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Future Growth Potential Energized by Innovative Business Models and Sustainability-driven Value-added Offerings
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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.
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Author: Anirudh Bhaskaran
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