The Europe Home Automation and Control Market would witness market growth of 10.3% CAGR during the forecast period (2022-2028).
Proactive industrialization initiatives and a rise in manufacturing output due to technical improvements support the market expansion. Due to both supply and demand-side variables, emerging markets were able to grow to become the largest markets t the throughout predicted period.
In order to create affordable home automation devices, both public and private entities have made significant investments in fabrication techniques and R&D activities. Home Controls offers a wide range of home automation solutions, including entire smart home systems, smart switches, DIY choices (X10, Skylink, Z-Wave), and other items that are Google Assistant, Alexa, and Apple Homekit compatible.
Top brands offered include Leviton, Elk, and Qolsys. Market participants are offering a range of solutions to manage, safeguard, and control your house, including smart switches, remote control modules, all kinds of sensors, hubs and controllers for home automation, among others.
Several steps are being taken by Europe to improve the region's energy efficiency. European governments and residents are putting more emphasis on energy conservation as a result of the region's high energy demand. Energy efficiency is at the core of both the shift to a resource-efficient economy as well as the EU's Europe 2020 Strategy for sustainable, smart, and equitable growth. Energy efficiency is one of the key cost-effective strategies to improve the security of the energy supply, reduce greenhouse gas emissions, and lower other pollutant emissions.
The Germany market dominated the Europe Home Automation and Controls Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $8,098.5 Million by 2028.The UK market is anticipated to grow at a CAGR of 9.4% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 11.2% during (2022 - 2028).
Based on Application, the market is segmented into Safety & Security, Entertainment, HVAC, Lighting and Others. Based on Type, the market is segmented into Home Automation System, Mainstream Home Automation System and Managed Home Automation System. Based on Technology, the market is segmented into Computing Network Home Automation Systems, Wireless Home Automation Systems, Wired Home Automation Systems and Powerline Home Automation Systems. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Home Automation and Controls Market will Hit $106.6 Billion by 2028, at a CAGR of 11.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Honeywell International, Inc., ABB Group, Johnson Controls International PLC, Harman International Industries, Inc. (Samsung Electronics Co., Ltd.), Snap One Holdings Corp. (Control4), Legrand Group, ADT Inc., Nice S.p.A., and Leviton Manufacturing Co., Inc.
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