, thus driving the India home automation market growth. However, the home automation market in Indian cities and rural regions is in its nascent stage and is expected to witness significant growth in the future. Pune and Mumbai are anticipated to provide lucrative opportunities for the market players, owing to improvement in access to wireless technologies in these cities.
The security & safety segment dominated the market in India in 2018 owing to considerable adoption of smart technologies such as smart bulb, smart camera, and smart refrigerator as compared to the other sectors. Increase in government initiatives, such as Digital India, for the development of smart cities has fueled the adoption of home automation systems in India.
Download Sample PDF @ https://www.alliedmarketresearch.com/request-sample/4940
The wireless technology segment accounted for the maximum revenue share in the overall home automation industry as the installation of wireless automation networks facilitates significant reductions in energy management.
This report discusses various aspects of the market such as the technologies and types used in home automation control. In recent times, various wired and wireless technologies are being used for monitoring and controlling the operations of smart homes and installed systems. Wi-Fi with its long-range operation capabilities contributes to the largest share.
Furthermore, the lighting segment was the second highest revenue contributor across India in 2018, owing to increase in demand for smart lighting devices. This in turn is expected to fuel the growth of the home automation market.
The HVAC segment accounted for 10.1% share in the India home automation market in 2018 and is expected to grow at a CAGR of 34.4% during the forecast period. In terms of end-user, the residential sector is expected to garner the highest market share in the coming years. Moreover, expansion of urban areas in India is expected to provide lucrative growth opportunities to small manufacturers in country.
Residential sector is the most productive segment in the India home automation market, owing to increase in inclination toward smart home concept and expansion of urban areas in India. Rise in internet coverage area and competition among various telecom companies for cheap internet services are expected to boost the demand for wireless home automation systems. In addition, various domestic competitors are expanding their business by investing in the hospitality sector to offer smart hospitality solutions for customers, which is anticipated to fuel the demand for the home automation market.
Inquiry for Discount@ https://www.alliedmarketresearch.com/purchase-enquiry/4940
The security and safety segment registered the highest revenue after lighting in the India home automation market share in 2018. HVAC is expected to grow during the forecast period, owing to increase in demand for smart HVAC systems in residential and commercial sectors in India. For instance, Johnson Controls developed and launched Metasys 10.0 in December 2018. It is designed to deliver more unified building management. It provides the facility personnel with smarter building automation, faster responses to critical alarms and new integrations in fire detection, security, and lighting systems with a single common interface. Similarly, in January 2019, Johnson Controls launched advanced sound conditioner that is optimized for low frequency sound attenuation. The product features target the specific frequencies of sound generated by air handling units (AHUs).
Key Findings of the India Home Automation Market:
o The report provides an extensive analysis of the current and emerging India home automation market trends and dynamics.
o Based on product type, the security and safety segment dominated the India home automation market, in terms of revenue in 2018 and is projected to grow at a CAGR 28.4% during the forecast period.
o Based on end-user, the residential segment is projected to grow at a CAGR of 32.4% during the forecast period.
o By technology, the wireless segment is projected to register the highest growth rate in the coming years.
o Key market players are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the India home automation industry.
The key market players profiled in the report include Fueblabs, Larsen & Toubro, Schneider, Johnson Controls, Harman International, Home Brain, PERT, Silvan Innovation, Oakter, and Elan Home Systems. Many companies have focused on new product launches to strengthen their presence in the market. Moreover, these companies expand their business by marketing and merging small businesses to sustain the intense competition. For instance, Schneider Electric launched 'Xperience Point' in Gurugram in August 2018. The new store is expected to host the company's entire suite of products for home automation. This includes products such as variety of color plates, distribution board covers, and protection devices. Along with this, they also displayed products that are digitized and connected to ensure sustainability and efficiency, along with providing style and comfort quotient to the homes.
Get detailed COVID-19 impact analysis on the India Home Automation Market @
https://www.alliedmarketresearch.com/request-for-customization/4940?reqfor=covid
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research
About us:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.
The security & safety segment dominated the market in India in 2018 owing to considerable adoption of smart technologies such as smart bulb, smart camera, and smart refrigerator as compared to the other sectors. Increase in government initiatives, such as Digital India, for the development of smart cities has fueled the adoption of home automation systems in India.
Download Sample PDF @ https://www.alliedmarketresearch.com/request-sample/4940
The wireless technology segment accounted for the maximum revenue share in the overall home automation industry as the installation of wireless automation networks facilitates significant reductions in energy management.
This report discusses various aspects of the market such as the technologies and types used in home automation control. In recent times, various wired and wireless technologies are being used for monitoring and controlling the operations of smart homes and installed systems. Wi-Fi with its long-range operation capabilities contributes to the largest share.
Furthermore, the lighting segment was the second highest revenue contributor across India in 2018, owing to increase in demand for smart lighting devices. This in turn is expected to fuel the growth of the home automation market.
The HVAC segment accounted for 10.1% share in the India home automation market in 2018 and is expected to grow at a CAGR of 34.4% during the forecast period. In terms of end-user, the residential sector is expected to garner the highest market share in the coming years. Moreover, expansion of urban areas in India is expected to provide lucrative growth opportunities to small manufacturers in country.
Residential sector is the most productive segment in the India home automation market, owing to increase in inclination toward smart home concept and expansion of urban areas in India. Rise in internet coverage area and competition among various telecom companies for cheap internet services are expected to boost the demand for wireless home automation systems. In addition, various domestic competitors are expanding their business by investing in the hospitality sector to offer smart hospitality solutions for customers, which is anticipated to fuel the demand for the home automation market.
Inquiry for Discount@ https://www.alliedmarketresearch.com/purchase-enquiry/4940
The security and safety segment registered the highest revenue after lighting in the India home automation market share in 2018. HVAC is expected to grow during the forecast period, owing to increase in demand for smart HVAC systems in residential and commercial sectors in India. For instance, Johnson Controls developed and launched Metasys 10.0 in December 2018. It is designed to deliver more unified building management. It provides the facility personnel with smarter building automation, faster responses to critical alarms and new integrations in fire detection, security, and lighting systems with a single common interface. Similarly, in January 2019, Johnson Controls launched advanced sound conditioner that is optimized for low frequency sound attenuation. The product features target the specific frequencies of sound generated by air handling units (AHUs).
Key Findings of the India Home Automation Market:
o The report provides an extensive analysis of the current and emerging India home automation market trends and dynamics.
o Based on product type, the security and safety segment dominated the India home automation market, in terms of revenue in 2018 and is projected to grow at a CAGR 28.4% during the forecast period.
o Based on end-user, the residential segment is projected to grow at a CAGR of 32.4% during the forecast period.
o By technology, the wireless segment is projected to register the highest growth rate in the coming years.
o Key market players are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the India home automation industry.
The key market players profiled in the report include Fueblabs, Larsen & Toubro, Schneider, Johnson Controls, Harman International, Home Brain, PERT, Silvan Innovation, Oakter, and Elan Home Systems. Many companies have focused on new product launches to strengthen their presence in the market. Moreover, these companies expand their business by marketing and merging small businesses to sustain the intense competition. For instance, Schneider Electric launched 'Xperience Point' in Gurugram in August 2018. The new store is expected to host the company's entire suite of products for home automation. This includes products such as variety of color plates, distribution board covers, and protection devices. Along with this, they also displayed products that are digitized and connected to ensure sustainability and efficiency, along with providing style and comfort quotient to the homes.
Get detailed COVID-19 impact analysis on the India Home Automation Market @
https://www.alliedmarketresearch.com/request-for-customization/4940?reqfor=covid
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research
About us:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
