The North America Home Automation and Control Market would witness market growth of 10.9% CAGR during the forecast period (2022-2028).
The market for home automation and controls offers integrated lighting, enhanced comfort, increased security, and better hygienic conditions in an energy-efficient and intelligent manner while reducing long-term operational expenses. Additionally, wired and wireless networks can be used by smart devices in home automation systems to connect and communicate with one another.
The market for home automation and controls has significant room for expansion in the safety and security fields. Due to the growing population and increased need for home automation systems, the current business environment has seen a spike in the demand for manufacturing many automated components.
The businesses in this sector have used a variety of cutting-edge tactics and strategies, like mergers and acquisitions, to boost their positions in the market. The parent organization of 2GIG Technologies, Nortek Control, debuted the 2GIG EDGE security and automation panel in March 2021. It features edge analytics and artificial intelligence (AI).
Due to shifts in lifestyle, safety, health, and convenience, the home appliance sector is becoming increasingly important to customers through its products and innovation. Additionally, it has a substantial impact on the stability of the US economy and job market. The high level of technology acceptability in the nation and the consumer's spending power are the elements driving the market's expansion. The use of energy-efficient appliances is being encouraged even by the government.
The US market dominated the North America 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 $23,696.3 Million by 2028.The Canada market is poised to grow at a CAGR of 13.4% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 12.4% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Home Automation and Controls Market is Estimated to reach $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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