Home automation involves the deployment of automation technologies, which include HVAC, appliance automation, centralized controls of lighting, security mechanisms, access control for gates and doors, and devices and mechanisms, in a residential facility to enhance comfort, optimize operational costs, and prevent energy wastage.
The increased need for energy conservation in GCC is a key growth driver for this market. During 2015, the annual per capita energy consumption accounted to around 11.5 MWh in the GCC, which was much higher than other developed economies such as France, Japan, Italy, the UK, and Germany. As a result, governments in the region have called for conservative strategies in residential, commercial, and industrial buildings to solve power crisis. The use of HVAC controls, lighting controls, and other similar building automation solutions throughout the lifespan of the building can conserve power and minimize power wastage.

Market Analysis and Insights: Global Home Automation Market
The global Home Automation market size is projected to reach US$ 83670 million by 2027, from US$ 45250 million in 2020, at a CAGR of 9.1% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Home Automation market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Home Automation market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Home Automation market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Home Automation market.

Global Home Automation Scope and Market Size
Home Automation market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Home Automation market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Lighting Control
Security and Access Control
HVAC Control
Fire and Safety Control
Services

Segment by Application
Apartment
Villa

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Honeywell
Johnson Controls
Schneider Electric
Siemens
ABB
Bosch Security System
Control4
Eaton
GE
Legrand
Lutron
Sauter
United Technologies