European Renovation Wave Strategy Drives Demand for Home Automation Systems (HAS) Market, 2027
Future Growth Potential Energized by Innovative Business Models and Sustainability-driven Value-added Offerings
15-Mar-2021
Europe
Market Research
This research explores growth opportunities in the European home automation systems market and the possibility of the European Renovation Wave strategy accelerating the demand for such products. The research analyses key drivers and restraints that influence market growth, key country-level trends and market measurements, competitive landscape, and key growth opportunities and strategic imperatives for market participants.
Though a professional home automation system is seen as a luxury segment of the smart homes ecosystem, its attractiveness can be improved within the mainstream segment to increase mass-market adoption through innovative business models and value-added offerings. A home automation system is a centralised system that controls and automates two or more home functions, thereby offering an assisted and connected living environment to end users. The scope of the study includes only the monitoring and controller units, user interface devices, and associated software that are integrated into the indoor lighting equipment, entertainment systems, windows, blinds, shutters, and indoor climate control systems. However, the market size and forecast of this study do not include the products and appliances controlled by home automation systems.
The home automation system considered for this study includes only those products that require professional installation and does not include do-it-yourself (DIY) sensors, smart thermostats, smart speakers, and so on. The home automation systems market is categorized into mainstream and luxury end-user segments. These segments are discussed only at the regional level (Europe) and not in the country chapters of this study.
Some of the key companies identified in the research are ABB, Legrand, Schneider Electric, Siemens, Harman, Crestron, Nice, Fibar Group, Velux, Vimar, Luxone, Luxom, Gira, Niko, Jung, Delta Dore, Domintell, Leviton, Lutron, Zipato, Control4, Savant Systems, Bticino, Teletask, and Domestia.
Key Issues Addressed
- What are the key growth opportunities for market participants to achieve accelerated growth in the forecast period?
- What are the challenges and strategic imperatives for market participants in the home automation system market?
- How would the European Renovation Wave strategy propel home automation system market growth?
- Which companies are dynamic participants in the European home automation system market? What solutions do they offer?
- Which are the professional home automation products preferred by a European country and why?
Author: Anirudh Bhaskaran
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on the Home Automation Systems Market
Growth Opportunities Fuel the Growth Pipeline Engine™
Home Automation Systems Market, Scope of Analysis
Product Segmentation
Key Growth Metrics for Home Automation Systems Market
Distribution Channels for Home Automation Systems Market
Growth Drivers for Home Automation Systems Market
Growth Restraints for Home Automation Systems Market
Forecast Assumptions, Home Automation Systems Market
Revenue Forecast, Home Automation Systems Market
Revenue Forecast by Countries, Home Automation Systems Market
Revenue Forecast Analysis, Home Automation Systems Market Market
Revenue Forecast by Product, Home Automation Systems Market
Revenue Forecast by End-user Vertical, Home Automation Systems Market
Revenue Forecast Analysis by End-user Vertical, Home Automation Systems Market
Pricing Trends, Home Automation Systems Market
Competitive Environment, Home Automation Systems Market
Revenue Share, Home Automation Systems Market
Revenue Share Analysis, Home Automation Systems Market
Key Growth Metrics for Home Automation Systems Market, UK
Revenue Forecast for Home Automation Systems Market, UK
Revenue Forecast by Product for Home Automation Systems Market, UK
Revenue Forecast Analysis for Home Automation Systems Market, UK
Key Growth Metrics for Home Automation Systems Market, Germany
Revenue Forecast for Home Automation Systems Market, Germany
Revenue Forecast by Product for Home Automation Systems Market, Germany
Revenue Forecast Analysis by Product for Home Automation Systems Market, Germany
Key Growth Metrics for Home Automation Systems Market, France
Revenue Forecast for Home Automation Systems Market, France
Revenue Forecast by Product for Home Automation Systems Market, France
Revenue Forecast Analysis by Product for Home Automation Systems Market, France
Key Growth Metrics for Home Automation Systems Market, Spain
Revenue Forecast for Home Automation Systems Market, Spain
Revenue Forecast by Product for Home Automation Systems Market, Spain
Revenue Forecast Analysis by Product for Home Automation Systems Market, Spain
Key Growth Metrics for Home Automation Systems Market, Italy
Revenue Forecast for Home Automation Systems Market, Italy
Revenue Forecast by Product for Home Automation Systems Market, Italy
Revenue Forecast Analysis by Product for Home Automation Systems Market, Italy
Key Growth Metrics for Home Automation Systems Market, Poland
Revenue Forecast for Home Automation Systems Market, Poland
Revenue Forecast by Product for Home Automation Systems Market, Poland
Revenue Forecast Analysis by Product for Home Automation Systems Market, Poland
Key Growth Metrics for Home Automation Systems Market, Benelux
Revenue Forecast for Home Automation Systems Market, Benelux
Revenue Forecast by Product for Home Automation Systems Market, Benelux
Revenue Forecast Analysis by Product for Home Automation Systems Market, Benelux
Key Growth Metrics for Home Automation Systems Market, Nordics
Revenue Forecast for Home Automation Systems Market, Nordics
Revenue Forecast by Product for Home Automation Systems Market, Nordics
Revenue Forecast Analysis by Product for Home Automation Systems Market, Nordics
Key Growth Metrics for Home Automation Systems Market, Rest of Europe
Revenue Forecast for Home Automation Systems Market, Rest of Europe
Revenue Forecast by Product for Home Automation Systems Market, Rest of Europe
Revenue Forecast Analysis by Product for Home Automation Systems Market, Rest of Europe
Growth Opportunity 1—Leverage European Renovation Wave Strategy to Drive Demand for Home Automation Systems Markets, 2021–2027
Growth Opportunity 1—Leverage European Renovation Wave Strategy to Drive Demand for Home Automation Systems Markets, 2021–2027 (continued)
Growth Opportunity 2—Combine Indoor Air Quality (IAQ) Products with Home Automation Systems Market to Create Product Attractiveness, 2021–2027
Growth Opportunity 2—Combine Indoor Air Quality (IAQ) Products with Home Automation Systems Market to Create Product Attractiveness, 2021–2027 (continued)
Growth Opportunity 3—Offer Flexible Payment Model to Ease the Financial Pressure of Home Owners, 2021–2027
Growth Opportunity 3—Offer Flexible Payment Model to Ease the Financial Pressure of Home Owners, 2021–2027 (continued)
Growth Opportunity 4—Partner with Suitable DIY Mid-Segment Smart Home Players to Add Value to Existing Offerings, 2021–2027
Growth Opportunity 4—Partner with Suitable DIY Mid-Segment Smart Home Players to Add Value to Existing Offerings, 2021–2027 (continued)
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Key Issues Addressed
- What are the key growth opportunities for market participants to achieve accelerated growth in the forecast period?
- What are the challenges and strategic imperatives for market participants in the home automation system market?
- How would the European Renovation Wave strategy propel home automation system market growth?
- Which companies are dynamic participants in the European home automation system market? What solutions do they offer?
- Which are the professional home automation products preferred by a European country and why?
Author: Anirudh Bhaskaran
Deliverable Type | Market Research |
---|---|
No Index | No |
Podcast | No |
Author | Anirudh Bhaskaran |
Industries | Environment |
WIP Number | MFD8-01-00-00-00 |
Is Prebook | No |
GPS Codes | 9343-A4,GETE |