According to a market report by Lucintel, the future of the global wireless sensor network for building and home automation market looks promising with opportunities in the applications. The global wireless sensor network for building and home automation market is expected to reach an estimated $31.8 billion by 2030 from $12.1 billion in 2024, at a CAGR of 17.4% from 2024 to 2030. The major drivers for this market are increasing requirement of minimizing cost for home automation systems and growing interest in home automation frameworks adoption in the developing countries.
A more than 150-page report to understand trends, opportunity and forecast in wireless sensor network for building and home automation market to 2030 by network (CDMA, GSM/HSPA, and LTE), communication technology (Zigbee, Z-Wave, Wi-Fi, and bluetooth), application (lighting control, security & access control, entertainment control, and other control), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the communication technology category, ZigBee will remain the largest segment over the forecast period because it works with the ieee 802.15.4 standard actual radio determination and works in unlicensed groups including 2.4 ghz, 900 mhz, and 868 mhz.determination and works in unlicensed groups including 2.4 ghz, 900 mhz, and 868 mhz.
Within the application category, Security and access control will remain the highest growing segment due to increasing requirement for higher level of security, activity monitoring, and access control, as well as growing adoption of mass building automation systems to increase efficiency and saving energy and costs.
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In terms of regions, North America will remain the largest region over the forecast period due to increasing technology penetration and automation rate, rising number of internet users and better network infrastructure across the region.
Ingersoll-Rand PLC, Johnson Controls, Schneider Electric SE, Siemens AG, United Technologies Corporation, Crestron Electronics, Nest Labs, Acuity Brands, Samsung Electronics are the major suppliers in the wireless sensor network for building and home automation market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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