DUBLIN, July 23, 2021--(BUSINESS WIRE)--The "ZigBee Home Automation Market, By Component, by Product Type, By Application, Security & Surveillance Systems, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.
The growing need to reduce energy consumption by integrating lighting products with advanced technologies such as cloud and IoT-enabled devices is expected to drive the segment growth during the forecast period. For instance, in April 2017, Inter IKEA Systems B.V., a Netherland-based furniture manufacturing company, launched affordable smart light bulbs for IoT enabled homes. Most of the companies such as Ledvance GmbH and OSRAM Sylvania Inc. are developing advanced technology products in order to remain competitive in the market. For instance, in January 2018, Ledvance GmbH, a Germany-based lighting company, launched Bluetooth mesh-based smart LED lamps with Zigbee wireless network technology. Furthermore, rising adoption of wireless technology across the globe is also fueling the segment growth.
Rapid urbanization in emerging economies of Asia Pacific and Africa region is expected to propel the growth of ZigBee home automation market over the forecast period. High economic growth, and growing real estate and construction sector are driving the growth of the market in Asia Pacific region. Furthermore, large population of countries such as India and China is a complementary factor for home construction industry. Implementation of smart city projects in India and China is expected increase demand for home automation systems. For instance, according to Ministry of Housing and Urban Affairs, Government of India., the Government of India launched the Smart Cities Mission on June 25, 2015. Some of the core infrastructure elements of the smart city would include robust IT connectivity and digitalization, good governance, especially e-Governance and citizen participation, sustainable environment, safety and security of citizens, and others.
Therefore, housing infrastructure development and smart city projects in India and China are expected to drive the demand for smart lighting, safety and security, smart HVAC controls, smart locks, and energy monitoring. Supportive government initiatives towards efficient energy usage such as implementation of smart meters is another factor which compliments the adoption of smart homes. For instance, according to India Smart Utility Week 2019, Government of India plans to implement 14 smart grid pilot projects by 2019. According to the Energy Information Administration (EIA), China exceeded the U.S. in federal smart grid subsidies for the first time in 2010, with over US$ 7.3 million invested compared to US$ 7.1 million in the U.S.
Key features of the study:
This report provides in-depth analysis of the global zigbee home automation market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2021- 2028), considering 2020 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
It profiles leading players in the global zigbee home automation market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
The global zigbee home automation market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global zigbee home automation market
Renesas Electronics Corporation
Texas Instruments Incorporated
Honeywell International, Inc.
Somfy Systems Inc.
Maven Systems Pvt. Ltd.
TIS Control Limited
Microchip Technology Inc.
Digi International Inc.
Key Topics Covered:
1. Research Objectives and Assumptions
2. Market Purview
3. Market Dynamics, Regulations, and Trends Analysis
Merger and Acquisitions
New system Launch/Approvals
Value Chain Analysis
Impact of COVID-19 Pandemic
Pre-COVID and Post-COVID Market Estimates
4. Global ZigBee Home Automation Market, By Component, 2017-2028 (US$ Million)
5. Global ZigBee Home Automation Market, By Product Type, 2017-2028 (US$ Million)
6. Global ZigBee Home Automation Market, By Application, 2017-2028 (US$ Million)
7. Global ZigBee Home Automation Market, By Region, 2017-2028 (US$ Million)
8. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/fu51f9
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