Global ZigBee Home Automation Market To Reach US$ 3,846.4 Million By 2028

The global ZigBee home automation market was valued at US$ 1,298.7 Million in 2020 and is expected to surpass US$ 3,846.4 Million by 2028, registering a CAGR of 15.2% during the forecast period (2021-2028), published by Coherent Market Insights. 

One of the most important features of the ZigBee automation devices is that it uses lower levels of energy. ZigBee enabled devices in home automation monitor and control the use of power. ZigBee home automation systems have applications in smart bulbs, smart switches, smart meters, and other electric appliances. Therefore, consumption of less power by ZigBee enabled devices is one of the prominent factors, which is expected to fuel growth of the global ZigBee home automation market. Consumer’s inclination towards smart energy devices, owing to rise in electricity prices is expected to propel growth of the global ZigBee home automation market. There are many electric appliance manufacturers such as Schneider Electric, Signify (formerly Philips Lighting), Midea Group, and others that have joined ZigBee alliance. ZigBee Alliance is a non-profit association of companies creating, maintaining, and delivering open, global standards for the Internet of Things (IoT). For instance, The Midea Group, a China-based electrical appliance manufacturer adopted ZigBee Alliance technologies for its home appliances to deliver smart functionality to automated homes. Furthermore, in May 2016, Midea Group joined the ZigBee Alliance.

Additionally, players in the lighting industry have partnered with ZigBee manufacturers to offer low power consuming products and to develop internet connected light bulbs. For instance, Philips offers Philips Hue White and Color Ambiance A19 LED Smart Bulb, which is compatible with Bluetooth & ZigBee.

Globally, most of the countries are affected by COVID-19 and most of the countries have announced lockdown. Moreover, the spending pattern of people across the globe have also changed owing to the COVID-19 pandemic. According to WMR’s study, consumers have increased their spending on healthcare products, groceries, and other essential products and reduced their spending on other luxury products. Furthermore for installing home automation systems, it requires professional workers which can work on-site to install and channelize the working of whole automation system, and due to COVID-19 pandemic companies are facing challenges to provide on-site installation. As a result players in the market witnessed decline in their sales.

Key Trends and Analysis of the Global ZigBee Home Automation Market:

• North America held dominant position in the global ZigBee home automation market in 2019 and is expected to retain its dominance throughout the forecast period. This is attributed to rising demand for connected devices in U.S. is fueling the market demand during the forecast period. Simple Link CC2652RB is equipped with ZigBee and other low power connectivity options. Furthermore, rising internet of things penetration is also driving the market growth. Additionally, according to the Worldwide Market Reports’ analysis, in the U.S., in 2016, the installed base Internet of Things (IoT) devices in households was 228 million and increased to 240 million in 2017.
• Asia Pacific is expected to show significant growth over the forecast period. Furthermore, the rising adoption of advanced technology has enabled various ZigBee devices to be connected and controlled by one device. In smart homes, CCTV cameras, lighting, and AC are controlled by tablet or smartphones. For instance, according to the Worldwide Market Reports’ analysis, approximately 79.2% of the population is using smartphones in Japan. Such factors drive the market growth.
• Among application, HVAC Controls segment held a dominant position in the market in 2020 and is expected to retain its dominance during the forecast period. The increasing adoption of HVAC control technologies for smart home automation is expected to drive the segment growth during the forecast period. This is attributed to the increasing adoption of smart thermostats, which are equipped with wireless sensors. For instance, in July 2018, LUX Products, which designs and manufactures reliable, innovative, and smartly designed thermostats, launched LUX KONOz, a ZigBee Certified thermostat. The thermostat uses the ZigBee 3.0 platform to work with ZigBee-based smart hub platforms. These systems can be controlled through an app and paired with voice assistants, and users can control the smart thermostats with voice commands. The demand for HVAC control systems has increased due to the rising penetration of IoT, and manufacturers are also integrating HVAC control devices with IoT technology.
• Major players operating in the global ZigBee home automation market include NXP Semiconductors, Renesas Electronics Corporation, STMicroelectronics, Texas Instruments Incorporated, HDL Automation, Hogar Controls, Honeywell International, Inc., Control4, Legrand, Silicon Laboratories, Signify N.V., Somfy Systems Inc., LEEDARSON, Maven Systems Pvt. Ltd., TIS Control Limited, Microchip Technology Inc., Digi International Inc., and Thales Group.

For more info visit: http://www.coherentmarketinsights.com/

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