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Home Automation Market Size is estimated to reach at USD 136.5 Billion by 2030, registering a CAGR of 11.2%, Owing to Growing Number of Smart City Infrastructure in Emerging Economies

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TOKYO, Aug. 07, 2022 (GLOBE NEWSWIRE) — The Global Home Automation Market size Accounted for USD 53.4 Billion in 2021 and is predicted to be worth USD 136.5 Billion by 2030, with a CAGR of 11.2% during the projected period from 2022 to 2030.

The rising demand for features such as remote operation convenience and the incredible experience provided by remote monitoring and control is expected to fuel the global home automation market expansion over the projected timeframe. This industry’s proportion is predicted to grow because of the increasing usage of systems or devices in a wide range of industries such as surveillance, illumination, entertainment, Ventilation, and air conditioning & power system, and intelligent kitchen. This technological advancement has occurred as customers’ demands for comfort, connection, security, and reliability have increased, which is projected to fuel expansion in the home automation market.

Home automation technology is an emerging solution that automatically performs the majority of electronic, electrical, and technological operations in a home. The term “smart home” refers to a house that has an automation system, which is also known as “domotics”. The primary types of products available in home automation are security and access control, lighting control, entertainment, HVAC control, and many others. Lighting systems are a form of connected lighting apparatus that enables individuals to control the intensity, brightness, and properties of illumination in a designated area. These connected devices reduce electricity consumption while simultaneously encouraging energy efficiency. The various technologies comprise wired home control systems as well as wireless home automation, which are used in a variety of settings such as domestic, industrial, as well as others.

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Report Coverage:

Market Home Automation Market
Home Automation Market Size 2021 USD 53.4 Billion
Home Automation Market Forecast 2030 USD 136.5 Billion
Home Automation Market CAGR 11.2% During 2022 – 2030
Analysis Period 2018 – 2030
Base Year 2021
Forecast Data 2022 – 2030
Segments Covered By Application, By Technology, By Channel, And By Region
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Honeywell International Inc., Crestron Electronics, Inc., United Technologies Corporation, ABB Ltd., Schneider Electric SE, Amazon Inc., Savant Systems LLC, Johnson Controls, Inc., Siemens AG, Ingersoll-Rand plc, Legrand SA, ADT LLC, Lutron Electronics Co., Google Inc., AMX LLC, Control4 Corporation, 2GIG Technologies, Inc, and SmartThings Inc.
Report Coverage Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis


Global Home Automation Market Dynamics
                

The home automation market is being propelled by an increase in spending on energy-efficient technologies, a significant development in the IoT market, comfort and simplicity of use, technological developments, an uptick in the frequency of Smartphone applications, as well as an increase in safety concerns. Because of the high prices of automated houses and a lack of understanding in certain emerging and underdeveloped nations, the industry faces constraints. A rise in the usage of automated tools, as well as supportive government projects for green efforts, bodes well for the expansion of the home automation market. Furthermore, the necessities for energy-efficient technologies, as well as an increase in demand for home security and safety are projected to drive growth in the home automation market.

Moreover, Growing trends and development in the acceptance of artificial intelligence, fast adoption of current technologies by young folks, and quick development of IoT are expected to boost the market. IoT enables the internet to be accessed by any device. For example, a smart flashlight can be turned off and on via a mobile phone application. So every home automation system is an IoT device that may be programmed to communicate with each other. As a result, although IoT relates to the gadgets themselves, smart home devices are also improving life a little more conveniently for customers. Besides that, there has been significant progress and advancement in the area of artificial intelligence in recent decades. Several big important businesses are making investments in R&D to bring forward advancements in existing technologies. Furthermore, as consumers’ discretionary income has increased, so has their desire for a more comfortable and healthier lifestyle.

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Market Segmentation        

The global home automation market has been segmented by Acumen Research and Consulting based on application, technology, and channel. In application, the market is alienated into safety and security , access control [biometric access control (fingerprint recognition, iris recognition, facial recognition, others), and non biometric access control], lighting system [relay, sensors, switches, drivers & ballasts, dimmers, others (accessories)], entertainment system , heating ventilation and air conditioning (HVAC) [sensors and transducers, thermostats, control valve, energy meter, actuators, others], other controls [smoke detector, smart locks, smart plugs]. Based on technology, the segment is divided into wired [Ethernet, power line communication (PLC), fiber optics], wireless [Wi-Fi, zigbee, Bluetooth, others], and others. In terms of channel, the segment is classified into luxury, DIY, mainstream, and managed.

Global Home Automation Market Regional Outlook

The global home automation market is divided into five geographic regions: North America, Europe, Latin America, Asia-Pacific, and the Middle East and Africa. According to the home automation industry analysis, North America will have the highest market share of the global market in 2021. The market in North America is being driven by factors including rising demand for dependable house energy management processes, enhanced smartphone norms, enhanced home system security, and the rising popularity of integrating smart devices like tablets, mobile phones, as well as handheld voice control into homes. This region is also host to several of the most important companies in the worldwide home automation system industry, including Acuity Brands, Control4, ADT, Resideo, and Crestron Electronics. This is projected to increase market growth even further throughout the projected timeline.

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Home Automation Market Players        

Some of the prominent home automation market companies are Honeywell International Inc., United Technologies Corporation, ADT LLC, Schneider Electric SE, Google Inc., 2GIG Technologies, Inc, Savant Systems LLC, Siemens AG, AMX LLC, Crestron Electronics, Inc., ABB Ltd., Amazon Inc., Johnson Controls, Inc., Control4 Corporation, Legrand SA, Lutron Electronics Co., Ingersoll-Rand plc, and Smart Things Inc.

Browse More Research Topic on Automation Industry:

The Global Pharmacy Automation Market size accounted for USD 5,083 Million in 2021 and is expected to reach USD 10,402 Million by 2030 with a considerable CAGR of 8.6% during the forecast timeframe of 2022 to 2030.

The Global Oil & Gas Automation Market accounted for USD 18,979 Million in 2021 and is estimated to reach USD 33,336 Million by 2030, with a significant CAGR of 6.7% from 2022 to 2030.

The Global Warehouse Automation Market accounted for USD 18,937 Million in 2021 and is estimated to reach USD 64,639 Million by 2030, with a significant CAGR of 14.8% from 2022 to 2030.

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Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

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Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

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SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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