Global Z Wave Automation Market Overview
The advancement in wireless communication technology has evolved various procedures and measures of connecting multiple devices and systems through the wireless network. Z-wave is a wireless communication technique mostly used for security systems and automation in residential and small business applications. The most common application of Z-wave is in home appliances, locks and security systems, lightings, heating and cooling gadgets. Z-wave automation market is anticipated to register a significant growth rate during the forecast period 2020 – 2029.
Impact of Covid-19 pandemic on market
The COVID-19 has attacked the social and economic condition of people across the world drastically. Countries across the globe are utilizing digital technologies to fight against the crisis. Digital technologies strongly depend on the availability of wireless communication systems to enable healthcare automation, monitor the spread of the virus, and use virtual education and conferencing. Despite the fact of COVID-19 crisis, the individuals coping to connect with wireless communication and home automation systems are likely to support the growth of the target market.
Global Z Wave Automation Market Dynamics
Z-wave automation is among the most widely used wireless technology and is considered to grow with a significant growth rate during the forecast period. The efforts and contribution of the Z-Wave Alliance to develop Z-Wave technology for smart home and IoT solutions is likely to boost the Z-wave automation market in the forecast period. The demand for automated technology in security devices and smart homes coupled with the development of commercial buildings and smart cities is expected to support the growth of the Z-wave automation market.
The slower rate of data transmission among Z-wave products may hamper the growth of the Z-wave automation market. Moreover, Z-wave doesn’t work in open protocol and requires licensing to work particularly on silicon receivers is expected to hinder the Z-wave automation market growth.
Major players have the opportunity to provide home automated solutions owing to the demand increases due to the adoption of IoT based smart buildings and home automation.
Global Z Wave Automation Market Segmentation
Z-wave automation market is segmented based on platform type, application, end-user, and region. On the basis of devices, the Z-wave automation market is segmented into controllers, energy meters, HVAC, lighting controllers and devices, sensors, switch devices, and others.
On the basis of application, the target market is segmented into entertainment, energy management, home management, smart security and safety, and others.
In the region, the Z-wave automation market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the worldwide leader in the Z-wave automation market, due to the growing application of wireless technology in home automation and security solutions across the region, followed by Europe and Asia. The Z-wave automation market is rising steadily mainly in the U.S. and Europe.
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Attribute |
Details |
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The base year for estimation |
2020 |
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Forecast period |
2021 – 2029 |
|
Market representation |
Revenue in USD Million & CAGR from 2020 – 2029 |
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Market Segmentation |
By Device – Controllers, Energy Meters, HVAC, Lighting Controllers And Devices, Sensors, Switch Devices and Others By Application – Entertainment, Energy Management, Home Management, Smart Security and Safety, and Others |
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Regional Scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2029. For the purpose of this study, has segmented the Z-wave automation market report based on device, application and region.
Z-Wave Automation Market, By Device:
- Controllers
- Energy Meters
- HVAC
- Lighting Controllers and Devices
- Sensors
- Switch Devices
- Others
Z-Wave Automation Market, By Application:
- Entertainment
- Energy Management
- Home Management
- Smart Security and Safety
- Others
Z-Wave Automation Market, By Region:
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
Global Z Wave Automation Market Key Players
The key players operating in the Z-wave automation market include ABB Ltd., Aeotec, Assa Abloy AB, Honeywell International Inc., Inovelli, Jasco Products Company, LLC, LG Electronics Inc., Nokia Corporation, Zooz, Z-Wave Products Inc., and many other players. Major players in the Z-wave automation market are highly fragmented and have various strategies of research and development to improve their footprints across the globe.
Global Z Wave Automation Market Company Profile
- ABB Ltd.*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Aeotec
- Assa Abloy AB
- Honeywell International Inc.
- Inovelli
- Jasco Products Company, LLC
- LG Electronics Inc.
- Nokia Corporation
- Zooz
- Z-Wave Products Inc.
“*” marked represents similar segmentation in other categories in the respective section
Global Z Wave Automation Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for Z-Wave Automation Strategies
- Key Questions this Study will Answer
- Market Snippet, By Device
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Device, 2020 – 2029, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2029
- Y-o-Y Growth Analysis (%), 2020 – 2029
- Segment Trends
- Controllers
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2029
- Energy Meters
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2029
- HVAC
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2029
- Lighting Controllers and Devices
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2029
- Sensors
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2029
- Switch Devices
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2029
- Overview
- Market Segmentation, By Application, 2020 – 2029, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2029
- Y-o-Y Growth Analysis (%), 2020 – 2029
- Segment Trends
- Entertainment
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2029
- Energy Management
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2029
- Home Management
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2029
- Smart Security and Safety
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2029
- Overview
- Global Market, By Region, 2020 – 2029, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2029
- Y-o-Y Growth Analysis (%), 2020 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Device, 2020 – 2029
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2029
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Device, 2020 – 2029
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2029
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Device, 2020 – 2029
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2029
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Device, 2020 – 2029
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2029
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Device, 2020 – 2029
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2029
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- ABB Ltd.
-
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
-
- Aeotec
- Assa Abloy AB
- Honeywell International Inc.
- Inovelli
- Jasco Products Company, LLC
- LG Electronics Inc.
- Nokia Corporation
- Zooz
- Z-Wave Products Inc.
- ABB Ltd.
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Z-wave Automation Market is segmented into entertainment, energy management, home management, smart security and safety, and others.
Market growth is propelled by the rising demand for smart home solutions, the interoperability and energy efficiency offered by Z-wave technology, increased consumer awareness of home automation benefits, and the growing adoption of connected devices.
Challenges include potential interoperability issues with other home automation standards, limited range compared to other wireless technologies, and the need for standardized communication protocols, influencing the global Z-wave Automation Market.
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the worldwide leader in the Z-wave automation market, due to the growing application of wireless technology in home automation and security solutions across the region, followed by Europe and Asia. The Z-wave automation market is rising steadily mainly in the U.S. and Europe.
The key players operating the target market includes, GE Lighting, Koninklijke Philips N.V., Panasonic Corporation, OSRAM Licht AG, Schneider Electric SE, Cree, Inc., CITIZEN ELECTRONICS CO., LTD., Lumerica, Havells India Ltd., and LEDtronics, Inc.