Home Automation System Market

The home automation system market was valued at USD 57.67 billion in 2024 and is projected to reach USD 73.49 billion by 2029; it is expected to register a CAGR of 5.0% during the forecast period. Rising need for convenience and comfort, increasing demand for energy efficient devices, and incorporating AI in Home automation are attributed to the ever-increasing demand. 

Johnson Controls Inc. (Ireland), Honeywell International Inc. (US), Schneider Electric (France), Siemens (Germany), ASSA ABLOY (Sweden), Apple Inc. (US), Robert Bosch (Germany), ABB (Switzerland), Legrand (France), ADT (US), Resideo Technologies Inc. (US), Vivint, Inc. (US), Nice S.p.A. (Italy), Loxone Electronics GmbH. (Austria), eufy (UK), The Domotics (India), OKOS (US), Smart Node (India), The Akuvox Company (akubela) (China), Onwords (India), Resideo Technologies Inc. (US), Develco Products (Denmark), LECCY & GENESIS (India), BuildTrack (India), EBSL AUTOMAT PRIVATE LIMITED (India), Wozart Technologies Private Limited (India) are some of the key players in the home automation system market.

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Major Home Automation System companies include:

• Johnson Controls Inc. (Ireland)
• Honeywell International Inc. (US)
• Schneider Electric (France)
• Siemens (Germany)
• ASSA ABLOY (Sweden)
• Apple Inc. (US)
• Robert Bosch (Germany)
• ABB (Switzerland)
• Legrand (France)
• ADT (US)
• Resideo Technologies Inc. (US)
• Vivint, Inc. (US)
• Nice S.p.A. (Italy)
• Loxone Electronics GmbH (Austria)
• eufy (UK)
• The Domotics (India)
• OKOS (US)
• Smart Node (India)
• The Akuvox Company (akubela) (China)
• Onwords (India)
• Develco Products (Denmark)
• LECCY & GENESIS (India)
• BuildTrack (India)
• EBSL AUTOMAT PRIVATE LIMITED (India)
• Wozart Technologies Private Limited (India)

Schneider Electric

Schneider Electric delivers a spectrum of solutions and products to its clients in different markets such as utility, infrastructure, industry, data center, and building markets. Its products range from product for distribution of energy, automation and control products and services software. This firm has two business divisions namely Energy Management and Industrial Automation division. Energy Management segment offers hardware, software and services for energy management and automation solution products which include; Smart home systems. Lighting controls, HVAC controls, security systems, and energy management systems are their home automation solutions that can be controlled through platforms such as Wiser and other through smartphone apps and voice recognition.

Johnson Controls Inc.

Johnson Controls Inc. is the leading global provider of integrated facility management services, energy solutions, and building technology. The company primarily sells and installs its commercial HVAC equipment and systems, control systems, security systems, fire detection and fire suppression systems, equipment, and services through its extensive direct channel, which is composed of a global network of sales and service offices. Global third-party channels, including distributors of equipment for air conditioning, controls, security, and fire detection and suppression, also contribute significantly to sales. The market for maintenance, retrofit, and replacement sees a high amount of recurring revenue because of the company's large customer base.

Resideo Technologies Inc.

Resideo Technologies Inc. is a prominent global manufacturer and developer of technology-driven products and solutions, serving over 150 million households worldwide with critical comfort, residential thermal, and security solutions. The company operates through two business segments: Products & Solutions and ADI Global Distribution. Through the Products & Solutions segment, the company offers temperature and humidity control, thermal water, and air solutions, as well as security panels, sensors, peripherals, wire and cable, communications devices, video cameras, awareness solutions, cloud infrastructures, and related software. Through the ADI Global Distribution segment, the company distributes low-voltage security products such as intrusion, access control, and video devices, as well as smart home, fire, power, audio, ProAV, networking, communications, wire and cable, enterprise connectivity, and structured wiring products.

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